Auryn Expands High-Grade Zone at Curibaya by 1.5 kilometers with Additional High-Grade Silver, Gold and Copper Samples

Auryn Expands High-Grade Zone at Curibaya by 1.5 kilometers with Additional High-Grade Silver, Gold and Copper Samples

Vancouver, Canada – November 14th, 2019 – Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the “Company”) is pleased to announce additional results from its first surface sampling program at the Sambalay and Salvador concessions within the 11,000 hectare Curibaya project located in the Tacna province in Southern Peru. Highlights include up to 7,990 g/t silver, 17.65 g/t gold and 6.97% copper. These results extend the recently reported high-grade surface results (see October 28, 2019 news release) from the 4.5 square kilometer mapped quartz-sericite-pyrite alteration zone (Figures 1 – 3) by 1.5 kilometers to the west.

A Message from Ivan Bebek, Executive Chairman & Director:
“The abundance of high-grade sampled and the large mineralized footprint we have identified are an exceptional start to the Curibaya project. The grade endowment over a three kilometer by two kilometer area is impressive when considering the location of the project, within one of Peru’s most prolific mining belts.

“We very much look forward to continuing our drill targeting work in the coming months with the goal of drilling Curibaya for the first time in Q4 of next year on the back of our Sombrero drill program, which we anticipate to commence in Q1 of 2020.”

The high-grade silver and gold results effectively expand the alteration and mineralized precious metal system to the west and remain consistent with a potential intermediate sulphidation epithermal system. In addition, high-grade copper was sampled both within polymetallic veins southwest of the project area and along copper-only east-northeast trending structures (Figure 3). Auryn is interpreting these two styles of copper mineralization as being related to a potential copper porphyry system at shallow depths. Rock grab sample highlights are presented in Table 1.

In addition, Auryn has received results from rerunning the three rock samples that were over-limit, being greater than 1,500 g/t silver, in the first round of sampling (see October 28, 2019 news release). Re-assay returned results of 1,630 g/t, 1,855 g/t and 3,110 g/t silver (Figure 1).

Table 1: Rock sampling results

A Message from Michael Henrichsen, C.O.O & Chief Geologist:
“We are very impressed with the fertility of the mineralized system, which has been demonstrated through the sampling of high-grade silver, gold and copper across a large-scale quartz – sericite – pyrite alteration zone. This sampling program speaks to the potential of the Curibaya project for both intermediate sulphidation epithermal systems rich in precious metals, as well as copper porphyry mineralization.

“The Curibaya project will be advanced to drill stage in the coming months through a combination of geological mapping, additional rock and soil sampling and ground-based geophysical surveys.”

Figure 1: Illustrates the distribution of silver mineralization from 2019 samples across the quartz – sericite – pyrite alteration zone within the Sambalay area of the Curibaya project. Note that silver mineralization has been expanded by approximately 1.5 kilometers to the west of Auryn’s previous sampling.

Figure 2: Illustrates the distribution of gold mineralization from 2019 samples across the quartz – sericite – pyrite alteration zone within the Sambalay area of the Curibaya project. Note that gold mineralization has been expanded by approximately 1.5 kilometers to the west of Auryn’s previous sampling.