The Conversation (0)
Auryn Resources has announced that it has staked a substantial land position in the Andahuaylas-Yauri belt in southern Peru.
Auryn Resources (TSX:AUG,NYSE:AUG) has announced that it has staked a substantial land position in the Andahuaylas-Yauri belt in southern Peru.
This latest staking has more than doubled the Company’s current land position to over 100,000 hectares in the region. The next stage of Auryn’s exploration process will be to conduct systematic follow-up work consisting of high-density stream sediment sampling, reconnaissance rock sampling, mapping, trenching and geophysical programs.
As quoted in the press release:
Chief operating officer and chief geologist of Auryn Michael Henrichsen said “this is a rare opportunity in the region as we don’t believe there has been any systematic exploration in this area of Peru due to the perceived nature of an overlying post-mineralization volcanic cover. Our field observations resulted in the identification of several erosional windows through the volcanic cover that exhibit epithermal, porphyry and skarn styles of mineralization. More importantly, the overlying volcanic cover rock has been observed to host precious metal style epithermal mineralization.”
Click here to view the full Auryn Resources (TSX:AUG,NYSE:AUG) press release.
