"AURYN now owns and controls over 7,500 hectares of mining properties and continues its effort to consolidate the entire historical mining district of Altos de Lipangue."
"By Option Agreement, AURYN Mining Chile SpA can earn 60% of the NUOCO Company shares by completing a minimum of 5,000 meters of diamond drilling as well as conducting geophysical and geochemistry work matters. AURYN, upon signing the Option Agreement, immediately engaged the firm of Geodatas Chile, by contract, to commence an airborne magnetometry survey and ground I.P. study of the NUOCO property and abutting Altos de Lipangue claims.
Should AURYN continue to the secondary leg of the Option Agreement they will invest a minimum of U.S. $2.5 million dollars to conduct a full feasibility study in order to earn an additional 25% of the NUOCO Company shares. By completing these requirements AURYN would then earn in 85% of the shares of the NUOCO Company. "
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