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Minaurum Acquires Historical Drilling Data Revealing High-Grade Extensions of Past Producing Mines at the Alamos Project; Schedules Webcast to Discuss
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2020) - Minaurum Gold Inc., (TSXV: ...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"Minaurum Acquires Historical Drilling Data Revealing High-Grade Extensions of Past Producing Mines at the Alamos Project; Schedules Webcast to DiscussVancouver, British Columbia--(Newsfile Corp. - February 6, 2020) - Minaurum Gold Inc., (TSXV: MGG) (\"Minaurum\") is pleased to announce that it has acquired historical data including mine maps, sections and results of 40 holes (6,099 m) drilled in multiple surface and underground exploration campaigns that occurred from the 1960s through the early 1980s at its Alamos silver project in Sonora, Mexico. The exploration programs were focused on the historic Promontorio and Minas Nuevas underground mines that closed in 1898 and 1912. The majority of these historic holes cut broad widths of high-grade silver, the best include: Hole U-3 that cut 4.6 m grading 2,838 g/t (82.8 oz/t) silver and Hole U-5 that cut 11.3 m of 785 g/t (22.9 oz/t) silver. The drill results indicate that the historically mined deposits included multiple veins and continue at depth both down plunge and along-strike. At Promontorio, drill holes intersected mineralization over 50 m below the historic mining level and indicate an aggregate 735 m strike length of mineralization. It is estimated that 200 million ounces of silver were mined from the Quintera, Promontorio and Minas Nuevas mines.\"Minaurum's Phase I drilling demonstrated the district-scale potential for high-grade veins at Alamos. The acquisition of this data adds another dimension to the project by providing low-to-no-cost geologic answers for areas that Minaurum would otherwise have had to drill, while revealing high-potential targets for immediate drilling around the old mines,\" stated Darrell Rader, President and CEO of Minaurum Gold. \"These new targets will be added to our large inventory of targets that will be further delineated and expanded upon by our Phase II drill program. Beyond the technical value of the data, we also regard the fact that they were presented to us by a local resident as affirmation of our focus on operating in a socially and environmentally responsible manner in the Alamos community.\"Drill highlights from the Promontorio mine include: (only silver and gold were assayed - widths are reported drill thickness)1.2 m of 5,588 g/t Ag (Hole U-1)1.2 m of 1,008 g/t Ag (Hole U -1)4.6 m of 2,838 g/t Ag (Hole U-3)4.6 m of 305 g/t Ag (H...