Mr. Ivan Bebek reports
AURYN SAMPLES UP TO 31.6 G/T GOLD AND 5.25% COPPER IN THE FERROBAMBA LIMESTONE AT SOMBRERO
Auryn Resources Inc. has released more favourable results from its Sombrero project in southern Peru following a rock sampling program focused on the Ferrobamba limestone. The company has also staked an additional 11,000 hectares to the east and contiguous to its Sombrero North claims as a result of prospective sampling.
A message from Michael Henrichsen, chief operating officer and chief geologist: "The presence of significant zones of gold-copper-bearing jasperoid veins within the Ferrobamba limestone shows that there is mineralization on both sides of the contact zone.This is an important line of evidence that validates our premise that a significant copper-gold skarn body could exist within the 3.5-kilometre-long target zone."
Rock sampling has defined two separate mineralized jasperoid zones that are 650 metres and 200 metres in length, respectively.These rock samples are taken from a series of one-to-two-metre-wide jasperoid veins that collectively define the two areas of gold and copper mineralization within the limestone. The mineralized jasperoid veins are considered as leakage structures from interpreted underlying mineralization situated along the target zone.
The additional 11,000 hectares the company staked are based on positive stream sediment results that have defined a series of anomalous drainage basins.Collectively, these drainage basins illustrate two separate porphyry-style anomalies that are defined by copper-molybdenum-zinc geochemical signatures. Results from the rock samples are presented in the associated table.
SOMBRERO ROCK SAMPLES*SampleAu AgCu(g/t)(g/t) (%)W65460231.6035.20 0.420W654607 5.91 6.02 5.250W647941 3.5113.25 0.273W654692 3.0924.40 0.021W654604 2.9822.50 0.020W647943 1.0523.20 0.122W654611 0.88 5.66 0.071W654605 0.84 0.53 0.138W654615 0.69 2.97 0.376W654612 0.62 2.97 0.012W654614 0.62 1.99 0.026W647949 0.55 1.32 0.016W654606 0.50 1.82 0.436W647948 0.42 1.74 0.047W647944 0.4119.65 0.284W654666 0.30 5.56 0.039W654667 0.24 7.17 0.054W654617 0.01 1.18 0.413 less thanW654655 0.01 1.34 0.378 less thanW654632 0.01 9.51 0.215 less thanW654619 0.01 0.58 0.149* Approximately two to three kilograms of material were collected for analysis and sent to ALS Lab in Lima, Peru, for preparation and analysis. Samples are assayed using 30-gram nominal weight fire assay with ICP (inductively coupled plasma) finish (Au-ICP21) and multielement four-acid digest ICP-AES/ICP-MS (inductively coupled plasma atomicemission spectroscopy/inductively coupled plasmamass spectrometry) method (ME-MS61). Where ICP21 results were greater than three g/t Au the assay was repeated with 30 g nominal weight fire assay with gravimetric finish (Au-GRA21). Where MS61 results were greater or near 10,000 parts per million copper, 10,000 ppm lead or 100 ppm silver the assay was repeated with ore-grade four-acid digest method (Cu-OG62). Quality assurance/qualitycontrol programs for 2018 rock samples using lab duplicates, standards and blanks indicate good accuracy and precision in a large majority ofstandards assayed.
Mr. Henrichsen is the qualified person who assumes responsibility for the technical disclosures in this press release.
About Auryn Resources Inc.
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 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 Nunavut, the Homestake Ridge gold project in British Columbia, and a portfolio of gold projects in southern Peru, through Corisur Peru SAC.
About Sombrero
This project consists of the North Sombrero and South Sombrero properties, comprising approximately 100,000 mineral claims owned or optioned by Auryn Resources. The copper-gold Sombrero mining concessions are located 340 kilometres southeast of Lima in southern Peru and are hosted in the Andahuaylas-Yauri belt. This belt is interpreted to be on the northwestern 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 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.
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