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Re: News Releases - Tuesday, November 15, 2011
Minaurum Announces Initial Drilling at Capilla Silver Project
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Minaurum Gold Inc. ("Minaurum") is pleased to announce the start of a
1,000 metre (minimum) drill program at its Capilla Silver project,
located in the historic high-grade P�nuco-Copala District in Sinaloa
state, Mexico. Historically, the P�nuco-Copala District produced over
100 million oz of Silver and a significant amount of Gold from
laterally persistent epithermal veins. Minaurum geologists believe
that the veins at Capilla are exposed at a very high level with the
potential for intact high-grade silver shoots, similar to those found
in outcrop 350 years ago in the more deeply eroded parts of the
district.
Drilling will test the depth projection of a north-northwest striking
and east-dipping quartz vein and quartz stockwork system that has been
traced for more than 1,200 metres in outcrop across the Minaurum
holdings. A minimum of 1,000 metres in 3-4 holes will be drilled in
this first phase.
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 Capilla silver project, Minaurum is
actively advancing seven additional gold and silver projects.
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.
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 Capilla 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 Capilla 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 Nov 15, 2011 at 1:16:01 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$ 53.4 millions as of today (US$ 39.3 millions, € 35.3 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. |