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

Significant Rock Sample Highlights 2019
Sample ID Ag g/t Sample ID Au g/t Sample ID Cu %
W656832 7990 W656832 17.65 W656792 6.97
W656782 1680 W656922 10.10 W656793 6.67
W656882 1600 W656782 9.94 W656808 6.01
W656915 709 W656856 7.88 W656777 4.99
W656922 312 W656882 3.08 W656816 3.61
W656899 310 W656929 1.89 W656809 2.65
W656929 296 W656905 1.83 W656790 2.36
W656794 294 W656756 1.29 W656815 1.59
W656931 267 W656830 1.17 W656811 1.58
W656856 208 W656931 1.07 W656794 1.04
W656779 194 W656915 1.06 W656772 0.79
W656793 189 W656835 0.82 W656812 0.72
W656835 177 W656794 0.74 W656783 0.69
W656861 157 W656890 0.64 W656814 0.56
W656890 154 W656779 0.57
W656903 152
W656792 150
W656883 129
W656894 124
W656891 114

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.”

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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.