Minaurum Gold appoints Megaw,
Jones directors
Mr. Darrell Rader reports
MINAURUM
APPOINTS DR. PETER MEGAW AND DAVID M. JONES TO THE BOARD OF DIRECTORS
Minaurum
Gold Inc. (the "Company" or "Minaurum")
is pleased to announce the appointments of Dr. Peter Megaw
and David M. Jones to the Board of Directors.
Dr. Peter
K.M. Megaw is the President of IMDEX/Cascabel and co-founder of Minera
Cascabel, MAG Silver, and Minera
Mariposa. Dr. Megaw has been working as a geologist
in Mexico for 30 years and is
credited with significant discoveries at Mag Silver's
Juanicipio-Fresnillo, Zacatecas, Platosa, Durango;
and Cinco de Mayo, Chihuahua.
He and his associates also put together the Mexican property portfolio now held
by Lakeshore Gold and arranged the acquisition of X-Strata's Latin American
holdings by Linear Gold.
Dr. Megaw is a frequent key speaker at various international
academic and technical symposia and has been published extensively. He is
considered an expert on Carbonate Replacement Deposits and Epithermal Vein
Deposits. Peter has served on the Board of MAG Silver since 2005, and Candente Gold since 2009. In 2003, Peter's group teamed
with David Jones to form Minera Mariposa through
which several of Minaurum's properties were obtained.
David M.
Jones is a graduate of Dartmouth College
and the University
of Arizona (M.S. 1987) with
over 30 years experience in mineral exploration and project management. As
Chief Geologist of Teck's Nukay
Project from 1994-1999, Mr. Jones is credited with the geologic modeling that
led to the discovery of the Los Filos gold-skarn deposit, which became Mexico's largest gold producer
(Goldcorp Inc.) in 2010. Application of his model to other properties in the
region dramatically expanded the conceptual extent of the Guerrero Gold Belt
and led to the discoveries of El Limon and Los Guajes,
also major gold-skarn deposits.
He has
published numerous technical articles and is considered to be the foremost
expert on Guerrero Gold Belt type deposits. Mr. Jones has worked extensively
throughout the Guerrero Gold Belt for clients including Wheaton
River, PeAplus
or minusoles, Grupo Mexico,
Torex and a number of Canadian juniors. David
co-founded Minera Mariposa with Dr. Megaw's team in 2003 and Minera Zalamera in 2006. His exploration work led to the
acquisition of the portfolio of gold properties in and around the Guerrero Gold
Belt acquired by Minaurum from Minera
Mariposa and Minera Zalamera.
"Dr.
Peter Megaw and David Jones played integral roles in
generating Minaurum's portfolio of Mexican gold and
copper properties and their knowledge and experience with skarn,
epithermal and porphyry mineralization in Mexico will play a key role in
advancing Minaurum Gold to the next level"
stated Darrell Rader, Minaurum Gold's President and
CEO.
Minaurum
also announces the resignation of Aaron Keay from the
Board of Directors. The Board wishes to thank Aaron for his contributions to
the Company.
Minaurum
Gold is a gold and silver explorer focusing on the acquisition and development
of precious metals deposits in Mexico.
The Company is currently advancing a portfolio of projects including the Aurena Gold skarn project. At the
Aurena project, drill permitting is currently
underway and a drill program is anticipated to commence in early 2011.