Minaurum Announces Biricú Drill Results and Provides Update
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: January 10, 2017 TRADING SYMBOL TSX.V:MGG
(MGG 2017 – NR 1)
Minaurum Announces Biricú Drill Results and Provides Update
Minaurum Gold Inc. (“Minaurum”) is pleased to announce drill results from Guerrero Ventures
Inc.’s (“Guerrero”) 41,000 hectare Biricú project in the Guerrero Gold Belt in southern Mexico.
Biricú shows typical Guerrero Gold Belt host rocks cut by intrusive rocks identical to those seen
in Goldcorp’s neighbouring Los Filos Mine and Torex Gold’s nearby Media Luna deposit. It
borders Minaurum’s Vuelcos del Destino project to the east and south.
In addition, Guerrero has informed Minaurum that the required exploration expenditures and
obligations of the underlying Biricú option agreement between Alamos Gold Inc. (“Alamos”)
and Guerrero have been fulfilled and accepted by Alamos. Alamos is currently transferring a
100% interest in the Biricú project to Guerrero. As previously disclosed on November 4 and
December 4, 2015, Minaurum loaned Guerrero funds to explore Biricú.
Guerrero’s 4,200 -m exploration drill program tested a combination of principal target areas
(Punto Rojo and Hornfels Hill), and outlying geologic and geophysical targets. Four of the 9
holes drilled (GV2015-13 through -15, and -17) intercepted significant zones of anomalous gold
mineralization (>100 ppb Au).
All of the anomalous holes are located in the Punto Rojo area, a 1 square km diatreme complex
that is intruded by diorite -granodiorite stocks of Gu errero Gold Belt affinity. The system
remains open and untested to the north and at depth to the contact of the Mezcala Formation with
the underlying Morelos Formation. Surface mapping and drilling indicate this highly
prospective contact zone lies at shallower depths farther north in the Punto Rojo area. Results of
the anomalous holes are shown in Table 1 below.
“The recent drilling at Punto Rojo reveals gold mineralization and extensive alteration that are
similar in style to that of Torex Gold’s nearby Media Luna deposit,” stated David M. Jones,
Senior Consulting Geologist and Director of Minaurum. “These results indicate that the as yet
undrilled northern area of Punto Rojo is an attractive target for stronger, near-surface
mineralization.”
Table 1. Biricú Project, Punto Rojo area drill intercepts. UTM coordinates correspond to WGS84 datum, zone 14N.
Hole Composite
Interval (m) Depth Weight-average
Au ppb
GV2015-013 17.04 239
Vertical hole. TD: 692.4m includes: 14.52-18.88 100
Collar coordinates: 438344E, 1975806N 64.20-67.20 188
Collar elev: 534m 75.50-78.94 122
520.44-526.68 425
GV2015-014 117.78 191
Vertical hole. TD: 708.4m includes: 148.41-165.70 235
Collar coordinates: 438520E, 1976346N 192.50-197.50 148
Collar elev: 574m 247.30-271.30 244
283.00-290.15 171
314.65-339.00 152
345.15-348.55 126
358.00-361.10 172
387.13-390.13 103
411.90-417.70 409
420.90-427.00 182
479.00-487.60 113
502.50-505.50 104
528.28-535.90 132
GV2015-015 1.19 18.00-19.19 1100
Vertical hole. TD: 235.3m
Collar coordinates: 437999E, 1976770N
Collar elev: 797m
GV2015-017 9.47 116
Vertical hole. TD: 494.8m includes: 72.35-78.22 123
Collar coordinates: 438415E, 1975919N 450.00-451.60 107
Collar elev: 552m 467.60-469.60 105
Previous drill highlights include: 26.98m grading 1.07 g/t gold and 0.29 g/t silver , including a
zone of 6.85m grading 2.78 g/t gold and 0.92 g/t silver; 1.68m grading 0.83 g/t gold and 3.10 g/t
silver (see Guerrero’s News Release Dated January 26, 2015). In addition, a VTEM airborne
magnetic and electromagnetic survey of 1,403 line kilometres was completed in September 2012.
A follow -up airborne gradiomete r magnetic survey of 2,052 line kilometers was completed in
January 2015. Besides the Punto Rojo target, t he Biricú Project hosts considerable potential in
the southern portion of the project where intrusive rocks and unexplained geophysical anomalies
remain to be tested.
Guerrero received a loan from Minaurum to explore Biricu (see Minaurum News Release dated
November 4, 2015 ). The loan bears interest at 8% and can be repaid at Minaurum’s choice in
either cash or a direct interest in Biricu.
Minaurum also announces that it has granted 950,000 incentive stock options under its stock
option plan to consultants of the Company. The options are exercisable at a price of $0.10 per
share for a period of five years. The Company also announces that 25 0,000 options granted to a
consultant on June 30, 2014, which had a 5 year term and a $0.10 exercise price, have been
cancelled.
Minaurum is a Mexican explorer focused on three strategic areas : southern Sonora State, the
Oaxaca-Chiapas region and the Guer rero Gold Belt. It 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 finding new district -scale mineral discoveries and executing
accretive mining transactions . For more information, please visit our website at
www.minaurum.com and our YouTube Minaurum Video Channel.
ON BEHALF OF THE BOARD
“Darrell A. Rader”
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu – Investor Relations Manager
(778) 330 0994 or via email at [email protected]
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
_____________________________________________________________________________________________
2300 – 1177 West Hastings Street Telephone 778 330-0994
Vancouver, BC V6E 2K3 www.minaurum.com
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 . The
listed samples were personally sealed and delivered to the ALS Chemex sample-preparation facility in Guadalajara,
Jalisco, Mexico. ALS Chemex prepared the samples, crushing them to 70% less than 2mm, splitting off 250g, and
pulverizing the split to more than 85% passing 75 microns. The resulting sample pulps were then sent to ALS
Chemex’s analytical laboratory in North Vancouver, BC, Canada for assay. Analysis was done for 48 -elements
(including silver) by a 4-acid digestion and inductively coupled plasma atomic emission spectroscopy (ICP-AES).
Samples were analyzed for gold using fire assay and ICP-AES.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release constitute forward-
looking information, including statements with respect to the prospectiveness of the Biricú project. In making the
forward-looking statements in this release, Minaurum has applied certain factors and assumptions that are based on
Minaurum’ s current beliefs as well as assumptions made by and information currently available to Minaurum,
including the assumption that actual mineralization will be consistent with management’s expectations. Although
Minaurum considers these assumptions to be reasonable based on information currently available to it, they may
prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties
and other factors that may cause future results to differ materially from those expressed or implied in such forward-
looking statements, including the risks related to interpretation of exploration information and the risk that
results of exploration and development activities will not be consistent with management’s
expectations. Readers are cautioned not to place undue reliance on forward-looking statements. Minaurum does
not intend, and expressly disclaims any intention or obligation to, update or revise any forward -looking statements
whether as a result of new information, future events or otherwise, except as required by law.