Categories:
General Market Commentary
/
Precious Metals
Topics:
General Market Commentary
/
General Precious Metals
Auryn Resources (TSX: AUG)(OTC: GGTCF) Undertakes Largest Gold Exploration Discovery Program in the World
(Click to Listen on OutsiderClub.com)
Gerardo Del Real: This is Gerardo Del Real with The Outsider Club.
Joining me today is executive chairman of Auryn Resources (TSX: AUG)(OTC: GGTCF), Mr. Ivan Bebek. Mr. Bebek has nearly two decades of experience in financing, foreign negotiations, and acquisitions in the mineral exploration industry. His understanding of the capital markets and ability to position, structure, and finance companies that he has been associated with has been instrumental in their successes. Mr. Bebek formally was the president, CEO, and co-founder of Cayden Resources, which of course was sold to Agnico Eagle for $205 million in November of 2014. He's also the co-founder and director of Stratton Resources and a co-founder of Keegan Resources, which is now Asanko Gold.
Ivan, thank you so much for joining me today.
Ivan Bebek: Thank you for having me, it's a pleasure to be here.
Gerardo Del Real: Well, it's been a few months since we've spoke. The last time we spoke, we talked about the concept of one of the most aggressive exploration drill programs that you were looking to launch in 2017, and now, we're weeks away from that. In three weeks’ time, the company will start what I think is the single largest exploration discovery drill program in the world. It's 25 targets, 6 projects, it's 55,000 meters. Can you share some of the details for us?
Ivan Bebek: Thanks again. It's an exceptionally exciting time. Finding these gold mines or gold deposits as we've done with our previous companies has led to some great successes. We added a new, really big layer to our formula, and that's been by expanding our technical team dramatically. In the downturn, not only did we acquire some incredible assets, we got one of the deepest technical teams, which was predominantly formally Newmont's global exploration team, which is an outstanding group of experts that have found several million ounces of gold. To take on this big program, there's been a lot of prep work done to get these things to a drill-ready state.
As I was saying to you in a previous conversation, as we take off the layers on each target, the surface layers of data that we're collecting before we drill it, we're getting to the point on a few of them where we lose a lot of sleep because of the scale of how big they could be or how rich they could be. Not only are we going to take 25 really good shots at finding 25 substantial goldmines, but we're actually going to do that and a few of them could be something that the world talks about for many years to come. The company is really well-positioned for major gold discovery this year.