Auryn Drills Gold-Bearing Hydrothermal System at Committee Bay
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Auryn Drills Gold-Bearing Hydrothermal System at Committee Bay
Vancouver, British Columbia – November 13, 2018 – Auryn Resources Inc. (TSX: AUG, NYSE
AMERICAN: AUG, “Auryn” or the “Company”) is pleased to announce that the company drilled a
1.5 kilometer gold-bearing hydrothermal system at the Aiviq target . A total of 16 diamond drill holes
(4,996 meters) consistently intersect ed the target structure (Figure 2) , with the best intercept being
13.5 meters of 1.54 g/t gold (including 6 meters of 3.3 g/t gold ) in hole 12 at the southwest margin of
the drilling program, leaving the system open in that direction (Figures 3 – 4). Hole 12 also exhibited
the most intense alteration and quartz veining along the system.
Highlights:
- Discovery of the gold-bearing hydrothermal system at the Aiviq and Kalulik prospects
- Identifying that the system strengthens towards the southwest
- Sampling additional high-grade rock at Aiviq and Kalulik
- Identifying additional targets within the 20 km shear zone , hosting the Aiviq Shamrock
and Kalulik prospects.
Executive Chairman and Director, Ivan Bebek:
“Our ability to target hydrothermal systems under the 95% covered 300km Committee Bay gold belt
has improved considerably. The southern-most drilled hole at Aiviq represents a significant opportunity
to make a major discovery.
“As the company continues to advance Committee Bay exploration plans, several catalysts are
pending including Homestake Ridge drill results, Gibson Mac Quoid surface results and continuous
news from the company’s highly active Sombrero project, where major copper -gold skarn and
porphyry targets have recently been identified.”
Auryn also drilled 22 R otary Air Blast (R AB) holes (4,135 meters) at the Kalulik and Aarluk prospects
(Figures 1– 2), which identified two additional gold-bearing hydrothermal systems that have geological
characteristics consistent with the Three Bluffs deposit . This demonstrates Auryn’s improved ability to
target under till cover. The Kalulik and newly identified Shamro ck prospects are south of Aiviq on the
same shear zone.
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Aiviq Summary:
The majority of the drill holes intersected 20 – 40 meter widths of intense quartz veining and
sulphidized banded iron formation s (Figures 5 – 9), which Auryn believes demonstrates the potential
for a significant discovery along this regional fault zone. Table 1 lists the complete results from the
Aiviq core drill program.
Due to the strength of the hydrothermal system observed along this regional fault zone , Auryn has
further evaluated the high-resolution tills collected in 2017 and 2018 and has identified two high -
priority drill targets along the Aiviq regional fault zone. One of these targets is located four kilometers
south of the 2018 drill program and has become known as the Shamrock prospect (Figure 2). The
other is located 500 meters southeast of this year’s drill program (Figure 2) and is called Aiviq South.
In addition to drilling, Auryn sampled a number of high-grade boulders down ice of the Aiviq prospect ,
further demonstrating the potential of this regional fault zone (Figure 3). Highlights from the 2018
sampling include 26.3, 13.2 and 12 g/t gold . Table 2 includes a summary of these results. Auryn’s
technical team is currently evaluating the Aiviq South prospect as a potential source area of the high -
grade boulder located down ice of the Aiviq prospect. The Shamrock prospect is supported by high -
grade boulders sampled historically with highlights including 12.89 and 7.61 g/t gold.
Kalulik Summary:
The Kalulik prospect is situated approximately 15 kilometers southwest of Aiviq along the same
regional gold -bearing fault zone. The 2018 drill program at Kalulik identified two separate gold -
bearing hydrothermal systems , four kilometers apart , that inte rsected broad zones of low -grade
mineralization over 10 – 20 meter widths within sulphidized banded iron formations and associated
quartz veining (Figure 10). These results include 21.34 meters at 0.4 g/t gold and 16.76 meters at
0.45 g/t gold. In additio n, the identification of two separate gold -bearing structures speaks to the
potential of the regional fault zone linking Aiviq and Kalulik.
Aarluk Summary:
At the Aarluk prospect the best intercept was 3.05 meters of 3.39 g/t gold, which was encountered in a
weakly sulphidized banded iron formation. Based on the geologic al characteristics observed , no
further work is planned at the Aarluk prospect.
The 2018 drill highlights from each of the prospects is presented below in Table 1.
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Table 1: Summary of 2018 drill results
Significant Intercepts - RAB 2018*
Diamond Drill Hole
Prospect Hole ID From (m) To (m) Interval (m) Au (g/t)
Aiviq 18RG002 122 126.5 4.5 2.93
18RG003 147.5 161 13.5 0.51
18RG004 392.5 394 1.5 2.93
18RG006 172 173.5 1.5 8.95
18RG009 252.5 254 1.5 5.1
18RG012 197 210.5 13.5 1.54
18RG012 231.5 237.5 6 0.44
18RG012 290 293 3 1.90
18RG012 309.5 311 1.5 0.33
18RG015 53.5 55 1.5 3.81
RAB Drill Hole
Prospect Hole ID From (m) To (m) Interval (m) Au (g/t)
Kalulik 18KLR020 54.86 56.39 1.53 0.52
85.34 106.68 21.34 0.40
115.82 121.92 6.1 0.40
164.59 167.64 3.05 0.80
18KLR023 47.24 54.86 7.62 0.92
74.68 91.44 16.76 0.45
18KLR026 47.24 48.77 1.53 0.69
140.21 146.3 6.09 0.66
156.97 163.07 6.1 0.74
167.64 173.74 6.1 0.58
182.88 184.4 1.52 0.71
18KRL027 51.82 53.34 1.52 0.46
65.53 76.2 10.67 0.29
88.39 89.92 1.53 0.48
Aarluk 18AAR014 106.68 109.73 3.05 3.39
*Significant Intercepts - 2018 (minimum grade 0.25ppm, minimum width 1m, max. internal dilution 6m); True widths of
mineralization are unknown based on current geometric understanding of the mineralized intervals
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Table 2: Summary of 2018 rock samples
2018 Rock Highlights
Prospect Sample ID Au ppm Sample ID Au ppm
Aiviq K808025 26.3 K808003 4.46
K808029 13.2 K808108 3.72
K808021 5.94 K808070 3.05
K808017 5.84 K808026 2.25
K808076 5.06 K808067 2.08
Kalulik K808156 12
C.O.O. and Chief Geologist, Michael Henrichsen:
“We feel that we are in a productive gold system at Aiviq due to the strong alteration and fluid flow
observed along this regional fault zone. The strengthening of the widths and mineralization at the
southwest limit, and the new high -resolution till anoma ly at Shamrock, lead us to believe we should
continue exploring along this regional fault zone.
“In addition, the identification of three separate gold -bearing hydrothermal systems under cover at the
Kalulik and Aiviq prospects indicate to us that our t argeting process is leading us in the right direction.
We drilled rocks that we believe have the necessary geologic characteristics to host a significant gold
deposit. The targets drilled this year represent a fraction of the opportunities still available at
Committee Bay based on high -resolution till targets and historical drill intercepts that are still open for
expansion.”
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Figure 1:
Illustrates the Aiviq, Kalulik and Aarluk prospects that were drilled in the 2018 summer drill
program.
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Figure 2:
Two new target area s were defined by high-resolution tills three kilometers southwest and
500 meters to the southeast of the limit of the 2018 drill program, which will be considered
for future drilling.
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Figure 3:
The inset map in the top -right corner illustrates the hydrothermal system drilled at Aiviq and
the red lines show the location of veining and alteration within sulphidized banded iron
formations. The hydrothermal system in general becomes strongest to the southwest, in
terms of widths of gold mineralization, quartz veining and sulphidation within the host
banded iron formation.
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Figure 4:
Illustrates a cross-section of hole 12 at the southwest margin of the drill program where 13.5
meters of 1.54 g/t gold is hosted within a banded iron formation. In addition . three other
thinner zones of mineralization were encountered down hole , demonstrating fluid flow with
associated gold mineralization.