Auryn to Commence Drilling at Committee Bay Gold Project
Auryn to Commence Drilling at Committee Bay Gold Project
Vancouver, British Columbia – July 9, 2018 – Auryn Resources Inc. (TSX: AUG, NYSE American:
AUG) (“Auryn” or the “Company) is pleased to announce that it will commence drilling at its
Committee Bay gold project on July 15, 2018. The drill program will test six targets and consist of
approximately 10,000 meters, which will include a combination of diamond drill core (6000 meters) and
rotary air blast (RAB) drilling (4000 meters). The program is following up on the 2017 Aiviq discovery
(12.2m of 4.7g/t gold 1) as well as exploring the Kalulik, Tulugaq, Aarluk, Castle Pebble and Koffy
prospects (Figure 1), which were identified through gold assays of the 2017 high resolution (100 meter
by 100 meter)) till sampling.
A Message from Auryn’s Executive Chairman and Director:
Ivan Bebek stated, “ We are very excited about t his year’s drill program as we will be following up on
three years of extensive exploration, a new high-grade discovery at our Aiviq prospect that we made
last year and f ive additional targets. The drill targets notably have been refined through the tighter -
spaced surface sampling assay results received during the off-season.”
Mr. Bebek further stated , “Our portfolio of projects once again be comes live with drilling for potential
high-grade gold discoveries in Canada while we are continuously receiving new results from our
Sombrero project in Peru.”
The Drill Plan:
The Company has identified six target areas for approximately 10,000 m of drilling, which is presented
below in Table 1 and in Figures 2 – 7. The drill program is based primarily on gold assays from the
high resolution tills, boulder mapping, and previous drill intercepts. This drill plan is subject to change
based on observations made during the program.
Table 1:
Prospect Meters* Number of drill holes
Aiviq Discovery Follow-up 3200 12 (diamond drill holes)
Aiviq Exploration 1800 9
Kalulik 1800 9
Tulugaq 600 3
Aarluk 1200 6
Castle Pebble 800 4
Koffy 600 3
1 See Auryn’s press release dated September 14, 2017.
Further Surface Work:
Further high-resolution till sampling is planned for the West Plains and Anuri prospects both of which
have historical high -grade drill intercepts. The aim of this surface work is to continue to develop the
next series of drill targets as the Compa ny’s technical team believes these prospects have excellent
potential for a major discovery (see Figure 8). In addition, regional till sampling (500 meter by 1
kilometer spaced samples) will occur to the northeast of the Inuk prospect to determine the potential for
additional discoveries in the northeast portion of the belt (Figure 8).
Michael Henrichsen (Chief Operating Officer), P.Geo is the QP who assumes responsibility for the
technical contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES INC.
Ivan Bebek
Executive Chairman and Director
For further information on Auryn Resources Inc., please contact Natasha Frakes, Manager of Corporate
Communications 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 experi enced 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 G ibson 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 and additional cautionary language
This release i ncludes 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 associa ted
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) fro m 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, 2017 and subsequent continuous disclosure filings with the Canadian Securities Administrators available
at www.sedar.com and the Company’s re gistration statement on Form 40 -F filed with the United States Securities and
Exchange Commission and available at www.sec.gov.
Disclaimer
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this
release.
Figure 1: Illustrates the 2018 summer drill plan for the Committee Bay gold project based on gold
results from high resolution (100 m²) till samples.
Figure 2: Illustrates the follow -up drill plan at the 2017 Aiviq discovery . Other targets within the Aiviq
shear zone corridor are depicted by green drill c ollars. Drilling from 2017 is identified by black drill
collars.
Figure 3: Illustrates the drill plan at the Kalulik prospect a nd is depicted by green drill collars. Drilling
from 2017 is identified by black drill collars.
Figure 4: Illustrates the drill plan at the Tulugaq prospect as depicted by green drill collars. Drilling
from 2017 is identified by black drill collars.
Figure 5: Illustrates the drill plan at the Aarluk prospect as depicted by green drill collars that are
following up on a gold bearing magnetic band that had 4.5 meter intercept of 2.5 g/t from the 2017 drill
program. Drilling from 2017 is identified by black drill collars.
Figure 6: Illustrates the drill plan at the Castle Pebble prospect as depicted by green drill collars.
Drilling from 2017 is identified by black drill collars.