Auryn to Raise $10 Million and to Amend Bridge Loan

VANCOUVER, BC /  January 21, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company) is pleased to announce that it has arranged a CAD $10 million non-brokered private placement. The placement will consist of approximately 6.3 million common shares (the "Shares") priced at CAD$1.60 per Share to be issued to accredited investors in Canada and overseas.
 
In conjunction with the equity placement, the Company has agreed with the lender under a September 2019 bridge loan (see September 13, 2019 news release) to amend the loan to add mutual conversion rights of the loan into common shares. The loan terms will provide the lender with a convertibility right into common shares, on the $3 million that has been advanced to-date, at the placement price of $1.60, however, the lender may be required to convert if the Company's shares trade on the TSX at a price of $2.50 or more for any five consecutive trading days prior to the loan's maturity date. The lender has also agreed to reduce the interest rate of the loan to 5% per annum. The completion of the placement and loan amendment are subject to execution of agreements, TSX and NYSE approvals and other customary closing conditions.
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Auryn Resources confirms age of Sombero intrusives

Mr. Ivan Bebek reports
 
AURYN CONFIRMS AGE OF MINERALIZING INTRUSIVES AT SOMBRERO DISTRICT EQUIVALENT TO MAJOR DEPOSITS IN THE ANDAHUAYLAS-YAURI BELT
 
Auryn Resources Inc. has identified the age of the intrusives directly associated with mineralization at the Sombero copper-gold skarn project in Peru. Based on results from five uranium-lead samples obtained from diorite sills at the Ccascabamba and Nioc targets, ages range from 38.85 million to 40.47 million years. This places the mineralization within the same Eocene-aged metallogenic event that produced several world-class deposits in the Andahuaylas-Yauri belt, such as Las Bambas. It also establishes that the belt extends over 100 kilometres to the west, where the Sombrero project is located.
 
A message from Michael Henrichsen, chief operating officer and chief geologist:
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GT Gold drills 53 m of 10 g/t Au, 46 g/t Ag at Tatogga

Mr. Paul Harbidge reports
GT GOLD DRILLS 53.73 METRES OF 10.00 G/T AU, 46.84 G/T AG AT SADDLE SOUTH
 
GT Gold Corp. has released results from the final four drill holes from its 15,000-metre phase 2 exploration program at its 100-per-cent-owned Tatogga property in northwest British Columbia. The drill holes were drilled at the Saddle South gold-silver vein system and were the only holes drilled there in the 2019 campaign. All drill holes have now been reported from 2019 drilling at both the Saddle North copper-gold porphyry system and at Saddle South.
 
Drill holes TTD135, TTD137, TTD139 and TTD140 were westerly inclined holes that were drilled obliquely across the general east-west trend of the western part of the westerly plunging Saddle South mineralized vein field, from near the top of Saddle South ridge, close to where the 2017 discovery holes were drilled. The 2019 holes were drilled at high angles to the general trend of previously drilled Saddle South holes. The primary objective was to obtain oriented core data to better understand the controls on mineralization and to collect a representative metallurgical sample from the target.
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Skeena Intersects 14.73 g/t AuEq over 36.85 m at Eskay Creek

VANCOUVER, BC /  January 14, 2020 / Skeena Resources Limited (TSX.V:SKE)(OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce additional gold-silver drill results from the
2019 Phase I surface drilling program at the Eskay Creek Project ("Eskay Creek") located in the Golden Triangle of British Columbia. Four surface drill rigs were utilized for the 2019 Phase I program in the 21A, 21E and HW Zones to infill and upgrade areas of inferred resources to the indicated classification. Drill hole results reported in this release are from the 21A, 21E and HW Zones. Reference images are presented at the end of this release as well as on the Company's website.
 
Phase I Eskay Creek Drilling Highlights:
10.14 g/t Au, 345 g/t Ag (14.73 g/t AuEq) over 36.85 m 21A (SK-19-170)
2.90 g/t Au, 278 g/t Ag (6.60 g/t AuEq) over 57.90 m 21A (SK-19-153)
4.14 g/t Au, 151 g/t Ag (6.15 g/t AuEq) over 61.50 m 21A (SK-19-151)
7.01 g/t Au, 114 g/t Ag (8.53 g/t AuEq) over 37.89 m 21A (SK-19-160)
4.09 g/t Au, 52 g/t Ag (4.78 g/t AuEq) over 59.00 m 21A (SK-19-148)
6.34 g/t Au, 42 g/t Ag (6.91 g/t AuEq) over 34.00 m 21A (SK-19-167)
8.33 g/t Au, 51 g/t Ag (9.02 g/t AuEq) over 18.45 m 21A (SK-19-164)
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Granada Gold Mine Intersects 11.45 g/t Gold Over 33 Meters, Supports Continuity of High-Grade Structures

ROUYN NORANDA, QC, Jan. 9, 2020
 
ROUYN NORANDA, QC, Jan. 9, 2020  - Granada Gold Mine Inc. (TSXV: GGM) (the "Company" or "Granada") is pleased to provide assays results from the last hole in the latest drill program at its 100%-owned Granada gold deposit in Rouyn-Noranda. Unexpected near-surface, high-grade mineralization has been discovered within the recently explored two-kilometer LONG Bars Zone of the five and half kilometer Granada Shear zone which trends east-west on the property.
 
The 450-meter Fall, 2019 drill program focused on testing the gold grade continuity and variability within mineralized structures. The Granada Shear Zone and the South Shear Zone contains, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and half kilometers. Three of these structures were mined historically from two shafts and two open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 5 to 3.5 grams per tonne gold.
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