Minaurum Discovers Virgin Silver - Copper Skarn Zone and Extends Europa-Guadalupe Vein Strike to 800 Metres at Alamos Silver Project
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: November 9, 2021 TRADING SYMBOL TSX.V:MGG
(MGG 2021 – NR #13)
Minaurum Discovers Virgin Silver - Copper Skarn Zone and Extends
Europa-Guadalupe Vein Strike to 800 Metres at Alamos Silver Project
Minaurum Gold, Inc (“Minaurum”) is pleased to announce results from its on -going Phase II
drilling program at its Alamos silver project in Sonora, Mexico. Drilling at the Alessandra vein
recently discovered a blind Ag-Cu-Pb-Zn skarn that is open in all directions while ongoing drilling
at Europa-Guadalupe continues to delineate a high -grade mineralized vein system which is now
been extended by 40% to at least 800 meters in length. Europa-Guadalupe remains open at depth
and along strike.
Highlights include
Alessandra skarn/vein zone
• AL21-085: 11.05 m @ 120 g/t Ag, 1.12% Cu, 0.37% Pb, and 1.79% Zn; including
5.45 m @ 183 g/t Ag, 1.65% Cu and 2.49% Zn
Europa-Guadalupe vein zone
• AL21-080: 1.60 m @ 174 g/t Ag and 1.30% Cu, including 0.75 m @ 297 g/t Ag and
1.88% Cu
• AL21-083: 1.60 m @ 247 g/t Ag, including 0.45 m @ 589 g/t Ag
• AL21-083: 2.25 m @ 228 g/t Ag, including 0.50 m @ 754 g/t Ag
• AL21-084: 1.55 m @ 139 g/t Ag, including 0.25 m @ 777 g/t Ag
• AL21-084: 1.65 m @ 240 g/t Ag, including 0.60 m @ 547 g/t Ag and 0.72% Cu
“Our strate gy of drilling sizable step-outs continues to return excellent hit rates as we
discovered both a significant new polymetallic skarn system at the Alessandra target in
addition to expanding the mineralized strike of the Europa-Guadalupe vein system by 40%,”
stated Darrell Rader, Minaurum President and CEO. “With both targets remaining open along
strike and at depth, we look forward to updating the market as drilling continues.”
David M. Jones, Director of Minaurum Gold and skarn expert commented, “The discovery of a
blind silver-gold-copper skarn is a testament to Minaurum’s commitment to enhancing
shareholder value through aggressive exploration. We made the decision to return to the
Alessandra vein target based on the recognition of pathfinder elements which we deduced
might lie above a mi neralized body and now we have demonstrated that this concept was
correct. Alessandra has the right host rocks (reactive limestones), the right intrusions (large
mafic dikes) and the target is completely open with no known prior mining history.”
Alessandra Skarn and Vein Zone
Hole AL21-085 cut a 11.05-m mineralized zone at a vertical depth of approximately 450 m in
skarn-altered limestone in the footwall of the Alessandra fault about 230 m south of and 2 80 m
below the mineralized intersection of hole AL19-038 (4.20 m of 2.58% Cu, 0.63% Pb, and 2.17%
Zn) (see News Release dated January 20, 2020).
Characterized by strong retrograde alteration of garnet -diopside skarn, t he AL21 -85 intercept
displays a down-dip increase in silver and gold grades and the continuation of strong copper and
zinc grades. The increase in silver values , from nearly absent in surface exposures and previous
drilling at Alessandra, along with strongly anomalous levels of arsenic, bismuth, and tellurium in
the mineralized intercept, suggest potential for increased precious-metal mineralization at depth.
The Alessandra vein zone extends for one kilometre of strike.
Hole AL21-090 was drilled from the same collar as AL21 -085, but at a shallower angle in order
to test the zone up dip (Figures 2 and 3). Assay results are pending for hole AL21 -090 while
drilling at Alessandra continues.
Europa-Guadalupe Vein Zone
Holes AL21-080, -082, -083, and -084 were drilled in the northern part of the Europa -Guadalupe
vein zone, to test for extension of mineralization found in holes in the central part of the zone (see
News Releases dated January 18, 2018, August 22, 2019, and September 24, 2020). Holes AL21-
086, -087, and -088 drilled in the south-central part of the Europa-Guadalupe vein zone.
Drilling shows that vein mineralization continues along the vein zone and indicates that the vein
is open along strike and down-dip. Hole AL19 -028 targeted the vein about 220 m north of the
AL21-083 intercept and roughly 150 m up -dip. The vein is open below and to the north of the -
028 intersection. See Table 1 for drill highlights and Figures 4 and 5 for locations of drill
intercepts.
Three more holes, AL21 -086, -087, and -088 were completed in the south -central part of the
Europa zone. Hole AL21-086 encountered significant mineralization in the granodiorite footwall
of the andesite/granodiorite contact. AL21 -088 cut a 21.85-m-wide zone of mineralization that
included a 0.40-m section grading 304 g/t Ag in the immediate hanging wall of the contact.
Figure 1. Identified vein zones at Alamos project. Vein zones mentioned in this news release are labeled. Click on
image to enlarge.
Ana Vein zone
Hole AL21 -081 was drilled to test the Ana vein/fault zone , in particular the area around the
intercept reported in hole AL18 -011 (see News Release dated March 1, 2019). AL21 -081 cut
numerous bands of altered limestone-hosted Zn mineralization. The highest grades reported were
0.69% Pb and 2.18% Zn over 0.55 m.
Promontorio Vein Zone
Minaurum is rehabilitating the Promontorio adit, to gain access for geological mapping and to
pump water for drilling from the mine’s lower workings. The Promontorio adit is reported to be
1,200 metres long, with at least two levels below the main access adit. Geological mapping of the
workings, combined with historical drill results (see News Release dated February 6, 2020) will
aid in further drill targeting and development of a geological model at Promontorio.
Minaurum has drilled 7 holes at Europa -Guadalupe, 2 at Alessandra, 2 at San José, and 1 at Ana
in 2021 . Assays are pending for the second hole at Alessandra and the San José holes.
Table 1. Assay highlights, holes AL21-080, -081, -082, -083, and -084, -085, -086, -087, and -088. Locations of
holes are shown in Figures 2 and 4. AL21-081 was drilled at the Ana zone, AL21-085 at Alessandra, and the rest
drilled at Europa-Guadalupe.
Hole From (m) To (m) Interval (m) Ag g/t Au ppb Cu % Pb % Zn % Comment
AL21-080
370.7 382.7 12.00 28 45 0.139 0.114 0.465 Europa
zone
398.45 400.05 1.60 174 25 1.301 0.031 0.115 FW veining
parallel to
core axis
including
398.45 399.2 0.75 297 41 1.875 0.025 0.099
AL21-081 484.85 486.05 1.20 1.26 13 0.003 0.343 2.430
Ana zone,
highest
values
AL21-082
271.20 271.90 0.70 19.35 3 0.030 0.100 0.606 hangingwall
vein
291.40 292.05 0.65 22.4 4 0.020 0.071 0.168
at
granodiorite
contact
AL21-083
419.00 424.05 5.05 106 10 0.090 0.243 0.459
immediate
footwall of
Europa
fault, in
granodiorite
including
421.15 422.75 1.60 247 17 0.161 0.577 0.694
which includes
421.50 421.95 0.45 589 39 0.293 1.765 1.240
427.05 429.30 2.25 228 103 0.174 0.533 1.280
including
427.05 428.30 1.25 353 88 0.223 0.732 1.497
which includes
427.80 428.30 0.50 754 85 0.403 1.585 2.800
432.20 432.50 0.30 20 469 0.036 0.626 1.645
AL21-084
320.50 322.05 1.55 139 6 0.133 0.103 0.174 Europa
zone vein
breccia
including
321.80 322.05 0.25 777 21 0.549 0.584 0.770
329.55 331.20 1.65 240 10 0.404 0.506 0.628 Breccia
immediate
FW to vein
zone.
including
330.00 330.60 0.60 547 5 0.723 1.240 1.300
AL21-085
274.80 275.90 1.10 6 8 0.03 1.19 7.63
HW block
of
Alessandra
fault zone
284.40 285.30 0.90 57 241 0.06 1.04 3.03
287.80 288.10 0.30 10 44 0.03 4.16 5.77
314.65 315.70 1.05 7 109 0.02 0.40 1.22
318.40 318.80 0.40 8 725 0.03 1.40 4.51
321.00 322.15 1.15 20 131 0.03 0.69 2.87
325.30 325.90 0.60 10 122 0.02 0.74 2.39
326.85 330.70 3.85 57 562 0.02 0.79 2.07
625.25 636.30 11.05 120 253 1.12 0.37 1.79 FW block
Alessandra
fault zone,
including
625.25 633.25 8.00 150 315 1.40 0.37 2.37
which includes skarn
minerali-
zation 625.25 630.70 5.45 183 299 1.65 0.26 2.49
Table 1. Assay highlights, holes AL21-080, -081, -082, -083, and -084, -085, -086, -087, and -088 (continued).
AL21-086
444.00 450.40 6.40 147 60 0.126 0.313 0.639 Begins 19 m
below
andesite/gra
no-diorite
contact
including
444.00 444.95 0.95 435 349 0.433 1.445 3.640
and
449.70 450.40 0.70 513 40 0.259 0.171 0.330
472.75 474.25 1.50 2 1130 0.003 0.002 0.013
AL21-087
115.50 132.65 17.15 35 4 0.065 0.086 0.185 Immediate
HW of fault
contact of
andesite and
granodiorite
including
127.60 130.45 2.85 91 22 0.237 0.348 0.467
which includes
129.80 130.45 0.65 283 96 0.789 1.165 1.526
AL21-088
234.65 256.50 21.85 62 12 0.144 0.191 0.430
Immediate
HW of fault
contact of
andesite and
granodiorite
including
243.40 256.50 13.10 88 17 0.208 0.273 0.567
which includes
248.25 255.60 7.35 107 23 0.275 0.374 0.630
which includes
252.25 255.60 3.35 132 30 0.343 0.310 0.795
which includes
255.20 255.60 0.40 304 89 0.563 1.435 2.150
Figure 2. Alessandra zone, showing drilling to date. “cz” = recrystallized or skarn-altered limestone, “tlg” = coarse
andesitic pyroclastics, “rq” = quartz-eye rhyolite dike. See Figure 3 for longitudinal section of Alessandra zone. Click
on image to enlarge.
Figure 3. Longitudinal section of Alessandra zone, looking WNW. Note that zone is open to north and south, and down dip. Click on image to enlarge.
Figure 4. Drill map of Europa -Guadalupe vein zone, Alamos Project. Note that area north and dow n dip of holes
AL21-083 and AL21-084 is open. A longitudinal section of Europa-Guadalupe drilling is presented in Figure 5. Click
on image to enlarge.