Auryn Resources Executive Chairman Joins Uptick Newswire Discussing the Company’s Copper Project in Peru with Massive Poten...
January 22 2019 - 8:30AM
Uptick Newswire Stock Day Podcast welcomes Auryn Resources Inc.
(NYSE: AUG | TSX: AUG), “Auryn” or the “Company”, a junior
exploration company focused on finding the next globally
significant discovery. Ivan Bebek, the Executive Chairman, spoke
with Stock Day’s Everett Jolly.
Auryn’s most recent news release announced a significant zone of
oxide copper mineralization at the Milpoc prospect near their
Sombrero project in Peru. Jolly asked Bebek to talk about the
significance of the numbers.
“Sombrero is a massive project for us, globally it’s probably
one of the biggest swings you can take to find a major mine. Milpoc
is just one more addition to some spectacular numbers. When you see
copper grading about 1 percent or higher, and at Milpoc it goes up
to 8 and half percent, you pay attention,” explained Bebek.
He went on to say that Milpoc may be the center of another major
deposit in Peru, saying it could be a flagship discovery deposit
that would complement the 120,000 hectare Sombrero district the
company already has 12 kilometers away.
“Just spectacular copper numbers, you are not finding these
anywhere on the globe.” Bebek said.
Jolly then asked Bebek to compare the Sombrero project with the
Company’s Committee Bay project in Northern Canada. He explained
that Committee Bay is about 220 miles of Greenstone Belt, with a
resource of approximately 1.2 million ounces of 8 g/t gold, and
could potentially host numerous deposits. In fact, the last major
gold deposit over 5 million ounces found globally is not far from
Committee Bay – Amaruq was discovered in 2013 by Agnico Eagle.
“When you look at Committee Bay you see a 220-mile Greenstone
Belt with gold along the whole trend. The real challenge there is
that there’s dirt (till) on top of the rocks. So, there’s covered
rocks, you can’t see the rocks sticking out of the surface. That’s
why major mines haven’t been found there yet,” he explained. “So,
the potential of Committee Bay is to find 5, 10, 20 million ounces
over the next three or four years, but because the rocks are
covered, it’s really, really challenging.”
He went on to explain that they believe they are close at the
Committee Bay project, but the covered rocks along with a short
drilling season makes things tough. The Sombrero Project in Peru,
on the other hand, is the greatest thing he’s seen in his career,
as an executive and an investor, over the last 20 years.
“It’s a lot easier than Committee Bay, you can work on it for 12
months of the year.” He went on to say, “We expect the drills to
turn by June or July and we’ve caught the attention of the biggest
base metal companies in the world with this target. Really exciting
times. It’s the biggest swing I’ve taken in my career.”
Bebek also explained to Jolly that Sombrero has never been
drilled or explored by mining companies before and has been
overlooked because of the volcanic cover associated with its
location.
“We got there first. Some companies are staking ground around
us, but we’ve gotten the most and the best real estate we could
possibly get,” he said. “This has the potential to be as dramatic
as a 50-million-ounce equivalent gold discovery.”
To hear the entire interview with Ivan Bebek, listen to the
Uptick Podcast
here.https://upticknewswire.com/featured-interview-executive-chairman-ivan-bebek-of-auryn-resources-inc-nyse-aug/
There is also a video further explaining Auryn’s Sombrero project,
narrated by the company’s C.O.O. and chief geologist, Michael
Henrichsen, which can be found on the company’s website here:
https://www.aurynresources.com/projects/peru-portfolio-1/#block-Fly-Over_Video
Investors Hangout is a proud sponsor of “Stock Day,” and Uptick
Newswire encourages listeners to visit the company’s message board
at https://investorshangout.com/
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.
Contact:Natasha FrakesManager of Corporate Communications(778)
729-0600 info@aurynresources.com
Forward Looking Information and Additional Cautionary
Language
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, 2017 and subsequent continuous disclosure filings with
the Canadian Securities Administrators available at www.sedar.com
and the Company’s registration statement on Form 40-F filed with
the United States Securities and Exchange Commission and available
at www.sec.gov.
About Uptick Newswire and the “Stock Day”
Podcast
Founded in 2013, Uptick Newswire is the fastest growing media
outlet for Nano-Cap and Micro-Cap companies. It educates investors
while simultaneously working with penny stock and OTC companies,
providing transparency and clarification of under-valued,
under-sold Micro-Cap stocks of the market. Uptick provides
companies with customized solutions to their news distribution in
both national and international media outlets. Uptick is the sole
producer of its “Stock Day” Podcast, which is the number one radio
show of its kind in America. The Uptick Network “Stock Day” Podcast
is an extension of Uptick Newswire, which recently launched its
Video Interview Studio located in Phoenix, Arizona.
SOURCE:Uptick
Newswire602-441-3474https://upticknewswire.com/
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