By Cory Auryn Resources to file updated Technical Report for Committee Bay
Here is the latest news out of Auryn Resources. The Company is currently drilling the Committee Bay project (as outlined in our prior interview) which will for sure change the overall numbers in the technical report. Read the full release below but also click on the link to listen to our interview from last week that outlined the massive drill program underway.
Click here to listen to the most recent interview.
…Here’s the news…
Vancouver, British Columbia – June 15th, 2017 – Auryn Resources Inc. (TSX: AUG, OTCQX: GGTCF, “Auryn” or the “Company”) announces that it will be filing an updated technical report for the Committee Bay project (the “Report”) prepared by Roscoe Postle Associates Inc (“RPA”). During the process of updating the Report, the Company reviewed the previous resource model and confirmed that there have been no material changes. The current resource for the Three Bluffs deposit is now presented as follows:
Table 1: Update Mineral Resources for the Three Bluffs Deposit as of May 31, 2017
Class
Type
Cut-Off
Tonnes
Gold Grade
Contained Gold
(g/t Au)
(000 t)
(g/t Au)
(oz Au)
Indicated
Near Surface
3.0
1,760
7.72
437,000
Underground
4.0
310
8.57
86,000
Total
2,070
7.85
524,000
Inferred
Near Surface
3.0
590
7.57
144,000
Underground
4.0
2,340
7.65
576,000
Total
2,930
7.64
720,000
Notes:
CIM definitions were followed for Mineral Resources.
Mineral Resources are estimated at cut-off grades of 3.0 g/t Au for open pit and 4.0 g/t Au for underground.
Mineral Resources are estimated using a long-term gold price of US$1,200 per ounce, and a US$/C$ exchange rate of 1:25.
Nominal minimum mining widths of five metres (near surface) and two metres (underground) were used.
Numbers may not add due to rounding.
The Mineral Resource estimate was prepared by RPA for the Three Bluffs deposit as of May 12, 2017. The Mineral Resource is based on work by RPA in 2013 and new cut-off grades based on updated metal price, exchange rate, and operating costs.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES INC.
“Shawn Wallace”
President and CEO
For further information on Auryn Resources Inc., please contact Jay Adelaar, Vice-President of Investor Relations 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 project’s located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in southern Peru, through Corisur Peru SAC.
Michael Henrichsen, P.Geo, COO of Auryn, is the Qualified Person who assumes responsibility for the technical disclosures in this press release.
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Source:: The Korelin Economics Report
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