Vancouver, British Columbia–(Newsfile Corp. – November 9, 2016) – Minaurum Gold, Inc. (TSXV: MGG) (“Minaurum”) is pleased to announce that its ongoing mapping and sampling program along with the reinterpretation of historical data has identified a new bulk-tonnage silver target at the La Quintera Silver Project in Southern Sonora State, Mexico.
The Minas Nuevas bulk-tonnage target has a strike length of 700 meters and is 25 meters wide. It includes the Zambona and Purísima historical mines which produced approximately 35 million ounces of silver from small open pits and underground workings between 1860 to about 1910. Mineralized stockwork quartz veining surrounding the old workings exhibits the potential for bulk-tonnage silver mineralization. The depth of the workings indicates that the stockwork veining extends to depths greater than 100 meters. In addition, 101 historical rock samples from outcrops and veining in old mine workings at Minas Nuevas averaged 128 g/t Ag with a high of 875 g/t Ag. Minaurum’s sampling work confirmed the previous results and returned from old mine workings; 236 g/t Ag, 178 g/t Ag and from surface; 112 g/t Ag, 134 g/t Ag and 176 g/t Ag.