Auryn Resources commences spring mobilization at the Committee Bay Gold Project and provides Arctic exploration update
20 April 2017
Vancouver, British Columbia – April 20th, 2017 – Auryn Resources Inc. (TSX: AUG, OTCQX: GGTCF “Auryn” or the “Company”) is pleased to announce it has initiated its spring mobilization at the Committee Bay gold project (“Committee Bay”) located in Nunavut, Canada. The large-scale mobilization currently underway is transporting fuel and supplies to the region for the belt-wide summer exploration program, this will include 25,000 meters of drilling expected to start June 3, 2017. The focus of the program will be on making discoveries across the 12 newly identified high priority targets (Figure 1). Drilling will be focused within the Anuri, Four Hills, Three Bluffs, and Inuk corridors. In addition, regional till sampling will be completed on the 15% of the belt yet to be explored to delineate additional targets for 2018.
Shawn Wallace, President and CEO stated: “With the recent funding from Goldcorp completed and the technical team’s extensive preparative exploration work to date, Auryn is well positioned to undertake an aggressive discovery focused drill program. The commencement of this 25,000 meter program is very exciting for Auryn shareholders as it marks the start of a portfolio wide 55,000 meter discovery program that will continue onto the company’s Homestake and Peruvian projects through the end of the year.“
In conjunction with the spring mobilization, Auryn is moving the Three Bluffs drill core to a storage facility in Edmonton so that the deposit can be re-logged in Q3 and Q4 of 2017. The purpose of the re-log is to establish the structural controls on high-grade ore-shoots within the deposit with the aim of drilling at Three Bluffs in Q2 of 2018.
At Auryn’s newly acquired 120 km long Gibsons MacQuoid Gold Project, the company is planning an initial belt wide till survey as well as completing high resolution drone imagery. This exploration program is slated to begin July 15 with the goal of identifying the major centers of gold mineralization within the project area that will be drilled during the summer of 2018.
Michael Henrichsen, Chief Geologist and COO of Auryn stated, “Auryn’s innovative approach, with the use of track mounted Rotary Air Blast (RAB) drill rigs and drone survey’s has reduced exploration costs significantly and allowed us to actively explore on the project 12 months of the year. The quality and scale of the targets our technical team has developed over the last 8 months has demonstrated the potential of the belt to deliver multiple discoveries.”