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Re: News Releases - Tuesday, November 29, 2011
Minaurum Drilling Outlines New Gold Zone at Aurena Project
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Minaurum Gold Inc. ("Minaurum") is pleased to announce the results of
the last nine drill holes of its first phase program at its Aurena
gold-skarn project in southern Mexico. These holes were drilled as
step outs along a 1.8 km trend leading away from hole AURC-11-001 that
intersected 20.50 m averaging 1.45 g/t Au. (See press release dated May
9, 2011) Significant gold values were intersected in six of the
holes. These results indicate that a second mineralized trend, distinct
from the one intersected in holes AURC-11-005 to 007 has been
discovered. Mineralization along both trends remains open both along
strike and down-dip.
A second phase drill program will be undertaken during the first half
of 2012, primarily focusing on tracing the mineralization encountered
in Phase 1 towards its source. Initial drilling results show that
mineralizing fluids migrated along well-defined structures and
contacts. The overall strength of the skarn system indicates that
higher grade and larger-scale zones should exist nearby in Minaurum's
18,554-hectare claim holdings.
Highlights from the second zone include:
To view a map of all of the drill holes, including those in this press
release, please follow the hyperlink below:
http://www.minaurum.com/i/maps/Aurena2011DASMap.gif.
The holes were drilled to the southwest to intersect a steeply
north-dipping contact zone. The most intense mineralization known from
drilling occurs along the contact between an upper metavolcanic package
and a lower metasedimentary package. This contact zone shows
considerable structural complexity and appears to have channeled
mineralizing fluids. Hole AURC-11-001 was the deepest intersection of
the contact zone and it intersected the strongest values encountered to
date in it: 20.50 m averaging 1.4 g/t Au from 160.50 m to 181.00 m
down-hole depth. Two individual samples ran more than 4 g/t Au in this
interval. Minaurum geologists believe that higher grades may be
encountered by following the zone down dip.
Minaurum carried out its 2011 diamond drill program at Aurena in an
environmentally and sensitive manner using a man-portable drill. A
total of 7,062 metres was drilled in 19 holes at Aurena in 2011.
Minaurum Gold is an exploration company focusing on gold and silver
dominant projects in Mexico that have "district-scale" exploration
potential. In addition to the Aurena gold-skarn project, Minaurum has
seven additional projects being advanced.
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
1500 - 409 Granville St.
Telephone 778 330-0994
Vancouver, BC V6C 1T2
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 Wed Nov 30, 2011 at 12:57:34 PM Pacific Time
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Minaurum Gold
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EXPLORATEUR |
CODE : MGG.V |
ISIN : CA60252Q1019 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Minaurum Gold est une société d’exploration minière d'or et d'argent basée au Canada. Ses principaux projets en exploration sont ADELITA, AURENA, VUELCOS DEL DISTINO et SANTA MARTA au Mexique. Minaurum Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 62,9 millions CA$ (45,8 millions US$, 41,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 12 mars 2010 à 0,95 CA$, et son plus bas niveau récent le 27 décembre 2013 à 0,03 CA$. Minaurum Gold possède 237 482 662 actions en circulation. |