Welcome!

News Feed Item

Auryn Resources drills 12.2 meters of 4.7g/t gold in a new discovery 12 kilometers north of the Three Bluffs deposit

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/14/17 -- Editor's Note: There are three images associated with this news release.

Auryn Resources Inc. (TSX: AUG)(NYSE AMERICAN: AUG)(NYSE MKT: AUG) ("Auryn" or the "Company") is pleased to announce the first drill results ever from the Aiviq prospect located 12 kilometers north of the Three Bluffs deposit (Figure 1). Highlights from the Aiviq prospect include 12.2 meters of 4.7g/t Au (including 3.05 meters of 18.09 g/t Au) intersected in an interpreted silicified shear zone (Figure 1). These results are the first step in defining a new discovery on the Committee Bay Greenstone Belt in a newly recognized style of mineralization.

The mineralization encountered at Aiviq is situated along a regional shear zone that is defined by a 7 kilometer long gold-in-till anomaly. This shear zone was tested by a single drill fence during the 2017 summer drill program leaving the prospect wide open to expansion. The other holes drilled at this prospect did not target or intersect this shear zone. Importantly, the high-grade mineralization intersected in drill hole 17RGR003 is situated within a 100 meter wide zone of lower grade structures that demonstrate the overall strength and potential of the gold bearing system (Figure 2). Auryn believes that a follow up drill program along this shear zone is highly warranted given the similar nature of the till signatures and comparable high grade gold values to those found at the Three Bluffs deposit.

Aiviq's proximity to Three Bluffs allows the Company to leverage the substantial existing exploration infrastructure already in place at its Hayes Camp for future drilling and potential development.

Michael Henrichsen, Chief Geologist and COO of Auryn commented, "Auryn's technical team has done an outstanding job of vectoring to high-grade gold mineralization under till cover at the newly defined Aiviq prospect. We view this high-grade intercept as the first step to defining a significant new discovery at Committee Bay and are looking forward to aggressively exploring the 7 kilometer long gold-in-tills anomaly along the mineralized shear zone in 2018."

Mr. Henrichsen further stated, "The proximity of the Three Bluffs deposit with this new discovery, creates the potential for a multi-deposit scenario utilizing common infrastructure as we expand the Three Bluffs resource and continue our exploration efforts at Aiviq."

Additional positive results were received from the Aarluk prospect where 4.57 meters of 2.52 g/t gold was intersected in banded iron formation where there are 3 holes pending assay. This prospect is located 17 kilometers to the north of Aiviq (Figure 1) and remains open demonstrating the emerging importance of the north-south trending 30 kilometer long structural corridor from Three Bluffs through to Aarluk.

Rotary Air Blast (RAB) Drilling Results:

To date the Company has received complete results from the Aiviq, Kalulik, West Plains, Ziggy South, Avinngaq, and partial results from the Aarluk prospect (3 holes pending assay) representing a total of 39% of the drill program.

Significant intercepts from the Aiviq, Kalulik, and Aaluk prospects are reported in the table below. The summer exploration RAB drill program completed 30,133 meters in 156 holes with 61% of the remaining results to be released in the coming months.

Table 1:

                      Significant Intercepts - RAB 2017
----------------------------------------------------------------------------
Prospect            Hole ID    From (m)      To (m) Interval (m)    Au (g/t)
----------------------------------------------------------------------------
Aiviq              17RGR003       85.34       97.54         12.2        4.70
                  including       91.44       94.49         3.05       18.09
                                 112.78       114.3         1.52        0.41
                                 129.54      131.06         1.52        0.34
                                  184.4      185.93         1.53        0.27
                                 193.55      199.64         6.09        0.28
                   17RGR005       73.15       74.68         1.53        0.27
                                  77.72       79.25         1.53        0.88
                   17RGR007      176.78      178.31         1.53        0.32
                   17RGR009       41.15       42.67         1.52        0.90
----------------------------------------------------------------------------
Aarluk             17AAR008      128.02      129.54         1.52        0.26
                   17AAR012        38.1       42.67         4.57        2.52
----------------------------------------------------------------------------
Kalulik            17KLR002       36.58        38.1         1.52        0.63
                                 109.73      111.25         1.52        0.40
                   17KLR005       42.67        44.2         1.53        0.31
                   17KLR009       48.77       50.29         1.52        0.33
                   17KLR016       24.38       25.91         1.53        0.32
                   17KLR017       36.58        38.1         1.52        0.40
----------------------------------------------------------------------------
True widths of mineralization are unknown based on current geometric
understanding of the mineralized intervals

Michael Henrichsen, P.Geo, COO of Auryn, is the Qualified Person who assumes responsibility for the technical disclosures in this press release.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES INC.

Shawn Wallace, President and CEO

About Auryn

Auryn Resources is a technically driven junior mining exploration company focused on delivering shareholder value through project acquisition and development. The Company's management team is highly experienced with an impressive track record of success and has assembled an extensive technical team as well as a premier gold exploration portfolio. Auryn is focused on scalable high-grade gold deposits in established mining jurisdictions, which include the Committee Bay and Gibson MacQuoid gold projects located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in southern Peru, through Corisur Peru SAC.

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". Forward-looking information is information that includes implied future performance and/or forecast information including information relating to, or associated with the acquisition and title to mineral concessions. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers should refer to the risks discussed in the Company's Annual Information Form and MD&A for the year ended December 31, 2016 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedar.com and the Company's registration statement on Form 40-F filed with the United States Securities and Exchange Commission and available at www.sec.gov.

Committee Bay RAB Drilling QA/QC Disclosure

Intercepts were calculated using a minimum of a 0.25 g/t Au cut off at beginning and end of the intercept and allowing for no more than four consecutive samples (six meters) of less than 0.25 g/t Au.

Analytical samples were taken using 1/8 of each 5ft (1.52m) interval material (chips) and sent to ALS Lab in Yellowknife, NWT and Vancouver, BC for preparation and then to ALS Lab in Vancouver, BC for analysis. All samples are assayed using 30g nominal weight fire assay with atomic absorption finish (Au-AA25) and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). QA/QC programs using internal standard samples, field and lab duplicates and blanks indicate good accuracy and precision in a large majority of standards assayed.

Disclaimer

The Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

To view the images associated with this news release, please visit:

http://www.marketwire.com/library/20170913-Figure1_CommitteBay.jpg

http://www.marketwire.com/library/20170913-Figure2_AiviqDiscovery.jpg

http://www.marketwire.com/library/20170913-Figure3_CommiteBayDrilling.jpg

Contacts:
Auryn Resources Inc.
Jay Adelaar
Vice-President of Investor Relations
(778) 729-0600
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
SYS-CON Events announced today that App2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. App2Cloud is an online Platform, specializing in migrating legacy applications to any Cloud Providers (AWS, Azure, Google Cloud).
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a mu...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
Trying to improve density, lower costs and run applications faster than before? Today, enterprises looking for a secure cloud strategy are increasingly turning to container-based Platform as a Service solutions for on-premises hosted DevOps. In her session at 21st Cloud Expo, Alise Cashman Spence, Offering Manager, Power Systems Cloud Solutions at IBM, will discuss the driving factors behind these cloud trends and how IBM customers are realizing exceptional performance, security and control for ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In their Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, and Mark Lav...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
"NetApp's vision is how we help organizations manage data - delivering the right data in the right place, in the right time, to the people who need it, and doing it agnostic to what the platform is," explained Josh Atwell, Developer Advocate for NetApp, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
What You Need to Know You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technolog...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.