Rockridge Drills 28.0 g/t Gold Over 6.0 Metres at 95 Metres Vertical Depth in New High Grade Discovery at its Raney Gold Project, SW of Timmins, Ontario
- Published: 29 April 2020
- Written by Editor
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.