Mr. Darrell Rader reports
MINAURUM COMMENCES DRILL PROGRAM AT ALAMOS SILVER PROJECT
Minaurum Gold Inc. has resumed drilling at the Alamos silver project in Sonora, Mexico.The minimum 5,000-metre drill program will focus primarily on seven untested vein targets exposed at high structural levels in down-dropped blocks outside of the historic mining corridor.These holes are also aimed to cut blind veins that may be present between the surface-exposed veins.The program follows on 2017's eight-hole, 2,770 m drill campaign, which resulted in the intersection of 8.25 m averaging 1,760 grams per tonne (57 ounces per ton) silver, 1.6 per cent copper, 1.5 per cent lead and 2.6 per cent zinc in the Europa-Guadalupe vein (see Minaurum news release dated Jan. 18, 2018).
"We are excited to follow up on last year's highly successful vein intersection by testing a number of similar high-level veins that we have mapped in, and on the margins of, down-dropped blocks outside of the historic mining corridor," stated Darrell Rader, president and chief executive officer of Minaurum. "We'll focus on these new veins to determine the footprint of the overall Alamos district, which appears to be much larger than previously thought, and could well hold more veins of the width and grade mined historically. Our approach is to find and prioritize an inventory of veins before drilling them off."
The 2017 holes were collared in the area of historical production, near the Minas Nuevas, La Quintera and Promontorio mines. Hole AL17-007 tested an area away from historical mining and presented the major success of 2017, intersecting 8.25 m averaging 1,760 g/t (57 oz/t) silver, 1.6 per cent copper, 1.5 per cent lead and 2.6 per cent zinc in the Europa-Guadalupe vein, more than 300 m down-dip from its surface exposures. In addition, hole AL17-007 intersected several zones of veining with no known surface expression in a down-thrown block.
The new program will continue the approach of drilling targets away from the historical production corridor by first testing the northern portion of the project area.One hole will test the Minas Nuevas vein at depth and a second hole will test the Pulpito and Cotera vein zone projections.Eight more holes are planned on targets on the completely virgin eastern side of the historic La Quintera-Promontorio vein zone, including the Tigre, Ana and Amalia vein zones, and the breccia body located south of Amalia and Tigre, as well as the Promontorio Sur vein zone to the south of Promontorio vein. The drill program will be expanded as new targets are generated.
About Minaurum Gold Inc.
Minaurum Gold is a Mexico-focused explorer concentrating on the high-grade Alamos silver project in southern Sonora state.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.
Stephen R. Maynard, vice-president of exploration of Minaurum, and a qualified person as defined by National Instrument 43-101, reviewed and verified the assay data, and has approved the disclosure in this news release.
Quality assurance/quality control
Preparation and assaying of drilling samples from Minaurum's Alamos project are done with strict adherence to a quality assurance/quality control (QA/QC) protocol. Core samples are sawed in half and then bagged in a secure facility near the site, and then shipped by a licensed courier to ALS Minerals' preparation facility in Hermosillo, Sonora, Mexico. ALS prepares the samples, crushing them to 70 per cent less than two millimetres, splitting off 250 grams and pulverizing the split to more than 85 per cent passing 75 microns.The resulting sample pulps are prepared in Hermosillo, and then shipped to Vancouver for chemical analysis by ALS Minerals. In Vancouver, the pulps are analyzed for gold by fire assay and ICP/AES on a 50-gram charge. In addition, analyses are done for a 48-element suite using four-acid digestion and ICP analysis. Samples with silver values greater than 100 g/t, and copper, lead or zinc values greater than 10,000 parts per million (1 per cent) are reanalyzed using four-acid digestion and atomic absorption spectrometry (AAS).
Quality control (QC) samples are inserted in the sample stream every 20 samples, and thus represent 5 per cent of the total samples. QC samples include standards, blanks and duplicate samples. Standards are pulps that have been prepared by a third party laboratory; they have gold, silver and base metal values that are established by an extensive analytical process in which several commercial labs (including ALS Minerals) participate. Standards test the calibration of the analytical equipment. Blanks are rock material known from prior sampling to contain less than 0.005 ppm gold; they test the sample preparation procedure for cross-sample contamination. In the case of duplicates, the sample interval is cut in half, and then quartered. The first quarter is the original sample, the second becomes the duplicate. Duplicate samples provide a test of the reproducibility of assays in the same drilled interval.
When final assays are received, QC sample results are inspected for deviation from accepted values. To date, QC sample analytical results have fallen in acceptable ranges on the Alamos project.
We seek Safe Harbor.
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