Auryn Delivers Positive Preliminary Economic Assessment for Homestake Ridge Gold Deposit

US$108 Million NPV 5% with IRR of 23.6% at US$1,350/oz Gold; US$670/oz gold AISC[1]

US$173 Million NPV 5% with 32% IRR at US$1,620/oz Gold

US$88 Million Pre-Production Capital Expenditures

VANCOUVER, BC / ACCESSWIRE / April 15, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce positive results from an independent preliminary economic assessment (PEA) and an updated resource estimate for its 100% owned 7,500 hectare Homestake Ridge gold project located in the prolific Iskut-Stewart-Kisault gold belt in northwestern British Columbia, Canada (Figure 1). The PEA demonstrates the project's potential to become a high-grade, small footprint, underground gold mine with positive economics and upside potential from both a rising gold price and prospective expansion.

Published: 15 April 2020
Written by Editor
Mining   Project Update  
Read more: Auryn Resources Inc ( AUG )

Osisko Infill Drilling Returns More High Grade Values In Lynx

TORONTO, April 14, 2020  -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide new infill drilling results from the definition drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
 
Operations remain temporarily suspended in respect of the Government of Québec’s closure of all non-essential business in effort to contain COVID-19. Osisko is ready to resume drilling activities at Windfall once the temporary suspension is lifted. Drilling will remain focused on the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized system.  Additional results from pre-shut down drilling will continue to be released as they become available in the coming weeks. These analytical results are from laboratories outside Québec that have continued sample processing operations.
Published: 14 April 2020
Written by Editor
TSX   Drill Results   Up on News  
Read more: Osisko Mining Inc ( OSK )

OSISKO EXPANSION DRILLING INTERSECTS HIGH GRADE AT WINDFALL

143 g/t Au Over 2.0 Metres in Lynx Extension
35 g/t Au Over 5.3 Metres in Triple Lynx
 
TORONTO, April 07, 2020 -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide new infill drilling results from the definition and expansion drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
 
Operations are temporarily suspended in respect of the Government of Québec’s closure of all non-essential business in effort to contain COVID-19. Osisko is ready to resume drilling activities at Windfall once the temporary suspension is lifted. Drilling will remain focused on the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized system.
Published: 07 April 2020
Written by Editor
TSX   Drill Results  
Read more: Osisko Mining Inc ( OSK )

Bonterra drills 1.7 m of 18.26 g/t Au at Gladiator

Mr. Greg Gibson reports
 
BONTERRA INTERSECTS 18.26 G/T AU OVER 1.7 METRES AT GLADIATOR
 
Bonterra Resources Inc. has released the results of assays received from recently completed drilling at the Gladiator deposit. Results include the intersection of 18.26 grams per tonne (g/t) gold (Au) over an intersection length of 1.7 metres (m).
 
Bonterra had planned an aggressive winter drill program at Gladiator consisting of 12,000 to 15,000 m. The focus was zone delineation and infill drilling aimed at increasing indicated resources and to support planning for future underground exploration. The start of the drill program was delayed due to warm winter temperatures and heavy snowfall which slowed ice making on Barry Lake. Required ice levels were not achieved and drilling was limited to near the shore where Barry Lake was frozen to the bottom. Due to the COVID-19 outbreak, the company terminated the drill program earlier than planned. A total of 2,572 m of drilling was completed in five holes. Two additional holes were only partially drilled and the company is still awaiting these results.
Published: 03 April 2020
Written by Editor
TSX Venture   Drill Results  
Read more: Bonterra Resources ( BTR )

Bonterra Extends Mineralization at Moroy and Intersects 9.24 g/t Au over 2.04 Metres on a Newly Recognized Structure

Val-d'Or, Quebec--(March 31, 2020) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") is pleased to announce results from drilling recently completed at Moroy. The drilling continues to define and extend mineralization on the M1 and M4 structures and has interested mineralization, including 9.24 grams per tonne ("g/t") Au over an intersection length of 2.0 metres ("m"), on a new structure referred to as Moroy 7 ("M7").
 
The M1 structure (see Cross Section and M1 Zone Long Section) is the priority target for delineation and expansion of gold resources and will be the source of a bulk sample. Recent drilling on the M1 has been completed from underground and from surface. Infill and delineation drilling from Level 14 in the M1-2 zone is consistent with currently interpreted limits of mineralization. Recent grades in this area, including 7.19 g/t Au over an intersection length of 2.82 m and 14.4 g/t Au over an intersection length of 0.91 m indicate the potential to realize a grade greater than the current average resource grade. Assays are pending from the lower M1-2 zone. Recent drilling down plunge of the M1-1 zone has intersected unmineralized intrusive rock in the projected position of the mineralization. 
Published: 31 March 2020
Written by Editor
TSX Venture   Drill Results   Up on News  
Read more: Bonterra Resources Inc ( BTR )
  1. Osisko Mining Inc ( OSK )
  2. Osisko Mining Inc ( OSK )
  3. Skeena Resources Limited ( SKE )
  4. First Mining Gold Corp ( FF )
  5. Auryn Resources Inc ( AUG )

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