Company News – Thu 14 Jun, 2018

By Cory댊

High-resolution Till-sampling Results in Refined Drill Targets for 2018 at Committee Bay

I have received a number of questions for Ivan but unfortunately with my recent travel schedule and Ivan’s we have been unable to lock down a time. The good news is that we have a call planned for next week where we will address the questions that have come in as well as the recent news. This includes the news release from today which is below.

If you have any additional questions for Ivan please email me directly at Fleck@kereport.com.

Click here to visit the Auryn website for more Company information.

…Here’s the news…

Vancouver, British Columbia – June 14, 2018 – Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the “Company”) is pleased to announce that high-resolution till sampling has become an integral layer of data for six targets at Committee Bay, Nunavut. These targets include the already disclosed Aiviq sampling, which was drilled in 2017.

The gold assay results from the high-resolution (100 meter by 100 meter spacing) till surveys across nine regional targets (Figure 1) demonstrate greater precision for identifying the potential source areas of high-grade gold mineralization seen throughout the belt. The results of the surveys have delineated gold-in-till anomalies that are consistent with the size of potential deposit footprints and will form the basis of future drill campaigns at Committee Bay.

A Message from Auryn’s Executive Chair:

Executive Chairman and Director Ivan Bebek stated, “These results significantly improve our level of understanding of the 300km long Committee Bay gold project and better positions us for potential discovery. The tighter-spaced till sampling has demonstrated just how close we were to the potential sources of gold during the 2017 drill campaign.”

Mr. Bebek further stated, “We are looking forward to confirming our theory in our 2018 drill program, which we are currently planning.”

The Use of High-Resolution Tills to Redefine Targets:

Originally, the high-resolution tills were collected during the 2017 summer exploration program to be analyzed using portable X-Ray fluorescence technology. After receiving the results from the Aiviq discovery drill hole (12.2 meters at 4.7g/t Au), Auryn sent the high-resolution tills to ALS laboratories for ICP to analyze for gold. The gold results demonstrated that the high-grade discovery drill hole spatially overlapped with the gold results from the high-resolution tills. In addition, these results also redefined targets that had not been adequately drilled in 2017 (Figure 2).

Five of the nine regional targets have returned discrete new gold targets from the high-resolution tills. These incl ude the Koffy, Kalulik, Aarluk, Kanosak, and Castle Rock target areas (Figures 3 – 7).

A Message from Auryn’s Chief Geologist:

Michael Henrichsen, COO and Chief Geologist stated, “Auryn’s technical team considers the high-resolution till data as a critical step in our exploration process to delineate source areas of gold mineralization under till cover. Ultimately, we feel the drill results from the 2017 summer campaign did not explain the strength of a number of the till anomalies associated with high-grade gold in boulders. We feel the new high-resolution gold-in-till results will lead us to the bedrock sources of mineralization.”

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.

Ivan Bebek
Executive Chairman

For further information on Auryn Resources Inc., please contact Natasha Frakes, Manager of Corporate Communications at (778) 729-0600 or info@aurynresources.com


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 and additional cautionary language

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.

2017 pXRF tills Au assay – Samples (250g) of unweathered till were collected from 20-30cm depth in frost boils at 100m sample spacing. Pebbles (>1cm) were removed in the field. Samples were not collected in areas of glaciofluvial or fluvial reworking. Collected samples were sent to ALS Laboratories in Vancouver BC for preparation and analysis. All samples are screened using 600µm screen and analyzed using 50g nominal weight trace level Au by aqua regia extraction and ICP-MS finish method (Au-TL44) on a -600µm fraction. QA/QC programs using internal standard samples, field and lab duplicates, re-assays, and blanks indicate good overall accuracy and precision.

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 regional target areas that were analyzed for gold using high-resolution till samples.

Figure 2: Illustrates the progression of targeting at the Aiviq prospect from the regional till target area defined by the red color on the left to far more discrete drill targets defined by the blue polygons on the right-hand side of the image based on the high-resolution till images.

Figure 3: Illustrates the progression of targeting at the …read more

From:: The Korelin Economic Report

Chris Temple from The National Investor – Thu 14 Jun, 2018

By Cory댊 Decoding The Fed and ECB Statements For The Markets

Now that we have the Fed and ECB statements behind us Chris Temple and I recap what was said and the plans on the table. With the continued trend of slightly more hawkish the Fed had one comment that was very important. We discuss how the markets reacted to the statements but more importantly what the strategy needs to be moving forward for investors.

On another note I am back from the site visit! It was a valuable trip which I will have more information on in the coming weeks. Please keep the emails coming, I’m sorry for falling a little behind while on site.

Download audio file (2018_06_14-Chris-Temple.mp3)

Click here to visit Chris’s website for more market commentary.

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From:: The Korelin Economic Report

Jimmy Song – Bitcoin Developer – Thu 14 Jun, 2018

By Cory댊 The Importance of the Lightning Network For Cryptocurrencies

Bitcoin developer Jimmy Song joins me today to discuss the important aspects and features of the Lightning Network for the overall cryptocurrency sector. The Lightning Network is known for the huge increase is speed but there are some other features Jimmy points out, like privacy and security, that are crucial to the continued acceptance of cryptocurrencies.

Download audio file (2018_06_13-Jimmy-Song.mp3)

Click here to visit Jimmy’s YouTube channel for more great cryptocurrency information.

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From:: The Korelin Economic Report

Big Al’s best reads – Wed 13 Jun, 2018

By Big Al Remember what Nemorovski said about doing away with the two party system? Here is what The New York Times now says.

US could use an overhaul of its parties and politics

BY DAVID BROOKS

New York Times

There are a bunch of different ways to do democracy. In Western Europe, most countries have proportional representation and a lot of different parties representing voter interests. In this country we’ve gone with a two-party system and winner-take-all elections.

During the middle of the 20th century, it seemed like we’d chosen the right approach. The proportional multiparty system allowed an extremist named Adolf Hitler to rise to power with the initial support of a tiny fraction of Germany’s voters. Both American parties, meanwhile, seemed to bend toward compromise, knowing they had to win over the median voter in order to get to 50.1 percent majorities.

But even then, as Lee Drutman of the think tank New America points out, America really had a four-party system. There were liberal Republicans from places like the Northeast and conservative Republicans from the West. There were liberal Democrats on the coasts and conservative Democrats from the South. The four groups floated into different legislative coalitions depending on the issue and the moment, allowing for flexible bipartisan majorities.

Now the two-party system has rigidified and ossified. The two parties no longer bend to the center. They push to the extremes, where the donor bases and their media propaganda arms are. More and more people feel politically homeless, alienated from both parties and without any say in how the country is run.

Moreover, the whole way of practicing politics has been transformed. Each party imagines that it is one wave election from destroying the other side and gaining total power. Therefore, as Drutman notes, there’s no interest in compromise, just winning and losing, gloating and seething.

Partisans’ chief interest is in proving that the other party is despicable – in ramping up fear, hatred and the negative polarization that is the central feature of contemporary American politics.

The result is that people, especially the young, lose faith in democratic norms altogether. There are more than 6,000 breweries in America, but when it comes to our politics, we get to choose between Soviet Refrigerator Factory A and Soviet Refrigerator Factory B.

The good news is that we don’t have to live with this system. There’s nothing in the Constitution that says there have to be only two parties. There’s nothing in the Constitution about parties at all. There’s not even anything in the Constitution mandating that each congressional district have only one member and be represented by one party. We could have a much fairer and better system with the passage of a law.

The way to do that is through multi-member districts and ranked-choice voting. In populous states, the congressional districts would be bigger, with around three to five members per district. Voters would rank the candidates on the ballot. If no candidate had a majority of first-place votes, then the candidate with the fewest first-place votes would be eliminated. Voters who preferred that candidate would have their second-choice vote counted instead. The process would be repeated until you get your winners.

This system makes it much easier for third and fourth parties to form, because voting for a third party no longer means voting for one with no chance of winning. You get a much more supple representation of the different political tendencies that actually exist in the country.

Follow David Brooks on Twitter: @nytdavidbrooks

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From:: The Korelin Economic Report

Ryan Ko elaborates on recent news from Corvus Gold – Wed 13 Jun, 2018

By Big Al

Corvus Gold Press Release issued June 13, 2018

Corvus Gold, Drills 18.3 Metres @ 4.02 g/t Gold, West Zone Stepout Hole, Mother Lode Project, Nevada

Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces it has received further results from its resource expansion drilling program on the western and eastern sides of the Mother Lode deposit (Figure 1). The western expansion zone hole ML18-067 returned 18.3 metres @ 4.02 g/t gold, intersecting the Main Zone in the western most hole reported to date (Table 1). Additionally, within the same hole a continuation of the expanding lower grade oxide zones above the higher grade Main Zone were displayed with separate intercepts of 25.9m @ 0.68 g/t gold & 30.5m @ 0.67 g/t gold. This hole along with hole ML18-060 (24.4m @ 3.1 g/t gold), drilled 70 metres to the northeast, continue to show the trend of increasing grade as we drill to the west, outlining a new high-grade center to the deposit.

The results from the east side of the deposit have shown a continuation of mineralization to the northeast along the projection of the Fluorspar Canyon Fault (FCF) as illustrated by hole ML18-064 (10.7m @ 1.42 g/t gold). In addition, hole ML18-066 has extended the near surface eastern higher-grade zone to the south of previous hole ML18-046 (30.5m @ 2.05 g/t gold) outlining some early opportunity expansion for the future mine plan.

With the continued success of the Mother Lode drill program and as a result of the Company’s recent financing (CDN$4.5M @ $2.60/share, see press release dated June 7, 2018) the phase III program is currently being planned to complete 30,000 metres of resource stepout drilling beginning in early September.With the current phase II drill program, extending through August the project will now have continuous drilling activity for the foreseeable future.

Jeff Pontius, President and CEO of Corvus states “The new stepout results to the west and east at Mother Lode continue to show an expanding deposit. The result in hole ML18-067 continue to highlight increasing grade to the west and at depth along the main north northeast, west dipping, FCF/dike trend. This expanding high-grade center appears to the primary feeder structure for the Mother Lode deposit and has potential at depth to transition into a larger deposit. This large deep target will be tested in the phase three program with a series of deep core holes with what we believe is the potential to significantly change the scope of the Mother Lode deposit.”

Table 1
Phase II – Mother Lode Significant Drilling Results
(Reported intercepts are not true widths as there is currently insufficient data to calculate true orientation in space. Mineralized intervals are calculated using a 0.3 g/t cutoff unless otherwise indicated below)

Drill Hole # from (m) to (m) Interval (m) Gold (g/t) Silver (g/t) Comment
ML18-064 AZ
085 dip-65
294.13 315.47 21.34 0.97 n/a East of ML17-033
Main Zone
inc 294.13 304.80 10.67 1.42 n/a 1 g/t cut
320.04 323.09 3.05 0.43 n/a Lower OX Zone
367.28 370.33 3.05 0.74 n/a Lower OX Zone
373.38 377.95 4.57 0.30 n/a Lower OX Zone
ML18-065 AZ 085 dip-50 33.53 36.58 3.05 0.59 n/a East of ML17-042
Upper OX Zone
ML18-066 AZ 085 dip-50 0.00 15.24 15.24 1.56 n/a South of ML18-046
Upper OX Zone
inc 0.00 9.14 9.14 2.24 n/a 1 g/t cut
68.58 79.25 10.67 0.92 n/a Main Zone
inc 76.20 79.25 3.05 1.30 n/a 1 g/t cut
105.16 108.20 3.05 0.73 n/a Lower OX
149.35 155.45 6.10 0.61 n/a Lower OX
ML18-067 AZ 085 dip-70 201.17 227.08 25.91 0.68 n/a West of ML18-045
Upper OX Zone
inc 222.50 225.55 3.05 1.18 n/a 1 g/t cut
233.17 263.65 30.48 0.67 n/a New Zone
inc 257.56 262.13 4.57 1.15 n/a 1 g/t cut
297.18 316.99 19.81 3.76 n/a Main Zone
inc 298.70 316.99 18.29 4.02 n/a 1 g/t cut

Figure 1. Plan map showing recent drill holes on Mother Lode Project with exploration target area

Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), has supervised the preparation of the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Pontius is not independent of Corvus, as he is the CEO & President and holds common shares and incentive stock options.

Carl E. Brechtel, (Nevada PE 008744 and Registered Member 353000 of SME), a qualified person as defined by NI 43-101, has coordinated execution of the work outlined in this news release and has approved the disclosure herein. Mr. Brechtel is not independent of Corvus, as he is the COO and holds common shares and incentive stock options.

The work program at Mother Lode was designed and supervised by Mark Reischman, Corvus Gold’s Nevada Exploration Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project log and track all samples prior to sealing and shipping. Quality control is monitored by the insertion of blind certified standard reference materials and blanks into each sample shipment. All resource sample shipments are sealed and shipped to American Assay Laboratories (AAL) in Reno, Nevada, for preparation and assaying. AAL is independent of the Company. AAL’s quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Finally, representative blind duplicate samples are forwarded to AAL and an ISO compliant third-party laboratory …read more

From:: The Korelin Economic Report

Company Updates From Management – Tue 12 Jun, 2018

By Cory댊 Energold Drilling – Update On The Drilling Environment From Exploration Companies

While I’m currently on a site visit I figured I could get a more general Company update posted… I have recieved a couple questions on Energold and its other company Impact Silver. To start we get an update from Energold.

Energold is a drilling services company which I find useful to get an inside look at the drilling environment in the resource sector. Fred Davidson, President and CEO of Energold, shares his insights from current and upcoming contracts signed. We also look at the recent financials that have started to turn around for the Company.

Download audio file (2018_06_12-Fred-Davidson-Energold-Drilling.mp3)

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From:: The Korelin Economic Report

Ryan Wilday – Cryptrocurrency Technician – Mon 11 Jun, 2018

By Cory댊 Bitcoin Is In Full Breakdown Mode

Technical analysts over at Vai’s Elliot Wave Trader website Ryan Wilday shares his thoughts on the breakdown in Bitcoin. After falling 10% over the weekend Ryan says that it is in full breakdown mode. He also points out that other cryptocurrencies are performing well so it is not the whole sector overall.

Download audio file (2018_06_11-Ryan-Wilday.mp3)

Click here to visit Avi’s site.

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From:: The Korelin Economic Report

Raghee Horner – SImpler Trading – Mon 11 Jun, 2018

By Cory댊 Key Considerations For Tech, Small Cap, and Energy

Raghee Horner, Future and Currency Expert at Simpler Trading joins me to discuss the possibility of the uptrends for tech. small caps and oil to continue. Oil is a key market as the recent pullback has been fast but not broken the overall chart. Raghee also points out that an OPEC is only a couple weeks away which could lead to some more volatility.

Download audio file (2018_06_11-Raghee-Horner.mp3)

Click here to visit the Simpler Trading website.

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From:: The Korelin Economic Report