Auryn discovers gold zone near Three Bluffs

Auryn Resources Inc. Sep. 14 reported results from discovery drilling at Aiviq, a prospect 12 kilometers (7.5 miles) north of the Three Bluffs deposit at the Committee Bay gold project in Nunavut.

One hole drilled at Aiviq, 17RGR003, cut 12.2 meters of 4.7 grams per metric ton gold.

The mineralization at Aiviq is situated along a regional shear zone that is defined by a 7,000 meter long gold-in-till anomaly. Auryn drilled a single drill fence across the zone this year, with 17RGR003 being the only hole that cut through the shear zone.

In addition to the high-grade intercept, this hole cut a 100 meter wide zone of lower grade structures that demonstrate the overall strength and potential of the gold bearing system. Auryn believes that a follow up drill program along this shear zone is highly warranted given the similar nature of the till signatures and comparable high grade gold values to those found at the Three Bluffs deposit.

"We view this high-grade intercept as the first step to defining a significant new discovery at Committee Bay and are looking forward to aggressively exploring the 7-kilometer-long gold-in-tills anomaly along the mineralized shear zone in 2018," said Auryn COO Michael Henrichsen. "The proximity of the Three Bluffs deposit with this new discovery creates the potential for a multi-deposit scenario utilizing common infrastructure as we expand the Three Bluffs resource and continue our exploration efforts at Aiviq."

In addition to Aiviq, positive results were received from the Aarluk, a prospect 17 kilometers (10.5 miles) north of Aiviq.

One hole drilled at Aarluk cut 4.57 meters of 2.52 g/t gold.

Assays from another three holes drilled there are pending.

Auryn said these results indicate the importance of a 30-kilometer- (19 miles) long structural corridor from Three Bluffs through to Aarluk.

Auryn completed 30,133 meters of rotary air blast drilling in 156 holes this summer, assays are pending from about 60 percent of the program.

-SHANE LASLEY