Minaurum Gold

Published : December 03rd, 2010

plans VTEM surveys at six properties in Mexico

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Keywords :   Canada | Copper | G Mexico | Gold | Mexico | Molybdenum | Silver |

Minaurum plans VTEM surveys at six properties

Minaurum Gold Inc (C:MGG)
Shares Issued 36,681,433
Last Close 12/1/2010 $0.77
Thursday December 02 2010 - News Release

Mr. Darrell Rader reports

MINAURUM GOLD TO PERFORM AIRBORNE GEOPHYSICAL SURVEYS OF MEXICAN PROJECTS AND PROVIDES UPDATE ON RECENT ACQUISITIONS

Minaurum Gold Inc. has engaged Geotech Ltd. of Ontario, Canada, to fly VTEM airborne geophysical surveys over its 100-per-cent-controlled Aurena, Adelita, Vuelcos del Destino, Jackie, El Perfido and Santa Marta properties. The surveys are expected to significantly advance geological understanding and drill targeting, and are scheduled to be completed by early 2011.

Aurena Gold-Skarn Project (Southern Oaxaca): A gold-in-soil and rocks anomaly measuring 1,000 metres east-west by 100 to 400 metres north-south has been delineated by work in a limited outcrop area. The anomaly area includes four outcrop samples assaying more than 5 g/t Au and seven soil samples carrying over 1 g/t Au (See Press Release of October 19, 2010). The VTEM geophysical survey may reveal potential extensions of surface mineralization is expected to expand this anomaly under flanking cover, yielding additional targets for drilling in early 2011.

Adelita Skarn/Porphyry Project (Southern Sonora): Strong copper-silver-gold skarn mineralization was cut in several holes in Minaurum's recently completed 1,819-m drilling program here (See Press Release dated October 6, 2010). Concurrent geologic mapping and sampling revealed an adjacent 500 m by 2000 m copper and molybdenum rock-chip-soil sample anomaly; the combined results indicate that a significant copper-molybdenum porphyry system is present. The VTEM survey is expected to help define mineralized and altered intrusive bodies through cover and give clues to the full dimensions of the system.

Vuelcos del Destino, Jackie, El Pórfido and Corazonada Gold-Silver Skarn Projects (Guerrero and Puebla): These four 100% owned projects are well located in and around the Guerrero Gold Belt of southern Mexico where over 11 million ounces of gold have been recently discovered. Minaurum has acquired these projects from the explorers responsible for finding the most important mine in the belt: Goldcorp's Los Filos Mine. Guerrero Gold Belt deposits are related to porphyry intrusions with strong and distinctive geophysical signatures that should respond well to the VTEM technique. Corazonada has already been flown with a similar survey and shows prominent anomalies of the style expected for the other three systems. Terms are very similar for all 4 propertites: Staged payments totaling US$350,000 and 850,000 common shares over three years, a payment of 1 million shares or US$5 million upon production and a vendor retained 2% NSR per project. Corazonada has an additional payment of US$50,000 or 50,000 shares due upon receipt of drill permits).

Santa Marta Project (Southeastern Oaxaca): Extensive outcrops of copper-gold mineralization hosted in Mesozoic metavolcanic rocks indicate the presence of a metamorphosed volcanogenic massive sulfide (VMS) system. Controlling structures and covered conductive and/or magnetic bodies should respond to the VTEM technique. Minaurum can acquire a 100% interest by making payments totaling US$150,000, 1,075,000 shares, incur a total of US$2.5 million in exploration expenditures over five years, a payment of 1 million shares or US$5 million upon production and a vendor retained 3% NSR of which 2% can be repurchased by Minaurum for US$1 million.

About VTEM: VTEM is low altitude, helicopter-borne high-resolution magnetic and time-domain electromagnetic survey, which can map geological features through their magnetic and electrical responses. Each of these projects has mineralization related to intrusive rocks, structures, and alteration that are expected to respond well to this technique.

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.

2010 Canjex Publishing Ltd.

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

Minaurum Gold

EXPLORATION STAGE
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$ 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.

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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...
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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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