Minaurum Announces Initial Drill Results from Alamos; Discovers Wide Zones of Mineralization

http://www.minaurum.com/s/NewsReleases.asp?ReportID=806562&_Type=News-Releases&_Title=Minaurum-Announces-Initial-Drill-Results-from-Alamos-Discovers-Wide-Zones-o…

Minaurum Gold, Inc. (“Minaurum”) is pleased to announce results from its first five holes drilled at the historic Alamos Silver Project in Sonora, Mexico. The holes successfully tested the Promontorio vein zone, the “Piano-Key” structural model, and the Minas Nuevas area targets. At Promontorio, Holes AL17-004 and AL17-005 discovered a new mineralized structure that returned highlights of:

  • 20.15 m of 154 g/t Ag, 0.5% Cu, 2.3% Pb, 6.8% Zn; or 694 g/t Ag Equivalent (“AgEq”)* in Hole AL17-004.
  • 3.15 m of 322 g/t Ag, 0.47% Cu, 1.65% Pb, 3.29% Zn; or 521 g/t AgEq* in Hole AL17-005.

* Ag Equivalent is reported for comparison only, with no assumptions regarding metal recovery or smelter payments. Prices used are: Au: $1,275.90 per ounce; Ag: $17.09/troy ounce; Cu: $3.13/pound; Pb: $1.10/pound; and Zn $1.50/pound (all amounts in U.S. dollars).

Hole AL17-003 was drilled to the west of Promontorio to test Minaurum’s “piano-key” model of down-thrown blocks adjacent to the historic mining area. This hole intersected a blind brecciated vein from 185.5-186m that assayed 0.10% Cu and 0.29% Zn with anomalous silver. This proves the existence of blind veins in the down-dropped blocks. Subsequent drilling will vector toward stronger mineralization in these areas.

At Minas Nuevas Hole AL17-001 cut 17.65 m grading 96 g/t Ag which both confirms Minaurum’s bulk tonnage concept and indicates significant potential both down-dip and along strike.

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