Past year: ▼ 9%(74.0c – 1.06 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Mar 2019drilling result▲ GoodMajor
First trench at Fierrazo returned 184 metres of 0.57% copper-equivalent, including 20 metres of 1.50% copper and 0.04 g/t gold, 24 metres of 0.70% copper and 0.09 g/t gold, and 20 metres of 0.32% copper with 0.99 g/t gold. These are surface channel samples across skarn, not drill intercepts, but the width is what makes the target credible.
19 Feb 2019drilling progress report● Neutral
The machine-learning exercise produced twelve targets at Committee Bay, two of them east and west extensions of the existing Three Bluffs deposit and several under shallow lakes and glacial cover, plus a third 15-kilometre structure alongside the known Three Bluffs and Aiviq-Kalulik trends. Targets, not results.
13 Feb 2019drilling progress report● Neutral
Restarted trenching at Sombrero, beginning on the Fierrazo claims optioned from Aceros in December and moving through the Nioc, Good Lucky, Totora and Milpoc targets. The company describes Sombrero as never drilled.
30 Jan 2019drilling progress report● Neutral
Hired Computational Geosciences to run a deep-learning algorithm over the Committee Bay gold belt in Nunavut to pick drill targets - a targeting exercise, with no assays or drilling reported. Committee Bay is 300 kilometres of till-covered greenstone where conventional methods had not converted extensive high-grade surface occurrences into a discovery.
7 Jan 2019drilling result▲ Good
Surface rock samples at the Milpoc prospect, 12 kilometres south of Sombrero, returned copper from 0.1% to 8.45% and silver from 0.06 to 101 g/t over a zone 1.2 kilometres long and 500 metres wide. These are grab and outcrop samples from red-bed sediments, not drill intercepts, so they show a target rather than a deposit.
19 Dec 2018material agreement▲ Good
Auryn Resources optioned three mineral concessions inside its Sombrero copper-gold project in southern Peru from Peruvian steelmaker Corporacion Aceros Arequipa. Exercising would form an 80:20 joint venture combining Aceros's 520 hectares with 4,600 of Auryn's own, tidying up the ground under the Sombrero Main target ahead of a first drill programme planned for 2019.
