Vancouver, British Columbia--(Newsfile Corp. - January 18, 2018) - Minaurum Gold, Inc. (TSXV: MGG) ("Minaurum") is pleased to announce results from its on-going drill program in the historic Alamos Silver District in Sonora, Mexico (Fig. 1). Hole AL17-07, the first hole ever drilled into the Europa-Guadalupe Vein system, intersected 8.25 metres grading 1,760 g/t (57 opt) Silver, 1.6% Copper, 1.5% Lead, and 2.6% Zinc, including 2.2 metres grading 5,098 g/t (164 opt) Silver, 2.76% Copper, 0.5% Lead, and 1.18% Zinc. The vein was cut 325m below surface (Fig. 2) and its true width is estimated to be 90% of the intersection. Hole AL17-07 also cut two blind veins that have no surface exposure as well as the Nueva Europa vein (See Fig. 1), which returned 1.2m grading 542 g/t (17 opt) Silver.

The Europa-Guadalupe vein system is located 1 kilometre west of the Promontorio-Quintera vein system which was the source of almost all of the historic production from the Alamos district. The narrow surface outcrop of the Europa-Guadalupe vein was prospected during Colonial times over more than 1.4 km but was never drill tested.

"We are excited by the grades and widths returned by Hole 7," stated Stephen Maynard, VP Exploration of Minaurum. "As only the second hole ever drilled outside of the historic core of the district, it confirms our "piano-key" structural model and opens the door for drilling throughout the nearly untouched down-dropped blocks located on both sides of the up-thrown La Quintera-Promontorio block. With these results, we have now encountered significant mineralization in every target drilled in our initial drill program including; Minas Nuevas, Promontorio, Nueva Europa, Gap, and Europa-Guadalupe."

"Hole 7 emphatically confirms our model that at least some of the narrow veins lacing the down-dropped blocks flanking the historic production zone are high-level expressions of significant underlying vein mineralization," said Dr. Peter Megaw, Minaurum Director and Co-Founder. "It is still early days, but this proves the Alamos District is bigger than previously conceived and now we have to focus broadly on stringer swarms throughout the district to determine just how much larger this system really is."

Alamos District

The Alamos District produced an estimated 200 million ounces of silver between 1680 and 1907, largely from three outcropping high-grade veins in the Promontorio-Quintera block. Very little production came from outside of this block. Historical reports indicate that Alamos' vein widths averaged 4 m and locally ranged up to 20 m with grades exceeding 2,000 g/t Ag. Minaurum's drill program is the first modern exploration program to be conducted in the district.

Other Results

Two additional drill holes (AL17-006 and AL17-008) were drilled into the Gap target, a 400 m long unmined segment of vein linking the historic La Quintera and Promontorio Mines. Hole AL17-008 was drilled from the same pad as AL17-007, but in the opposite direction, and returned 9.60 metres grading 88 g/t Ag, 0.24% Cu, 0.37% Pb, 0.33% Zn including 2.65 m averaging 147 g/t Ag. Hole AL17-006 was drilled 400 m to the south of Hole AL17-008 and intersected a wide zone of faulted quartz veining that returned 16.75 m grading 12 g/t Ag and 0.13% Cu, from 94.05 to 110.80 metres. The nature of the mineralization and the presence of stringer veins in both holes suggest that these are high-level intercepts and that the target lies deeper in the structure.

Table 1. Summary of mineralized intercepts, holes AL17-006, AL17-007 and AL17-008

Figure 1. Map of the central part of the Alamos project, showing known vein zones and surface projections of drilling to date. Tics on drill-hole traces are at 100-m intervals.



To view an enhanced version of Figure 1, please visit:
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