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Auryn Resources consolidates land position in Peru

Published by , Assistant Editor
Global Mining Review,

Canadian mineral exploration company Auryn Resources, Inc. (Auryn) has staked a substantial land position in the Andahuaylas-Yauri belt in southern Peru. According to the company, this area hosts significant large-scale porphyry and skarn deposits such as the Las Bambas, Tintaya, Antapaccay, Cotabambas, Los Chancas, and Constancia deposits, as well as Auryn’s undrilled Sombrero project.

Auryn has applied for approximately 60 000 hectares of land, 75 km to the southeast of Auryn’s Sombrero project, which could establish the company as a dominant player within the region. The areas staked represent both epithermal gold-silver and copper-gold skarn/porphyry targets. Those targets were staked in this greatly under-explored region of Peru following a regional stream sediment programme conducted by Auryn in 2017.

The programme screened 6700 square km using highly sensitive cyanide leach assay techniques and pointed to gold, copper, and silver anomalies that were typically five-times background level.

This has more than doubled the company’s current land position to over 100 000 hectares in the region. The next stage of Auryn’s exploration process will be to conduct systematic follow-up work consisting of high-density stream sediment sampling, reconnaissance rock sampling, mapping, trenching and geophysical programmes.

Auryn’s COO and Chief Geologist, Michael Henrichsen, commented: “This is a rare opportunity in the region as we don’t believe there has been any systematic exploration in this area of Peru due to the perceived nature of an overlying post-mineralisation volcanic cover. Our field observations resulted in the identification of several erosional windows through the volcanic cover that exhibit epithermal, porphyry and skarn styles of mineralisation. More importantly, the overlying volcanic cover rock has been observed to host precious metal style epithermal mineralisation.”

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