Vancouver, British Columbia--(Newsfile Corp. - July 17, 2018) - Minaurum Gold Inc. (TSXV: MGG) (OTC: MMRGF) ("Minaurum") is
pleased to announce that it has discovered extensions of the historic Promontorio-Quintera Vein and the Nueva Europa Vein at the
Alamos Silver Project in Sonora, Mexico. The Promontorio-Quintera extension, named "Promontorio Sur," extends for 1 km and is
cut-off and down-dropped by a northwest-trending fault from the historic vein that produced in excess of 120M oz silver. The Nueva
Europa extension, known as "Nueva Europa Sur," was mapped for over 600m. The Nueva Europa vein was drilled 1.5 km north of the
extension in Hole AL17-007, which intersected 1.2 m of 541 g/t Ag and 0.28% Cu (see Minaurum News Release dated January 18,
2018).
"We are excited to have discovered what appears to be the southern extension of the historic Promontorio-Quintera vein. This
significant vein is abruptly cut-off by a fault while still in high-grade mineralization. The extension has the potential to host
virgin mineralization at depth and at grades similar to those that were historically mined," stated Darrell Rader, President and
CEO of Minaurum.
PROMONTORIO SUR VEIN
Mapping has indicated that the southern end of the Promontorio-Quintera vein is cut off by a NW-trending fault that separated the 1
km long Promontorio Sur from the historic vein, as well as dropping it down on the SW side of the fault. The N-NE-striking, steeply
NW-dipping Promontorio Sur cuts andesitic agglomerate and consists of quartz/carbonate/barite veins and breccia-fill up to 1.5 m
wide. No significant workings occur on the vein extension and the highest assay from surface sampling returned 181
g/t Ag and 1.06% Cu over 1.1m.
NUEVA EUROPA SUR VEIN
The NE-striking, steeply E-dipping Nueva Europa vein was extended to the southwest another 600 m by recent mapping and sampling
(Table 1; Figures 1, 2 and 3). With the new extension, the entire Nueva Europa vein measures 2 km in length. A 0.8 m long chip
sample on the Nueva Europa Sur vein zone assayed 52 g/t Ag and 0.54% Cu, and a sample from a prospect
dump ran 91 g/t Ag and 1.00% Cu (Table 1; Figures 1, 2, and 3). For comparison purposes, Hole AL17-007, which intersected
1.2 m of 541 g/t Ag and 0.28% Cu, was drilled approximately 150 m down-dip from surface samples assaying from 6 to 93 g/t Ag and
from 0.02 to 0.12% Cu.
Figure 1: Mapped vein zones, Alamos Project. Newly mapped zones described in this press release are in red.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3455/36026_36026_a1531858713414_34.jpg
Figure 2: Geological map of the Promontorio Sur and Nueva Europa Sur vein zones, showing silver values in rock samples, Alamos
Project. Note U (up) and D (down) symbols indicating relative displacement of fault blocks.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3455/36026_36026_a1531858713508_30.jpg
Figure 3: Geological map of the Promontorio Sur and Nueva Europa Sur vein zones, showing copper values in rock samples, Alamos
Project. Note U (up) and D (down) symbols indicating relative displacement of fault blocks.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/3455/36026_36026_a1531858713586_27.jpg
Table 1. Rock geochemical sampling, Promontorio Sur and Nueva Europa Sur (NES) vein zones.
Type |
Vein |
Width (m) |
Ag g/t |
Au ppb |
Cu % |
Pb % |
Zn % |
Chip |
Promontorio Sur |
1.0 |
0.77 |
2.00 |
0.011 |
0.059 |
0.156 |
Chip |
Promontorio Sur |
0.8 |
1.81 |
34.00 |
0.004 |
0.265 |
0.392 |
Chip |
Promontorio Sur |
1.0 |
4.73 |
19.00 |
0.103 |
0.098 |
0.239 |
Chip |
Promontorio Sur |
0.8 |
2.06 |
2.00 |
0.016 |
0.051 |
1.430 |
Chip |
Promontorio Sur |
0.8 |
12.90 |
40.00 |
0.035 |
0.035 |
0.235 |
Chip |
Promontorio Sur |
1.1 |
181.00 |
11.00 |
1.060 |
0.003 |
0.016 |
Chip |
Promontorio Sur |
1.0 |
2.05 |
4.00 |
0.025 |
0.066 |
0.172 |
Float |
Promontorio Sur |
|
3.38 |
3.00 |
0.003 |
0.096 |
0.542 |
Chip |
Promontorio Sur |
1.0 |
7.73 |
41.00 |
0.031 |
0.975 |
4.970 |
Chip |
Promontorio Sur |
1.5 |
4.39 |
0.50 |
0.061 |
0.102 |
0.247 |
Chip |
Promontorio Sur |
1.0 |
1.06 |
19.00 |
0.013 |
0.246 |
0.317 |
Chip |
NES |
1.0 |
29.5 |
97.00 |
0.284 |
0.564 |
0.718 |
Chip |
NES |
0.8 |
51.6 |
155.00 |
0.539 |
0.866 |
0.416 |
Dump select |
NES |
|
91.2 |
153.00 |
1.000 |
0.709 |
4.480 |
Chip |
NES |
1.3 |
18.55 |
32.00 |
0.196 |
0.186 |
0.917 |
Chip |
NES |
1.0 |
18.45 |
9.00 |
0.115 |
0.387 |
0.567 |
Chip |
NES |
1.0 |
0.16 |
1.00 |
0.006 |
0.001 |
0.013 |
Minaurum Gold Inc. (TSXV: MGG) (OTC: MMRGF) (FSE: 78M) is a Mexico-focused explorer concentrating on the high-grade
Alamos Silver project in southern Sonora State. With a property portfolio encompassing multiple additional district-scale projects,
Minaurum is managed by one of the strongest technical and finance teams in Mexico. Minaurum's goal is to continue its founders'
legacy of creating shareholder value by making district-scale mineral discoveries and executing accretive mining transactions. For
more information, please visit our website at www.minaurum.com and our YouTube Minaurum Video Channel.
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu — Investor Relations Manager
(778) 330 0994 or via email at pannu@minaurum.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
2300 — 1177 West Hastings Street
Telephone 778 330-0994
Vancouver, BC V6E 2K3
www.minaurum.com
info@minaurum.com
Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified Person as defined by National Instrument
43-101, reviewed and verified the assay data, and has approved the disclosure in this News Release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute
forward-looking information. In making the forward-looking statements in this release, Minaurum has applied certain factors and
assumptions that are based on Minaurum' s current beliefs as well as assumptions made by and information currently available to
Minaurum. Although Minaurum considers these assumptions to be reasonable based on information currently available to it,
they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and
other factors that may cause future results to differ materially from those expressed or implied in such forward-looking
statements. Readers are cautioned not to place undue reliance on forward-looking statements. Minaurum does not intend, and
expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law.
Quality Assurance/Quality Control: Preparation and assaying of drilling samples from Minaurum's Alamos
project are done with strict adherence to a Quality Assurance/Quality Control (QA/QC) protocol. Core samples are sawed in half and
then bagged in a secure facility near the site, and then shipped by a licensed courier to ALS Minerals' preparation facility in
Hermosillo, Sonora, Mexico. ALS prepares the samples, crushing them to 70% less than 2mm, splitting off 250g, and
pulverizing the split to more than 85% passing 75 microns. The resulting sample pulps are prepared in Hermosillo, and then
shipped to Vancouver for chemical analysis by ALS Minerals. In Vancouver, the pulps are analyzed for gold by fire assay and ICP/AES
on a 50-gram charge. In addition, analyses are done for a 48-element suite using 4-acid digestion and ICP analysis. Samples
with silver values greater than 100 g/t; and copper, lead, or zinc values greater than 10,000 ppm (1%) are re-analyzed using 4-acid
digestion and atomic absorption spectrometry (AAS).
Quality-control (QC) samples are inserted in the sample stream every 20 samples, and thus represent 5% of the total samples. QC
samples include standards, blanks, and duplicate samples. Standards are pulps that have been prepared by a third-party laboratory;
they have gold, silver, and base-metal values that are established by an extensive analytical process in which several commercial
labs (including ALS Minerals) participate. Standards test the calibration of the analytical equipment. Blanks are rock material
known from prior sampling to contain less than 0.005 ppm gold; they test the sample preparation procedure for cross-sample
contamination. In the case of duplicates, the sample interval is cut in half, and then quartered. The first quarter is the original
sample, the second becomes the duplicate. Duplicate samples provide a test of the reproducibility of assays in the same drilled
interval.
When final assays are received, QC sample results are inspected for deviation from accepted values. To date, QC sample
analytical results have fallen in acceptable ranges on the Alamos project.