Business
Minaurum Gold to Perform Airborne Geophysical Surveys of Mexican Projects and Provides Update on Recent Acquisitions
Minaurum Gold to Perform Airborne Geophysical Surveys of Mexican Projects and Provides Update on ...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"\nMinaurum Gold to Perform Airborne Geophysical Surveys of Mexican Projects and Provides Update on Recent Acquisitions\n\n\n Dec. 2, 2010 (TheNewswire.ca) -- Minaurum Gold Inc. (the \"Company\" or \"Minaurum\") announces that it has engaged Geotech Ltd. of Ontario, Canada to fly VTEM airborne geophysical surveys over its 100% controlled Aurena, Adelita, Vuelcos del Destino, Jackie, El Pórfido, and Santa Marta Properties. The surveys are expected to significantly advance geological understanding and drill targeting, and are scheduled to be completed by early 2011.Aurena Gold-Skarn Project (Southern Oaxaca): A gold-in-soil and rocks anomaly measuring 1,000 metres east-west by 100 to 400 metres north-south has been delineated by work in a limited outcrop area. The anomaly area includes four outcrop samples assaying more than 5 g/t Au and seven soil samples carrying over 1 g/t Au (See Press Release of October 19, 2010). The VTEM geophysical survey may reveal potential extensions of surface mineralization is expected to expand this anomaly under flanking cover, yielding additional targets for drilling in early 2011.Adelita Skarn/Porphyry Project (Southern Sonora): Strong copper-silver-gold skarn mineralization was cut in several holes in Minaurum's recently completed 1,819-m drilling program here (See Press Release dated October 6, 2010). Concurrent geologic mapping and sampling revealed an adjacent 500 m by 2000 m copper and molybdenum rock-chip-soil sample anomaly; the combined results indicate that a significant copper-molybdenum porphyry system is present. The VTEM survey is expected to help define mineralized and altered intrusive bodies through cover and give clues to the full dimensions of the system.Vuelcos del Destino, Jackie, El Pórfido and Corazonada Gold-Silver Skarn Projects (Guerrero and Puebla): These four 100% owned projects are well located in and around the Guerrero Gold Belt of southern Mexico where over 11 million ounces of gold have been recently discovered. Minaurum has acquired these projects from the explorers responsible for finding the most important mine in the belt: Goldcorp's (TSX:G''G) (NYSE:GG) (TSX:G) Los Filos Mine. Guerrero Gold Belt deposits are related to porphyry intrusions with strong and distinctive geophysical signatures that should respond well to the VTEM technique. Corazonada has a...