Business
Auryn Provides Corporate Update and Addresses COVID-19 Impacts
VANCOUVER, CANADA / ACCESSWIRE / March 18, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE Amer...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Auryn Provides Corporate Update and Addresses COVID-19 ImpactsVANCOUVER, CANADA / ACCESSWIRE / March 18, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) (\"Auryn\" or the \"Company\") provides an update in response to concerns surrounding COVID-19 and how it may impact exploration efforts in Peru and Canada.Auryn has offered all employees at its corporate offices in Vancouver and Edmonton the option to work from home. This decision aligns with the federal government's latest recommendation for all Canadians to work from home where possible. Management will stay abreast of the situation as it unfolds and will adjust policies accordingly.Peru - Impacts & Projects Update:Auryn recalled all personnel from the field prior to the Peruvian government mandating a temporary two-week border lockdown. The country has suspended all work at public institutions for 15 days, and as a result, the Company's Lima employees will be working from home for this period. Such disruptions can be expected to result in modest delays in the course of business for Auryn. Presently, Peru has a total of 117 confirmed cases of the virus and no deaths. Auryn will resume operations in the country once the borders have re-opened and government has deemed the virus no longer a threat.Canada - Projects Update:In the coming weeks, Auryn anticipates the release of its initial PEA on Homestake Ridge, the Company's high-grade gold-silver project in British Columbia's Golden Triangle. In addition, Auryn will be releasing revised targets at the Committee Bay project in Nunavut based on a break-through in geophysical targeting in differentiating low-grade versus high-grade gold responses in conductivity data.A Message from Ivan Bebek, Executive Chairman & Director:\"The health and safety of our employees and the communities we work in are of primary concern. Although we are temporarily unable to conduct work in Peru, we are very fortunate to have a strong balance sheet amidst the volatile market created by COVID-19. Capital preservation is a priority, however, once humanity gets past this challenge, we will be in a great position to continue to deliver on the promise of our exceptional portfolio of mineral assets.\"On Behalf of the Board,Ivan BebekExecutive Chairman and DirectorFor further information on Auryn Resources, please contact Natasha Frakes, Man...