Minaurum Gold

Published : June 14th, 2011

Drills 43.50 m of 1.01 g/t Gold at Aurena Project, Mexico

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   G Mexico | Gold | Mexico |
=======================================================================
Re:   News Releases - Tuesday, June 14, 2011
      Minaurum Drills 43.50 m of 1.01 g/t Gold at Aurena Project,
      Mexico
=======================================================================

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.

=======================================================================
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
=======================================================================
.
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Minaurum Gold

EXPLORATION STAGE
CODE : MGG.V
ISIN : CA60252Q1019
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact 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$ 60.6 millions as of today (US$ 44.3 millions, € 41.6 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Minaurum Gold
11/30/2015Minaurum Raises $2.5 Million
11/4/2015Minaurum to Loan Guerrero Ventures $770,000 to explore the B...
9/19/2015Minaurum Gold Closes Final Tranche of Private Placement
9/18/2015Minaurum Gold Closes Final Tranche of Private Placement
8/11/2015Minaurum Gold Closes Third Tranche of Non Brokered Private P...
1/16/2014Closes Second Tranche of Non Brokered Private Placement
1/7/2014Increases Size of Non Brokered Private Placement to $1.3 Mil...
12/21/2013Closes First Tranche of Non Brokered Private Placement
12/20/2013Lowell Copper and Minaurum Gold Enter into Option Agreement;...
6/14/2013Closes First Tranche of Non-Brokered Private Placement
5/24/2013Receives Extension for Non-Brokered Private Placement
4/12/2013Announces Non-Brokered Private Placement
2/22/2011Closes Oversubscribed $5.7M Financing
1/28/2011 arranges $5-million private placement
Option Grants of Minaurum Gold
12/3/2010 1.375.000 Options Grant at $ 0,76 a share
Project news of Minaurum Gold
4/9/2015(Vuelcos Del Distino)Minaurum Receives Drill Permits At Vuelcos Del Destino Proje...
4/9/2015(Vuelcos Del Distino)Receives Drill Permits at Vuelcos del Destino Project in Gue...
6/19/2013(Santa Marta)Receives Report from Dr. James Franklin on the Santa Marta V...
1/17/2013(Adelita)Regains 100% Control of Adelita Gold-Silver-Copper Project
9/20/2012(Adelita)Multiple Copper-Gold-Silver Skarn Zones Discovered at Adelit...
8/28/2012(Adelita)Adelita Gold-Copper Project Expanded, New Skarn Zone Discove...
5/15/2012(Corazonada)Commences Drill Program at Corazonada Silver-Zinc Project an...
2/29/2012(Adelita)Announces Drill Program at Adelita Project, Mexico
1/12/2012Outlines Drill Targets at Vuelcos Del Destino in the Guerrer...
11/30/2011(Aurena)Drilling Outlines New Gold Zone at Aurena Project
6/15/2011(Aurena)(MGG-TSXV) drills 43.50 m of 1.01 g/t Au at Aurena
5/9/2011(Aurena)MGG Minaurum Gold drills 29.05 m of 1.99 g/t Au at Aurena
4/1/2011(Aurena)Increases Drill Program at Aurena Gold Project to 5000m
3/11/2011(Aurena)(MGG-TSXV) names Talbot to board and Moodie CFO, drilling c...
2/16/2011(Adelita)Options Adelita Copper Project to Ocean Park Ventures Corp.
Corporate news of Minaurum Gold
4/25/2016Biricu Project Update
2/6/2014Arranges Shares for Debt
11/20/2013Renegotiates Financing with Global Resources Investment Ltd.
10/3/2013Arranges Estimated $1 Million Financing with Global Resource...
5/15/2013Identifies Numerous High-Grade Gold-Silver Targets at Jackie...
4/15/2013Director & Senior Geologist, David Jones Interviewed By Kitc...
3/21/2013(Adelita)Releases Final Drill Results from Adelita Copper-Gold-Silver...
3/20/2013Analyst Merrill Mchenry: Minaurum Most Leveraged Story in GG...
2/19/2013(El Porfido)Identifies Priority Exploration Targets at the El Porfido Go...
1/24/2013Announces Analyst Coverage Initiated By Industrial Alliance ...
1/17/2013Exhibiting at Cambridge House Vancouver, Jan 20-21 2013
10/30/2012Merrill McHenry: Keeping An Eye on the Guerrero Gold Belt
10/16/2012(El Porfido)Amends Terms of Jackie and El Porfido Agreements
9/11/2012DIRECTOR PETER MEGAW HIGHLIGHTED BY 321GOLD
8/13/2012Senior Geologist David Jones of Minaurum Gold interviewed on...
7/16/2012Announces Analyst Coverage Initiated by Euro Pacific Canada ...
7/5/2012s Investor Video Presentation
6/6/2012Interviews Sean Rakhimov of SilverStrategies.com
5/31/2012(Adelita)Drilling Intersects 201 metres of 0.52% Copper at the Adelit...
4/11/2012Launches New Website & Guerrero Gold Belt Informational Vide...
3/16/2012Announces Silver Coin Winner
1/20/2012We Invite You To Visit Us At the Cambridge Conference In Van...
7/28/2011will be exhibiting at the GATA Gold Rush 2011 Show
6/14/2011(Aurena)Drills 43.50 m of 1.01 g/t Gold at Aurena Project, Mexico
5/9/2011(Aurena)Drills 29.05 m of 1.99 g/t Gold at Aurena Project Drill Prog...
3/29/2011(Aurena)(MGG-TSXV) adds 2,000 m to Aurena drill program
3/11/2011Appoints Lawrence Talbot to the Board of Directors, Cale Moo...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MGG.V)
0.255+6.25%
TSX-V
CA$ 0.255
04/23 16:59 0.020
6.25%
Prev close Open
0.240 0.240
Low High
0.230 0.265
Year l/h YTD var.
0.120 -  0.330 15.91%
52 week l/h 52 week var.
0.115 -  0.330 4.08%
Volume 1 month var.
180,450 6.25%
24hGold TrendPower© : 35
Produces
Develops
Explores for Copper - Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/15/2015
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202441.67%
20230.00%0.280.11
2022-41.94%0.450.15
2021-43.64%0.690.23
202019.57%0.850.22
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.11+2.21%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55-0.90%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.47+3.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.25-3.42%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-3.76%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.57+0.84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :