Minaurum Gold, Inc (TSX-V: MGG) is pleased to announce exceptional grades over substantial widths from three of its first four holes targeting the Promontorio vein zone at its Alamos Silver Project in Sonora, Mexico. The holes were targeted below the historical Promontorio mine and demonstrate that high-grade silver mineralization continues at least 100 m below the deepest known workings. Significant highlights include:
“We are very pleased by these high-grade silver results from the Promontorio Vein, historically the second largest producer at Alamos. These results confirm that mining stopped in mineralization and that it continues to depth,” stated Darrell Rader, President and CEO of Minaurum. “We are continuing to trace the mineralized shoot through systematic 75- to 150-metre step-outs along strike and down-dip.”
Assay highlights are presented in Table 1. Vein and hole locations appear in Figures 1 and 2. The holes and intercepts are depicted in longitudinal section in Figure 3. Drilling at Promontorio continues and results will be released as they are received.
The Promontorio vein zone has become one of Minaurum’s highest priority targets, in part because of historic reports acquired earlier this year (see News Release dated February 6th, 2020) showing that the Promontorio Mining Company ceased operations in 1896 due to a drop in the silver price and left the faces in mineralization. The company exploited three principal veins, Veta Guijas, Veta Grande, and Veta del 100, which were mined to a depth of 230 m along 735 m of strike length. Mining focused on high-grading the veins with little effort spent on development, which explains the considerable amount of un-mined mineralization left behind in the workings.
Holes AL20-043 and AL20-046 intersected mineralization below the Promontorio workings. AL20-044 intersected the Promontorio vein zone roughly 100 m down-dip from the intersection in AL20-043 and AL20-048 cut the vein zone about 100 m below AL20-046.
Table 1. Assay highlights from holes AL20-043, AL20-044, AL20-046, and AL20-048 drilled on Promontorio vein zone. Hole depths in metres. True thicknesses of the intersections are estimated to be 70-90% of drilled thicknesses.
|Hole||From||To||Interval||Ag g/t||Au ppb||Cu %||Pb %||Zn %|
Figure 1. Phase II prioritized vein zone targets at the Alamos project. Please click on map image to view in full size.
Figure 2. Promontorio vein zone, showing plan-view projections of holes AL20-043, AL20-044, AL20-046, and AL20-048. Red bars indicate silver mineralization. Please click on map image to view in full size.
Figure 3. Longitudinal section of Promontorio vein zone showing positions of AL20-043, AL20-044, AL20-046, and AL20-048 intercepts in relation to holes AL17-004 and AL17-005, as well as historic mining. Vein zone dips away from the viewer at about 75 degrees. Looking west-southeast. Please click on map image to view in full size.
Minaurum Gold Inc. is a Mexico-focused explorer concentrating on the high-grade Alamos Silver Project in southern Sonora. With a property portfolio encompassing multiple additional district-scale projects, Minaurum is managed by one of the strongest technical and finance teams in Mexico. Minaurum’s goal is to continue its founders’ legacy of creating shareholder value by making district-scale mineral discoveries and executing accretive mining transactions.
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We acknowledge the [financial] support of the Government of Canada.