Auryn trenches 61 meters of 0.7g/t gold and 9.5 g/t silver of oxide mineralization at Huilacollo
Auryn trenches 61 meters of 0.7g/t gold and 9.5 g/t silver of oxide
mineralization at Huilacollo
Vancouver, British Columbia – June 1, 2018 – Auryn Resources Inc. (TSX: AUG, NYSE
American: AUG) (“Auryn” or the “Company) is pleased to announce encouraging results
from its initial three trenches at the Tacora target within the Huilacollo oxide gold project in
southern Peru (Figure 1) . Broad zones of oxide gold and silver mineralization were
encountered within hydrothermal breccia bodies that form part of a 1.5 km long structural
corridor that defines the Tacora target (Figure 2).
The Tacora target is located approximately 3 km to the southwest of Andamarca hill, the area
of historic drilling and known mineralization. The three trenches define 170 meters of
mineralized strike length within exposed breccia bodies which remains open both to the
northeast and southwest. In addition, the width of the mineralization remains open due to deep
colluvium cover that was encountered during the trenching program.
Auryn has completed a talus fine survey over the 1.5 kilometer long structural corridor to define
the gold and silver mineralization f ootprint within the target zone, results are outstanding . A
follow up trenching program has been designed to expand the mineralized system.
Michael Henrichsen, COO & Chief Geologist of Auryn, stated “The broad zones of oxide gold
and silver mineralization encountered in hydrothermal breccias at surface confirm our thesis
that the Tacora target has the potential to become a significant body of mineralization. We
look forward to obtaining the results from our talus fine survey to define the entire footprint of
the mineralized system and to expanding our trenching program as we move toward
understanding full potential of the Huilacollo oxide gold system.”
The trench results are presented below in Table 1 and are highlighted by 61 meters of 0.7g/t
gold and 9.5 g/t silver including 25 meters of 0.99 g/t gold and 13.34 g/t silver.
Table 1:
Trench ID From (m) To (m) Length (m) Au g/t Ag g/t Au Equivalent
18-TAC-001 0 61 61 0.70 9.5 0.824 g/t
Including 36 61 25 0.99 13.3 1.15 g/t
18-TAC-002 0 52 52 0.37 7.7 0.46 g/t
18-TAC-003 1 15 14 0.29 6.25 0.31 g/t
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 [email protected]
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 N unavut, the Homestake Ridge gold project in British Columbia and
a portfolio of gold projects in southern Peru, through Corisur Peru SAC.
Forward Looking Information and additional cautionary language
This release includes certain statements that may be de emed “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 achi evements 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.
Auryn holds its interests in Peru through Corisur Peru SAC, which controls (among other) certain
licenses (including the Huilacollo and Banos del Indio projects) that are located within a special legal
zone which runs 50km back from the Peruvian border. As a non- Peruvian company, Auryn’s right to
ultimately acquire title over the shares issued by Corisur Peru SAC and to own and/or exploit these
licenses requires approval from the Peruvian government. While Auryn is in the process of submitting
its applications with respect to the approval and does not currently foresee any legal reason why it
would be denied the approval, some risk of denial or delay should be assumed to exist.
Tacora Trench Samples - Analytical samples were taken from each 1 meter interval of trench floor
resulting in approximately 2kg of rock chips material per sample. Collected samples were sent to ALS
Lab in Lima, Peru for pr eparation and analysis. All samples are assayed using 30g nominal weight fire
assay with atomic absorption finish (Au- AA25) and multi -element aqua regia digest ICP -AES/ICP-MS
method (ME -MS41). QA/QC programs for 2018 trench samples using internal standard and blank
samples, field and lab duplicates indicate good overall accuracy and precision.
Intercepts are calculated using a minimum of a 0.2 g/t Au cut off at beginning and end of the intercept
and allowing for no more than five consecutive samples (five m eters) of less than 0.2 g/t Au. Minimum
allowed length of the resulting composite intercept is five metres.
Disclaimer
The Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Figure 1: Illustrates the location of the 1.5 km long structural corridor that hosts the oxide gold
and silver mineralization discovered at the Tacora.
Figure 2: Illustrates the 170 meter strike length of oxide gold and silver mineralization defined
by the Auryn’s trenching program. The mineralization remains open along the 1.5 km structural
corridor.
Figure 3: Illustrates the position of trenches 18- TAC-001 AND 18- TAC-002 hosted within
hydrothermal breccia bodies.
Figure 4: Illustrates the resistive nature of the breccia bodies that host the oxide gold and
silver mineralization bodies within the Tacora target area.