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Re: News Releases - Tuesday, June 14, 2011
Minaurum Drills 43.50 m of 1.01 g/t Gold at Aurena Project,
Mexico
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Minaurum Gold Inc. ("Minaurum") announces the results of the second
group of five drill holes in its ongoing first phase drill program
targeting a 3000 m long by 1500 m wide surface gold geochemical anomaly
on its 100% 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 follow the hyperlink below:
http://www.minaurum.com/i/maps/Aurena2011DASMap.gif
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.
Hole AURC-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:
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.
Minaurum is an explorer focusing on gold-dominant metals deposits in
Mexico. The Company is currently advancing a portfolio of projects
including the Aurena gold-skarn project.
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.
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
1500 - 409 Granville St.
Vancouver, BC V6C 1T2
Telephone 778 330-0994
www.minaurum.com
info@minaurum.com
Quality Assurance/Quality Control: Preparation and assaying of
drilling samples from Minaurum's Aurena 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 Guadalajara, Jalisco, Mexico. Pulps of the
samples are prepared in Guadalajara, from where they are shipped to
Vancouver for chemical analysis by ALS Minerals. Samples are analyzed
for gold by fire assay and ICP/AES on a 50-gram charge. In addition,
analyses are done for a 51-element suite using aqua regia digestion and
ICP analysis.
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
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 Aurena project.
Forward Looking Statement: Some of the statements contained in this
press release are forward-looking statements. Forward-looking
statements are not historical facts and are subject to a number of
risks and uncertainties beyond the Company's control, including, but
not exclusively, statements regarding potential mineralization,
exploration results, completion of work program and studies, and future
plans and objectives of the Company. Resource exploration, development
and operations are highly speculative, characterized by a number of
significant risks, which even a combination of careful evaluation,
experience and knowledge may not eliminate, including, among other
things, unprofitable efforts resulting not only from the failure to
discover mineral resources but from finding mineral deposits which,
though present, are insufficient in quantity and quality to return a
profit from production.
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Copyright (c) 2011 MINAURUM GOLD (All) All rights reserved. For more
information visit our website at http://www.minaurum.com/ or send
mailto:info@minaurum.com
Message sent on Tue Jun 14, 2011 at 2:10:11 PM Pacific Time
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Minaurum Gold
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EXPLORATION STAGE |
CODE : MGG.V |
ISIN : CA60252Q1019 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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$ 62.9 millions as of today (US$ 45.8 millions, € 41.8 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. |