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."

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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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