03:18:48 EDT Mon 06 Apr 2020
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Auryn Resources Inc
Symbol AUG
Shares Issued 95,306,775
Close 2020-03-17 C$ 1.16
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Auryn Resources outlines Covid-19 measures

2020-03-18 07:36 ET - News Release

Mr. Ivan Bebek reports

AURYN PROVIDES CORPORATE UPDATE AND ADDRESSES COVID-19 IMPACTS

Auryn Resources Inc. has provided an update in response to concerns surrounding Covid-19 and how it may impact exploration efforts in Peru and Canada.

Auryn has offered all employees at its corporate offices in Vancouver and Edmonton the option to work from home. This decision aligns with the federal government's latest recommendation for all Canadians to work from home where possible. Management will stay abreast of the situation as it unfolds and will adjust policies accordingly.

Peru -- impacts and projects update

Auryn recalled all personnel from the field prior to the Peruvian government mandating a temporary two-week border lockdown. The country has suspended all work at public institutions for 15 days, and as a result, the company's Lima employees will be working from home for this period. Such disruptions can be expected to result in modest delays in the course of business for Auryn. Presently, Peru has a total of 117 confirmed cases of the virus and no deaths. Auryn will resume operations in the country once the borders have reopened and government has deemed the virus no longer a threat.

Canada -- projects update

In the coming weeks, Auryn anticipates the release of its initial PEA (preliminary economic assessment) on Homestake Ridge, the company's high-grade gold-silver project in British Columbia's Golden Triangle. In addition, Auryn will be releasing revised targets at the Committee Bay project in Nunavut based on a breakthrough in geophysical targeting in differentiating low-grade versus high-grade gold responses in conductivity data.

A message from Ivan Bebek, executive chairman and director:

"The health and safety of our employees and the communities we work in are of primary concern. Although we are temporarily unable to conduct work in Peru, we are very fortunate to have a strong balance sheet amidst the volatile market created by Covid-19. Capital preservation is a priority, however, once humanity gets past this challenge, we will be in a great position to continue to deliver on the promise of our exceptional portfolio of mineral assets."

About Auryn Resources Inc.

Auryn Resources is a technology-driven junior exploration company focused on finding and advancing globally significant precious and base metal deposits. The company has a portfolio approach to asset acquisition and has six projects, including two flagships: the Committee Bay high-grade gold project in Nunavut and the Sombrero copper-gold project in southern Peru. Auryn's technical and management teams have an impressive record of successfully monetizing assets for all stakeholders and local communities in which it operates.

We seek Safe Harbor.

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