Auryn trenches 53m at 1.75g/t Au at the Sombrero Project, Peru
Auryn trenches 53m at 1.75g/t Au at the Sombrero Project, Peru
Vancouver, British Columbia – February 24th, 2017 – Auryn Resources Inc. (TSX: AUG,
OTCQX: GGTCF, “Auryn” or the “Company”) is pleased to provide an exploration update from
its Sombrero skarn-porhyry gold-copper oxide project located in southern Peru . Trenching
results include 53 meters of 1.75g/t Au (including 14 meters of 5.23 g/t Au) of oxide
mineralization at the margin of a newly discovered 2.3 kilometer by 500 meter gold in soils
anomaly ( see Figure 1) . True widths of these intervals have not yet been determined . In
addition, the mineralized footprint of the Sombrero project was significantly expanded with
selective grab samples returning up to 7.54g/t gold and 16.0 % copper in areas that have not
been sampled historically (see Figure 2 and 3).
Chief Geologist and COO, Michael Henrichsen commented, “The results of o ur brief two week
sampling campaign has expanded the known footprint of gold -copper mineralization to 4.5
kilometers by 4.2 kilometers which has increas ed the potential scalability of the mineralized
system at Somb rero considerably. The discovery of high grade trench intercepts, cohesive
gold in soil anomalies and newly identified mineralized skarn bodies within a limited area in the
southern part of the project is an excellent start to our property wide exploration program
planned for Q2, 2017.”
Auryn undertook a two week reconnaissance sampling program in December 2016 which
covered the southern half of the project area where 697 meters of trenching, 336 rock chip and
261 soil samples were collected. The results of this program have significantly expanded the
known mineralization , defining an area of anomalous gold values that is approximately 2.3
kilometers by 500 meters in a region that had only seen limited historical grab sampling.
Rock chip samples were selectively taken within the area of the soil anomaly on mineralized
structures of the outcropping southern skarn system. The rock chip sampling program
produced results up to 7.54g/t gold and 16.0% copper in oxides. The top forty rock samples
for gold and copper from this program are presented in tables 1 and 2. A newly identified
mineralized skarn body has been discovered measuring 300 by 350 meters located 850
meters to the southwest of any previously known mineralization in an erosional window of
overlying volcanic cover (see Figure 1). A total of 113 samples were collected from this zone
with average grades of 0.13g/t Au and 0.16% Cu. This new discovery is considered significant
as we believe it is at the edge of a larger buried skarn system outlined by the magnetics data
(see Figure 2 and 3).
The trenching program was designed to test structural trends identified by field mapping and
magnetics data in areas where historical grab samples returned multi-gram gold. The northern
most trench returned three distinct zones of oxide gold mineralization (see Figure 1) as follows:
53 meters at 1.75 g/t Au (including 14m at 5.23 g/t Au)
37 meters at 1.07 g/t Au (including 11m at 2.65 g/t Au)
11 meters at 0.7 g/t Au
These intervals are estimated to be 35 – 50% of true width based on limited observations of
northerly trending structures within the trench. However, it is possible that the mineralization is
related to large scale northeast trending structures identified in geophysics and by the previous
operator. Additional geologic al mapping, trenching and geophysical surveys are required to
establish the geologic framework on the property to establish the true width of mineralization.
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 gold project located in Nunavut, the Homestake Ridge gold project in
British Columbia and a portfolio of gold projects in southern Peru, through Corisur Peru SAC.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES INC.
“Shawn Wallace”
President and CEO of Auryn Resources Inc.
For further information on Auryn Resources Inc., please contact Jay Adelaar, Manager of
Investor Relations at (778) 729-0600 or [email protected]
Cautionary Statements
The Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed “forward-looking statements”. All
statements in this release, other than statements of historical facts, that address events or
developments that the company expects are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the forward-looking
statements. For more information on the Company, investors should review the Company’s
continuous disclosure filings that are available at www.sedar.com
Soils 2016 (Sombrero, Peru):
Approximately 2 kg of soil material per sample were collected and sent to ALS Lab in Lima,
Peru for preparation and then to ALS Lab in Vancouver for analysis. All samples are analyzed
for gold and multi-element using 50g nominal weight trace level method by aqua regia
digestion and ICP-MS finish (AuME-TL44). QA/QC program for soil samples using internal
standard and blank samples; field and lab duplicates indicate good overall accuracy and
precision.
Grabs 2016 (Sombrero, Peru):
Approximately 2kg of rock chips material per sample were 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 aqua regia digest ICP-
AES/ICP-MS method (ME-MS41). Where ICP21 results were > 3 g/t Au (11 samples in total)
the assay were repeated with 50g nominal weight fire assay with gravimetric finish (Au-
GRA22). Where MS41 results were greater or near 10,000 ppm Cu (4 samples in total) the
assay were repeated with ore grade Cu aqua regia digest method (Cu-OG46). QA/QC
programs for 2016 rock grab samples using internal standard and blank samples; field and lab
duplicates indicate good overall accuracy and precision.
Trenches 2016 (Sombrero, Peru):
Analytical samples were taken from each 1 meter interval of trench floor resulting in
approximately 2-4kg of rock chips material per sample. Collected samples were sent to ALS
Lab in Lima, Peru for preparation and analysis. All samples are assayed using 50g nominal
weight fire assay with atomic absorption finish (Au-AA26) and multi-element aqua regia digest
ICP-AES/ICP-MS method (ME-MS41). QA/QC programs for 2016 trench grab samples using
internal standard and blank samples; field and lab duplicates indicate good overall accuracy
and precision.
Intervals were calculated using a minimum of a 0.1 g/t Au cut-off at beginning and end of the
interval and allowing for no more than seven consecutive samples (seven meters) of less than
0.1 g/t Au.
Michael Henrichsen, P Geo, COO of the Company, supervised the preparation or approved the
scientific and technical disclosure within this news release.
Figure 1: Highlights the location of the trench intercepts within the newly discovered 2.3 km
gold in soils anomaly. In addition a newly discovered 350 meter by 300 meter exoskarn body
is highlighted to the west – southwest of the soil anomaly.
Figure 2: Illustrates the location of the recent and historical rock chip samples highlighting gold
values over an area approximately 4.5 kilometers by 4.2 kilometers.
Figure 3 : Illustrates the location of the recent and historical rock chip samples highlighting
copper values over an area approximately 4.5 kilometers by 4.2 kilometers.
Table 1
Table 2: