Nov 29 2016
Auryn Resources Inc. (TSX:AUG)(OTCQX:GGTCF) ("Auryn" or the "Company) is pleased to announce results from its belt wide till sampling program at the Committee Bay Gold Project located in Nunavut, Canada. The program was designed to screen the belt for the highest grade gold-in-till signatures to establish the priority sequencing for drill targets that could represent significant mineralized systems along the 300km Committee Bay greenstone belt.
Auryn COO & Chief Geologist, Michael Henrichsen commented, "Auryn's belt wide till sampling program has identified 17 significant gold-in-till anomalies that represent large-scale mineralized systems within the Committee Bay gold belt. Our 2017 exploration program will be scaled to test each of the 17 multi-kilometer targets."
A total of 6450 till samples from the 2015 and 2016 till sampling programs identified 17 multi-kilometer long targets within 5 structural corridors across the belt defined by the 98th percentile of the results (see Figures 1 - 4). Fifteen percent of the belt still remains to be surveyed during the 2017 summer program. In conjunction with the till survey, selected areas were rock sampled to ascertain potential grades of mineralization within the identified till anomalies (see Auryn News Release Nov 25, 2016).
In the southwest region of the Committee Bay gold project, a total of 9 high priority gold-in-till anomalies have been identified. The previously recognized 20 km long north south trending gold-in-till structural corridor at Anuri has been extended to 30 km in length with a new anomaly being identified 10 km to the south of anomalies identified in 2015 (Figure 2).
A cluster of three new till anomalies were identified in the vicinity of Quartzite Ridge that have not seen any historical work. Finally, a very well defined till anomaly was identified in the Four Hills region that has a very similar dispersion pattern to that observed from the Three Bluffs deposit in the central part of the belt. This anomaly has not been drill tested. Historical drilling 5 km to the west of the Four Hills anomaly intersected 10.6 meters of 2.37g/t Au in an area of a weaker gold-in-till signature (Figure 5).
In the central region of the Committee Bay belt, in the vicinity of the Three Bluffs deposit, six gold-in-till anomalies were identified with four of them having seen no previous historical work (Figure 3). Till anomalies identified in the Three Bluffs deposit region demonstrate that there is a prominent north-south trend to mineralization situated along a set of secondary structures identified in the 2016 high resolution magnetics and EM airborne geophysical survey (Figure 6) defined by the Ridge, Prospector, Kanosak, Avinngaq, Orca, and Three Bluffs deposit anomalies. These till anomalies have demonstrated high grade potential form both historical and 2016 boulder and rock sampling. A second prominent northeast trend of mineralization has also been discovered on a set of northeast trending fault zones, defined by the Castle Rock East and Kallulik anomalies (Figure 6).
In the northeast region of the belt, two multi-kilometer long till anomalies were identified to the south of the Inuk prospect where previous drilling intersected 16m of 12g/t Au. These two anomalies are very significant in that they are located to the south of all previous historical gold bearing rock samples and till samples outlining potential new source areas in this region of the Committee Bay gold project (Figure 4).