Auryn Identifies Significant Copper Mineralization at New Prospect Near Sombrero
VANCOUVER, BC / January 7, 2019 / Auryn Resources Inc. (TSX: AUG, NYSE AMERICAN: AUG, "Auryn" or the "Company") has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width. It is located about 12 kilometers south of Sombrero at the Milpoc prospect (Figure 1). Rock samples have returned copper - oxide mineralization grades ranging from 0.1% - 8.45% and silver grades ranging from 0.06 g/t - 101 g/t (Table 1).
The stratiform mineralization identified at Milpoc is hosted within red bed sediments of the Casapalca formation and is the first mineralization observed stratigraphically above the Ferrobamba formation. The Ferrobamba hosts the known high-grade copper - gold exo-skarn mineralization at the Sombrero project to the north. This mineralization is preferentially hosted in highly porous sandstone units that typically have a thickness of 10 - 30 centimeters and there are numerous mineralized beds that occur over a 100-meter thickness within the sedimentary sequence.
- Category: Silver / Gold
- Published: 08 January 2019
- Written by Editor