VANCOUVER, BC /  September 3, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce that it has completed the purchase of six Sombrero copper-gold concessions in southern Peru that had been optioned in 2016 from Alturas Minerals S.A. ("Alturas") (TSX-V: ALT, LMA: ALT) (Figure 1). The final option payment of US$5,000,000 due to Alturas was reduced to approximately US$3,000,000 in consideration of early exercise of the option. Payment will be made through the issuance of 1,100,000 Auryn common shares negotiated at C$2.90 and US$621,466 in cash. The shares are subject to a 4-month resale restricted period in Canada and will not be registered in the United States.

 

A Message from Ivan Bebek, Executive Chairman & Director of Auryn:

 

"We view Sombrero as a district-scale exploration opportunity and are pleased to exercise the Alturas option agreement with a discount to the final payment.

 

"Cleaning up our ownership will streamline the process of obtaining the remaining permits needed for drilling, which we anticipate in the first quarter of 2021.

Ottawa, Ontario-- September 2, 2020 - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to report additional surface exploration results on the Company's 100%-owned Pallador property (the "Property") in the Troilus-Frotet area, Quebec.

 

Over the course of the summer, UrbanGold geologists have been conducting geological mapping and surface exploration on several blocks of the Property, including the main block located next to the Kenorland Minerals recent Regnault gold discovery, where drilling intersected 8.47 g/t Au over 29 metres and further extended mineralization southward to within 400 metres of the UrbanGold ground. (Kenorland Minerals July 29, 2020 and August 31, 2020 news releases).

 

The UrbanGold exploration team has located several additional mineralized boulders on this main block that have assayed up to 102 g/t Au (quartz) with best results shown in the table below. Some of these boulders are quite large (8m in length) indicating a possible nearby source. Outcrop exposure in the area is poor. Nevertheless, two nearby outcrops consisting of felsic intrusives have been located and are considered an encouraging sign given that some mineralization on the nearby Kenorland discovery has been reported within this type of lithology.

Vancouver, British Columbia--(September 1, 2020) - Blackrock Gold Corp. (TSXV: BRC) (the "Company") is pleased to provide an update on its maiden drill program at the 100% controlled Tonopah West project located in the Walker Lane trend of Western Nevada.

 

HIGHLIGHTS:

 

TW20-006 at the Paymaster vein returned 1,577 g/t silver equivalent (AgEq) over 4.6 metres including 3.0 metres grading 2,215 g/t AgEq. TW20-006 also intersected a second vein yielding 1.5 metres of 1,670 g/t AgEq.;

The Denver vein assayed 1.5 metres grading 345 g/t AgEq in drillhole TW20-005, and TW20-004 yielded 1.5 metres grading 245 g/t AgEq;

Though TW20-007 experienced significant deviation from the targeted Bermuda vein, it still intersected 1.5 metres grading 387 g/t AgEq of a previously unknown vein. The Denver, Paymaster, and Bermuda ("DPB") veins, in addition to the new vein encountered, represent the Company's DPB Target;

VANCOUVER, BC /  September 1, 2020 / GATLING EXPLORATION INC. (TSXV:GTR)(OTCQX:GATGF) (the "Company" or "Gatling) is pleased to announce that it has completed its detailed analysis of magnetic and Lidar surveys and has generated multiple new structural targets for drill testing. A total of 5 high-priority target areas have been identified, including potential extensions to the Cadillac-Larder Lake Break (CLLB), which hosts Gatling's three existing, high-grade gold deposits, as well as areas that have not seen any prior exploration. The analysis has also provided further definition in the Kir Vit area, 6 kilometers north of the CLLB, where the Company recently discovered two new gold trends and hit mineralization in thirteen holes (see Gatling news release dated March 2, 2020).

 

News Highlights

 

New Structural Targets Identified for Future Drill Testing. Several new structural targets, interpreted as secondary faults, have been identified adjacent to the CLLB. These secondary faults are coincident with surface gold anomalies and lithological contacts and have not been previously drill tested (Figures 1 & 2).