Business
Minaurum Drills 29.05 m of 1.99 g/t Gold at Aurena Project Drill Program Expanded to 6500m
May 9, 2011 (TheNewswire.ca) -- Minaurum Gold Inc. ("Minaurum") is pleased to announce the r...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"\nMinaurum Drills 29.05 m of 1.99 g/t Gold at Aurena Project Drill Program Expanded to 6500m\n\n May 9, 2011 (TheNewswire.ca) -- Minaurum Gold Inc. (\"Minaurum\") is pleased to announce the results of the first five drill holes targeting a 3 km long by 1.5 km wide surface gold geochemical anomaly on its Aurena gold-skarn project in southern Mexico (See News Release dated October 19, 2010) All five holes, and four additional holes for which assays are pending intercepted significant thicknesses of sulfide-bearing prograde skarn-altered rocks. Based on these encouraging results, the program has been expanded to 6,500 m.The holes were drilled along the access route from the fringes of the gold geochemical anomaly towards its centre. Hole AURC-11-005 was collared and drilled vertically in the surface gold anomaly. Starting at surface, it cut 29.05 m of 1.99 g/t Au, including 19.15 m of 2.60 g/t Au and 4.18 g/t Ag. The highest grade sample was 5.90 g/t Au. Mineralization is sulfide-rich with no evidence of significant surface or oxide enrichment.Vertical hole AURC-11-002, 275 m to the north of AURC-11-005, cut 7.66 m assaying 1.13 g/t Au from 39.50 to 47.16 m. Vertical hole AURC-11-001, 367 m to the north of AURC-11-005, drilled through a cap of altered metavolcanic rocks before entering mineralized skarned sedimentary rocks containing 1.44 g/t Au over 20.50 m from 160.50 to 181.00 m. Holes AURC 003 and 004 contained anomalous values but appear to lie across a major fault lying east of the other holes.\"Hitting gold mineralization in 3 of the first 5 holes is a very positive first step in confirming the potential of this gold-skarn system,\" stated Darrell Rader, President and CEO of Minaurum Gold, \"The exploration team has already combined these results with our geophysical and geochemical data to generate additional high-potential targets that warrant immediate expansion of the drill program.\"The holes were drilled in a 0.3 square km area within an overall exposed skarn-hornfels system of at least 7.5 square km. Geologic indicators from the drilling, such as a lack of intrusions directly associated with mineralization and high gold/silver and gold/base metal ratios, suggest that the reported drill holes may lie at the fringes of a stronger system. The strong mineralization in Hole AURC-11-001 lies immediately beneath a cap of rel...