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Minaurum Announces Initial Results from Phase II Europa-Guadalupe Vein Zone Drilling
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2020) - Minaurum Gold, Inc (TSXV:...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"Minaurum Announces Initial Results from Phase II Europa-Guadalupe Vein Zone DrillingVancouver, British Columbia--(Newsfile Corp. - September 24, 2020) - Minaurum Gold, Inc (TSXV: MGG) (\"Minaurum\") is pleased to announce results from the first four holes of its 2020 exploration program in the Europa-Guadalupe vein zone at its Alamos silver project in Sonora, Mexico. Highlights include:3.50 m of 404 g/t Ag, 0.54% Cu, 1.30% Pb, 1.81% Zn in hole AL20-042,including 1.15 m of 999 g/t Ag, 1.29% Cu, 2.98% Pb, 2.98% Zn 6.35 m of 356 g/t Ag, 0.39% Cu, 0.42% Pb, 0.57% Zn in hole AL20-047, including 0.70 m of 2090 g/t Ag, 1.98% Cu, 2.51% Pb, 2.43% Zn \"We are encouraged by how these results from the first Phase II holes into the Europa-Guadalupe vein show a downwards increase in grade and thickness from AL20-041 and -042 to AL17-007. This trend suggests that we are in the uppermost portion of a silver shoot and we continue to drill laterally and to depth in 75 to 100 metre increments to further trace the geometry of the mineralization,\" stated Darrell Rader, President and CEO of Minaurum. \"Europa-Guadalupe is just one of many newly identified mineralized veins discovered through our Phase I drilling and we are simultaneously drilling the Promontorio vein. Initial Promontorio results will be released shortly.\"Location and Context of ResultsThe holes reported here are the first vertical and lateral offsets of AL17-007 that returned 8.25 m grading 1.76 kg/t Ag (see News Release dated January 18, 2018). The reported holes were targeted as 75 to 100 m offsets of hole -007 to systematically outline the geometry of the mineralization in this zone from the top down.Up-dip of AL17-007 interceptHoles AL20-041 and AL20-042 cut the Europa-Guadalupe vein zone approximately 200 m and 100 m up-dip, respectively, of the bonanza intercept reported in hole AL17-007. The increases in grade and thickness of mineralized intercepts down-dip from AL20-041 through AL20-042 to -007 suggest that -007 may represent the upper portion of a silver shoot (Table 1).Northern extension of AL17-007 interceptHole AL20-045 intersected the Europa-Guadalupe structure approximately 100 m to the north of the -007 intersection and at about the same elevation. It cut the vein-controlling fault zone at 399.95 m downhole. The intercept returned only anomalous values because the h...