Significant interest boosts Auryn financing

North of 60 Mining News – August 17, 2018


Last updated 9/25/2020 at 6:17am

Daniel Murray; courtesy of Auryn Resources Inc.

Roughly half of the 2018 drilling at Committee Bay is targeting Aiviq, a high-grade gold discovery made last year about 7.5 miles (12 kilometers) north of Three Bluffs deposit on this expansive property in Nunavut.

Auryn Resources Inc. Aug. 16 closed a C$7.3 million financing that will fund exploration of its Committee Bay and Gibson MacQuoid gold projects in Nunavut; and drilling on its Homestake Ridge gold-silver property in northwestern British Columbia.

Originally slated to be C$4.6 million, the financing was increased by nearly 59 percent due to significant demand.

This substantially increased privat...

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