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Minaurum Commences Drilling at Aurena Gold Project
Jan. 26, 2011 (TheNewswire.ca) -- Minaurum Gold Inc. ("Minaurum") announces that it has comm...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"\nMinaurum Commences Drilling at Aurena Gold Project\n\n\n Jan. 26, 2011 (TheNewswire.ca) -- Minaurum Gold Inc. (\"Minaurum\") announces that it has commenced a first phase 3,000 metre drill program at its 17,000 hectare Aurena Gold Skarn project in Oaxaca State, Mexico. Ten to fifteen holes will be drilled, initially on the Aurena Target where Minaurum recently outlined coincident high grade gold-in-soil and rock chip anomalies covering an area 1,000 m east-west by 100 to 400 m north-south. Approximately 30% of the rock chip samples in the area assayed more than 1 gram per tonne (g/t) Au; the highest gold value was 6.46 g/t. Similarly, 30% of the soil samples assayed greater than 0.5 g/t Au; the highest Au value in soils was 5.77 g/t Au (See Press Release dated October 19, 2010).An airborne magnetics and VTEM geophysical survey covering the entire Aurena property was recently completed. Results are currently being analyzed. Pro-grade gold skarns such as Aurena, commonly have strong geophysical signatures and it is expected that the airborne survey will improve targeting in the immediate area as well as help recognize additional mineralized centres within the property.\"We are very excited to begin drilling this large, high-grade coherent gold anomaly located on the Aurena project. Surface work completed to date has already generated numerous additional targets to test during this drill program and we expect the recently completed magnetics and VTEM survey to significantly add to our known targets\", stated Darrell Rader, Minaurum Gold's President and CEO.Several drill holes are also planned elsewhere within the 3 km long by 1.5 km wide, ESE-WNW belt of sulfide-bearing and skarn-altered sedimentary and intrusive rocks that host the Aurena Target. Soil sampling within the immediate 1.8 km long projection of the Aurena Zone has revealed significant areas of 25-100 ppb Au. The Company is also planning to drill three to four holes for the Guelaguichi target area in the northeastern part of the project, where similar alteration and geochemical results have been recognized.David M Jones, the geologist from whom Aurena has been optioned, has designed the current drill program. Mr. Jones is credited with the discovery of the Los Filos Gold Skarn deposit, the flagship deposit of Goldcorp's (TSX:G''G) (NYSE:GG) (TSX:G) 9M oz Guerrero Gold...