Auryn Identifies 12 Drill Targets at Committee Bay and Plans to Expand the Three Bluffs Resource

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[{"type":"text","content":"Auryn Identifies 12 Drill Targets at Committee Bay and Plans to Expand the Three Bluffs ResourceVANCOUVER, BC / ACCESSWIRE / September 29, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) (\"Auryn\" or the \"Company\") is pleased to announce twelve refined targets across the Committee Bay gold belt in Nunavut that aim to leverage the targeting breakthrough along the Kalulik - Aiviq structural corridor and the Anuri target area, as well as expand upon the Three Bluffs deposit. The targets are within known gold-bearing systems and were derived using the technical team's critical new understanding of high-grade (+5 g/t gold) systems across the belt based on geophysical conductivity data collected since Auryn has worked on the project. The 2019 targeting breakthrough enabled Auryn to empirically determine the system drivers that define high-grade across the belt, as presented in Figure 1.The planned 2021 summer drill program will test both target extensions at the Three Bluffs deposit as well as several regional greenfield targets (Figures 2-9).A Message from Ivan Bebek, Executive Chairman & Director:\"Committee Bay is one of few exploration opportunities globally with the potential for multiple world-class gold discoveries. Our confidence has grown considerably over the past five years as our technical team's targeting methods have evolved. We are excited to capitalize on our extensive work to-date with Fury Gold Mines in the current gold environment.\"Target Types:There are two principal target types that have been derived through the relationships between the highest conductivity responses and their association with magnetics data. The gold-bearing systems directing the targets have been defined either by drilling, gold-bearing boulder trains, or gold in till anomalies (Figure 2). The two target types are defined as follows:Iron Formation Hosted in Sediments: where high conductivity responses are associated with sulphidation of the host rock and slightly subdued magnetic responses that are associated with demagnetization of the iron formation due to hydrothermal alteration.Iron Formation - Komatiite Couplets: where high conductivity responses and high magnetic responses are offset from each other. The target in this case is the gradient where high conductivity and high magnetic responses are adjacent to each other.Thr...

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