Auryn regardingCommittee Bay Gold Projecthttps://www.aurynresources.com/media/AUG_JV_06Feb2015_WEB%281%29.pdf?xprOpenPopup=1
After an 18 months extensive search globally, Auryn’s technical and financial teams have signed an agreement with North Country Gold to acquire a 51% interest in the Committee Bay Joint Venture. Auryn’s teams believe in this project because of the following:
100% owned mineral concessions
Multiple high grade gold occurrences identified over 300kms of strike
Initial high grade gold resource with significant exploration upside
Low holding costs
Mining friendly jurisdiction
Experienced technical team
Established infrastructure with all heavy equipment required for mineral
exploration on site
Auryn believes that the Committee Bay JV holds the potential to contain several high grade gold deposits to be discovered through systematic exploration
2015 Plan – Exploration Pipeline
10,000m exploration drill program at Committee Bay JV to expand known high grade resource
Target development at the West Plain, Raven & Inuk discoveries
Ground IP and magnetic surveys – prep for drilling
Framework study – maximizing the potential of the district and the $100M in expenditures to
date
Highly experienced team of ex-Newmont scientists integrating geophysical, geochemical,
and geological data to develop the most robust targets in the district. Maximizing time-
value concept in the exploration cycle
Summarizing the Committee Bay Gold Project
Early in the discovery curve – “the sweet spot”
Leveraging the potential of an emerging districts
Pursuing a multi-million ounce high grade gold district
Commanding land position – 74,000 hectares
Experienced technical team with all heavy equipment and drills on site
Ownership – option to own 51%
Next 12 Months
Aggressively advance Committee Bay JV
Continue to evaluate additional high grade gold assets in the Americas for
acquisition
Initial drill program at Committee Bay JV
High grade gold endowment
Stable political jurisdiction
Under-explored district scale opportunity
Major mine development currently underway: Meadowbank, Meliadine, Hope Bay