Mr. Darrell Rader reports
MINAURUM DISCOVERS 3 KM-LONG VEIN AT ALAMOS RETURNING UP TO 1995 G/T SILVER AND 2.46% COPPER; PROVIDES DRILLING UPDATE
Minaurum Gold Inc. has discovered two new vein zones, the San Jose and the Santa Rosa, through its continuing district-scale reconnaissance program. San Jose returned assays ranging from anomalous up to 1,995 grams per tonne silver, 2.46 per cent copper and 1.93 per cent lead, and along with Santa Rosa lies in the western portion of the recently acquired Claraboya concession.
"San Jose represents one of the largest and highest-grade new vein zones we've found at Alamos, withgrades and widths that bode well for the potential at depth and along strike. We expect to test this new target in our current drill program,"stated Darrell Rader, president and chief executive officer of Minaurum.
Drill program update
In addition to its continuing surface reconnaissance program, Minaurum is the midst of a minimum 5,000-metre drill program at Alamos, employing one man-portable drill rig.The holes planned and drilled to date are up to 900 m long, drilled at shallow angles to maximize the possibility of encountering high-angle vein zones, including veins with little or no surface expression (blind veins).Holes have been averaging three to four weeks to complete; heavy rains in September delayed drilling on numerous occasions.Minaurum anticipates having its first batch of results ready for release within the next six to eight weeks.
San Jose vein
The three-kilometre-long north-northeast-striking, steeply southeast-dipping San Jose vein zone is hosted in a fault zone with displacements similar to those seen in the Europa-Guadalupe vein and the historically productive La Quintera-Promontorio vein.The fault zone appears to be the western-bounding fault of a complex horst-and-graben system that controls the emplacementof mineralized veins.Host rocks include limestone, granodiorite and andesites.The fault zone measures 10 to 20 metres in width and contains several individual one to two m veins within it. Historic exploration workings are present at San Jose but do not appear to have been developed for more than a few tens of metres from surface.
Santa Rosa vein
The Santa Rosa vein zone is marked by stringer-quartz veinlets with visible copper-oxide mineralization up to 300 metres in strike length.Rock sample assay results from these vein zones are listed in the attached table and vein zone locations.
ROCK GEOCHEMICAL SAMPLING, SAN JOSE AND SANTA ROSA VEIN ZONESType Vein Width (m) Ag (g/t) Au (ppb) Cu % Pb %Zn %Grab San Jose 384 560.32 0.120.74OutcropSan Jose0.5260 160.44 0.360.67OutcropSan Jose0.3228 620.88 0.340.52OutcropSan Jose0.31,4901312.38 0.630.89OutcropSan Jose0.41,995 381.91 0.040.13OutcropSan Jose0.91851630.46 0.660.92Dump San Jose701160.05 0.050.19OutcropSan Jose1.3 62 160.28 0.300.25Dump San Jose 8077022.46 0.190.37Dump San Jose 1,00550.90 0.230.18OutcropSan Jose1.5 50 100.17 0.010.04OutcropSan Jose1.317460.12 0.200.28OutcropSan Jose 116 330.47 0.060.05OutcropSan Jose1.5 52 340.16 0.090.09OutcropSan Jose1.0 46 450.14 0.010.04Dump San Jose87 120.06 1.930.63FloatSan Jose833210.31 0.120.14OutcropSan Jose1.0 272140.06 0.150.15OutcropSan Jose1.8 24 110.01 0.070.17Grab Santa Rosa49 830.95 0.170.49Grab Santa Rosa3290.01 0.110.25Grab Santa Rosa81 870.99 0.420.91
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.
Stephen 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 grams per tonne; 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 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.
© 2018 Canjex Publishing Ltd. All rights reserved.