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Minaurum Gold Inc.
Summary
| Project: | Alamos | |
|---|---|---|
| Deposit: | Alamos | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 1/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-1-2018: Minaurum Gold Inc. announces an Exploration/Drilling Update report for its Alamos deposit at the Alamos project. Drilling results incl. 8.25m @ 1760g/t Ag, 58ppb Au, 1.6% Cu, 1.48% Pb, 2.6% Zn. Minaurum Gold, Inc, (“Minaurum”) is pleased to ann | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen R. Maynard (Internal) | |
| ABSTRACT: | Minaurum Gold, Inc, (“Minaurum”) is pleased to announce results from its on-going drill program in the historic Alamos Silver District in Sonora, Mexico (Fig. 1). Hole AL17-07, the first hole ever drilled into the Europa-Guadalupe Vein system, intersected 8.25 metres grading 1,760 g/t (57 opt) Silver, 1.6% Copper, 1.5% Lead, and 2.6% Zinc, including 2.2 metres grading 5,098 g/t (164 opt) Silver, 2.76% Copper, 0.5% Lead, and 1.18% Zinc. The vein was cut 325m below surface (Fig. 2) and its true width is estimated to be 90% of the intersection. Hole AL17-07 also cut two blind veins that have no surface exposure as well as the Nueva Europa vein (See Fig. 1), which returned 1.2m grading 542 g/t (17 opt) Silver. The Europa-Guadalupe vein system is located 1 kilometre west of the Promontorio-Quintera vein system which was the source of almost all of the historic production from the Alamos district. The narrow surface outcrop of the Europa-Guadalupe vein was prospected during Colonial times over more than 1.4 km but was never drill tested. “We are excited by the grades and widths returned by Hole 7”, stated Stephen Maynard, VP Exploration of Minaurum. “As only the second hole ever drilled outside of the historic core of the district, it confirms our “piano-key” structural model and opens the door for drilling throughout the nearly untouched down-dropped blocks located on both sides of the up-thrown La Quintera-Promontorio block. With these results, we have now encountered significant mineralization in every target drilled in our initial drill program including; Minas Nuevas, Promontorio, Nueva Europa, Gap, and Europa-Guadalupe.” | |
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