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Auryn Acquires Key Concessions Adjacent to its Curibaya Porphyry Project in Southern Peru
VANCOUVER, BC / ACCESSWIRE / August 7, 2019 / Auryn Resources Inc. (TSX: AUG, NYS...
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[{"type":"text","content":"Auryn Acquires Key Concessions Adjacent to its Curibaya Porphyry Project in Southern PeruVANCOUVER, BC / ACCESSWIRE / August 7, 2019 / Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the “Company”) is pleased to announce that it has acquired a 100% interest, subject to certain historical NSR royalties, in the Sambalay and Salvador concessions which are adjacent to Auryn’s wholly owned Curibaya property (collectively the “Curibaya Project”) in Southern Peru for US$250,000. A Message from Ivan Bebek, Executive Chairman & Director:“Curibaya is located within a mineral trend that hosts some of Peru’s largest porphyry deposits, including Freeport McMoRan’s Cerro Verde deposit, Southern Copper’s Cuajone and Toquepala deposits and Anglo American’s Quellaveco deposit.“We have been interested in these claims since we first acquired the Curibaya property in 2016 due to its highly prospective location and the mineralization identified to date.” The Sambalay and Salvador concessions total 4,700 hectares and together represent a 2-kilometre by 3.3-km mineralized alteration system that shows affinities to both high-grade copper porphyry and precious metal intermediate sulphidation systems (Figure 1). Historical high-grade sampling includes up to 13.50% copper, 23.6 g/t gold and 14,180 g/t silver (Table 1). Despite these results, Auryn is unaware of any historical systematic exploration or drilling on the properties. The Curibaya Project is located 53 km north-northeast of the provincial capital, Tacna, and is accessible by road in 2.5 hours. It is also 11 km south of the Incapuquio regional fault, which is viewed as a major control on the emplacement of mineralized porphyries in the region and is characterized by an Aster alteration anomaly (2 km by 3.3 km) that is similar in size to Southern Copper’s Toquepala deposit as well as Anglo American’s Chisispaya deposit (Figure 2). Mineralization & Historical Sampling Highlights from Sambalay & Salvador:Mineralization within the Sambalay and Salvador concessions is hosted within the Toquepala volcanic sequence and the Gramadal limestone. Specifically, there are three defined zones of mineralization on the acquired concessions: Aqua del Milagro, Mina Tapial and...