Auryn Drills Gold-Bearing Hydrothermal System at Committee Bay [Canadian Business Journal (Canada)]
AURYN RESOURCES INC (AUG)
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Source: Canadian Business Journal
Auryn Drills Gold-Bearing Hydrothermal System at Committee Bay CBJ Newsmakers VANCOUVER, British Columbia, Nov. 13, 2018 (GLOBE NEWSWIRE) — Auryn Resources Inc. (TSX: AUG, NYSE AMERICAN: AUG, “Auryn” or the “Company”) is pleased to announce that the company drilled a 1.5 kilometer gold-bearing hydrothermal system at the Aiviq target. A total of 16 diamond drill holes (4,996 meters) consistently intersected the target structure (Figure 2), with the best intercept being 13.5 meters of 1.54 g/t gold (including 6 meters of 3.3 g/t gold) in hole 12 at the southwest margin of the drilling program, leaving the system open in that direction (Figures 3 – 4). Hole 12 also exhibited the most intense alteration and quartz veining along the system. Highlights: Discovery of the gold-bearing hydrothermal system at the Aiviq and Kalulik prospects Identifying that the system strengthens towards the southwest Sampling additional high-grade rock at Aiviq and Kalulik
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