Auryn Samples up to 31.6 g/t Gold and 5.25% Copper in the Ferrobamba limestone at Sombrero
October 15 2018 - 7:00AM
Auryn Resources Inc. (TSX: AUG, NYSE AMERICAN: AUG,
“Auryn” or the “Company”) is pleased to announce more
favorable results from its Sombrero project in southern Peru
following a rock sampling program focused on the Ferrobamba
limestone. The Company has also staked an additional 11,000
hectares to the east and contiguous to its Sombrero North claims as
a result of prospective sampling.
A Message from Michael Henrichsen,
C.O.O. and Chief Geologist:
“The presence of significant zones of
gold-copper bearing jasperoid veins within the Ferrobamba limestone
shows that there is mineralization on both sides of the contact
zone. This is an important line of evidence that validates
our premise that a significant copper-gold skarn body could exist
within the 3.5-km-long target zone.”
Rock sampling has defined two separate
mineralized jasperoid zones that are 650 meters and 200 meters in
length respectively (Figure 1). These rock samples are taken
from a series of 1 – 2 meter-wide jasperoid veins that collectively
define the two areas of gold and copper mineralization within the
limestone. The mineralized jasperoid veins are considered as
leakage structures from interpreted underlying mineralization
situated along the target zone.
The additional 11,000 hectares the Company
staked are based on positive stream sediment results that have
defined a series of anomalous drainage basins. Collectively,
these drainage basins illustrate two separate porphyry-style
anomalies that are defined by copper – molybdenum – zinc
geochemical signatures (Figure 2).
Results from the rock samples are presented in
Table 1.
Table 1:
Sombrero Rock Samples* |
|
|
Sample |
Au
(g/t) |
Ag
(g/t) |
Cu
(%) |
|
|
W654602 |
31.60 |
35.20 |
0.420 |
|
|
W654607 |
5.91 |
6.02 |
5.250 |
|
|
W647941 |
3.51 |
13.25 |
0.273 |
|
|
W654692 |
3.09 |
24.40 |
0.021 |
|
|
W654604 |
2.98 |
22.50 |
0.020 |
|
|
W647943 |
1.05 |
23.20 |
0.122 |
|
|
W654611 |
0.88 |
5.66 |
0.071 |
|
|
W654605 |
0.84 |
0.53 |
0.138 |
|
|
W654615 |
0.69 |
2.97 |
0.376 |
|
|
W654612 |
0.62 |
2.97 |
0.012 |
|
|
W654614 |
0.62 |
1.99 |
0.026 |
|
|
W647949 |
0.55 |
1.32 |
0.016 |
|
|
W654606 |
0.50 |
1.82 |
0.436 |
|
|
W647948 |
0.42 |
1.74 |
0.047 |
|
|
W647944 |
0.41 |
19.65 |
0.284 |
|
|
W654666 |
0.30 |
5.56 |
0.039 |
|
|
W654667 |
0.24 |
7.17 |
0.054 |
|
|
W654617 |
0.01 |
1.18 |
0.413 |
|
|
W654655 |
<
0.01 |
1.34 |
0.378 |
|
|
W654632 |
<
0.01 |
9.51 |
0.215 |
|
|
W654619 |
<
0.01 |
0.58 |
0.149 |
|
|
* Approximately 2-3kg of material was collected for
analysis and sent to ALS Lab in Lima, Peru for preparation and
analysis. All samples are assayed using 30g nominal weight fire
assay with ICP finish (Au-ICP21) and multi-element four acid digest
ICP-AES/ICP-MS method (ME-MS61). Where ICP21 results were > 3
g/t Au the assay were repeated with 30g nominal weight fire assay
with gravimetric finish (Au-GRA21). Where MS61 results were greater
or near 10000 ppm Cu, 10000ppm Pb or 100ppm Ag the assay were
repeated with ore grade four acid digest method (Cu-OG62). QA/QC
programs for 2018 rock samples using lab duplicates, standards and
blanks indicate good accuracy and precision in a large majority of
standards assayed. |
|
|
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/58ab463c-178f-494d-bfdc-247d69cc3d64
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/b6bd2950-6136-4a60-a041-8245c268cb05
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.
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.
About Sombrero
This project consists of the North Sombrero and
South Sombrero properties, comprising approximately 100,000
mineral claims owned or optioned by Auryn Resources. The
copper-gold Sombrero mining concessions are located 340 kilometers
SE of Lima in southern Peru and are hosted in the
Andahuaylas-Yauri belt. This belt is interpreted to be on the
north-western margins of this Eocene-Oligocene aged copper-gold
porphyry and skarn belt that hosts the Las Bambas, Haquira, Los
Chancas, Cotambambas, Constancia, Antapaccay and Tintaya
deposits. The project is characterized by a strong structural
control and significant copper and gold values from historical
surface samples. The principle targets at Sombrero are
copper-gold skarn and porphyry systems and precious metal
epithermal deposits.
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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