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Minaurum Drills More High-Grade at Alamos Including 3.8 m of 415 g/t Silver, 2.68 g/t Gold, and 16.75% Base Metals
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2019) - Minaurum Gold Inc. (TSXV: MG...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"Minaurum Drills More High-Grade at Alamos Including 3.8 m of 415 g/t Silver, 2.68 g/t Gold, and 16.75% Base MetalsVancouver, British Columbia--(Newsfile Corp. - August 22, 2019) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (\"Minaurum\") is pleased to announce further results from its ongoing first stage drill program at its Alamos Silver project in Sonora, Mexico. Over twenty vein systems have been identified at Alamos and with these latest results Minaurum has now tested 14 of these known systems. The initial focus has been on drilling several holes into each vein to determine the extent of the district and to generate a prioritized inventory for subsequent systematic drilling. Several holes were dedicated to finding wide zones within the major known veins. Two rigs are currently active. Recent high-grade drill results include:Hole AL19-025: 3.80 m of 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn or 1,430 g/t AgEq*including 0.95 m of 1,566 g/t Ag, 6.72 g/t Au, 4.48% Cu, 9.27% Pb, 10.08% Zn or 3,321 g/t AgEq*Hole AL19-018: 0.95 m of 425 g/t Ag, 0.32% Cu, 3.17% Pb, 1.31% Zn or 622 g/t AgEq*Hole AL19-030: 1.95 m of 261 g/t AgHole AL19-031: 0.90 m of 337 g/t Ag and 0.90 m of 307 g/t Ag Hole AL19-026: 1.05 m of 134 g/t Ag, 0.31% Cu, 1.25% Pb, 3.89% Zn or 412 g/t AgEq* * Ag Equivalent is reported for comparison only, with no assumptions regarding metal recovery or smelter payments. Prices used are: Au: $1,496.70/troy ounce; Ag: $16.93/troy ounce; Cu: $2.59/pound; Pb: $0.94/pound; and Zn $1.01/pound (all amounts in U.S. dollars).\"Our systematic approach to determining the extent of the Alamos District continues to be validated by drilling silver mineralization in newly recognized veins outside of the historical mining areas. We now have high-grade silver intercepts in 10 of the 14 vein systems drilled to date,\" stated Darrell Rader, President and CEO of Minaurum Gold. \"We still have six more veins that need to be tested before we begin follow-up drilling that will target the veins that have the potential to host volumes of high-grade mineralization similar to that of the historic Quintera and Promontorio mines.\" Promontorio Vein System Hole AL19-025 drilled the Promontorio zone from the eastern, footwall side and intersected 3.80 m of 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn; including 0.95 m of 1,566 g/t ...