25 October 2019
Auryn Resources Inc. is pleased to announce results from the seven-hole, 2,700 meter summer drill program at Committee Bay. The Company drilled a new gold-bearing hydrothermal system and made significant progress in geophysical targeting. At the Shamrock target Auryn intersected 30 meters of 0.67 g/t gold, including 1.5 m of 5.03 g/t gold, which is characterized by quartz veining within gabbroic rocks (Figure 1). The Shamrock target is located 2.5 kilometers to the southwest of the Aiviq target where the Company drilled 10.5 meters of 1.22 g/t gold this summer (Figure 2).
A Message from Ivan Bebek, Executive Chairman & Director:
“Although this was a modest program, the outcomes were significant. We drilled a new gold-bearing system along the regional fault zone that hosts the Aiviq and Kalulik systems. In addition, through the use of geophysics the technical team has made an important leap in their understanding of targeting high-grade mineralization on the 300 km belt.
“This summer’s program also gave us a chance to test our machine learning platform prior to a more expansive drill program. The technology proved to be a useful tool and we believe with further refining it could become increasingly helpful in future targeting.
“The Company is currently awaiting results from 500 rock samples taken from its recently consolidated Curibaya project, as well as further updates on permits for Sombrero, expected in the coming weeks.”
The 2019 and 2018 drill programs have delineated 15 kilometers of strike length along a regional fault zone with gold mineralization identified at the Aiviq, Shamrock and Kalulik targets (Figure 3). Auryn believes that this regional shear zone has excellent potential to host high-grade mineralization due to the high-grade boulder samples sourced from the shear zone corridor