Minaurum Consolidates Land Package at Aurifero Gold Project
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: November 6, 2024 TRADING SYMBOL TSX.V:MGG
Minaurum Consolidates Land Package at Aurifero Gold Project
Minaurum Gold Inc . (“Minaurum”) (TSXV:MGG) (OTCQX:MMRGF) is pleased to announce
that it has acquired a 100% interest in five royalty-free claims covering the core p ortion of the
Aurifero high-grade gold project in Sonora, Mexico . Minaurum has also extended its option
agreement to acquire the remaining claims by another three years. Located near Minaurum’s
flagship 100% owned and production permitted Alamos silver project , Aurifero has seen more
than 8,000 met ers in 4 drilling campaigns (reverse-circulation and core ) since the 1980s (see
Minaurum news release dated January 29, 2020).
Highlights of historical drilling include:
• 58 m of 3.65 g/t Au (Hole CI-09)
• 24.5 m of 3.12 g/t Au (Hole 07-MN-10)
• 7.60 m of 7.97 g/t Au including 3.10 m of 18.37 g/t Au (Hole DMDDH-01)
• 42 m of 1.70 g/t Au (Hole CI-22)
• 24 m of 2.42 g/t Au (Hole CI-34)
• 48 m of 1.47 g/t Au (Hole CI-35)
• 11.80 m of 2.9 g/t Au (Hole 07-MN-02)
“With these acquisitions, we now control over 95% of this high-grade gold district” stated
Darrell Rader, President & CEO of Minaurum Gold. “We are excited by the robust gold grades
returned by shallow historical drilling that averaged depths of less than 100 m with the
deepest reaching a vertical depth of only 135 m. We believe these highly exposed gold veins
have the potential to coalesce into a single substantial gold system at depth.”
The Aurifero project lies 35 km northwest of Minaurum’s flagship Alamos silver project and 26
km northwest of Mexico’s third largest copper mine, Cobre Del Mayo’s Piedras Verdes mine
(Figure 1). Minaurum first acquired concessions at Aurifero when the Company entered into an
option agreement to acquire 23 concessions covering 1,198 hectares (see Minaurum news release
dated January 29, 2020). The option contract was amended in 2024 to extend payments to January
2028 (Table 1). Minaurum acquired 5 new royalty-free concessions totaling 150 hectares, bringing
the total land package to 1,348 hectares and consolidating the district.
Aurifero contains a swarm of gold- and silver-bearing epithermal veins in a zone more than 400-
m wide over a strike length of 3 km. Although a significant amount of historical drilling has taken
place at Aurifero, none of the historical drilling reached depths of more than 135 m from the
surface. Some of the deepest holes ended in mineralization . S ubsequent core re -logging and
geological modelling by Minaurum geologists indicate that past exploration cut the highest levels
of a gold-silver-bearing epithermal vein system.
Figure 1. Plan view map of the Aurifero gold project concessions. Click image to enlarge.
Table 1. Amended option schedule to earn 100% interest on the original 1,198-hectare package in the Aurifero
project (all amounts in US$).
MILESTONE CASH NOTES
Signing $84,120 Paid. Back taxes were subtracted from principal amount $144,000
6 months $35,000 Paid
12 months $25,000 Paid
18 months $25,000 Paid
24 months $25,000 Paid
30 months $25,000 Paid
36 months $25,000 Paid
42 months $25,000 Paid
48 months $25,000 Paid
54 months $25,000 Paid
60 months $22,000
66 months $22,000
72 months $22,000
78 months $22,000
84 months $22,000
90 months $22,000
96 months $2,175,000
Total: $2,686,000
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Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) is
an Americas-focused explorer concentrating on the high-grade 100% owned, production-permitted
Alamos silver project in southern Sonora, Mexico and the Lone Mountain CRD Project in Nevada,
USA. Minaurum is managed by one of the strongest technical and finance teams and will continue
its founders' legacy of creating shareholder value by acquiring and developing a pipeline of Tier -
One precious-and base metal projects.
ON BEHALF OF THE BOARD
“Darrell A. Rader”
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu – Investor Relations and Corporate Development 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.
___________________________________________________________________________
1570– 200 Burrard Street Phone: 778 330-0994
Vancouver, BC V6C 3L6 www.minaurum.com
Data review and verification: Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified
Person (QP) as defined by National Instrument 43 -101, reviewed and verified the assay data, and has approved the
disclosure in this News Release. Verification was done by visual inspection of core samples and comparison to assay
results. Assay results have not been checked by re-analysis. No factors were identified that could materially affect the
accuracy or reliability of the data presented in this news release. Historical data reported in this news release has
not been verified.
Cautionary Note Regarding Forward Looking Information: This news release contains "forward -looking
information" within the meaning of applicable Canadian securities legislation. "Forward-looking information"
includes, but is not limited to, statements with respect to activities, events or developments that the Company expects
or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements
can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur"
or "be achieved" or the negative connotation thereof.
In making the forward -looking information 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 c onsiders these assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect, and the forward -looking information 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 information.
Readers are cautioned not to place undue reliance on forward -looking information. Minaurum does not intend, and
expressly disclaims any intention or obligation to, update or revise any forward -looking information whether as a
result of new information, future events or otherwise, except as required by law.