Auryn Commences Drilling at Homestake Ridge Gold Project and Provides Update on Drilling Progress at Committee Bay

Auryn Resources Inc. (TSX: AUG, NYSE AMERICAN: AUG, “Auryn” or the “Company” – http://www.commodity-tv.net/c/search_adv/?v=298204) is pleased to announce that drilling has commenced at its 100% owned Homestake Ridge project located in northwestern British Columbia. The program, which began on August 7th, 2018, consists of approximately 3,000 meters of core drilling to target gold mineralization along the high-grade South Reef deposit.

In the 2017 drill program, Auryn intercepted zones of high-grade gold mineralization at South Reef’s down plunge. These intercepts included 30 meters of 2.00 g/t Au (including 4m @ 6.03g/t Au & 2m @ 11.80 g/t Au) and 10 meters of 4.12 g/t Au (including 2m @ 18.01 g/t Au) (see Auryn’s press release dated December 12, 2017 for full results).

This year’s program aims to expand the known resource at South Reef by targeting the down plunge extension along the bottom of a graben, which defines the mineralized corridor (Figure 1).  The drill program will test 500 meters of strike extension along a one-kilometer gold-in-soils anomaly targeting multiple mineralized structures within the graben (Figure 2).

A Message from Michael Henrichsen, COO & Chief Geologist:

“The high-grade resource at the Homestake Ridge project has an exceptional opportunity for expansion along the South Reef mineralized corridor.  Geological modeling based on the 2017 drill campaign has identified a well-defined graben system that is open to the northwest and will be targeted with 6 – 8 drill holes.”

Committee Bay Update:
 

  • Auryn has drilled a total of 7200 meters in the 10,000 meter program
  • 3700 meters of diamond drilling to follow-up on the Aiviq discovery along a 1.2 kilometer strike length
  • 3500 meters of RAB drilling on high-resolution gold-in-till targets at Kalulik, Aarluk, Ridge, and Castle
  • Expected completion of the program is August 25th
  • Results anticipated between mid-September and the end of October

A Message from Ivan Bebek, Executive Chairman & Director:

“The fourth quarter of 2018 will be exciting for Auryn shareholders as we are drilling two fully-funded opportunities for significant gold discoveries in Canada. We have also made great progress in Peru over the summer at our Sombrero project, where we recently identified several drill targets.  Updates can be expected in the coming weeks.

With respect to our recently announced funding, we appreciate the support from existing shareholders and welcome new shareholders. We plan to remain judicious with our treasury in these less-than-optimal market conditions.”

Michael Henrichsen, P.Geo, COO of Auryn, is the Qualified Person who assumes responsibility for the technical disclosures in this press release.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES INC.

Ivan Bebek

Executive Chairman

For further information on Auryn Resources Inc., please contact Natasha Frakes, Manager of Corporate Communications at (778) 729-0600 or info@aurynresources.com.

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch  
www.resource-capital.ch  

About Auryn

Auryn Resources is a technically driven junior mining exploration company focused on delivering shareholder value through project acquisition and development. The Company’s management team is highly experienced with an impressive track record of success and has assembled an extensive technical team as well as a premier gold exploration portfolio. Auryn is focused on scalable high-grade gold deposits in established mining jurisdictions, which include the Committee Bay and Gibson MacQuoid gold projects located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in southern Peru, through Corisur Peru SAC.

Forward Looking Information and additional cautionary language

This release includes certain statements that may be deemed “forward-looking statements”. Forward-looking information is information that includes implied future performance and/or forecast information including information relating to or associated with the acquisition and title to mineral concessions. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers should refer to the risks discussed in the Company’s Annual Information Form and MD&A for the year ended December 31, 2017 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedar.com and the Company’s registration statement on Form 40-F filed with the United States Securities and Exchange Commission and available at www.sec.gov.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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Acando acquires Alterview Net Solution

Acando strengthens its existing NetSuite offering with the market’s most experienced NetSuite company, Alterview Net Solution. Alterview has more than 10 years of NetSuite experience and together with Acando, Sweden’s largest and most experienced NetSuite organization will be created. The new organization will have 30 employees starting from the takeover on September 1.

"Acando has a very strong position on the enterprise systems market and we now want to utilize our specialized expertise within enterprise systems to further accelerate NetSuite’s growth. We have seen a rapidly growing interest in the platform during the past year and with the acquisition of Alterview we will create a foundation for continued expansion both within and outside Sweden", says Christer Norrman, Managing Director, Acando Sweden.

"The acquisition does not only mean that Acando is strengthening its NetSuite business in terms of headcount and platform experience, but Acando also gets access to packages and SuiteApps that can quickly create customer benefits and shorten the implementation time", says Eva Sandberg, SVP Acando.

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Paul Brien supports Kögel dealers in the United Kingdom

Since the beginning of 2017, Trans UK has been distributing new vehicles manufactured by Burtenbach-based trailer manufacturer, Kögel, across the United Kingdom as well as offering rental, leasing, financing and spare parts services. Managing Directors Mike Wilkes and Ian Seagrave have received valuable assistance from the experienced and renowned sales professional, Paul Brien.

Paul Brien has been working in the trailer industry since 1982. He started as an area sales manager in the Dagenham branch of a well-known trailer rental company on the east side of London, and within eight years he helped to transform the company into one of the most successful locations in Europe. In 1990, Brien became managing director of a trailer rental and leasing company. The now 62-year-old spent more than twelve years building a solid profitable multi-location business together with his team. In the next stage of his career, Brien returned to a sales role as National Account Manager for a major UK trailer manufacturer, helping them to become the UK market leader. During the 2008/09 global financial crisis, Brien switched allegiances to another British trailer manufacturer, and at the end of 2013, he decided to take an early retirement.

Fortunately for Kögel, his decision was not final as Brien identified lucrative new prospects together with his friends from Trans UK, Managing Directors Wilkes and Seagrave. He will now use his experience to support and further develop Kögel representation in Britain. Paul Brien’s aim is to “make the Kögel brand more widely known and respected in Great Britain”. Kögel Managing Director Josef Warmeling, who is responsible for sales in western Europe, is delighted: “Trans UK and Kögel are both extremely lucky to have Paul Brien on board. His knowledge and experience in the industry will significantly boost sales of Kögel trailers in Great Britain.”

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New material for generators: thyssenkrupp Schulte supplies material for innovative aluminum fan blades

thyssenkrupp Schulte, a company of thyssenkrupp’s Materials Services business unit, has collaborated with Siemens to develop new fan blades made from a special aluminum alloy. The innovative material is used among other things in generator cooling fans.

Gerald Mulot, sales manager for major customers at thyssenkrupp Schulte, believes this will deliver significant cost benefits to the customer: “Being in close proximity to our customers means we can check their production processes regularly for potential savings. That was the case with the fan blades. The switch from steel to aluminum will provide Siemens with the same functionality at significantly lower cost.”

The optimized part was identified as part of thyssenkrupp Schulte’s central key account support. Extensive tests were conducted and trial deliveries met all requirements.

thyssenkrupp Schulte will now supply Siemens with several tons of aluminum mill products per year from its logistics center in Dortmund on a just-in-time basis. “That will allow Siemens to concentrate fully on its core activities,” says Mulot.

thyssenkrupp Schulte GmbH is a materials partner for carbon and stainless steels and nonferrous metals, providing made-to-measure products for over 70,000 customers in industry, construction and the trades. The company has a broad range of flat products, sections and tubes for all requirements which can be cut to customer specification. Closeness to customers is another key advantage: With over 40 sites in Germany, thyssenkrupp Schulte is always close at hand and can serve customers throughout the country quickly and reliably. A wide product range, professional advice and extensive services round out the portfolio of Germany’s biggest materials distributor.

About Siemens Power & Gas Division

The Siemens Power and Gas Division offers utilities, independent power producers, engineering, procurement and construction companies (EPCs), and oil and gas customers a broad spectrum of products and solutions for the environmentally-compatible and resource-saving generation of power from fossil fuels and renewable sources of energy and for the reliable transportation of oil and gas.

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New material for generators: thyssenkrupp Schulte supplies material for innovative aluminum fan blades

thyssenkrupp Schulte, a company of thyssenkrupp’s Materials Services business unit, has collaborated with Siemens to develop new fan blades made from a special aluminum alloy. The innovative material is used among other things in generator cooling fans.

Gerald Mulot, sales manager for major customers at thyssenkrupp Schulte, believes this will deliver significant cost benefits to the customer: “Being in close proximity to our customers means we can check their production processes regularly for potential savings. That was the case with the fan blades. The switch from steel to aluminum will provide Siemens with the same functionality at significantly lower cost.”

The optimized part was identified as part of thyssenkrupp Schulte’s central key account support. Extensive tests were conducted and trial deliveries met all requirements.

thyssenkrupp Schulte will now supply Siemens with several tons of aluminum mill products per year from its logistics center in Dortmund on a just-in-time basis. “That will allow Siemens to concentrate fully on its core activities,” says Mulot.

thyssenkrupp Schulte GmbH is a materials partner for carbon and stainless steels and nonferrous metals, providing made-to-measure products for over 70,000 customers in industry, construction and the trades. The company has a broad range of flat products, sections and tubes for all requirements which can be cut to customer specification. Closeness to customers is another key advantage: With over 40 sites in Germany, thyssenkrupp Schulte is always close at hand and can serve customers throughout the country quickly and reliably. A wide product range, professional advice and extensive services round out the portfolio of Germany’s biggest materials distributor.

About Siemens Power & Gas Division

The Siemens Power and Gas Division offers utilities, independent power producers, engineering, procurement and construction companies (EPCs), and oil and gas customers a broad spectrum of products and solutions for the environmentally-compatible and resource-saving generation of power from fossil fuels and renewable sources of energy and for the reliable transportation of oil and gas.

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New order from Jindal Group

JSW Steel Ltd. in Toranagallu, India, belonging to Jindal Group, has awarded SMS Concast, a company of SMS group (www.sms-group.com), an order covering a 5(6)-strand high-speed billet caster. This project is part of a bigger expansion plan, and the main objective is a productivity increase.

The existing steel plant consists of a 160-ton electric arc furnace, ladle furnace, billet caster and rolling mill and shall increase the annual production to 1,500,000 tons of steel after installation of the new billet caster. The caster will be designed for fast casting of square billets with an edge length of 165 millimeters.

SMS Concast’s caster configuration will allow the common use of spares in two different steel meltshops. This is one big feature to decrease OPEX.

Furthermore, latest technology will be applied to reach the specified productivity and OPEX targets. One special product is the lowmaintenance oscillation drive called CONDRIVE, another the advanced INVEX® mold technology.

The CONDRIVE mold oscillation represents a totally new approach combining the advantages of hydraulic and mechanic drives in one. Due to the innovative torque drive, the amplitude, frequency and oscillation profile can be adjusted online and independently. Thus it grants full functionality, however without the hydraulic system drawbacks in terms of maintenance and piping. In this context, CONDRIVE is one part of the advanced maintenance concept with a view to reduced spare parts inventory.

Regarding productivity, the SMS Concast-developed INVEX® mold allows for very high strand throughputs in the area of 790 kg/min. The special tube geometry and enhanced water cooling features allow the mold to achieve efficient heat transfer and thus a more uniform solidification at the faces and in the corner areas, thus enabling higher casting speeds.

“Considering the very good performance of the existing SMS Concast equipment, its advanced technology and reduced OPEX, we have decided to go for another co-operation in order to implement our expansion plan,” says Mr. Purushottam Prasad from JSW Steel Ltd.

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M-Enabling Forum Europe at REHACARE 2108

M-Enabling Forum Europe takes place at the Congress Center of Messe Düsseldorf on September, 27th 2018. The high-level event is organized by E.J.Krause & Associates, Inc. und G3ict. The M(obile)-Enabling Forum is a conference with accompanying showcase and presents participants the latest digital barrier-free products and services as well as assistive solutions for seniors and people with disabilities.

Inmaculada Placencia Porrero from the EU commission will speak on the opening session of the conference. The senior expert for disability and inclusion from DG for Employment, Social Affairs and Inclusion will inform the participants about the actual status of the new European Accessibility Act (EAA).

During the single panel discussions the professionals will talk about the opportunities how accessible digital services and technologies enable an independent living for all. Topics like education, work place, public administration, social life, health care, mobile care services are included.

At the M-Enabling Forum Europe 2018 speakers from technology enterprises like Apple, Microsoft or Orange will encounter representatives from organizations as the European Disability Forum, die Hilfsgemeinschaft der Blinden und Sehschwachen Österreichs or the European Federation of Hard of Hearing People. The full agenda and the present exhibitors are available on the official website.

REHACARE visitors gain free entry to the showcase. Attendance at the conference is subject to a fee, online registration is possible via website.

 

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Innovative „Train Ring“ is the best rail train solution – Switch Cars, No Reconfiguration

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Reduce Cost with High Customer Satisfaction

During current train operation, train cars might need to be separated and reoriented due to more flexible operating requirement. Take MRT for example, it needs more cars during peak hours while only few cars are needed during offpeak hours. A longdistance train route may separate into two shorter trains and heading to different destinations at a junction point. When a train system has higher flexibility, it can utilize the resource and reduces operational costs.

When train cars are switched, reconfigure network settings is normally required. Thus, railway operators need to have enough knowledge of Ethernet. This not only increases the cost of labor but also result in additional time. Also, train car switching will cause the interruption of networks, effecting passenger information system and intrain WiFi service.

Passenger’s tolerance toward network interruption is limited and this is one of the important factors of customer satisfaction.

Train Ring vs. Existing Solutions

Common Rapid Spanning Tree Protocol (RSTP) and Coupling Ring can be applied to rail train network for redundancy of multiple train cars. However, each solution has its own drawbacks such as longer recovery time or nonautomatic recovery. Lantech provides a new solution called "Train Ring", which can automatically recover the network within 50ms without reconfigure the settings!

Lantech Train Ring is evolved from traditional Coupling Ring. It eliminates the setting process, and will automatically identify the primary and backup path dynamically, without any configuration required.

Lantech Train Ring allows train operators to rapidly change composition of trains with high efficiency and flexibility. Since all settings are done automatically, configuration errors and cost can be minimized. The recovery time of Train Ring is less than 50ms, so passengers can hardly recognize the interruption caused by topology change.

For more details, please visit our homepage:

www.lantechcom.eu

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ArcelorMittal Bremen will upgrade its hot strip mill with the aid of SMS group

ArcelorMittal Bremen, Germany, has contracted SMS group (www.sms-group.com) to modernize its hot strip mill with the objective of improving hot strip tolerances.

The upgrade will comprise the installation of a CVC®plus work roll shifting system with integrated bending mechanism and of new drive spindles in the first three mill stands of the finishing line, plus the installation of a new PCFC® (Profile, Contour and Flatness Control). The modernization will provide ArcelorMittal Bremen with a powerful actuator to influence strip profile and strip flatness.

The facility in Bremen is the third hot strip mill of the ArcelorMittal group to be equipped with the CVC®plus system (Continuously Variable Crown) by SMS group within a short period. Axial shifting of the work rolls, that come with the special CVC®plus crown, combined with roll bending system and the technological process model PCFC® permit the roll gap to be perfectly adjusted to changing process conditions and hence to produce strips with close geometrical tolerances. The drive spindles to be supplied to ArcelorMittal Bremen will be SIEFLEX® HT gear-type self-aligning spindles (High Torque) developed by SMS group.

Finishing stands F1 to F3 will be modernized in two steps during the regular annual maintenance downtimes in October 2018 and October 2019. The PCFC® will be integrated before the second downtime already and run in parallel to the existing control system. Thanks to this so-called shadow mode, it will be possible to check all functions, interaction with the automation environment as well as model adjustment prior to commissioning, and finally to ensure the smooth start of production.

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ARTES and Minapharm joint forces

ARTES Biotechnology GmbH, Germany, and Minapharm Pharmaceuticals and Chemical Industries S.A.E., Egypt, jointly announced today the formation of a new strategic business pact.

Aim of this new strategic business cooperation is to jointly out-license combinations of ARTES’ and Minapharm’s respective proprietary technologies and products to third parties worldwide. Both partners own and control technologies for microbial and mammalian recombinant cell lines, processes and products.

The already existing and established partnership among the companies bases on a successful, long lasting business relationship. In this, ARTES acts as specialist for microbial cell line and process development for recombinant proteins and Minapharm on the other hand is the major player for production and marketing of bio-pharmaceuticals in the MENA region.

“With the combination of ARTES’ and Minapharm’s business intelligence and service solutions future clients will benefit from our latest, innovative developments ”, Dr. Michael Piontek, Managing director of ARTES stated, “and will get robust, proven manufacturing experience and product registration.” Proven safety and efficacy of products will team up with high yield and low cost manufacturing technology.

“The established alliance with ARTES continuously confirms Minapharm’s position as a regional biotech leader. Our emergence as such contributes to a radical shift in both innovation and affordability of biopharmaceuticals as a function of time. We have been able to demonstrate the viability of our strategy to offer patients in the developing world with a timely benefit of novel therapeutic proteins. Our biopharmaceutical pipeline portfolio reflects great potential to expand our strategy and offers solutions for the management of medical emergencies. We are glad that ARTES is sharing our vision” said Frank Mueller, Senior Manager Biopharmaceutical Projects of Minapharm.

For more information regarding availability of cell lines and process technology, please see contact below.

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