VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 07/08/15 — Auryn Resources Inc. (TSX VENTURE: AUG)(OTCQX: GGTCF) (“Auryn”), and North Country Gold Corp. (TSX VENTURE: NCG) (“North Country”) are pleased to announce the initiation of a $4 million 2015 summer exploration program at the Committee Bay Gold Project (“Committee Bay”) located in Nunavut, Canada. The 2015 exploration program will focus on existing drill-ready targets as well as new areas identified through a recently completed prospectivity analysis on the southwest region of the Committee Bay belt.
The completion of geological, geophysical, and geochemical analysis on the existing data from the Committee Bay project has resulted in the identification of several targets that are collectively considered as potential deposit “footprints” (please see Figure 1). These targets will be the focus of Auryn’s and North Country’s near-term exploration efforts in the Committee Bay belt. Further analysis across the central and northeast regions of Committee Bay are expected to be completed by Q4, 2015.
The focus of the summer program is to bring an innovative exploration approach to the Arctic with the goal of maximizing operational efficiencies to reduce the cost of drilling and regional exploration work. The exploration program will be comprised of 3,000 to 5,000 metres of rotary air blast (“RAB”) drilling utilizing a light weight mobile drill, drone aerial imagery acquisition at 10 cm resolution across the entire project area, 60 line km of IP geophysics, structural mapping, and a till sampling program utilizing bulk cyanide leach methodology.
Shawn Wallace, President and CEO of Auryn stated, “The results of the comprehensive analysis completed to date further confirms the high prospectivity for gold exploration at the district scale Committee Bay project. This study reinforces our belief that this is an area that is vastly underexplored with numerous additional targets to be identified.”
Brian Budd, President of North Country stated, “We are pleased to recommence joint exploration at Committee Bay where North Country’s past exploration successes have established its significant gold endowment. Through collaboration with our partners we look forward to testing new and existing areas, methods and technologies during the 2015 campaign in order to unlock the full potential of the belt in 2016 and beyond.”
The planned exploration program will focus on known and newly identified targets in the West Plains and Raven areas. Previous drilling highlights from these areas are listed in Table 1 below. The RAB drilling will focus on expanding known mineralized trends along strike as well as testing newly identified targets areas. Ground IP geophysical surveys and till sampling will be conducted across newly identified target areas prior to drill testing.
Notes:
(1) Drill hole intersections are recorded as down the hole lengths. True thicknesses of intersections are unknown.
(i) Please see press releases dated (2)August 25th, 2005, (3)October 6th 2006, and (4)May 19th, 2005 filed on Sedar under Niblack Mineral Development Inc.
On Behalf of Auryn Resources
Shawn Wallace
On Behalf of North Country Gold
Brian Budd
About the Committee Bay Gold Project
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