Minaurum Gold

Published : June 15th, 2011

(MGG-TSXV) drills 43.50 m of 1.01 g/t Au at Aurena

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Keywords :   G Mexico | Gold | Mexico |

 

Minaurum Gold drills 43.50 m of 1.01 g/t Au at Aurena

Minaurum Gold Inc (C:MGG)
Shares Issued 46,687,146
Last Close 6/13/2011 $0.52
Tuesday June 14 2011 - News Release

Mr. Darrell Rader reports

MINAURUM DRILLS 43.50 M OF 1.01G/T GOLD AT AURENA PROJECT, MEXICO

Minaurum Gold Inc. has released the results of the second group of five drill holes in its continuing first-phase drill program targeting a 3,000-metre-long-by-1,500-metre-wide surface gold geochemical anomaly on its 100-per-cent-owned Aurena gold-skarn project in southern Mexico. (See News Releases dated October 19, 2010 and May 9, 2011). The holes were drilled as step-outs from the first five holes and two of the holes in this second group intercepted significant thicknesses of sulfide-bearing prograde skarn-altered rocks, starting close to the surface. To view a map of the first 10 drill holes, including those in this press release, please see the company's website.

The best results came from Hole AURC-11-006 which, starting at 4.50 m,cut 43.50 m of 1.01 g/t Au, including 19.50 m of 1.64 g/t Au. The highest grade sample was 3.48 g/t Au. The hole was collared 90 m north of hole AURC-11-005 and drilled S20W at -45 degrees. Mineralization is sulfide-rich with no evidence of significant surface or oxide enrichment.

HoleAURC-11-007, collared at the same location as AURC-11-006 but drilled to the west-northwest at minus 45 degrees. It intersected two important mineralized zones: 6.00 m of 0.84 g/t Au, from 34.50 m to 40.50 m; and 23.80 m of 0.99 g/t Au, from 125.20 m to 149.00 m. The highest grade sample was 2.86 g/t Au. A 1.5m intersection from 24.00 m to 25.50 m returned 1,280 g/t Ag (37 oz/t Ag) and 0.48 g/t Au.

"Continuing to intersect gold mineralization at surface confirms the potential of this gold-skarn system," stated Darrell Rader, President and CEO of Minaurum. "We now have near-surface mineralization in three contiguous holes that appear to lie along the fringes of a potentially stronger part of this gold system. Gold mineralization remains potentially open to the west, northwest, north, and at depth, from these two reported holes. Our ongoing step-out drilling program is aggressively focused on tracking down its extent."

 
 
Highlights from holes AURC-11-006 and AURC-11-007 include: 
 
 
 
Hole               From (m)       To (m)       Interval (m)       Au (g/t)      Ag (g/t)
 
  
 
AURC-11-006           4.50         48.00         43.50              1.01          2.20
 
including             4.50         13.50          9.00              1.24          3.29
 
and                  28.50         48.00         19.50              1.64          2.41
 
AURC-11-007          24.00         25.50          1.50              0.48         1,280 
 
                     34.50         40.50          6.00              0.84          1.72
 
                    125.20        149.00         23.80              0.99          1.42
 
including           134.00        149.00         15.00              1.33          1.41
 

Anomalous, but not significant gold values, were encountered in holes AURC-11-008, AURC-11-009, and AURC-11-010. Hole AURC-11-008 was drilled from the same location as holes AURC-11-003 and AURC-11-004, but to the east-southeast at minus 45 degrees. It cut anomalous gold values at the surface and in hornfels before entering a thick section of unmineralized marble. Vertical hole AURC-11-009 and angle -hole AURC-11-010 were drilled from the same collar location about 300 m to the southeast of hole AURC-11-008. AURC-11-010 was drilled to the south-southwest to test an aeromagnetic anomaly and the contact of the granodiorite/diorite intrusive body. Anomalous gold was encountered in both holes in discrete zones within broad intercepts of sulfide-bearing hornfels and skarn.

Qualified Person

Mr. Stephen R Maynard, M.S., C.P.G., has acted as the qualified person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this release.

We seek Safe Harbor.

� 2011 Canjex Publishing Ltd.

Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Minaurum Gold

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CODE : MGG.V
ISIN : CA60252Q1019
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Minaurum Gold is a gold and silver exploration company based in Canada.

Its main exploration properties are ADELITA, AURENA, VUELCOS DEL DISTINO and SANTA MARTA in Mexico.

Minaurum Gold is listed in Canada. Its market capitalisation is CA$ 43.9 millions as of today (US$ 31.5 millions, € 29.7 millions).

Its stock quote reached its highest recent level on March 12, 2010 at CA$ 0.95, and its lowest recent point on December 27, 2013 at CA$ 0.03.

Minaurum Gold has 237 482 662 shares outstanding.

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