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UPDATE: Auryx Gold Digs 4% Loss Even with Discovery of New Zone at The Otjikoto Gold Project

Shares of Auryx Gold Corp. (AYX.TO) lost nearly 4% and have touched the lower end of a $0.75 to $0.78 range even with the company's announcement earlier today about the discovery of a new zone, the "K2 shoot", at Otjikoto.

Auryx's CEO, Mr. Searcy comments: "The K2 shoot is a true geologic discovery. The new structurally controlled model that we have developed is a significant step forward in our geologic modelling and drill targeting at Otjikoto. I expect that this will greatly improve the exploration hit rate and it has positive implications for resource growth."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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