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Auryn Identifies New, Significant Gold and Silver Targets at the Homestake Ridge Project
VANCOUVER, BC / ACCESSWIRE / June 4, 2019 / Auryn Resources Inc. TSX: AUG, NYSE AMERICAN: AUG...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Auryn Identifies New, Significant Gold and Silver Targets at the Homestake Ridge ProjectVANCOUVER, BC / ACCESSWIRE / June 4, 2019 / Auryn Resources Inc. TSX: AUG, NYSE AMERICAN: AUG, \"Auryn\" or the \"Company\"), is pleased to announce that two additional targets have been identified at the Homestake Ridge Gold Project within the Golden Triangle in British Columbia, Canada. These targets are approximately 10km northeast and 3.5km south of the previously identified high-grade resource (125,000 oz. of 6.25 g/t Au, 1M oz. of 47.9 g/t Ag indicated and 932,000 oz. of 4 g/t Au and 21.2M oz. of 90.9 g/t Ag inferred[1]) and were identified in a regional surface exploration program conducted in 2018 and using historical data from the 7500 hectare land package.At the new northern target, which Auryn is calling Bria, rock samples returned assays of up to 11g/t gold and 448 g/t silver (Table 1). At the new southern target, Kombi, two separate high-priority areas have been defined from consecutive drainage basins where historical stream sediments were anomalous in gold and silver (Figure 1).A Message from Ivan Bebek, Executive Chairman & Director:\"In an effort to make a bigger exploration impact at Homestake Ridge we looked away from the known resources and successfully identified two, new large-scale gold and silver opportunities. These targets are in areas that have seen modest previous exploration and importantly contain high-grade and demonstrate the potential for substantial mineralization.\"In the coming weeks we will be receiving and releasing results from the historical drill core we obtained from our Sombrero copper-gold project in Peru as well as providing a Committee Bay update. The update will include plans for 2019 and a video that explains our use of artificial intelligence at the project.\"New Targets:The two, new large-scale targets on the property were identified following a full review of historical datasets, geologic mapping, stream sediment and rock chip sampling.The northern target, Bria, is defined by high-grade gold and silver rock samples from mapped quartz veins that are believed to be related to an Eocene aged intrusive rock. Maximum values from these samples are 11g/t gold and 448 g/t silver, demonstrating the potential to find high-grade mineralization within the target area. The mineralized veins that were ...