New high priority target areas were identified in 2020 following a reinterpretation of magnetics and geological data from across the 300-kilometer greenstone belt. Two significant fold hinge targets at the Anuri and Amautik prospects will be advanced to drill stage through ground-based geophysical surveys.
2019 Drill Program
The 2019 summer drill program resulted in the Company drilling a new gold-bearing hydrothermal system and making significant progress in geophysical targeting. At the Shamrock target Auryn intersected 30 meters of 0.67 g/t gold, including 1.5 m of 5.03 g/t gold, which is characterized by quartz veining within gabbroic rocks. The Shamrock target is located 2.5 kilometers to the southwest of the Aiviq target where the Company drilled 10.5 meters of 1.22 g/t gold this summer.
Table 1: 2019 Summer Drill Results
|Significant Intercepts 2019*|
*Significant Intercepts - 2019 (minimum grade 0.25ppm, minimum width 1m, max. internal dilution 6m); True widths of mineralization are unknown based on current geometric understanding of the mineralized intervals
Importantly, a high quality pipeline of targets exists within the Committee Bay Gold Belt that are both drill ready and can quickly be advanced to drill stage. The most advanced of these targets are high-grade occurrences that have been defined through initial diamond drill testing. These include the Inuk, West Plains, and Raven targets that have the following drilling highlights listed in the table below. Collectively, these advanced targets demonstrate the potential to define additional high-grade resources within the CBGB.
|* Please see press releases dated 1 September 2nd, 2003, 2 September 5th, 2007, 3 August 25th, 2005, 4 October 6th 2006, and 5 May 19th, 2005 filed on Sedar under Niblack Mineral Development Inc.|
** True width of intercept unknown
Exploration work on the Committee Bay Property is supervised by Michael Henrichsen, P. Geo., COO of Auryn Resources and a Qualified Person as defined by NI 43-101. Unless otherwise indicated, Mr. Henrichsen has reviewed and is responsible for the technical information contained in this website.
High-resolution till sampling has become an integral layer of data for six targets at Committee Bay, Nunavut. These targets include the previously disclosed Aiviq sampling, which was drilled in 2017 (14-Sep-2017 news release
Gold assay results from the high-resolution (100 meter by 100 meter spacing) till surveys across nine regional targets demonstrate greater precision for identifying the potential source areas of high-grade gold mineralization seen throughout the belt. The results of the surveys have delineated gold-in-till anomalies that are consistent with the size of potential deposit footprints and will form the basis of future drill campaigns at Committee Bay.
The Computational Geoscienes Inc. machine learning platform will generate additional targets across the ‘Three Bluffs playing field’ –a 1600 square kilometer area which includes the Three Bluffs Deposit and the 20 km shear zone hosting the Aiviq and Kallulik targets where significant gold mineralization has been encountered. The platform will process the vast amount of data (collected through extensive surface geochemical sampling, geological mapping, geophysical surveys, and drilling) from work Auryn and prior explorers have completed on the project.
To produce optimal results there needs to be extensive experience in the aforementioned fields of geoscience data processing, data interpretation, and artificial intelligence, and between Auryn and CGI, there exists a world-class team of experts across these disciplines.