AURYN Mining Corporation (OTC: AUMC) is pleased to inform its shareholders about the following updates.
Altos de Lipangue – Las Dos Marias
Progress continues at the Altos de Lipangue mining district. At Las Dos Marias, Hochschild Mining plc has advanced studies by completing 6 kilometers of IP Geophysics. Results are pending. With this information there should be suitable understanding of the target to develop a more advanced next stage of exploration.
Altos de Lipangue – Fortuna
At Fortuna, we have completed the draining and collection of water from within the access tunnel and mine workings. This exposed approximately 50 to 60 cm of mud which prevented safe access to explore. Removal of the mud is progressing. The tunnel is clear for 90 meters currently. The mineralized veins will be remapped and sampled once exposed. Surface mapping has been reviewed.
New VP of Engineering – Dan Dumas, M.Sc., P.Eng.
Dan Dumas, M.Sc., P.Eng. will be joining Auryn Mining Corporation as VP of Engineering on August 1, 2019. Dan is a Bachelor, and Master of Mining Engineering and Professional Engineer. He is a proven leader with operations experience and strong business acumen. He is the Founder and CEO of Dumas Contacting Ltd. Dan is a strong addition to the AURYN team and will provide solid contributions to the projects moving forward.
For further information please visit our website, https://aurynminingcorp.com.
This news release contains certain “forward-looking statements” within the meaning of the United States Securities Exchange Act of 1934, as amended. This forward-looking information includes, or may be based upon estimates, forecasts and statements of management’s expectations with respect to, among other things, the completion of transactions, the issuance of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining or milling charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially and substantially from those anticipated in such statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.