Minaurum Gold Inc. (TSX-V: MGG) (OTCQX: MMRGF) (FSE: 78M) is pleased to announce the results of the first 5 holes of the 2024 drill program to establish an initial mineral resource at its 100% owned and production permitted Alamos silver project in Sonora, Mexico. The most significant results include: AL24-105 that intersected 0.70 m of 2,976 g/t silver equivalent (Figure 1), AL24-107 that returned 5.60 m of 368 g/t AgEq and 2.55 m of 621 g/t AgEq and AL24-108 that returned 8.45 m of 336 g/t AgEq.

“Our resource drilling program has started off with significant high-grade silver results showcasing the mineral continuity of our 1 km-long high-grade Promontorio vein zone,” stated Darrell Rader, President and CEO of Minaurum Gold. “Infill and step-out drilling continues at Promontorio, one of three core resource drilling targets for 2024. We anticipate testing the second target at Promontorio Sur vein zone next with step-out holes.”

Promontorio and Promontorio Sur Vein Zones

The 1 km-long Promontorio vein zone consists of multiple veins including the Veta Grande, Veta del 100, and Veta Las Guijas veins (Figure 2) (see Minaurum news release dated February 6, 2020). The individual veins are hosted in faulted volcanics, altered limestone, and intrusive rocks.

The West Promontorio vein zone is an underexplored vein zone located 100 m west of the Veta del 100 that was intersected in the 2024 drill program. The Promontorio Sur is the faulted-off, down-dropped, and underexplored southern extension of the Las Guijas vein.

The first 5 holes totaled 1,286 m (Table 1, Figure 2) and were drilled on two fences across the Promontorio vein zone. Holes AL24-105 and AL24-106 tested the newly discovered West Promontorio vein on one fence, and holes AL24-107, -108, and -109 tested the Veta del 100/Veta Grande portion of the Promontorio zone on another fence.

Prior to 2024, Minaurum drilled 29 holes totaling 9,258 m at Promontorio and Promontorio Sur. Minaurum’s 2024 program includes infill drilling to establish 75 to 100 m spacings between vein intersections, as well as step-out drilling.

Table 1. Assay highlights to date, Promontorio infill drilling, 2024. Weight-averaged silver-equivalent grades are based on May 1, 2024, Kitco.com metal prices: Ag $26.90/oz, Au $2,303.00/oz, Cu $4.52/lb, Pb $1.09/lb, Zn $1.43/lb.

Highlights of Minaurum’s previous drilling at Promontorio include:

• 20.2 m of 455 g/t AgEq or 154 g/t Ag, 0.5% Cu, 2.3% Pb, 6.8% Zn (Hole AL17-004)
• 3.8 m of 1,309 g/t AqEq or 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn incl. 0.95 m of 3,282 g/t AgEq or 1,566 g/t Ag, 6.72 g/t Au, 4.48% Cu, 9.27% Pb, 10.08% Zn (Hole AL19-025)
• 7.6 m of 461 g/t AgEq or 266 g/t Ag, 0.27 g/t Au, 0.57% Cu, 1.60% Pb, 3.17% Zn, incl. 2.9 m of 1,204 g/t AgEq or 636 g/t Ag, 1.36% Cu, 3.9% Pb, 7.17% Zn (Hole 20-044)
• 3.1 m of 1,334 g/t AgEq or 1,197 g/t Ag, 1.38% Cu (Hole AL20-046)
• 3.7 m of 761 g/t AgEq or 528 g/t Ag, 0.83% Cu, 2.43% Pb, 1.47% Zn (Hole AL20-064)
• 1.25 m of 1,309 g/t AqEq or 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn incl. 0.95 m of 3,282 g/t AgEq or 1566 g/t Ag, 6.72 g/t Au, 4.48% Cu, 9.27% Pb, 10.08% Zn (Hole AL19-025)
• 5.1 m of 870 g/t AgEq or 769 g/t Ag, 0.76% Cu; incl. 3.1 m of 1,334 g/t AgEq or 1197 g/t Ag, 1.38% Cu (Hole AL20-046)
• 1.10 m of 1,186 g/t AgEq or 729 g/t Ag, 1.73 g/t Au, 0.13% Cu, 3.05% Pb and 5.73% Zn (Hole AL19-034)

Figure 1. Drill core photo of Hole AL24-105: 182.80 m – 185.10 m, intersected 1.25 m of 309 g/t AgEq including 0.70-m interval (183.35 – 184.05 m) that assayed 2,976 g/t Ag Equivalent or 2,431 g/t Ag, 0.266 g/t Au, 1.29% Cu, 7.41% Pb, and 6.06% Zn. Host rock is skarn-altered limestone.

Figure 2. Promontorio vein zone, showing status of 2024 drilling. Click to image to enlarge.

Minaurum Gold Inc. is a Mexico-focused explorer concentrating on the high-grade 100% owned fully production permitted Alamos silver project in southern Sonora. Minaurum is managed by one of the strongest technical and finance teams and will continue its founders’ legacy of creating shareholder value to develop and acquire a pipeline of potential Tier One precious and base metals projects.