Minaurum Discovers Three New Veins at Alamos; Samples up to 1495 g/t Silver and 3.8% Copper
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: June 5, 2018 TRADING SYMBOL TSX.V:MGG
(MGG 2018 – NR #6)
Minaurum Discovers Three New Veins at Alamos;
Samples up to 1495 g/t Silver and 3.8% Copper
Minaurum Gold, Inc., (“Minaurum”) is pleased to announce the discovery of three new veins
(Pulpito, Cotera and Ana) that lie within four recently acquired concessions internal to its 100%
owned Alamos Silver Project in Mexico. All three veins wer e found through a district -scale
reconnaissance mapping and sampling program triggered by the discovery of wide, high -grade
mineralization (8.25 m of 1760 g/t Silver) outside of the historically mined part of the district
(See News Release dated January 18, 2018).
The Pulpito vein, located 1 km west of the Minas Nuevas target , has been traced for over 800 m
and measures up to 2 m wide; outcrop and dump samples along it ranged from 67 to 1495 g/t Ag
and 400 ppm to 3.81% Cu (Table 1, Figure 1 ). The nearby Cotera vein has been traced for
more than 200 m and a topographic linear suggests it extends another 800 m to the north .
Sampling along the Cotera vein returned values between 32 and 1370 g/t Ag and 200 ppm to
3.39% Cu (Table 2). The Ana vein is located 750 m east of the Tigre vein and has been mapped
for over 2 km (Figure 1); samples results are pending.
“Since Hole 7 confirmed that high -grade silver mineralization is present in virgin veins
outside of the historic ally mined areas at Alamos, we have focused our exploration on
discovering and sampling more such veins farther afield in the district ,” stated Darrell
Rader, President and CEO of Minaurum. “We are excited to find three new veins carrying
high silver grades in our newly acquired claims and continue to seek others throughout our
project. While we wait for permits for an aggressively expanded drill program, we look
forward to updating the market with our ongoing exploration results.”
PULPITO AND COTERA VEINS
The Pulpito and Cotera veins are primarily hosted on the newly acquired and contiguous Túnel
del Agua and Ampliación Túnel del Agua concessions. The concessions cover 32 hectares in the
northern part of the pr oject area (Figure 2), about 1 km to the west of the Minas Nuevas vein
zone (see News Release dated November 3, 2017) . The veins are hosted by andesite, strike
NNW (Púlpito) to NNE (Cotera), and dip steeply. Both are vein swarms or vein breccias up to
1-2 m wide that saw limited production from shallow shafts and adits prior to th e 1910 -1920
Mexican Revolution. The presence of chalcedonic quartz suggests that the vein systems are
exposed at high structural levels and that there is significant potential for them to transition into
more substantial veins at depth in the manner seen in the Europa -Guadalupe vein (referred to as
the Europa-Palomas vein in the News Release dated May 24, 2017).
Table 1. Rock geochemical sampling from Púlpito vein.
Type Vein Width
(m)
Ag
g/t
Au
ppb
Cu
% Pb % Zn %
Outcrop Pulpito 1.0 90 36 0.58 2.12 0.28
Outcrop Pulpito 1.0 146 249 1.42 1.27 0.14
Dump Pulpito 341 76 0.95 1.38 0.13
Chip Pulpito 1.3 67 6 0.73 1.35 0.65
Dump Pulpito 190 6 0.88 0.71 0.81
Dump Pulpito 1495 14 3.81 0.67 0.21
Chip Pulpito 1.0 99 2 0.09 0.04 0.03
Outcrop Pulpito 0.8 164 32 0.10 0.02 0.05
Outcrop Pulpito 1.2 93 26 0.63 0.30 0.19
Chip Pulpito 1.4 175 1 0.04 0.03 0.02
Dump Pulpito 197 7 0.16 0.15 0.12
Dump Pulpito 149 18 0.84 0.66 0.12
Table 2. Rock geochemical sampling from Cotera vein.
Type Vein Width
(m)
Ag
g/t
Au
ppb
Cu
% Pb % Zn %
Float Cotera 1370 33 3.39 0.14 0.22
Adit Channel Cotera 1.8 116 9 0.46 0.53 0.79
Channel Cotera 0.6 32 6 0.02 0.05 0.09
Channel Cotera 1.2 330 18 0.32 0.07 0.16
Figure 1. Newly added concessions and vein zones,
Alamos Project.
Please click on map image to view in full size.
Figure 2. Geological map of the Túnel del Agua and
Ampliación Túnel del Agua concessions, showing
traces of Púlpito and Cotera veins, Alamos Project.
ANA VEIN
The Ana vein is located on the newly acquired Ana concession. The Ana and El Pilarón
concessions cover 435 hectares in the eastern part of Minaurum’s claim package (Figures 1 and
3). The Ana vein lies in a fault between limestone on the east side and down -dropped andesite
on the west side , indicating displacements similar to those where significant mineralization
occurs at depth at the La Quintera, Promontorio, a nd Europa -Guadalupe veins. Preliminary
geochemical sampling of the vein zone has yielded assays up to 24 g/t Ag.
Reconnaissance mapping shows that the El Pilarón concession is underlain by felsic lithic tuff
and quartz monzonite. It is the subject of active detailed mapping and sampling.
Please click on map image to view in full size.
Figure 3. Geological map of the Ana and El Pilarón concessions, Alamos Project. Geology mapped by J.R.
Gallardo (1988).
NEW CONCESSIONS
The Túnel del Agua, Ampliación Túnel del Agua, Ana and El Pilarón concessions were acquired
for a total of US$375,000 payable over 30 months. The four concessions total 467 hectares and
bring the total size of the Alamos project to 5,165 hectares.
Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) 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 tea ms in Mexico.
Minaurum's goal is to continue its founders' legacy of creating shareholder value by making
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 the forward -looking statements in this release, Minaurum has applied certain
factors and assumptions that are base d 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.
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% less than
2mm, splitting off 250g, and pulver izing the split to more than 85% 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 5 0-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 digest ion and atomic
absorption spectrometry (AAS).
Quality-control (QC) samples are inserted in the sample stream every 20 samples, and thus represent 5% of the
total samples. QC samples include standards, blanks, and duplicate samples. Standards are pulps th at 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 o f 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, an d 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 f or deviation from accepted values. To date, QC
sample analytical results have fallen in acceptable ranges on the Alamos project.