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Auryn Resources Inc

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Market:
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Market Cap:
$144.46 m
Price
1.38 CAD
Change
4.55%
52 weeks high
2.45
52 weeks low
1.00

Auryn Resources is a technically-driven, well-financed junior exploration company focused on finding and advancing globally significant gold, silver and base metal deposits. The Company has a portfolio approach to asset acquisition and has seven projects, including two flagships: the Committee Bay high-grade gold project in Nunavut and the Sombrero copper-gold project in southern Peru. 

Auryn’s technical and management teams have an impressive track record of successfully monetizing assets for all stakeholders and local communities in which it operates. Auryn conducts itself to the highest standards of corporate governance and sustainability.

Committee Bay

Overview & Highlights

On September 25, 2015, Auryn Resources Inc. acquired a 100%* interest in the Committee Bay gold project located in Nunavut, Canada, through its acquisition of North Country Gold Corp.

Committee Bay Gold Project Highlights

  • High grade gold endowment and an established resource
  • Existing exploration infrastructure
  • Mining Friendly jurisdiction
  • Over 300,000 hectares with district scale discovery opportunities
  • Major mine development underway in the area

For more information, please click here

Gibson MacQuoid

Auryn has acquired prospecting permits along the Gibson MacQuoid greenstone belt located in Nunavut, Canada. These permits are located between the Meliadine deposit and Meadowbank mine. The 19 prospecting permits encompass approximately 120 km of strike length of the prospective greenstone belt and total 329,000 hectares collectively. The acquisition of the prospecting permits cost approximately CAD$100,000 and provides Auryn exploration rights over the area for a total of three years with the exclusive right to stake minerals claims within the area.

The Gibson MacQuoid greenstone belt lies approximately 125 km from Baker Lake and 136 km from Rankin Inlet. Auryn plans to undertake an extensive till program over the newly acquired ground this summer in an effort to identify key areas of gold mineralization.

 

Homestake Ridge

Overview and Highlights

The wholly owned Homestake Ridge Project covers approximately 7,500 hectares within the Iskut-Stewart-Kitsault belt in NW British Columbia. To date more than 275 holes, totalling more than 90,000 metres, have been completed on the property and multiple exploration targets remain to be tested.

Homestake Ridge Project Highlights

  • High-grade gold endowment located within the Golden Triangle
  • Established significant mineral resource
  • Situated closed to regional infrastructure: Northwest Transmission Corridor, deep water access and existing road within 6 km of the deposit
  • Mining friendly jurisdiction

 

Sombrero

Overview & Highlights

The Sombrero copper-gold property comprises of over 120,000 hectares and is located approximately 340 kilometres SE of Lima in southern Peru.

The property is hosted in the Andahuaylas-Yauri belt and is interpreted to be on the north-western margin of the Eocene-Oligocene aged copper-gold porphyry and skarn belt that hosts the Las Bambas, Haquira, Los Chancas, Cotambambas, Constancia, Antapaccay and Tintaya deposits. The principal target at Sombrero is copper-gold skarn mineralization, which Auryn feels has geological similarities to the Tintaya and Las Bambas mines. However, the samples being collected at Sombrero are copper-gold, rather than molybdenum-gold. In addition, there is a layer of volcanic cover that is between 5-25 meters thick at Sombrero, which is not seen further east where the Los Chancas, Las Bambas and Tintaya mines are located.

Sombrero Project Highlights:

  • Multiple skarn and epithermal bodies hosted by the Ferrobamba limestone and cut by intrusives
  • Major oxide targets from surface
  • 3900m elevation with excellent access to infrastructure
  • Undrilled to date

For more information, please click here

Huilacollo

Overview and Highlights


The Huilacollo epithermal property is comprised of 3300 hectares of intense hydrothermal alteration that is consistent with epithermal Au/Ag mineralization over a 4 by 6 km area. Contigious to the Huilacollo property are the Tacora and Andamarca properties, which the company acquired in August 2017. Auryn’s technical team believes the epithermal system on the Tacora licenses is the continuation of the same oxide gold epithermal system observed on the Huilacollo licenses. The Andamarca license provides Auryn with a strategic land position that is considered important from an infrastructure standpoint if future mining were to occur.

 

Baños del Indio

Overview and Highlights


The Baños del Indio epithermal property is comprised of 5,000 hectares of well-developed high-level steam heated epithermal style alteration and is considered by Auryn to be one of the largest untested epithermal alteration centers in Peru.

 

Curibaya

Overview and Highlights


The Curibaya property comprises of approximately 11,000 hectares, which includes the 2019 acquisitions of the Sambalay and Salvador concessions. The project covers the regional Incapuquio fault zone and subsidiary structures that are collectively interpreted as one of the fundamental controls for both epithermal and porphyry styles of mineralization within the region. Importantly the licenses host a number of cross structures to the Incapuquio fault zone that are considered highly prospective.

The Curibaya Project is located 53 km north-northeast of the provincial capital, Tacna, and is accessible by road in 2.5 hours. It is also 11 km south of the Incapuquio regional fault, which is viewed as a major control on the emplacement of mineralized porphyries in the region and is characterized by an Aster alteration anomaly (2 km by 3.3 km) that is similar in size to Southern Copper’s Toquepala deposit as well as Anglo American’s Chisispaya deposit.

 

 

Canada and Peru

Ivan Bebek
Executive Chairman

Mr. Bebek is Executive Chairman and Director to the Company. Mr. Bebek has over 20 years experience in financing, foreign negotiations, and acquisitions in the mineral exploration industry. His understanding of the capital markets and ability to position, structure and finance companies that he has been associated with has been instrumental in their successes. Mr. Bebek was formerly the President, CEO and cofounder of Cayden Resources Inc., which was sold to Agnico Eagle Mines Limited for $205 million in November 2014, and a co-founder of Keegan Resources Inc. (now Asanko Gold Inc.). Mr. Bebek is a cofounder, Co-Chairman and Director of Torq Resources Inc. (formerly, Stratton Resources Inc.).

Shawn Wallace
President & CEO

Mr. Wallace is President, Chief Executive Officer and Director to the Company. Mr Wallace has been involved in all aspects of the mining industry, from mineral exploration and project management, to financing, mergers & acquisitions, and corporate development. Over the past 25 years, Mr. Wallace has been instrumental in building numerous high-quality mineral exploration, development, and production stage companies including co-founding Cayden Resources Inc., which was acquired by Agnico Eagle Mines Limited for $205 million in November 2014. Mr. Wallace is also a co-founder and Director of Asanko Gold Inc. and a co-founder, Co-Chairman and Director of Torq Resources Inc.

Michael Henrichsen
COO

Mr. Henrichsen is a structural geologist who is leading the Auryn technical team. Previously Mr. Henrichsen was the global structural geologist at Newmont, where his contributions significantly increased the reserves and resources base in the Ahafo district Ghana. Mr. Henrichsen has also worked extensively at other major gold camps in South America, the Carlin Trend, Guinea, and Canada.

Stacy Rowa
CFO
Ms. Rowa is a Canadian CPA, CA who has worked with Canadian and US publicly listed resource companies for the past 10 years. Ms. Rowa has been with the Company since 2016 serving as Corporate Controller. Prior to joining Auryn, Ms. Rowa held finance roles with Elgin Mining Inc., before it was acquired by Mandalay Resources Inc. in 2014, and Aura Minerals Inc. She began her career with KPMG LLP’s mining practice after obtaining her Bachelor of Commerce in Accounting from the University of British Columbia.

Russell Starr
SVP, Corporate Finance

Mr. Starr has over 20 years of experience working for global investment banks and independent boutique investment dealers; working as a salesperson, trader and investment banker. Most recently he was a senior member of the management team and a director of Cayden Resources. He holds a MBA from the Richard Ivey School of Business and a Master of Economics from the University of Victoria.

 

Auryn Resources Inc.
600-1199 West Hastings Street
Vancouver, BC
Canada, V6E 3T5

Email: [email protected]

Tel: 778.729.0600
Fax: 778.729.0650
North American Toll-Free: 1.800.863.8655