Auryn Identifies Multiple
Copper-Gold Drill Targets at Sombrero
Auryn Resources Inc. (TSX: AUG, NYSE American: AUG, has identified several kilometer-scale targets under copper – gold surface mineralization at its Sombrero project in Southern Peru. The targets identified tend to begin at surface and can continue to a depth of 600 meters, representing more than one substantial opportunity for skarn and porphyry mineralization.
Ivan Bebek, Executive Chairman and Director said, “The Sombrero project continues to evolve as a globally significant exploration opportunity due to it’s scale and analogous features to the world-class mines nearby.
“It is a rare opportunity to explore a project with this size and scale that has never been drilled before. We still don’t know the full extent of the mineralized system, on surface or at depth however, we anticipate drill permits in the second quarter of 2019.”
The targets are based on extensive geological mapping, geochemical sampling and geophysical surveys. The results of the targeting have outlined a large copper – gold system that is exposed over a 10 x 5 kilometer area. This scale of alteration and mineralization is similar in scale to the Las Bambas complex and demonstrates the potential magnitude of the opportunity at the Sombrero project.
Michael Henrichsen, C.O.O. and Chief Geologist said, “The drill targeting process has demonstrated that the Sombrero project has the scale, continuity of mineralization on surface and required geophysical signatures to deliver a major copper – gold discovery.
“We are very impressed with the geologic similarities between Sombrero and Las Bambas and are looking forward to drilling the three target types of high-grade exoskarns, bulk tonnage endoskarns and porphyry-styles of mineralization.”
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 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 copper and gold values from historical surface samples. The principle targets at Sombrero are copper-gold skarn and porphyry systems and precious metal epithermal deposits.
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