Auryn Resources drills 12.2 meters of 4.7g/t gold in a new discovery 12 kilometers north of the Three Bluffs deposit
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 – September 14th, 2017 – Auryn Resources Inc. (TSX: AUG,
NYSE American: 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 a n interpreted silicified shear zone (Figure 1). These results are
the first step in defining a new dis covery 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 si milar 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 mult i-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 2.5 2
g/t gold was intersected in banded iron formation where there are 3 holes pending assay. This
prospect is located 17 kil ometers 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:
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
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
For further information on Auryn Resources Inc., please contact Jay Adelaar, Vice-President of Investor
Relations at (778) 729-0600 or [email protected]
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.
Figure 1: Illustrates the location of the Aiviq disc overy of 12.2 meters of 4.7g/t Au located 12
kilometers north of the Three Bluffs deposit. In addition, the positive results of 4.57m of 2.52g/t
Au received from the Aarluk prospect located 17 km north of Aiviq demonstrates the emerging
importance of the north – south trending Three Bluffs structural corridor.
Figure 2: Illustrates the high-grade intercept of 12.2 meters at 4.7g/t Au (including 3.05 meters
of 18.08 g/t Au) at the Aiviq prospect situated within an interpreted silicified shear zone.
Importantly, the gold-in-till signature demonstrates that this structure has the potential to be
mineralized over a 7 kilometer long strike length.
Figure 3: Illustrates the targets that have been drilled at the Committee Bay Gold project.
Results that have been reported our highlighted by the yellow text boxes.