Auryn has big plans for Nunavut in 2017
Last updated 1/16/2018 at 7:30pm
Auryn Resources Inc. April 20 reported that it has begun mobilizing fuel and supplies for an extensive summer exploration program at its Committee Bay gold project in Nunavut that includes 25,000 meters of drilling.
In January, Goldcorp invested C$35 million in Auryn, giving the gold mining major a 12.5 percent stake in the exploration company.
The 2017 program will include exploration of 12 newly identified targets across the 3,800-square-kilometer (1,500 square miles) Committee Bay property.
Drilling will be focused within the Anuri, Four Hills, Three Bluffs, and Inuk corridors on the property.
Additionally, regional till sampling will be completed on the 15 percent of the 300-kilometer- (185 miles) long Committee Bay greenstone belt yet to be explored to delineate additional targets for 2018.
At Auryn's newly acquired Gibsons MacQuoid project, another large gold property situated between the Meliadine gold deposit and Meadowbank Mine in Nunavut, the company is planning an initial belt-wide till survey as well as completing high resolution drone imagery.
This program, slated to begin in July, will focus on identifying the major centers of gold mineralization within the project area that will be drilled in 2018.