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Minaurum Announces Phase II Drilling at Alamos Cuts Strong Mineralization in New San Jose Vein and Discovers Five Blind Veins
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2019) - Minaurum Gold Inc.,  (TSX...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"Minaurum Announces Phase II Drilling at Alamos Cuts Strong Mineralization in New San Jose Vein and Discovers Five Blind VeinsVancouver, British Columbia--(Newsfile Corp. - March 1, 2019) - Minaurum Gold Inc., (TSXV: MGG)  (OTCQX: MMRGF) (\"Minaurum\") is pleased to announce that its on-going drill program in the Alamos Silver District in Sonora, Mexico (Fig. 1) has demonstrated that three of the new vein systems mapped by Minaurum host significant mineralization at depth and have the potential for silver-rich shoots along strike and at depth. Furthermore, drilling has intersected five previously unknown blind veins.To date, Minaurum has drilled portions of 9 of the 15 vein systems identified at Alamos. The near-term exploration strategy remains focused on a first-pass test of new vein systems lying outside of the historically producing mines of Minas Nuevas, La Quintera, and Promontorio. Minaurum plans to put at least one hole into each of the veins identified. Upon completion of systematic project-wide testing, follow-up drilling (Phase III) will be prioritized based on drill and sampling results along with favourable geologic indicators. Significant results from Phase II drilling of new veins include:9.6 m of 198 g/t Ag, 0.17% Cu, 0.22% Pb, 0.88% Zn or 269 g/t Ag Equivalent (\"AgEq\") in Hole AL18-0150.9m of 302 g/t Ag, 0.21% Cu, 0.49% Pb, 0.78% Zn; or 383 g/t AgEq in Hole AL18-0152.05m of 181g/t Ag, 0.14% Cu, 1.64% Pb, 1.57% Zn; or 338g/t AgEq in Hole AL18-0152.85m of 25g/t Ag, 2.29% Pb, 10.58% Zn; or 618 AgEq in Hole AL18-0110.9m of 391g/t Ag, 0.11% Cu, 0.42% Pb, 0.29% Zn; or 548g/t AgEq in hole AL18-012*Ag Equivalent is reported for comparison only, with no assumptions regarding metal recovery or smelter payments. Prices used are: Au: $1,321.90/troy ounce; Ag: $15.76/troy ounce; Cu: $2.81/pound; Pb: $0.94/pound; and Zn $1.21/pound (all amounts in U.S. dollars).\"As we scope out the limits of this clearly large district, one new vein at a time, anything wider than 20 cm of >200 g/t Ag can be considered a success,\" stated Dr. Peter Megaw, Minaurum Director and Co-Founder. \"We are delighted with what we're finding as we continue to focus on new vein systems throughout the district and look forward to determining how large this system ultimately is.\"\"We're excited that drilling continues to cut s...