SOURCE: Streetwise Reports

Streetwise Reports

May 14, 2015 09:00 ET

Auryn Resources Inc.'s CEO Shawn Wallace Interviewed by The Gold Report

SAN FRANCISCO, CA--(Marketwired - May 14, 2015) - After Agnico Eagle Mines gobbled up Cayden Resources in a mostly share-based deal worth CA$205 million, Shawn Wallace and Ivan Bebek are back with another gold exploration story: Auryn Resources (TSX VENTURE: AUG). The successful tandem -- with Wallace as CEO and Bebek as chairman -- have a following among junior gold investors and hope to grow the Committee Bay gold project in Nunavut into a district-scale project worthy of a suitor's interest. If that's not enough, the company has plans to acquire a low-cost, high-quality gold asset to add to its project portfolio. In this interview with The Gold Report, Wallace shares his perspective on the junior market and his lofty goals for Auryn

The Gold Report: Please give us an overview of Auryn Resources and its genesis.

Shawn Wallace: Auryn Resources Inc. is the third company that Auryn chairman Ivan Bebek and I have started. Previously we founded Keegan Resources and later Cayden Resources. Keegan became Asanko Gold Inc. and it merged with its neighbor, PMI Gold. While working with Asanko in Ghana, we met Auryn COO Michael Henrichsen, a brilliant structural geologist with Newmont Mining Corp.

After Cayden was bought by Agnico Eagle Mines Ltd., our team began a global search for an asset with three key attributes: it had to be a district-scale opportunity, which means a land package where multiple deposits could be developed in the same geological setting; it had to be situated in a stable jurisdiction where people get mining permits in a reasonable timeframe; and it had to be...

Continue reading this interview with Shawn Wallace: Auryn's Management Finds Success in the Prudent, Measured Approach

About Streetwise Reports - The Gold Report

Investors rely on The Gold Report to share investment ideas for the precious metals industry. Our exclusive interviews with leading industry experts and analysts provide a clear picture of the causes of macro-economic shifts and the strategies that will help you capitalize on these developing trends.

DISCLOSURE:
Auryn Resources Inc. paid The Gold Report to conduct, produce and distribute the interview. Shawn Wallace had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Shawn Wallace and not of The Gold Report or its officers.

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