Auryn Provides Corporate Update
VANCOUVER, BRITISH COLUMBIA--(Feb 22, 2016) - Auryn Resources Inc. (TSX VENTURE:AUG) (OTCQX:GGTCF "Auryn" or the "Company") is pleased to provide a corporate update and further information about its proposed 2016 exploration plans.
Committee Bay
Auryn's ongoing analysis of both the 2015 summer work program and comprehensive review of historical data has led to the identification of a number of large scale multi-kilometer long targets at Committee Bay that will provide the focus of the upcoming 2016 work program.
- In the Southwest part of the Committee Bay gold belt, within the +20 km long elevated gold-in-tills Anuri corridor, Auryn has identified a north/ south trending set of structures that have provided clear drill targets (figure 1).
- In the Three Bluffs region of the belt, a thorough review of the historical data within a 30 km by 20 km area surrounding the deposit has identified four multi-kilometer long trends of gold mineralization in rocks and tills (figure 2). These trends will provide a clear focus in 2016 as Auryn begins work in the Three Bluffs region of the belt.
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At the Three Bluffs deposit, a re-inversion of the induced polarization and magnetic geophysical surveys has identified a previously unrecognized continuation of the structure that hosts the deposit 5km to the east. The identification of this through-going structure has provided the potential to expand the deposit significantly.
- Published: 22 February 2016
- Written by Editor