Slide 1: Altos de Lipangue Project
ALTOS DE LIPANGUE PROJECT
Slide 2: The Company & Our Business
THE COMPANY & OUR BUSINESS Our focus is to push the project across exploration stages to final discovery AURYN Mining Chile SpA consolidated over 10.000 hectares of claims in the Altos de Lipangue Project. Experienced management and technical team, all motivated to find the next great discovery
Slide 3: Target Exploration Strategy
TARGET EXPLORATION STRATEGY Our strategy is based on decreasing risk with each exploration stage → resulting in a continuous increase of mining asset value. • Resource Development PFS • Positive Pre-feasibility Study Target • Positive Scoping Study Confirmed • Economic Intersections Advanced Drillin
Slide 4: Our Exploration Plan
OUR EXPLORATION PLAN AURYN Mining Chile SpA is focused on carefully defining exploration steps to each target. MERLIN-FORTUNA PHASE I PHASE II PHASE III Target Definition Diamond Drilling ~1800-2000m Additional Geophysics & Drilling PEGASO NERO PHASE I PHASE II Target Definition Drill Testing BRECHA
Slide 5: Project Location
PROJECT LOCATION Altos de Lipangue Project is located in Chile. Chile is the top copper producer in the world, and one of the top 15 gold producers. Favorable economics, politics and laws. Many world class deposits (Chuquicamata, La Escondida, Candelaria, El Teniente, El Peñon, Andacollo, et
Slide 6: Metallogenic Belt
METALLOGENIC BELT La Serena ANDACOLLO Proliferous mining district in the Cretaceous Metallogenic Belt. Several mines and advanced projects are hosted in the renowned Cretaceous Belt in Chile, like Andacollo, El Soldado, Petorca and La Florida. LLAHUIN Belt with potential exploration for Epithe
Slide 7: Project Claims & Targets
PROJECT CLAIMS & TARGETS AURYN Mining Chile SpA maintains over 10.000 hectares in mining claims with exploitation and exploration rights. Owner of over 7000 hectares. Maintains preferential option in over 3000 hectares of mining claims.
Slide 8: Experienced Technical Team
EXPERIENCED TECHNICAL TEAM David Bent.- Qualified Person Enrique Lopez Albujar – Director, Operation & Logistics Manager David has over 40 years of experience exploring for base metals, precious metals and uranium in over a He is an electromechanical engineer specialized in HSEC, and over 13 yea
Slide 9: Targets Highlights
TARGETS HIGHLIGHTS AURYN team is focused on target definition and early production opportunities. Targets Merlin-Fortuna: High grade Au-Cu epithermal veins. FORTUNA CAREN MERLIN LAMPA Pegaso Nero: Tourmaline-Specularite breccias related to DOS MARIAS BRECHA LIPANGUE Porphyry Cu-Mo-Au target. D
Slide 10: Caren-Merlin-Fortuna
CAREN-MERLIN-FORTUNA Fortuna de Lampa and Caren mines district with high grade gold veins. AURYN team discovered over 5 km of quartz-sulfides Au-Cu±Ag veins. Bonanza gold grades at Caren Mine (>100 g/t Au). From 0.3 to 2 m width veins and breccias. Replacement, Banded, Crustiform and Massi
Slide 11: Caren-Merlin-Fortuna
CAREN-MERLIN-FORTUNA Schematic section of epithermal system, vertical textures zonation and exposed levels in Caren and Fortuna de Lampa mines in the Altos de Lipangue Project. Modified after Buchanan (1981)
Slide 12: Caren Mine
CAREN MINE Veins textures suggests shallow erosion level. CAREN MINE Bonanza gold grades > 100 g/t, adding to Cu±Pb±Zn mineralization. Grab Samples Au g/t Early production evaluation is under way. Vein extension to the SE with grab samples > 1 g/t Au. CHANNEL CHIP RESULTS AT CAREN MINE Sampl
Slide 13: Fortuna
FORTUNA High grade Au-Cu±Ag quartz veins. LINE 5500 Geophysics CSAMT shows good response in the argillic altered corridors and subparallel veins. Also shows continuity at depth. LINE 5200 Massive quartz texture in Fortuna vein Intersection between Fortuna and Merlin 3 suggests a wide mineral
Slide 14: Fortuna
FORTUNA FORTUNA TRENCH SAMPLE RESULTS (See Trench location in previous slide) Sample Trench Size Au (g/t) Ag (ppm) Cu (ppm) Pb (ppm) Zn (ppm) Mineralized intervals Sample Trench Size Au (g/t) Ag (ppm) Cu (ppm) Pb (ppm) Zn (ppm) Mineralized intervals 83550 FD 0,3 12,68 37 278 2916 70 33640 FK 1,0 0,3
Slide 15: Merlin 1 Vein
MERLIN 1 VEIN At least three merlin veins were recognized. CAREN MINE Merlin 1 is the southern extension of Caren Mine. Trenching discovered the structural system of Merlin 1 vein up to 1.8 km to the SE. Trench M1D Trench M1E Trench M1C Trench M1B Trench M1A Trench Sampling 50 Meters 200 Meter
Slide 16: Merlin 1 Vein
MERLIN 1 VEIN MERLIN 1 TRENCH SAMPLE RESULTS (See Trench location in previous slide) Sample Trench Size Au (g/t) Ag (ppm) Cu (ppm) Pb (ppm) Zn (ppm) Mineralized intervals Sample Trench Size Au (g/t) Ag (ppm) Cu (ppm) Pb (ppm) Zn (ppm) Mineralized intervals 82944 M1A 1,0 0,42 0.5 476 69 1145 83202 M1
Slide 17: Pegaso Nero
PEGASO NERO 1 x 0.5 km. outcropping Tourmaline-Specularite and intrusive breccias with chalcopyrite + molybdenite + pyrite disseminated and veinlets. Small mining adits showing Cu - Mo - Au mineralization dispersed over an area of 2,5 km x 2 km. 4 x 1.2 km of soil molybdenum anomalous area, wi
Slide 18: Pegaso Nero
PEGASO NERO 4 x 1.2 km Cu - Mo anomaly in over 130 soil samples collected. Additional mapping and sampling is underway. BRECHA LIPANGUE TOUR-SPEC-OxCu BX BRECHA LIPANGUE PEGASO NERO PEGASO NERO PORPHYRITIC INTRUSIVE BX Cpy-Moly-Py 1 KM 1 KM
Slide 19: Dos Marias
DOS MARIAS Dos Marias is an old mining district, the artisanal miners have exploited Au & Cu mainly in the oxidized ore. In 1999, Medinah Minerals executed 5 drill holes with interesting Au-Cu intercepts (table below). New interpretations by AURYN geologists suggest that the mineralization is de
Slide 20: Dos Marias
DOS MARIAS The Dos Marías fault is offsetting volcanoclastic sequences and ocoitic andesites, and mineralization is hosted like sheeted veins and stratabound in the volcanoclastics. 70° Highly prospective target for Porphyry Au-Cu system. Py-Cp-Cv stratabound mineralization at Dos Marías mine 22
Slide 21: Brecha Lipangue
BRECHA LIPANGUE In 2014-2015 AURYN Mining Chile SpA executed 15 diamond drill holes completing 4000,41 m. The successful campaign confirmed the mineralized igneous-hydrothermal breccias with Au – Cu ± Mo mineralization and Quartz-Sericite Au - Cu bearing structures. The mineralized breccias cr
Slide 22: Brecha Lipangue
BRECHA LIPANGUE L99-07: 124m @ 0.49 g/t Au & 0.31 % Cu The eastern breccias were drilled by Medinah Minerals L99-03: 84m @ 1.72 g/t Au & 0.4% Cu Exploration program during 1999-2000. L99-06: 154m @ 0.6 g/t Au & 0,39 % Cu The system is still open to the southwest, and vectoring in direction to Pe
Slide 23: Altos de Lipangue Highlights
ALTOS DE LIPANGUE HIGHLIGHTS AURYN Mining Chile SpA has over 10.000 hectares block of mining claims. Unique logistic location favoring a low capex opportunity. Experienced exploration team, focused on targets definition and evaluation of early production opportunities. Bonanza gold grades (>
Slide 24: Overall, we respect the environment, our people and communities with sustained exploration work.
Overall, we respect the environment, our people and communities with sustained exploration work.