Minaurum Announces Initial Drill Results from Alamos; Discovers Wide Zones of Mineralization
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: November 3, 2017 TRADING SYMBOL TSX.V:MGG
(MGG 2017 – NR #6)
Minaurum Announces Initial Drill Results from Alamos; Discovers Wide
Zones of Mineralization
Minaurum Gold, Inc. (“Minaurum”) is pleased to announce results from its first five holes drilled
at the historic Alamos Silver Project in Sonora, Mexico. The holes successfully tested the
Promontorio vein zone, the “Piano-Key” structural model , and the Minas Nuevas area targets.
At Promontorio, Holes AL17-004 and AL17-005 discovered a new mineralized structure that
returned highlights of:
• 20.15 m of 154 g/t Ag, 0.5% Cu, 2.3% Pb, 6.8% Zn; or 694 g/t Ag Equivalent
(“AgEq”)* in Hole AL17-004.
• 3.15 m of 322 g/t Ag, 0.47% Cu, 1.65% Pb, 3.29% Zn; or 521 g/t AgEq* in Hole AL17-
005.
* Ag Equivalent is r eported for comparison only, with no assumptions regarding metal recovery or smelter
payments. Prices used are: Au: $1,275.90 per ounce; Ag: $17.09/troy ou nce; Cu: $3.13/pound; Pb: $1.10/pound;
and Zn $1.50/pound (all amounts in U.S. dollars).
Hole AL17-003 was drilled to the west of Promontorio to test Minaurum’s “piano-key” model of
down-thrown blocks adjacent to the historic mining area. This hole intersected a blind
brecciated vein from 185.5 -186m that assayed 0.1 0% Cu and 0. 29% Zn with a nomalous silver.
This proves the existence of blind veins in the down -dropped blocks. Subsequent drilling will
vector toward stronger mineralization in these areas.
At Minas Nuevas Hole AL17-001 cut 17.65 m grading 96 g/t Ag which both confirms
Minaurum’s bulk tonnage concept and indicates significant potential both down-dip and along
strike.
“At this early stage in our program, Minaurum has demonstrated exploration success in each o f
the first three areas tested , discovering wide zones of mineralization and confirming the
important concept of blind veins in “piano -key” structural blocks. Strong results such as 69 4 g/t
AgEq* over 20 m support our theory that historic mining operations left behind substantial
unexplored and unmined mineralization. We have now moved on to testing further blind vein
targets as well as the high-grade silver La Quintera, Nueva Europa, and Gap targets. With over
two thirds of our drill program remaining we look forward to releasing further encouraging drill
results over the coming months,” stated Darrell Rader, President and CEO.
To date Minaurum has drilled 1,342 m of the ongoing 5 ,000 m program. Drilling is expected to
continue through year -end. Maps and cross sections of all three of the targets can be found at:
http://www.minaurum.com/s/AlamosFigures.asp
Promontorio Target
The base-metal rich Promontorio vein strikes NNE and dips steeply to the west for over 700m.
Portions of the vein were exploited on surface , but the Promontorio system is open along strike
to the south, and at depth. The nearby extensively mined Azulacas vein has been traced for 380
meters and occurs along a fracture that splays off the Promontorio fault/vein.
Holes AL17-004 and AL17 -005 were drilled from the same pad at -35 and -70 degrees. They
were designed to test the down -dip extension of mineralized structure s above, beneath and
parallel to the workings of the Azulacas vein. Both holes intersected significant mineralization
in the Promontorio vein but were lost deeper in old workings on the Azulacas vein.
Table 1. Intercept summary from Promontorio-area holes AL17-004, and AL17-005.
Hole From
(m) To (m) Interval
(m) Ag (g/t) Au
(ppb) Cu (%) Pb (%) Zn (%)
AL17-
004
81.90 102.05 20.15 154.1 234 0.5 2.3 6.8
including
84.10 85.70 1.60 235.6 697 0.5 11.8 20.0
AL17-
005
124.00 132.50 8.50 81 129 0.14 3.23 2.72
including
126.05 128.80 2.75 126.7 275 0.15 8.91 5.26
135.35 138.50 3.15 322.3 276 0.47 1.65 3.29
including
135.35 136.35 1.00 557 207.5 0.65 0.77 2.17
*The 20.15-m interval in AL17-004 includes a 9.3 m (from 88.30 to 97.60 m) intercept with poor recoveries that
may represent fracture-fault fill or historic back fill.
Blind-Vein/Southern Nueva Europa Target
Hole AL17-003 was drilled to test the model of down -thrown blocks ( Minaurum’s “piano-key”
model) and to test the down -dip projection of the southern part of the Nueva Europa vein zone.
The hole intersected a blind brecciated vein/fault from 185.5 - 186.0 m that assayed 0.1% Cu and
0.28% Zn with anomalous silver, confirming the existence of blind veins outside the historic
mining area. Mineralized quartz veining was also encountered at 275m in the interpreted down-
dip expression of the Nueva Europa vein (Table 2).
Table 2. Intercept summary from hole AL17-003
Hole From
(m) To (m) Interval
(m) Ag (g/t) Au
(ppb) Cu (%) Pb (%) Zn (%)
AL17-003 274.90 275.15 0.25 7.7 25 0.01 0.93 2.38
Minas Nuevas Target
Holes AL17-001 and AL17-002 were drilled approximately 150 m apart and successfully tested
the potential for bulk-tonnage silver mineralization at the Minas Nuevas target area. The style of
mineralization suggests that the intersections were high in the system and that there is
considerable potential for higher grades at depth. The target is open down-dip and along-strike.
Table 3. Intercept summary from holes drilled at Minas Nuevas target.
Hole From (m) To (m) Interval (m) Ag (g/t)
AL17-001
71.95 89.60 17.65 95.9
including
71.95 73.50 1.55 155.0
77.00 78.00 1.00 150.0
80.45 81.45 1.00 279.0
84.45 85.75 1.30 172.0
86.55 89.60 3.05 110.1
AL17-002
76.25 89.30 13.05 53.7
including
85.40 86.90 1.50 181.0
155.55 159.00 3.45 68.1
including
158.55 159.00 0.45 156.3
Minaurum is a Mexico -focused explorer concentr ating on southern Sonora State, the Oaxaca-
Chiapas Region, and the Guerrero Gold Belt, 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.
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward -
looking information. In making th e 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 the se 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.
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 Hermosil lo, Sonora, Mexico . ALS prepares 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
are prepared in Hermosillo, and then shipped to Vancouver for c hemical 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 4 -acid digestion and ICP analysis. Samples with silver values greater than 100 g/t; and
copper, lead, or zinc values greater than 10,000 ppm (1%) are re -analyzed using 4 -acid digestion and atomic
absorption spectrometry (AAS).
Quality-control (QC) samples are inserted in the sample stream every 20 samples, and thus repres ent 5% 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 prepara tion 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 reproducib ility 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.