Mining News: Northern Neighbors: Better recoveries, more metals at Homestake

Auryn Resources Inc. Nov. 14 announced results from enhanced metallurgical testing on its Homestake Ridge project in northwestern British Columbia. Results from preliminary metallurgical tests completed under the direction of TS Technical Services Ltd. and Base Metallurgical Laboratories Ltd. demonstrate the ability to produce high-value copper and lead concentrates from both the Homestake Main and Homestake Silver zones respectively. The lead concentrate produced from Silver zone composites contained 26.5 percent lead, 789 grams per metric ton gold and 12,100 g/t silver. A copper concentrate produced from Main gold zone composites contained 25.7 percent copper, 387 g/t gold and 652 g/t silver. “These preliminary metallurgical test results provide further confirmation that the Homestake Ridge Project is a significant mineral asset for Auryn,” said Auryn President and CEO Shawn Wallace. “By processing copper- and lead-rich mineralization separately, we were able to produce high-value concentrates containing four metals as opposed to the previously generated lower value single concentrate containing three metals." The company is currently planning to complete a 10,000- to 15,000-meter drill program at Homestake Ridge next summer.

-Shane Lasley