September 1, 2016 @ 20:31pm
AURYN Mining Chile SpA is delighted to update our shareholders regarding our continuing efforts toward preparing the Caren mine for production.
On Tuesday, August 30, an older tunnel was uncovered between adits #2 and #3. The vein pictured below was discovered in the tunnel. At this time, we are unable to determine whether this is the same Merlin #1 vein that is at surface, in adit #1, and adit #2 or is a completely separate vein. AURYN geologists will take representative samples from the vein Tuesday, September 5, 2016, and submit them for assaying and analysis.
Work progresses daily on adit #3. We have advanced over 30 meters from the tunnel’s entrance. During the process we encountered three structural faults which required time to sure up the adit in order to prioritize the safety of our workers. We are in the process of crossing the third structural fault in an effort to reach the high grade vein and begin production. Further details will be provided as they become available or at the informational meeting scheduled for October 1, 2016.