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Auryn Resources excited to begin work at Curibaya project in Peru

The firm plans to conduct geological and alteration mapping as well as rock sampling

Auryn Resources Inc -
The Curibaya project, pictured, lies in the Tacna province in Southern Peru

Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) told investors that it had kicked off exploration at its wholly-owned Curibaya project in the Tacna province in Southern Peru. 

The Vancouver-based firm is currently upgrading existing road access to the project and plans to conduct geological and alteration mapping as well as rock sampling to define the epithermal and porphyry styles of mineralization that have been outlined by historical work.

READ: Auryn Resources samples high-grade silver from Ccello project at Sombrero, Peru

Work will focus on the newly acquired Sambalay and Salvador concessions, where historical sampling included up to 13.5% copper, 23.6 grams per ton (g/t) gold and 14,180 g/t silver in a 2 km by 3 km quartz-sericite-pyrite system.

"We are very excited to begin advancing the Curibaya project as it represents another exceptional exploration opportunity for both precious and base metals," said Ivan Bebek, executive chairman and director of Auryn.

"The project is situated within a belt that hosts world-class mines, and the historical sampling at Curibaya demonstrates that it has considerable high-grade silver, gold and copper on surface.

Bebek added: "This year we made significant progress in building and advancing our Peruvian portfolio through acquisitions, community programs, surface exploration and permitting. This groundwork is setting the stage for 2020, when we anticipate drilling Sombrero and Curibaya sequentially, creating continuous opportunities for tier-one discoveries."

Contact the author at [email protected]

Quick facts: Auryn Resources Inc

Price: 1.49 CAD

Market: TSX
Market Cap: $155.98 m

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Auryn Resources plans drilling at the Curibaya project in Peru

Auryn Resources Inc (TSE:AUG)(NYSE:AUG) executive chairman Ivan Bebek caught up with Proactive's Andrew Scott while at Mines & Money in London 2019. The company is currently focusing on the Curibaya project in Peru, located near one of the biggest copper mines in the world. Drilling is...

on 11/27/2019

2 min read