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Auryn Resources Inc. Technical Report on The AURYN RESOURCES INC. TECHNICAL REPORT ON THE COMMITTEE BAY PROJECT, NUNAVUT TERRITORY, CANADA NI 43-101 Report Qualified Person: David Ross, M.Sc., P.Geo. May 31, 2017 Amended October 23, 2017 RPA 55 University Ave. Suite 501 I Toronto, ON, Canada M5J 2H7 IT + 1 (416) 947 0907 www.rpacan.com Report Control Form Document Title Technical Report on the Committee Bay Project, Nunavut Territory, Canada Client Name & Address Auryn Resources Inc. 600-1199 West Hastings Street Vancouver, B.C. V6E 3T5 Document Reference Status & FINAL Project #2655 Issue No. Version Issue Date October 23, 2017 Effective Date May 31, 2017 Lead Author David Ross (Signed) Peer Reviewer Deborah McCombe (Signed) (name) Project Manager Approval David Ross (Signed) (name) Project Director Approval Luke Evans (Signed) (name) Report Distribution Name No. of Copies Client RPA Filing 1 (project box) Roscoe Postle Associates Inc. 55 University Avenue, Suite 501 Toronto, ON M5J 2H7 Canada Tel: +1 416 947 0907 Fax: +1 416 947 0395 [email protected] www.rpacan.com TABLE OF CONTENTS PAGE 1 SUMMARY ...................................................................................................................... 1-1 Executive Summary ....................................................................................................... 1-1 Technical Summary ....................................................................................................... 1-6 2 INTRODUCTION ............................................................................................................. 2-1 3 RELIANCE ON OTHER EXPERTS ................................................................................. 3-1 4 PROPERTY DESCRIPTION AND LOCATION ................................................................ 4-1 5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ............................................................................................................... 5-1 6 HISTORY ........................................................................................................................ 6-1 7 GEOLOGICAL SETTING AND MINERALIZATION .......................................................... 7-1 Regional Geology .......................................................................................................... 7-1 Local Geology ................................................................................................................ 7-4 Property Geology ........................................................................................................... 7-8 Mineralization .............................................................................................................. 7-15 8 DEPOSIT TYPES ............................................................................................................ 8-1 9 EXPLORATION ............................................................................................................... 9-1 10 DRILLING .................................................................................................................... 10-1 RAB Drilling ................................................................................................................. 10-3 Diamond Drilling ........................................................................................................ 10-12 11 SAMPLE PREPARATION, ANALYSES AND SECURITY ............................................ 11-1 Sample Transport, Storage and Security ..................................................................... 11-2 Sample Preparation ..................................................................................................... 11-2 Sample Analysis .......................................................................................................... 11-2 12 DATA VERIFICATION ................................................................................................. 12-1 Site Inspection ............................................................................................................. 12-1 Database Verification ................................................................................................... 12-2 Quality Assurance and Quality Control ........................................................................ 12-3 13 MINERAL PROCESSING AND METALLURGICAL TESTING ..................................... 13-1 14 MINERAL RESOURCE ESTIMATE ............................................................................. 14-1 Summary ..................................................................................................................... 14-1 Wireframe Models ........................................................................................................ 14-2 Sample Database and Statistics .................................................................................. 14-5 Capping of High Grades .............................................................................................. 14-6 Composites .................................................................................................................. 14-6 Geostatistics ................................................................................................................ 14-7 Block Model ............................................................................................................... 14-10 Auryn Resources Inc. – Committee Bay Project, Project #2655 Technical Report NI 43-101 – October 23, 2017 Page i www.rpacan.com Search Strategy ......................................................................................................... 14-11 Bulk Density ............................................................................................................... 14-11 Block Model Validation ............................................................................................... 14-12 Classification ............................................................................................................. 14-12 Cut-off Criteria ........................................................................................................... 14-13 15 MINERAL RESERVE ESTIMATE ................................................................................ 15-1 16 MINING METHODS ..................................................................................................... 16-1 17 RECOVERY METHODS .............................................................................................. 17-1 18 PROJECT INFRASTRUCTURE .................................................................................. 18-1 19 MARKET STUDIES AND CONTRACTS ...................................................................... 19-1 20 ENVIRONMENTAL STUDIES, PERMITTING, AND SOCIAL OR COMMUNITY IMPACT ......................................................................................................................................... 20-1 21 CAPITAL AND OPERATING COSTS .......................................................................... 21-1 22 ECONOMIC ANALYSIS............................................................................................... 22-1 23 ADJACENT PROPERTIES .......................................................................................... 23-1 24 OTHER RELEVANT DATA AND INFORMATION ........................................................ 24-1 25 INTERPRETATION AND CONCLUSIONS .................................................................. 25-1 26 RECOMMENDATIONS................................................................................................ 26-1 27 REFERENCES ............................................................................................................ 27-1 28 DATE AND SIGNATURE PAGE .................................................................................. 28-1 29 CERTIFICATE OF QUALIFIED PERSON .................................................................... 29-1 30 APPENDIX 1 ............................................................................................................... 30-1 Property Description .................................................................................................... 30-1 31 APPENDIX 2 ............................................................................................................... 31-1 SIGNIFICANT HISTORICAL DRILL RESULTS ............................................................ 31-1 LIST OF TABLES PAGE Table 1-1 Mineral Resources as of May 31, 2017 ............................................................. 1-2 Table 1-2 Proposed Budgets ............................................................................................ 1-5 Table 5-1 Climatic Data .................................................................................................... 5-2 Table 10-1 Summary of Auryn Drilling ............................................................................ 10-1 Table 10-2 Auryn RAB Drilling ........................................................................................ 10-3 Table 10-3 Auryn Significant RAB Intersections .............................................................. 10-5 Table 10-4 Auryn Diamond Drilling ............................................................................... 10-12 Table 10-5 Auryn Significant DDH Intersections ........................................................... 10-13 Table 12-1 2015-2016 CRMs .........................................................................................
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