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Minaurum Gold Inc.
Summary
| Project: | Alamos | |
|---|---|---|
| Deposit: | Alamos | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 1/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-1-2020: Minaurum Gold Inc. announces an Exploration/Drilling Update report for its Alamos deposit at the Alamos project. Drilling results incl. 4.20m @ 12g/t Ag, 20ppb Au, 2.58% Cu, 0.63% Pb, 2.17% Zn from 369.05m. Minaurum Gold Inc., (“Minaurum”) is p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen R. Maynard (Internal) | |
| ABSTRACT: | Minaurum Gold Inc., (“Minaurum”) is pleased to announce that it has completed its Phase I Drill program at the Alamos silver project in Sonora, Mexico. Phase I tested 19 of the 25 vein systems identified to date at Alamos. Fourteen of the nineteen vein systems returned high-grade silver intercepts demonstrating that mineralization occurs throughout a 10 km-long by 6 km-wide corridor. In addition, Minaurum has acquired a large collection of historic 1950s to 1980s surface and underground drilling data that is under review for incorporation into Phase II exploration planning. The goal of Phase I was to put at least one hole into each identified vein system to establish the district footprint and develop a prioritized vein inventory for Phase II step-out drilling. Phase I drilling totaled 18,810 m in 40 holes. The holes reported here tested the previously undrilled Rosario, Púlpito, Cotera, La Dura, Tijera, Las Animas, and Alessandra veins. Table 1 presents mineralized intervals for holes AL19-032 through AL19-038. Hole AL19-035 also cut significant gold (6.75 g/t Au) in a 20 cm-wide blind vein. Assays for holes AL19-039 and AL19-040 are pending and will be announced as they are received. Phase II will combine step-out drilling of the highest-grade veins intersected in Phase I and additional targets stemming from the recently acquired historic data files. Phase II is expected to commence in late-March and will include a minimum of 20,000 m of drilling, employing multiple drill rigs. | |
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