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Auryn Resources Inc
Symbol AUG
Shares Issued 95,182,400
Close 2019-10-08 C$ 1.62
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Auryn Resources starts work at Curibaya

2019-10-09 07:33 ET - News Release

Mr. Ivan Bebek reports


Auryn Resources Inc. has commenced work on its 100-per-cent-owned Curibaya project located in the Tacna province in southern Peru.

The company is currently upgrading existing road access into the project and plans to conduct geological and alteration mapping as well as a rock sampling program in order to define the epithermal and porphyry styles of mineralization that have been outlined by historical work. This program will concentrate on the newly acquired Sambalay and Salvador concessions, where historical sampling included up to 13.5 per cent copper, 23.6 grams per tonne gold and 14,180 g/t silver in a two-kilometre-by-3.3-kilometre quartz-sericite-pyrite alteration system.

Upon completion of this first phase of exploration, Auryn will initiate a second phase, consisting of ground-based magnetics and induced polarization geophysical surveys, across the main alteration zone. Auryn expects to apply for a drill permit for Curibaya in the first quarter of 2020, with the aim of carrying out the first-ever drill program on the property in the fourth quarter of 2020.

Ivan Bebek, executive chairman and director, said: "We are very excited to begin advancing the Curibaya project as it represents another exceptional exploration opportunity for both precious and base metals. The project is situated within a belt that hosts world-class mines, and the historical sampling at Curibaya demonstrates that it has considerable high-grade silver, gold and copper on surface.

"This year we made significant progress in building and advancing our Peruvian portfolio through acquisitions, community programs, surface exploration and permitting. This groundwork is setting the stage for 2020, when we anticipate drilling Sombrero and Curibaya sequentially, creating continuous opportunities for Tier 1 discoveries."

Michael Henrichsen, chief operating officer, PGeo, is the qualified person who assumes responsibility for the technical contents of this press release.

About Auryn Resources Inc.

Auryn Resources is a technically driven, well-financed junior exploration company focused on finding and advancing globally significant precious and base metal deposits. The company has a portfolio approach to asset acquisition and has seven projects, including two flagships: the Committee Bay high-grade gold project in Nunavut and the Sombrero copper-gold project in southern Peru.

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