Auryn Acquires Key Concessions Adjacent to its Curibaya Porphyry Project in Southern Peru

VANCOUVER, BC / August 7, 2019 / Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the “Company”) is pleased to announce that it has acquired a 100% interest, subject to certain historical NSR royalties, in the Sambalay and Salvador concessions which are adjacent to Auryn’s wholly owned Curibaya property (collectively the “Curibaya Project”) in Southern Peru for US$250,000.
A Message from Ivan Bebek, Executive Chairman & Director:
“Curibaya is located within a mineral trend that hosts some of Peru’s largest porphyry deposits, including Freeport McMoRan’s Cerro Verde deposit, Southern Copper’s Cuajone and Toquepala deposits and Anglo American’s Quellaveco deposit.
“We have been interested in these claims since we first acquired the Curibaya property in 2016 due to its highly prospective location and the mineralization identified to date.”
The Sambalay and Salvador concessions total 4,700 hectares and together represent a 2-kilometre by 3.3-km mineralized alteration system that shows affinities to both high-grade copper porphyry and precious metal intermediate sulphidation systems (Figure 1). Historical high-grade sampling includes up to 13.50% copper, 23.6 g/t gold and 14,180 g/t silver (Table 1). Despite these results, Auryn is unaware of any historical systematic exploration or drilling on the properties.
Read more: Auryn Resources Inc ( AUG )

Asanko Gold Reports Q2 2019 Results

VANCOUVER, British Columbia, Aug. 01, 2019 -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG)reports second quarter (“Q2”) 2019 operating and financial results for the Asanko Gold Mine (“AGM”), located in Ghana, West Africa. The AGM is a 50:50 joint venture (“JV”) with Gold Fields Ltd (JSE, NYSE: GFI), which is managed and operated by Asanko.  All amounts are in US dollars unless otherwise stated.
Q2 2019 Asanko Gold Mine Highlights (100% basis)
Record proceeds of $85.6 million generated from record gold sales of 66,337 ounces at an average realized price of $1,290 per ounce
Record gold production of 62,067 ounces, on track to meet 2019 production guidance
All-in sustaining cost1 (“AISC”) of $1,180/oz, with 2019 guidance of $1,040 – $1,060/oz maintained as AISC are expected to drop in Q4 2019 when the Nkran Cut 2 pushback has been substantially completed
Generated EBITDA1 of $35.2 million and operating cash flows before working capital changes of $35.3 million
Net income after tax of $13.6 million
Read more: Asanko Gold Inc ( AKG )

Bonterra Intersects 18.5 g/t Au over 3.0 m at Gladiator and 11.6 g/t Au over 2.9 m at Barry

Val-d'Or, Quebec--(July 22, 2019) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to announce drill results from its ongoing exploration campaign at the Gladiator and Barry Projects. Results released are derived from step-out drilling that intersected mineralized zones situated outside of known mineral resources on both projects.
Recent drilling on the Barbeau Zone, at Gladiator, has extended the mineralization to a depth of 50 meters: Hole BA-19-41 intersected 18.5 g/t Au over 3.0 m and hole BA-19-42 intersected 13.0 g/t Au over 3.0 m, extending the Barbeau Zone by more than 50 meters at depth in mineralized quartz veins with visible Gold. Drill hole BA-19-39 also intersected high-grade mineralization with 7.8 g/t Au over 4.9 m and 12.1 g/t Au over 3.0 m on the South Zone. (See map and sections)
Read more: Bonterra Resources ( BTR )

Initial Results of Saddle North Phase One Drilling Demonstrate Continuity of High-Grade Cu-Au Porphyry from Surface: 500 Metres of 0.91 g/t Au, 0.55 % Cu, 1.34 g/t Ag (1.23 % CuEq; 1.67 g/t AuEq)

VANCOUVER, British Columbia, July 17, 2019 -- GT Gold (TSX-V:GTT) (the “Company” or “GT Gold”) is pleased to announce results from the first six drill holes of its 10,000-metre Phase 1 exploration program, the aim of which is to expand the high-grade Saddle North Cu-Au porphyry discovery at its 100%-owned Tatogga Project. The first six holes of the Phase 1 program have confirmed that the high grades identified in hole TTD108 continue up-dip to surface at Saddle North, and holes TTD116 and 112 show that a direct link of excellent and increasing grades exists between the near-surface mineralization through moderate depths to the deeper and generally highest grade mineralization at Saddle North.
Read more: GT Gold ( GTT )

White Gold Corp. Identifies New District Scale High Grade Gold Trends on and Contiguous to Vertigo Discovery, JP Ross Property

TORONTO, July 11, 2019  -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce it has identified multiple new high-grade gold mineralization trends across its JP Ross property further adding to the Company’s pipeline of regional gold discoveries. The new trends were identified on the Stage Fright, Sabotage, Topaz, and Vertigo targets, all located within 10 km of the Vertigo Discovery. Several additional targets have also been identified on the JP Ross and will be tested in due course. Highlights to date include multiple bedrock samples from trace to 4.65 g/t Au and multiple surface samples from trace to 94.4 g/t Au. These newly discovered mineralized zones were identified using the innovative GT Probe, a proprietary device enabling fast and cost-efficient direct bedrock sampling. These are the first results from the Company’s $13 million fully funded 2019 exploration program, backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC). The 2019 program includes 17,000 metres of diamond drilling which is underway on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) and QV property, Yukon Canada.
Read more: White Gold Corp ( WGO )

Videos / Webinars

View all videos