Company Updates From Management – Thu 10 Jan, 2019

Auryn Resources – A Comprehensive Update for 2019

Auryn Resources has another busy year ahead of it as the Executive Chairman Ivan Bebek outlines. We discuss plans from Sombrero and Committee Bay as well as the overall gold market environment. Also Ivan outlines the possible budgets for each project.

If you have any follow up questions for Ivan or I please email me at Fleck@kereport.com.

Ivan Bebek – Auryn Resources Update

Click here to visit the Auryn Resources website.

Company Updates From Management – Thu 10 Jan, 2019

Auryn Resources – A Comprehensive Update for 2019

Auryn Resources has another busy year ahead of it as the Executive Chairman Ivan Bebek outlines. We discuss plans from Sombrero and Committee Bay as well as the overall gold market environment. Also Ivan outlines the possible budgets for each project.

If you have any follow up questions for Ivan or I please email me at Fleck@kereport.com.

Ivan Bebek – Auryn Resources Update

Click here to visit the Auryn Resources website.

Company News – Mon 7 Jan, 2019

News today out of Novo and Auryn

Below are the links to news releases out of Novo Resources and Auryn Resources. The news is not connected but I wanted to see how everyone liked a posting with combined news from a couple of the stocks we follow. Please let me know if you prefer individual posts of news or a once daily combined posting. My email is Fleck@kereport.com.

If you have any questions or comments for either Company please comment or email me at Fleck@kereport.com.

Auryn Identifies Significant Copper Mineralization at New Prospect Near Sombrero

Novo and Sumitomo Corporation Extend Memorandum of Understanding to Advance Novo’s Australian Projects

Vancouver junior Auryn gets positive results from Peruvian copper-gold project

Auryn Resources (TSX: AUG) announced today that it has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width at the Milpoc prospect. This is about 12 kilometers south of the company’s 120,000-hectare Sombrero copper-gold property, which is located in southern Peru in the Andahuaylas-Yauri belt.

According to Auryn, Sombrero is characterized by a strong structural control and significant copper and gold values from historical surface samples, with principal targets being copper-gold skarn and porphyry systems and precious metal epithermal deposits.

In a press release, the miner said that the rock samples taken at the Milpoc prospect returned copper – oxide mineralization grades ranging from 0.1% – 8.45% and silver grades ranging from 0.06 g/t – 101 g/t.

The Vancouver-based firm also explained that 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. According to Auryn, the Ferrobamba hosts the known high-grade copper-gold exo-skarn mineralization at the Sombrero project to the north.

"The high-grade copper-oxide and silver mineralization at Milpoc represents another opportunity within the Sombrero district to discover an additional intrusive center that could be related to skarn and porphyry mineralization,” said Michael Henrichsen, Auryn’s C.O.O. and Chief Geologist, in the media brief. “Our technical group continues to discover new styles of mineralization in different formations that we feel demonstrate a very high level of mineral endowment within this newly-emerging district,” he added.

In Auryn’s view, the copper-gold skarn mineralization at Sombrero has geological similarities to Glencore’s Tintaya mine and MMG’s Las Bambas mine.

The post Vancouver junior Auryn gets positive results from Peruvian copper-gold project appeared first on MINING.com.

Vancouver junior Auryn gets positive results from Peruvian copper-gold project

Auryn Resources (TSX: AUG) announced today that it has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width at the Milpoc prospect. This is about 12 kilometers south of the company’s 120,000-hectare Sombrero copper-gold property, which is located in southern Peru in the Andahuaylas-Yauri belt.

According to Auryn, Sombrero is characterized by a strong structural control and significant copper and gold values from historical surface samples, with principal targets being copper-gold skarn and porphyry systems and precious metal epithermal deposits.

In a press release, the miner said that the rock samples taken at the Milpoc prospect returned copper – oxide mineralization grades ranging from 0.1% – 8.45% and silver grades ranging from 0.06 g/t – 101 g/t.

The Vancouver-based firm also explained that 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. According to Auryn, the Ferrobamba hosts the known high-grade copper-gold exo-skarn mineralization at the Sombrero project to the north.

"The high-grade copper-oxide and silver mineralization at Milpoc represents another opportunity within the Sombrero district to discover an additional intrusive center that could be related to skarn and porphyry mineralization,” said Michael Henrichsen, Auryn’s C.O.O. and Chief Geologist, in the media brief. “Our technical group continues to discover new styles of mineralization in different formations that we feel demonstrate a very high level of mineral endowment within this newly-emerging district,” he added.

In Auryn’s view, the copper-gold skarn mineralization at Sombrero has geological similarities to Glencore’s Tintaya mine and MMG’s Las Bambas mine.

The post Vancouver junior Auryn gets positive results from Peruvian copper-gold project appeared first on MINING.com.