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Minaurum Successfully Completes Phase I Drill Program at Alamos and Announces Plans for Phase II Program
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Minaurum Gold Inc. (TSXV: M...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"Minaurum Successfully Completes Phase I Drill Program at Alamos and Announces Plans for Phase II ProgramVancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Minaurum Gold Inc. (TSXV: MGG), (\"Minaurum\") is pleased to announce that it has completed its Phase I Drill program at the Alamos silver project in Sonora, Mexico. Phase I tested 19 of the 25 vein systems identified to date at Alamos. Fourteen of the nineteen vein systems returned high-grade silver intercepts demonstrating that mineralization occurs throughout a 10 km-long by 6 km-wide corridor. In addition, Minaurum has acquired a large collection of historic 1950s to 1980s surface and underground drilling data that is under review for incorporation into Phase II exploration planning. Highlights of recent drilling include:1.10 m of 729 g/t Ag, 1.73 g/t Au, and 8.91% Cu-Pb-Zn (Hole AL19-034) 2.15 m of 470 g/t Ag and 1.67% Cu-Pb-Zn (Hole AL19-035) 1.05 m of 245 g/t Ag and 1.77% Cu-Pb-Zn (Hole AL19-037) 4.20 m of 5.38% Cu-Pb-Zn (Hole AL19-038)The goal of Phase I was to put at least one hole into each identified vein system to establish the district footprint and develop a prioritized vein inventory for Phase II step-out drilling. Phase I drilling totaled 18,810 m in 40 holes. The holes reported here tested the previously undrilled Rosario, Púlpito, Cotera, La Dura, Tijera, Las Animas, and Alessandra veins. Table 1 presents mineralized intervals for holes AL19-032 through AL19-038. Hole AL19-035 also cut significant gold (6.75 g/t Au) in a 20 cm-wide blind vein. Assays for holes AL19-039 and AL19-040 are pending and will be announced as they are received. Phase II will combine step-out drilling of the highest-grade veins intersected in Phase I and additional targets stemming from the recently acquired historic data files. Phase II is expected to commence in late-March and will include a minimum of 20,000 m of drilling, employing multiple drill rigs. \"Phase I drilling allowed us to outline the footprint of the Alamos District and generate an inventory of silver-rich veins for systematic follow-up drilling,\" stated Darrell Rader, President and CEO of Minaurum Gold. \"Also, we are pleased to have acquired a significant quantity of historical data and expect that, once reviewed and verified, it will significantly enhance Phase II drill targeting.\" Púlpi...