Minaurum Gold starts Aurena
drill program
Mr. Darrell Rader reports
MINAURUM COMMENCES DRILLING
AT AURENA GOLD PROJECT
Minaurum Gold Inc. has commenced a
first-phase 3,000-metre drill program at its 17,000-hectare Aurena
gold skarn project in Oaxaca state,
Mexico. Ten to 15 holes will be drilled, initially on the Aurena
target, where Minaurum recently outlined coincident high-grade
gold-in-soil and rock chip anomalies covering an area 1,000 metres
east-west by 100 to 400 metres north-south.
Approximately 30 per cent of the rock chip samples in the area assayed more
than 1 gram per tonne (g/t) Au; the highest gold
value was 6.46 g/t. Similarly, 30% of the soil samples assayed greater than 0.5
g/t Au; the highest Au value in soils was 5.77 g/t Au (See Press Release dated
October 19, 2010).
An airborne magnetics and VTEM geophysical survey covering the entire Aurena property was recently completed. Results are
currently being analyzed. Pro-grade gold skarns such
as Aurena,
commonly have strong geophysical signatures and it is expected that the
airborne survey will improve targeting in the immediate area as well as help
recognize additional mineralized centres within the
property.
"We are very excited
to begin drilling this large, high-grade coherent gold anomaly located on the Aurena project. Surface work completed to date has already
generated numerous additional targets to test during this drill program and we
expect the recently completed magnetics and VTEM
survey to significantly add to our known targets", stated Darrell Rader, Minaurum Gold's President and CEO.
Several drill holes are
also planned elsewhere within the 3 km long by 1.5 km wide, ESE-WNW belt of
sulfide-bearing and skarn-altered sedimentary and
intrusive rocks that host the Aurena Target. Soil
sampling within the immediate 1.8 km long projection of the Aurena
Zone has revealed significant areas of 25-100 ppb Au. The Company is also
planning to drill three to four holes for the Guelaguichi
target area in the northeastern part of the project, where similar alteration
and geochemical results have been recognized.
David M Jones, the
geologist from whom Aurena has been optioned, has
designed the current drill program. Mr. Jones is credited with the discovery of
the Los Filos Gold Skarn
deposit, the flagship deposit of Goldcorp's 9M oz Guerrero Gold Belt holdings
and he early on recognized Aurena's potential as a
gold Skarn system. Infrastructure on the project is
excellent with paved roads and power lines crossing the claims.
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.