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Minaurum Announces Acquisition of Corazonada Silver Project
Minaurum Announces Acquisition of Corazonada Silver Project
About this update from Minaurum Silver Inc.
[{"type":"text","content":"\nMinaurum Announces Acquisition of Corazonada Silver Project\n\n\n Oct. 21, 2010 (TheNewswire.ca) -- Minaurum Gold Inc. (the \"Company\" or \"Minaurum\") announces that the Company has entered into an agreement with Minera Mariposa, S.A. de C.V. to acquire the Corazonada Silver-Gold project in Morelos state, Mexico. The Corazonada Project covers 5,597 hectares and lies about 50 road kilometres east-southeast of the Morelos state capital of Cuernavaca. David M. Jones, co-owner of Minera Mariposa and the geologist credited with the discovery of the Los Filos Gold Skarn deposit, the flagship deposit of Goldcorp's 9M oz Los Filos Gold Mine, recognized the Project's geological similarities to deposits of the Guerrero Gold Belt and Esperanza Silver's nearby Cerro Jumil gold-silver skarn. Infrastructure is excellent; paved roads and electrical power lines cross the Corazonada claims.OZ Minerals (previously Zinifex USA Ltd) held the Corazonada property under option from Mariposa and conducted exploration during 2007 and 2008. OZ's program included a property-wide helicopter-borne, high-resolution magnetic survey, followed by an eight-hole, 2,006- metre core drilling program on two of four identified target areas. OZ Minerals dropped the project during a corporate reorganization in 2008, prior to drilling of the strongest magnetic anomalies revealed by their survey. However, one of their holes (LC08-07) intersected 82 metres averaging 12 ppm Ag, from 115-187 metres in zinc-bearing garnet-pyroxene skarn associated with a moderate level magnetic anomaly.\"Minaurum is pleased to acquire this silver-gold skarn property from the recognized expert in Mexican gold skarn deposits\" stated Darrell Rader, Minaurum Gold's President and CEO. \"Corazonada's similarity to gold skarns of the Guerrero Gold Belt, and the largely untested high-quality geological and geophysical database, take it well down the road towards being drill-ready\".Corazonada is centered on an intrusive complex emplaced in Cretaceous Morelos Formation carbonate rocks and overlying volcanic rocks. The intrusive complex underlies a north-northwest-trending ridge about 8.5 km long and up to 3.5 km wide. Garnet and pyroxene skarn occurs in the carbonate and intrusive rocks, and is associated with anomalous values of zinc, lead, and silver. Zones of sulphide mineralization have retu...