Minaurum Acquires Strategic Interest in ASR Resources Corp. via Joint Venture on Adelita Copper-Gold Project

minaurum 09032021

Minaurum Gold Inc. (“Minaurum”) (TSXV:MGG) (OTCQX:MMRGF) is pleased to announce that it has entered into an option agreement with ASR Resources Corp. (“ASR”), pursuant to which ASR can earn an 80% interest in Minaurum’s Adelita copper-gold project in Sonora, Mexico.  ASR can earn its interest by issuing shares totaling 16% of its post-IPO shares outstanding, making cash payments totaling $75,000 and incurring $3M in work expenditures over 5 years.  Minaurum’s 20% retained interest will be carried until ASR carries out a total of $4.75M in work expenditures along with completing both a mineral resource calculation in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and a Preliminary Economic Assessment.

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