Announcement Date: 2022-11-15
Announcement Type: Exploration Update
Announcement Code: NI43-101
Company name: Minaurum Gold Inc.
Project name: Alamos
Location: Mexico
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Sampling assay results incl.@98 g/t Ag, 3.6% Pb, and 7.9% Zn
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Minaurum Gold, Inc (“Minaurum”) (TSXV:MGG) (OTCQX:MMRGF) is pleased to provide an update on the underground rehabilitation work at the historical Promontorio mine, located in its flagship 100%-owned Alamos silver project in Sonora, Mexico. Minaurum has successfully accessed and is dewatering the main haulage level along with clearing crosscuts in the El Tirito area of the mine. This led to the discovery of several historical underground drill collars, confirming historical reports from the 1960s. Five service holes were drilled to provide air, water, and electricity to facilitate underground rehabilitation efforts. Three of the service holes intercepted the Promontorio vein at its highest levels returning high-grade base metal mineralization including 5.8 m of 98 g/t Ag, 3.6% Pb, and 7.9% Zn. Sampling and mapping of dumps at Promontorio revealed a boulder of massive sulfide vein assaying 3,320 g/t Ag, 54.7 g/t Au, 25% Cu, 6.5% Pb, and 1.1% Zn. The boulder, measuring roughly a meter across, is an indication of the type of grades exploited by early miners at Promontorio.
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