December 24, 2016 @ 7:41 am

AURYN is pleased to provide the following update regarding its mining operations on the Altos de Lipangue project.

Last month after ENAMI visited our operations and gave us a preliminary approval to begin shipping ore, we announced that we expected to ship three trucks of vein material for test production runs by November 30, 2016.  When it came time to ship the ore to ENAMI we were informed of minor permitting issues which prevented us from conducting the test production runs.  These issues and several mechanical issues in the ventilation system have slowed progress somewhat during the month of December.  Nevertheless, AURYN remains undeterred.

This month we addressed the permitting issues, refiled the permits, and re-conducted the onsite visit with ENAMI. Once again, we received the preliminary approval.  With permitting issue now solved, on December 21, 2016, we received the final approval from ENAMI to begin shipping ore.  In addition, we have purchased a new ventilator with a greater capacity and are installing a new generator to run it.

The first test production shipments commence on Monday, December 26, 2016!

AURYN management would like to thank the miners who are sacrificing time away for the holiday to stay on the mountain and continue mining and exploration activities.  In a show of solidarity, the entire AURYN Executive Team is joining the miners and will spend Christmas Eve on the ADL with them.

From AURYN Mining Chile SpA, we wish you a joyous holiday season and a prosperous New Year.

 


The information in this notification contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

The Company’s forward-looking statements are based on management’s current expectations and assumptions regarding the Company’s business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances.

Investing in specific mining companies is filled with company risk and geological risk.  If you cannot tolerate these kinds of risks, please consider another investment.