{"id":505916,"date":"2017-06-16T12:43:00","date_gmt":"2017-06-16T12:43:00","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=505916"},"modified":"2017-06-16T12:43:00","modified_gmt":"2017-06-16T12:43:00","slug":"company-news-fri-16-jun-2017-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=505916","title":{"rendered":"Company News – Fri 16 Jun, 2017"},"content":{"rendered":"

By Cory<\/a><\/span> Auryn Resources to file updated Technical Report for Committee Bay<\/p>\n

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.<\/p>\n

Click here to listen to the most recent interview. <\/a><\/p>\n

\u2026Here’s the news\u2026<\/p>\n

Vancouver, British Columbia \u2013 June 15th, 2017 \u2013 Auryn Resources Inc. (TSX: AUG, OTCQX: GGTCF, \u201cAuryn\u201d or the \u201cCompany\u201d) announces that it will be filing an updated technical report for the Committee Bay project (the \u201cReport\u201d) prepared by Roscoe Postle Associates Inc (\u201cRPA\u201d). 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:<\/p>\n

Table 1: Update Mineral Resources for the Three Bluffs Deposit as of May 31, 2017<\/p>\n

Class
\nType
\nCut-Off
\nTonnes
\nGold Grade
\nContained Gold<\/p>\n

(g\/t Au)
\n(000 t)
\n(g\/t Au)
\n(oz Au)<\/p>\n

Indicated
\nNear Surface
\n3.0
\n1,760
\n7.72
\n437,000<\/p>\n

Underground
\n4.0
\n310
\n8.57
\n86,000<\/p>\n

Total<\/p>\n

2,070
\n7.85
\n524,000<\/p>\n

Inferred
\nNear Surface
\n3.0
\n590
\n7.57
\n144,000<\/p>\n

Underground
\n4.0
\n2,340
\n7.65
\n576,000<\/p>\n

Total<\/p>\n

2,930
\n7.64
\n720,000<\/p>\n

Notes:<\/p>\n

CIM definitions were followed for Mineral Resources.
\nMineral Resources are estimated at cut-off grades of 3.0 g\/t Au for open pit and 4.0 g\/t Au for underground.
\nMineral Resources are estimated using a long-term gold price of US$1,200 per ounce, and a US$\/C$ exchange rate of 1:25.
\nNominal minimum mining widths of five metres (near surface) and two metres (underground) were used.
\nNumbers may not add due to rounding.<\/p>\n

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.<\/p>\n

ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES INC.<\/p>\n

\u201cShawn Wallace\u201d
\nPresident and CEO<\/p>\n

For further information on Auryn Resources Inc., please contact Jay Adelaar, Vice-President of Investor Relations at (778) 729-0600<\/a> or info@aurynresources.com<\/a><\/p>\n

About Auryn<\/p>\n

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.<\/p>\n

Michael Henrichsen, P.Geo, COO of Auryn, is the Qualified Person who assumes responsibility for the technical disclosures in this press release.<\/p>\n

<p class="m_8358259499390532039footnote\u201dMineral m_8358259499390532039Resources: m_8358259499390532039The m_8358259499390532039Mineral m_8358259499390532039Resources m_8358259499390532039disclosed m_8358259499390532039in m_8358259499390532039this m_8358259499390532039press m_8358259499390532039release m_8358259499390532039have m_8358259499390532039been m_8358259499390532039estimated m_8358259499390532039by m_8358259499390532039Mr. m_8358259499390532039David m_8358259499390532039Ross, m_8358259499390532039P.Geo., m_8358259499390532039an m_8358259499390532039employee m_8358259499390532039of m_8358259499390532039RPA m_8358259499390532039and m_8358259499390532039independent m_8358259499390532039of m_8358259499390532039Auryn m_8358259499390532039Resources. m_8358259499390532039By m_8358259499390532039virtue m_8358259499390532039of m_8358259499390532039his m_8358259499390532039education m_8358259499390532039and m_8358259499390532039relevant m_8358259499390532039experience, m_8358259499390532039Mr. m_8358259499390532039Ross m_8358259499390532039is m_8358259499390532039a m_8358259499390532039\u201cQualified m_8358259499390532039Person\u201d m_8358259499390532039for m_8358259499390532039the m_8358259499390532039purpose m_8358259499390532039of m_8358259499390532039National m_8358259499390532039Instrument m_835825949939053203943-101. m_8358259499390532039The m_8358259499390532039Mineral m_8358259499390532039Resources m_8358259499390532039have m_8358259499390532039been m_8358259499390532039classified m_8358259499390532039in m_8358259499390532039accordance m_8358259499390532039with \u2026read more<\/a> <\/p>\n

Source:: The Korelin Economics Report<\/a><\/p>\n

The post <\/a>Company News – Fri 16 Jun, 2017<\/a> appeared first on Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/505916"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=505916"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/505916\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=505916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=505916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=505916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}