Auryn Identifies Significant Copper Mineralization at New Prospect

Base Metals Investing

The company reported that rock samples have returned copper – oxide mineralization at the Sombero project in Peru.

Auryn Resources (TSX:AUG,NYSEAMERICAN:AUG) has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width about 12 kilometers south of Sombrero in Peru at the Milpoc prospect.

The company reported that rock samples have returned copper – oxide mineralization grades ranging from 0.1 percent – 8.45 percent and silver grades ranging from 0.06 grams per tonne (g/t) – 101 g/t.

As quoted in the press release:

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.

In addition, the Ferrobamba limestone observed adjacent to the Casapalca formation is characterized by jasperoid silica bodies that are consistent with a distal signature to an intrusive or underlying skarn body at depth. Auryn will continue to evaluate the Milpoc prospect through magnetic surveying in an effort to identify the potential source area of the mineralization.

Click here to read the full Auryn Resources (TSX:AUG,NYSEAMERICAN:AUG) press release.

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