Minaurum Gold

Published : September 09th, 2010

Minaurum Announces Acquisition of Jackie Gold Project, Mexico

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Minaurum Announces Acquisition of Jackie Gold Project, Mexico


 

 

 

 

 

Minaurum Gold Inc. (the "Company" or "Minaurum") announces that the Company has entered into an agreement with Minera Mariposa S.A. to acquire a 100% interest in the 5,025 hectare Jackie Gold project located in Guerrero State, Mexico. The project is located 65 km north-northeast of Goldcorp's 9 million ounce Los Filos Gold Mine which is part of the 15 million ounce Guerrero Gold Belt. The project also lies 25 km east-southeast of the Taxco silver district and 40 km south-southwest of Esperanza's million ounce Cerro Jumil Gold discovery.

David M. Jones, principal of Minera Mariposa and the geologist credited with discovery of the Los Filos deposit, identified the Jackie Project by recognizing numerous geological similarities to deposits of the Guerrero Gold Belt including Morelos Formation carbonate host rocks, strongly porphyritic granodiorite to quartz monzonite intrusions, and extensive skarn alteration.

For 2010, the Company plans a program of reconnaissance geologic mapping and geochemical sampling and an airborne geophysical survey at Jackie, followed by detailed mapping and sampling in prospective areas. Drilling is planned for 2011.

Historically prospected polymetallic quartz veins crosscut the porphyry stock and carry up to 1.2 grams per tonne (g/t) Au, 1210 g/t Ag, 1.97% Zn and 0.96% Pb. Reconnaissance sampling of retrograde iron oxides, silica, and clay-sericite alteration in rocks surrounding the stock reported Au values in the range of 20 to 340 ppb.

Extensive areas of heavily iron-oxide stained soils are suggestive of well developed retrograde exoskarn alteration that constitutes the primary exploration target. The widespread nature of such alteration at Jackie suggests shallow depths to the contact where mineralization may be encountered. Extensive exoskarn in the southern part of the property indicates another exploration target. Access to the Jackie project is excellent via the Cuernavaca-Iguala highway, which bisects the property.

Minaurum can acquire 100% of the Jackie Project by making staged payments totaling $350,000 and 850,000 common shares over three years. "We are excited by this opportunity to expand our exploration portfolio of gold projects and further cement our relationship with David Jones, a recognized expert on Guerrero Gold Belt gold skarn deposits" stated Darrell Rader, Minaurum Gold's President and CEO.

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 the Adelita, Aurena, Capilla, Vuelcos del Destino and Jackie Gold properties. These properties have been optioned from some of the most successful project generators in Mexico; David M. Jones and Dr. Peter K.M. Megaw with his associates in IMDEX Inc. and Minera Cascabel. Drilling is currently underway at Adelita in southern Sonora Sate.

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

 

 

Minaurum Gold

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CODE : MGG.V
ISIN : CA60252Q1019
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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$ 61.7 millions as of today (US$ 44.9 millions, € 42.1 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.

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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...
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