Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) has unveiled positive exploration results from its Curibaya project in Peru, where it is developing targets and believes it is onto a 'robust' precious metals system.
The presence of high-grade silver-gold veins across a 4 by 4 kilometer alteration system demonstrates "robust metal endowment", the company said in a statement.
Other highlights from mapping and sampling was the discovery of a new zone of mineralization with grades of up to 946 grams per ton (g/t) silver and 1.96 g/t gold located around 1 km to the northeast of previous sampling.
A float sample found 800 meters (m) northeast of the sampled veins showed 42.6 g/t gold and 9,180 g/t silver, it added.
"The Curibaya project continues to represent an exceptional opportunity for high-grade silver and gold discoveries," said Ivan Bebek, executive chairman and director, in a statement.
"As we are increasing our understanding of the targets the maximum gold grade has gone up and we continue to see multi-kilo silver in new target areas on the project.
"We look very forward to completing our targeting in the next few months and rapidly advancing the project to the drill-ready stage."
Auryn bought 100% of the Curibaya property in 2015 and four years later bought the adjacent Sambalay and Salvador concessions, which collectively consist of around 11,000 hectares.
The Curibaya project covers the regional Incapuquio fault zone and subsidiary structures, which are interpreted as one of the fundamental controls for both epithermal and porphyry styles of mineralization within the region.
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