Auryn Receives Approval to Resume Work in Peru and Provides Update
Auryn Receives Approval to Resume Work in Peru and Provides Update
Vancouver, Canada – June 17th, 2020 – Auryn Resources Inc. (TSX: AUG, NYSE American: AUG)
(“Auryn” or the “Company”) is pleased to announce that it is resuming exploration activities at its
Sombrero and Curibaya projects in southern Peru. The Company has received approval from the
Peruvian government to resume work following restrictions that had been put in place due to COVID-19.
A Message from Ivan Bebek, Executive Chairman & Director:
“It is very exciting to be getting back to work in Peru . Our exploration opportunities are substantial and
although COVID has lengthened the process to acquire permits, this time has allowed us to become
more involved w ith surrounding communities, and we can now move forward with a much more
comprehensive foundation.
“We are confident that our drill permit for Sombrero will advance as restrictions in Peru continue to ease
and w e appreciate the patience and support from our shareholders through the last quarter of
uncertainties.
“We are looking forward to the second half of 2020, which will be busier as we resume exploration and
permitting efforts at both our Curibaya and Sombrero projects.”
Summary of Peruvian Work Plan:
Curibaya Project: The upcoming work plan at the Curibaya project consists of pre-drilling work, with the
intent of applying for a drill permit as soon as targeting is complete . The program is outlined as follows
(Figure 1):
• Improvement of road access , due to previous flood damage , and establishment of an exploration
camp on site.
• 450-line-kilometer airborne magnetics and radiometrics survey s over the four -by-five-kilometer
alteration center that hosts the high-grade precious metal veins.
• 2000 meters of channel sampling along both the defined vein corridors and the margins of the dome
complexes, which Auryn’s technical team believes are the source of the high-grade veins observed
on the project.
• 30-line kilometers of ground -based geophysical induced polarization surveys across the vein
corridors and the margins of the dome complexes.
Sombrero Project: The work plan at the Sombrero project consists of continuing the drill permitting
process that has been suspended due to COVID -19 restrictions emplaced by Peruvian authorities. Our
Peruvian community teams are working with the Huanca Sancos community to deliver a positive outcome
for the Consulta Previa process, to which we are liaising with the government and community to ensure
support of Auryn’s drill program at the Sombrero Main target area. In addition, Auryn is working towards
traditional community agreements with the Lucanamarca and San Jose de Huarcaya communities such
that the Nioc and Good Lucky targets can be advanced while awaiting drill permits.
In addition, Auryn plans to advance the Ccello high sulphidation precious metal target in the south ern
region of the Sombrero district with a ground -based geophysical induced polarization survey over the
two-by-two-kilometer alteration system that is characterized by silver mineralization and associated
pathfinder elements of arsenic and antimony (Figure 2). The survey will consist of approximately 8 -line
kilometers, enabling Auryn’s technical team to advance to the next phase of targeting in this newly
discovered system.
Figure 1: Illustrates the work plan on the Curibaya project , consisting of both airborne and ground -based geophysical surveys,
as well as channel sampling along high -grade vein corridors. This program will allow Auryn to advance to drill -stage on the
project.
Figure 2: Illustrates the position of the induced polarization lines planned for the Ccello high sulphidation precious metal prospect
in the southern region of the Sombrero district.
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 and Director
For further information on Auryn Resources, please contact Natasha Frakes , Manager of Corporate
Communications at (778) 729-0600 or [email protected].
About Auryn
Auryn Resources is a technology -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 s ix projects,
including two flagships: the Committee Bay high-grade gold project in Nunavut and the Sombrero copper-gold project in southern
Peru. Auryn’s technical and management teams have an impressive track record of successfully monetizing assets for all
stakeholders and local communities in which it operates. Auryn conducts itself to the highest standards of corporate governance
and sustainability.
About Sombrero
This project consists of the North Sombrero and South Sombrero properties, comprising over 1 30,000 hectares 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 th at 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 principal targets at Sombrero are copper-gold skarn and porphyry systems
and precious metal epithermal deposits.
About Curibaya
Auryn acquired 100% ownership of the Curibaya property in 2015 and the adjacent Sambalay and Salvador concessions in
2019, which collectively consist of approximately 11,000 hectares. The Curibaya project covers the regional Incapuquio fault
zone and subsidiary structures, which are interpreted as one of the fundamental controls for both epithermal and porphyry styles
of mineralization within the region.
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 associa ted
with the acquisition and title to mineral concession s. 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, performanc e 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, 2019 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.
Disclaimer
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.