Golddigger

The Golddigger property covers 18,587 hectares and is located on tide water 30 kilometers south east of Stewart BC in the Golden Triangle and only 7km West of the Dolly Varden Mine access road providing for cost effective exploration.

The newly discovered SureBet Zone is located ~8 kilometers S.W. of Auryn Resources’ Homestake Ridge property which is a high-grade gold-silver deposit that contains 982,700 oz of gold @ 4.99 g/t gold and 19,600,000 oz of silver @ 97.7 g/t silver, with drill intercepts of up to 73 meters of 21 g/t gold and 12 g/t silver.

The Sure Bet Zone is characterized by a series of NW-SE trending faults that occurs within a package of highly folded and faulted Hazelton group sediments. Lidar imagery, drone imagery, and field observations have identified several additional paralleling faults within close proximity to the newly discovered Sure Bet Zone provide. Geochemical analyses confirmed high grade gold-silver polymetallic mineralization within these structures that were followed up on in 2020 (Image of 4sqkm Area). The program included detailed mapping and systematic channel cutting covering the Sure Bet Zone and surrounding area containing multiple NW-SE trending structures.

Mineralization within the Sure Bet Zone consists of structurally controlled zones of massive sulphide containing Galena, Sphalerite and Pyrite. These lenses occur within broad alteration halos of silica flooded sediments which also contain polymetallic mineralization.

The Sure Bet Zone is on the eastern side of the Golddigger property and is underlain by coarse clastic sedimentary rocks of the Stuhini Group that are unconformably overlain by inter-fingered volcanics as well as sedimentary rocks of the Hazelton Group. This contact is known as the ‘Red Line’ and thought to be a key marker in the Golden Triangle when exploring for significant mineralizing systems. The Sure Bet Zone is located within the Hazelton group sedimentary rocks.

The Golddigger property lies within the Stikine Volcanic Arc, including the Eskay Rift and Red Line (Link to Map). Structurally controlled, gold and silver bearing mineralization in these stratabound horizons is preferentially delineated in a NW-SE orientation.

2020 Program Highlights Include:

• The SureBet Main Zone has 750 meters of strike with 450 meters of vertical relief and up to 52.75 meters wide and remains open (Click to Map).

• Mineralization consists of structurally controlled zones of massive sulphides containing Galena, Sphalerite and Pyrite.

• These zones occur within broad alteration halos of silica flooded sediments which also contain polymetallic mineralization.

• A total of 188.25 meters of channel samples taken to  date.

• Assay’s to date from 2019 include:

  • 8.4m channel cut @ 5.37 g/t Au and 144.80 g/t Ag; includes 3.4m of 12.74 g/t Au & 299.68 g/t Ag
  • 1m chip @ 49.50 g/t Au and 862.00 g/t Ag
  • 1m chip @ 38.20 g/t Au and 167.00 g/t Ag
  • 1m chip @ 5.34 g/t Au and 1150.00 g/t Ag
  • 2m chip @ 4.40 g/t Au and 49.20 g/t Ag

Assay’s are pending for all 2020 channel samples totaling 179.85 meters include:

The SureBet Main Zone has 750 meters of strike with 450 meters of vertical relief and up to 52.75 meters wide and remains open (Click to Map) (Click for Video):

  • Total width of 52.75m; 44.35m channel extension taken in 2020
  • 52.75m includes 8.4m taken in 2019 assaying @ 5.37 g/t Au and 144.80 g/t Ag; including 3.4m of 12.74 g/t Au and 299.68 g/t Ag taken in 2019 (Click to Image)
  • Contains strongly silicified volcanic sediment with semi-massive sulphides
  • (Click to Images)

SureBet Central Zone – 47.8m cumulative channels taken:

  • Channels up to 33.4m in length
  • Contains massive to semi massive sulphides and disseminated sulphides
  • (Click to Image)

SureBet Waterfall Zone 33.5m wide and remains open:

  • Channels taken up to 15.1m in length
  • Contains massive to semi massive sulphides and disseminated sulphides
  • (Click to Image)

SureBet North Zone – 18.7m cumulative channels taken and remains open:

  • Channels up to 12.3m in length
  • Contains massive to semi massive sulphides and disseminated sulphides
  • (Click to Image)

SureBet South Zone – 8m channel cut and remains open:

SureBet East Zone – 4m channel cut and remains open to the South:

SureBet West Zone – 4m channel cut and remains open:

SureBet Cliff Zone up to 40m wide:

Cloud 9 Zone – 19.5m cumulative channels taken and remains open; ~800m West of the SureBet Zone (Click to Maps):

  • Channels up to 15.1m in length
  • Contains semi massive and disseminated sulphides
  • (Click to Image)

The successful 2020 program focused on tracing the full extent of the extensive high-grade gold-silver mineralized outcrops identified in 2019 in preparation for the inaugural drill program planned for 2021 (Link to Video). The Company has identified up to 11 drill locations subject to positive assay results from the channel cuts. The program consisted of a series of systematic channel cuts on newly discovered gold-silver mineralized outcrops within a 4 square kilometer area of glacial and snowpack abetment. The zones are up to 52.75 meters wide and have traced on surface for up to 750 meters with 450 meters of vertical relief and remain open. The previously reported 2019 channel highlight of 8.4 meters (true width) assayed5.37 g/t Au and 144.80 g/t Ag over 8.4 meters; including 3.4 meters of 12.74 g/t Au and 299.68 g/t Ag (see news release – Click here).