Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Metals Explorer Identifies Two More Targets at Golden Triangle Project
News Update

Share on Stocktwits


This resulted from the company wanting greater exploration impact and looking outside of its defined resource.

Stock photo

Auryn Resources Inc. (AUG:TSX; AUG:NYSE) delineated two more targets at its Homestake Ridge project, it announced in a news release.

The discovery of these additional targets on its property in British Columbia's Golden Triangle resulted from the company's thorough review of historical data sets, geologic mapping, and stream sediment and rock chip sampling.

One target is 10 kilometers (10 km) northeast and the other is 3.5 km south of the existing Homestake Ridge high-grade resource area.

"These targets are in areas that have seen modest previous exploration and importantly contain high grade and demonstrate the potential for substantial mineralization," Ivan Bebek, executive chairman and director, said in the release.

The northern target, named Bria, returned assays from rock samples of up to 11 grams per ton (11 g/t) gold and 448 g/t silver, suggesting the presence of high-grade mineralization in the target area.

The southern target, called Kombi, showed two high-priority areas in consecutive drainage basins. One is an approximately 2-km-long trend, stream sediment samples from which contained up to 0.91 g/t gold. The other is a 1-km-long trend at the property's southernmost border.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Want to read more about Gold and Silver investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe