Auryn Resources drills 12.2 m of 4.7 g/t Au at Aiviq
AURYN RE SOURCES In c. has released the first drill results ever from the Aiviq prospect, located 12 kilometres north of the Three Bluffs deposit. Highlights from the Aiviq prospect include 12.2 metres of 4.7 grams per tonne gold (including 3.05 metres of 18.09 g/t Au) intersected in an interpreted silicified shear zone. These results are the first step in defining a new discovery on the Committee Bay greenstone belt in a newly recognized style of mineralization.
The mineralization encountered at Aiviq is situated along a regional shear zone that is defined by a seven-kilometre-long gold-in-till anomaly. This shear zone was tested by a single drill fence during the 2017 summer drill program, leaving the prospect wide open to expansion. Importantly, the high-grade mineralization intersected in drill hole 17RGR003 is within a 100-metre-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.
Aiviq’s proximity to Three Bluffs allows the company to leverage the substantial existing exploration infrastructure already in place at its Hayes camp for future drilling and potential development.
Michael Henrichsen, chief geologist and chief operating officer, said: “Auryn’s technical team has done an outstanding job of vectoring to high-grade gold mineralization under till cover at the newly defined Aiviq prospect. 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 seven-kilometre-long goldin-tills anomaly along the mineralized shear zone in 2018.”
Mr. Henrichsen added: “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.”
Additional positive results were received from the Aarluk prospect, where 4.57 metres of 2.52 g/t gold were intersected in banded iron formation, where there are three holes pending assay. This prospect is 17 kilometres to the north of Aiviq and remains open, demonstrating the emerging importance of the 30-kilometre-long structural corridor from Three Bluffs through to Aarluk.
Rotary air blast (RAB) drilling results
To date the company has received complete results from the Aiviq, Kalulik, West Plains, Ziggy South, Avinngaq and partial results from the Aarluk prospect (three holes pending assay), representing a total of 39 per cent of the drill program.
Significant intercepts from the Aiviq, Kalulik and Aaluk prospects are reported in the associated table.
(See AUG Table 1 on page 6)
The summer exploration RAB drill program completed 30,133 metres in 156 holes, with 61 per cent of the remaining results to be released in the coming months.
We seek Safe Harbor.
Karen Baxter condensed this news release (email@example.com).
Antonio Arribas, Ivan James Bebek, Steven Mark Cook, Gordon John Fretwell, Michael Kosowan, Daniel T McCoy, Keith Charles Minty, Shawn K Wallace
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