Intersects 2.23 g/t Gold over 33.0 Metres at the Miller Prospect on the Goldlund Property

 

VANCOUVER, BC /  February 11, 2020 / First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) is pleased to announce the remaining results from the drill program completed at the Miller prospect ("Miller"). Miller forms part of the Company's wholly-owned Goldlund property ("Goldlund") in Ontario, Canada and is located 10 kilometres northeast and along strike of the current resource area at Goldlund.

 

Latest highlights from holes drilled at Miller include:

 

Hole MI-19-040 intersected 1.35 grams per tonne gold ("g/t Au") over 59.0 metres ("m")

Including 2.23 g/t Au over 33.0 m and 44.07 g/t Au over 1.0 m

Hole MI-19-034 intersected 1.62 g/t Au over 12.0 m

Including 18.07 g/t Au over 1.0 m

VANCOUVER, CANADA /  February 10, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce that it has received its environmental permit, the Declaración de Impacto Ambiental ("DIA"), from the Peruvian Ministry of Energy and Mines for its Sombrero copper-gold project in Southern Peru. The DIA covers an area of 1,031 hectares and allows the Company to drill up to 33 holes from 23 platforms on the Ccascabamba Sombrero Main target area, where Auryn has completed the majority of its work to-date within the 130,000 hectare land package (Figure 1).

 

The next step required in the permitting process is to obtain the authorization for Inicio de Actividades ("Start of Activities"), which was filed with the authorities last week. Included in this step is the Consulta Previa ("Social Consultation"), which will be the government authority's confirmation that the community supports the upcoming drill program as well as future exploration activities. Auryn has prioritized efforts to achieve excellent relations within the Huanca Sancos community through a number of beneficial social programs.

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.

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: