Minaurum Announces High Grade Sampling Results at La Quintera; Commences Exploration Program
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: September 27, 2016 TRADING SYMBOL TSX.V: MGG
(MGG 2016 – NR #3)
Minaurum Announces High Grade Sampling Results at La Quintera; Commences Exploration Program
Minaurum Gold Inc. (“Minaurum”) is pleased to announce the results of initial rock sampling and the commencement of an exploration program at its La Quintera Silver Project.
Historical exploration work on the project included taking 334 rock samples of which 97 assayed 100-1,380 grams per tonne (“g/t”) Silver (“Ag”) and 106 returned values 30 – 100 g/t Ag. Minaurum’s initial sampling confirmed the prior range of high-grade assay results along with the addition of significant base metal grades. Highlights include: 1.0 metre of 1,020 g/t silver,
1.11% copper, and 0.52% zinc; 2 metres of 427 g/t silver, 0.33% lead and 0.42% zinc; and 2.5m of 232 g/t silver, 1.24% lead and 0.43% zinc.
Minaurum has also commenced an extensive exploration program including the survey of old mine workings, detailed geologic mapping, rock sampling, and the interpretation of structural geology and geochemical zonation.
“We are very pleased to receive high grade results right at the outset of our initial sampling program at La Quintera.” stated Darrell Rader, President and CEO. “We have now commenced an exploration program to locate further high grade silver zones and to define drill targets.”
Table 1. Initial sampling collected at La Quintera by Minaurum.
| Samp | Sample | Width | Ag g/t | Au g/t | Cu% | Pb% | Zn% | *AgEq | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No | Type | (m) | g/t | |||||||||
| 100398 | Outcrop | 2 | 90 | 0.001 | 0.02 | 0.01 | 0.07 | 94 | ||||
| 100400 | Outcrop | 130 | 0.037 | 0.31 | 0.57 | 0.48 | 184 | |||||
| 101099 | Outcrop | 2 | 139 | 0.079 | 0.14 | 0.19 | 0.51 | 176 | ||||
| 101129 | Outcrop | 2 | 427 | 0.096 | 0.32 | 0.33 | 0.42 | 478 | ||||
| 101130 | Outcrop | 1.2 | 101 | 0.054 | 0.28 | 0.03 | 0.02 | 125 | ||||
| 101131 | Dump | 1 | 400 | 0.462 | 1.08 | 1.22 | 8.5 | 815 | ||||
| 101133 | Adit | 2.5 | 232 | 0.02 | 0.58 | 1.24 | 0.43 | 320 | ||||
| 101135 | Adit | 1 | 1020 | 0.032 | 1.11 | 0.19 | 0.52 | 1118 |
*AgEq values calculated on basis of USD prices: Ag: $19.70/troz, Au: $1,345/troz, Cu: $2.10/lb, Pb: $0.86/lb, Zn: $1.04/lb.
La Quintera is 45 km northwest of Pan American’s Alamo Dorado silver mine, and 15 km south of Cobre Del Mayo’s Piedras Verdes copper mine. The project hosts a high-grade epithermal vein system, which is estimated to have produced in excess of 120 Moz of silver from 1680 to the early 1900s from several historic mines. The project has excellent infrastructure and is fully permitted from exploration through production.
Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified Person as defined by National Instrument 43-101, collected the samples listed in this report (except for those stated as being historical), 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 Hermosillo, Sonora, 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). Sample pulps with silver values greater than 100 g/t; | ||
| and copper, lead, or zinc values greater than 10,000 ppm (1%) were re-analyzed using 4-acid | ||
| digestion and | ||
| assay and | ICP-AES |
Minaurum Gold is a regional explorer focusing on the exploration and development of highgrade gold and silver projects in Mexico. The Company is led by an experienced exploration and finance team credited with several district-scale discoveries. 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 [email protected] Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release constitute forwardlooking information. 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. 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. 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.