{2019.04.29_AUG_NewsRelease_AuryntoSampleHistorical.docx v.1} LEGAL_29515744.3 Auryn to Sample Historical Drill Core at Sombrero
{2019.04.29_AUG_NewsRelease_AuryntoSampleHistorical.docx v.1}
LEGAL_29515744.3
Auryn to Sample Historical Drill Core at Sombrero
Vancouver, British Columbia – April 29, 2019 – Auryn Resources Inc. (TSX: AUG, NYSE
AMERICAN: AUG, “Auryn” or the “Company”) is pleased to announce that it has gained access to
drill core from 8 historical drill holes totaling 988 meters of drilling from the Fierrazo target at its Sombrero
Project in Southern Peru (Figure 1). The historical drilling was conducted in 2013 by a s upplier of
concession-holder Corporacion Aceros Arequipa S.A., an established Peruvian steel company, that was
focusing on iron skarn mineralization. The drilling ranged in depths from 51 meters to 217 meters, and is
in the area where Auryn recently sampled 232 meters of 0.55% of copper equivalent (0.47% copper and
0.13 g/t gold) on surface (see April 3, 2019 news release).
A Message from Michael Henrichsen, COO & Chief Geologist:
“We are looking forward to receiving the assay results of the historical drill core as it is from the well -
mineralized area of Fierrazo where Auryn recently completed surface channel sampling. The results from
this core will provide a critical first look at the third dimension of mineralization at the Sombrero proje ct
and will rapidly advance our technical teams understanding of the controls of copper – gold mineralization
within the project.”
A preliminary review of the drill holes from the Fierrazo prospect indicate that the holes will provide assays
from both oxid e and sulphide zones within the exoskarn body at Fierrazo . Previous sampling of these
holes is incomplete as only partial sections of these holes were sampled targeting iron skarn
mineralization.
Auryn is currently logging the historical drill holes in pr eparation for sampling and to gain an
understanding of the geological controls on copper -gold mineralization. T his data will provide an
important calibration of the geophysical responses of the Company’s targets, which are currently being
permitted for drilling.
A Message from Ivan Bebek, Executive Chairman & Director:
“We are fortunate to gain access to drill core a few months prior to our maiden drill program.
The results from the core and the continued advancement of additional targets through ongoing surface
sampling will make for what should be an exciting flow of news as we await drill permits for Sombrero.”
{2019.04.29_AUG_NewsRelease_AuryntoSampleHistorical.docx v.1}LEGAL_29515744.3
Figure 1 illustrates the location of the 8 historical drill holes at the Fierrazo target in relation to the surface work Auryn has
completed to date.
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], or visit www.aurynresources.com
About Auryn
Auryn Resources is a technically -driven, well -financed junior exploration company focused on fin ding 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
{2019.04.29_AUG_NewsRelease_AuryntoSampleHistorical.docx v.1}LEGAL_29515744.3
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 120,000 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 copp er
and gold values from historical surface samples. The principle targets at Sombrero are copper -gold skarn and porphyry systems
and precious metal epithermal deposits.
Continuous Channel Sampling 2019 (Sombrero, Peru)
Analytical samples were taken from each 2-meter interval along the channel sample resulting in approximately 2-3kg 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 30g nominal weight fire assay with atomic absorption finish (Au-AA25) and multi-element four acid digest ICP-AES/ICP-MS
method (ME-MS61). Where MS61 results were greater or near 10,000 ppm Cu, Zn or Pb the assay was repeated with ore grade
four acid digest method (OG62). QA/QC programs for 2019 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% Cu cut-off at beginning and end of the interval and allowing for no more than
six consecutive meters of less than 0.1% Cu with a minimum length of the resulting composite of 5m.
Copper and gold equivalent grades (CuEq and AuEq) were calculated using gold price of $1300/oz and copper price of $3.00/lb.
Forward Looking Information and Additional Cautionary Language
This release includes certain statements t hat 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 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, perfor mance 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, 2018 and subsequent continuous disclosure filings w ith 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 nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.