Minaurum Successfully Completes Phase I Drill Program at Alamos and Announces Plans for Phase II Program
Minaurum Gold Inc., (“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.”
Púlpito and Cotera Veins
Minaurum tested both Púlpito and Cotera veins with a single hole, AL19-035 (Figures 1 and 2). The hole cut several zones of mineralization, including 7.60 m of vein breccia from 392.10 to 399.70 m that averaged 155 g/t Ag, about 150 m below the surface expression of Cotera. Within that interval a 2.15-m section ran 470 g/t Ag. A 20-cm wide sample within a blind sulfide-bearing quartz vein at Púlpito at a depth of 159.70 m assayed 367 g/t Ag, 6.75 g/t Au, 1.35% Cu, 0.59% Pb, and 0.56% Zn.
Alessandra Vein
Hole AL19-038 cut 6.60 m of 3.89% combined Cu, Pb, and Zn from 368.50 to 375.10 m (Figure 1). Mineralization is associated with specular hematite veining and breccia-matrix fill with quartz veinlets cutting skarn and hornfels. The significant visible gold encountered in surface samples was not encountered in drilling (See New Release dated November 26, 2018).
Promontorio Vein
Hole AL19-032 was drilled beneath the Promontorio mine workings and intersected weak mineralization approximately 300 m below the AL19-025 intercept (see News Release dated August 22, 2019). Hole AL19-034 was drilled from the same pad as hole -032, but at a shallower angle (Figures 1 and 3). It cut 1.10 m that assayed 729 g/t Ag, 1.73 g/t Au, and several percent base metals.
La Dura and Tijera Veins
AL19-036 targeted projections of both La Dura and Tijera. The hole cut 0.50 m of quartz veinletting assaying 160 g/t Ag from 395.50 to 396.00 m. The mineralized zone appears to correspond to the La Dura zone mapped on surface.
Las Animas Vein
Hole AL19-037 was drilled into the recently discovered Las Animas vein. The hole confirmed that the mineralized vein zone dips steeply to the east and is associated with diorite, andesite, and felsite dikes cutting granodiorite. The hole cut 1.05 m assaying 245 g/t Ag and 1.8% combined base metals from 353.50 to 354.55 m.
Rosario Vein
Hole AL19-033 cut 7.35 m averaging 47 g/t Ag in a fault zone with fragments of mineralized quartz vein from 300.70 to 308.05 m. The fault zone confirmed the model of a mineralized zone dipping steeply to the southwest.
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