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Auryn prepares to drill Aiviq discovery and provides Committee Bay update

ID: 1533155
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(PresseBox) - Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (?Auryn? or the ?Company? - https://www.youtube.com/watch?v=hKoS2L6g9RA&list=PL0DFjATFTLJ-orGr4qKGiD0bWF1c4eEXU ) is pleased to announce it has further refined drill targets at the 2017 high-grade Aiviq discovery, the details of its March 2018 planned spring drill program, and additional results from the Committee Bay 2017 summer program.

Ivan Bebek, Executive Chairman of Auryn stated, ?The Aiviq opportunity at Committee Bay not only offers significant discovery potential, it also lies within 12 km of our existing infrastructure at Three Bluffs. As a result, we now have the opportunity to drill Committee Bay both in the spring and summer months.?

Mr. Bebek further stated, ?We are also excited to be currently drilling Huilacollo, the first of 4 highly prospective Peruvian projects. We are making positive headway in the communities around both the Sombrero and Ban?os Del Indio gold projects.

Aiviq Infill Till Results:

The Aiviq discovery drill hole (12.2 meters at 4.7g/t Au) is situated along a 7 kilometer long shear zone that is shedding high-grade boulders and gold-in-tills that was discovered from Auryn?s belt wide regional till survey. Four new high-resolution targets have been defined from infill tills analyzed for gold on 100 meter by 100 meter spacing and will form the basis of Auryn?s follow-up drill program to expand on the Aiviq discovery.

During the 2017 till program, Auryn analyzed indicator elements for gold using portable X-Ray fluorescence technology; however, due to time constraints during the program the till samples were not assayed for gold.target areas totaling 3.0 kilometers of strike length (figure 1).

Discovery follow-up drilling around drill hole 17RGR003 will be conducted on 25, 50, and 100- meter step outs covering a total of 350 meters to define a potential deposit footprint.



Michael Henrichsen, COO and Chief Geologist stated, ?We are very excited to begin follow up drilling on our 2017 Aiviq discovery.

Three Bluffs Targeting:

Targeting at the Three Bluffs deposit will be based on the on-going re-log of the deposit to determine the structural controls on high-grade mineralization and geophysical modeling to target the continuation of the high-grade hinge zone of the deposit to the north east (figure 2).

Balance of 2017 Committee Bay Drill Results:

Additional highlights from 2017 exploration RAB drilling include 10.7 meters of 0.62g/t Au from the Mist prospect, 4.6 meters of 1.0g/t Au from the Koffy prospect, and 3.05 meters of 1.73g/t Au from the Kinng Mountain prospect in the NE region of the belt (Figure 3).tills collected during the 2017 summer program to define high-resolution targets.

Michael Henrichsen (Chief Operating Officer), P.Geo is the QP who assumes responsibility for the technical contents of this press release.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES INC.

Shawn Wallace

President and CEO

For further information on Auryn Resources Inc., please contact Jay Adelaar, Vice-President of Investor Relations at (778) 729-0600 orinfo(at)aurynresources.com

In Europe:

Swiss Resource Capital AG ? Jochen Staiger

info(at)resource-capital.ch
- www.resource-capital.ch

About Auryn

Auryn Resources is a technically driven junior mining exploration company focused on delivering shareholder value through project acquisition and development. The Company?s management team is highly experienced with an impressive track record of success and has assembled an extensive technical team as well as a premier gold exploration portfolio. Auryn is focused on scalable high-grade gold deposits in established mining jurisdictions, which include the Committee Bay and Gibson MacQuoid gold projects located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in southern Peru, through Corisur Peru SAC.

Forward Looking Information

This release includes certain statements that may be deemed ?forward-looking statements?. Forward-looking information is information that includes implied future performance and/or forecast information including information relating to, or associated with the acquisition and title to mineral concessions. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers should refer to the risks discussed in the Company?s Annual Information Form and MD&A for the year ended December 31, 2016 and subsequent continuous disclosure filings with the Canadian Securities Administrators available atwww.sedar.comwww.sec.gov.

Cautionary Statements and Technical Disclosures

Committee Bay Infill Till QA/QC Disclosure

Till samples were collected mostly from active frost boils.recision in a large majority of standards assayed.

Committee Bay RAB Drilling QA/QC Disclosure

Intercepts were calculated using a minimum of a 0.25

Analytical samples were taken using 1/8 of each 5ft (1.52m) interval material (chips) and sent to ALS Lab in Yellowknife, NWT and Vancouver, BC for preparation and then to ALS Lab in Vancouver, BC for analysis. All samples are assayed using 30g nominal weight fire assay with atomic absorption finish (Au-AA25) and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). QA/QC programs using internal standard samples, field and lab duplicates and blanks indicate good accuracy and precision in a large majority of standards assayed.

True widths of mineralization are unknown based on current geometric understanding of the mineralized intervals.



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Date: 02/27/2018 - 12:44
Language: English
News-ID 1533155
Character count: 2528
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Firma: Swiss Resource Capital AG
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Stadt: Vancouver, British Columbia
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