Minaurum Drills More High-Grade at Alamos Including 3.8 m of 415 g/t Silver, 2.68 g/t Gold, and 16.75% Base Metals
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: August 22, 2019 MGG:TSX.V ; MMRGF:OTCQX
(MGG 2019 – NR #5)
Minaurum Drills More High-Grade at Alamos Including
3.8 m of 415 g/t Silver, 2.68 g/t Gold, and 16.75% Base Metals
Minaurum Gold Inc., (“Minaurum”) is pleased to announce further results from its ongoing first stage drill
program at its Alamos Silver project in Sonora, Mexico. Over twenty vein systems have been identified
at Alamos and with these latest results Minaurum has now tested 14 of the se known systems. The initial
focus has been on drilling several holes into each vein to determine the extent of the district and to generate
a prioritized inventory for subsequent systematic drilling. Several holes were dedicated to finding wide
zones within the major known veins. Two rigs are currently active.
Recent high-grade drill results include:
• Hole AL19-025: 3.80 m of 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn or 1,430
g/t AgEq*including 0.95 m of 1,566 g/t Ag, 6.72 g/t Au, 4.48% Cu, 9.27% Pb, 10.08% Zn or
3,321 g/t AgEq*
• Hole AL19-018: 0.95 m of 425 g/t Ag, 0.32% Cu, 3.17% Pb, 1.31% Zn or 622 g/t AgEq*
• Hole AL19-030: 1.95 m of 261 g/t Ag
• Hole AL19-031: 0.90 m of 337 g/t Ag and 0.90 m of 307 g/t Ag
• Hole AL19-026: 1.05 m of 134 g/t Ag, 0.31% Cu, 1.25% Pb, 3.89% Zn or 412 g/t AgEq*
* Ag Equivalent is reported for comparison only, with no assumptions regarding metal recovery or smelter payments. Prices use d are: Au:
$1,496.70/troy ounce; Ag: $16.93/troy ounce; Cu: $2.59/pound; Pb: $0.94/pound; and Zn $1.01/pound (all amounts in U.S. dollars).
“Our systematic approach to determining the extent of the Alamos District continues to be validated by
drilling silver mineralization in newly recognized veins outside of the historical mining areas. We now
have high-grade silver intercepts in 10 of the 14 vein systems drilled to date,” stated Darrell Rader,
President and CEO of Minaurum Gold. “We still have six more vein s that need to be tested before we
begin follow-up drilling that will target the veins that have the potential to host volumes of high-grade
mineralization similar to that of the historic Quintera and Promontorio mines.”
Promontorio Vein System,
Hole AL19-025 drilled the Promontorio zone from the eastern, footwall side and intersected 3.80 m of
415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn; including 0.95 m of 1,566 g/t Ag, 6.72 g/t
Au, 4.48% Cu, 9.27% Pb, 10.08% Zn, Hole AL19-025 was drilled approximately 350 m south of hole
AL17-005 that intersected 20.15 m of 154 g/t Ag, 0.5% Cu, 2.3% Pb and 6.8% Zn. (See News Release
dated November 3, 2017).
Europa Sur Area
The Europa Sur area contains 3 separate vein systems; Europa SE, Europa SW, and Europa W. Each of
these was intersected in hole AL19 -018. Europa SE returned 2.30 m @ 41 g/t Ag with anomalous Cu,
Pb, and Zn values . At Europa SW, the fault contact between skarn -altered limestone and granodiorite
yielded 0.95 m averaging 425 g/t Ag, with significant base-metal credits. This included a 0.50 m interval
assaying 719 g/t Ag, 172 ppb Au, 0.57% Cu, 5.92% Pb, and 2.37% Zn. Europa W was intersected by
AL19-018 and returned an 8.3-m quartz vein/breccia interval containing a 0.70-m interval assaying 237
g/t Ag, 0.21% Cu, 0.81% Pb, and 2% Zn.
San José Vein System
AL19-029 tested the San José system about 200 m southwest of the San José workings. The hole cut
30.10 m of vein breccia and strongly silicified and veined andesites and granodiorite from 126.65 to
156.75 m. The interval 130.65 to 143.65 m averaged 37 g/t Ag, 39 ppb Au, 0.04% Cu, 0.21% Pb, and
0.40% Zn. AL19-031 tested the San José system under the historic Claraboya workings, about 600 m
northeast of the San José workings. It intersected 1.70 m averaging 206 g/t Ag from 366.50 to 367.40
m, including a 0.90-m interval assaying 337 g/t Ag. A second 0.90-m interval, from 374.30 to 375.20
m assayed 307 g/t Ag . Both intervals were hosted by veined and silicified granodiorite in the San José
vein system.
Blind Vein (possible extension of Nueva Europa)
Hole AL19-030 was drilled at a shallow angle ( -40 degrees) to test the northern projection of Nueva
Europa. The hole encountered a 9.80 -m zone of quartz veinlets that averaged 31 g/t Ag, from 427.05 to
436.85 m, before cutting a 1.95-m zone averaging 261 g/t Ag, from 488.15 to 489.40 m. A second zone
contained a 0.40-m interval that assayed 1,100 g/t Ag and 0.38% Cu. Other than its possible correlation
with Nueva Europa hundreds of metres to the south, it is completely blind with no known surface
expression.
Azulacas Vein – Promontorio Vein System
Holes AL19-021 and AL19-023 tested the immediate footwall of the Azulacas vein, one of the significant
historically mined strands of the Promontorio system. AL19-021 cut 6.55 m of 91 g/t Ag and anomalous
base metals in the immediate footwall of Azulacas, before stopping the hole in workings at 149 m. AL19-
023 was collared at the same pad as AL19-021 but was drilled at a steeper angle. It cut 13.10 m averaging
119 g/t Ag and 1.37% Zn in the footwall of the Azulacas zone.
Europa-Guadalupe vein system
Hole AL19-026 intersected Europa -Guadalupe where it splits into several strands . T he highest grade
returned was 231 g/t Ag, 0.38% Cu, 2.48% Pb, and 7.83% Zn over 0.45-m.
Promontorio Sur vein system
Holes AL19-020 and AL19-024 tested Promontorio Sur. Both holes demonstrated that the system is in a
fault block down -dropped from the Promontorio System. AL19-020 cut a 0.20-m interval in the fault
zone assaying 304 g/t Ag at the beginning of a 31.40 -m interval of Pb and Zn mineralization. The
mineralized zone contains a 1.55 -m zone assaying 1.27 g/t Au. Hole AL19-024 tested Promontorio Sur
about 1 km southwest of hole AL19-020. It encountered anomalous Ag, Pb and Zn in several intervals in
altered limestone. One 0.20 -m interval assayed 3.98% Pb and 1.73% Zn. The Promontorio Sur zone’s
structural similarity to the main Promontorio zone suggests the potential for mineralized shoots similar to
those historically mined at Promontorio.
Amalia Vein and Footwall
AL19-019 targeted Amalia and tested the potential for vein mineralization in altered limestone in the
footwall of the Amalia z one. The hole cut numerous intervals ranging from 0.25 - to 1.20-m thick with
strongly anomalous values of Pb and Zn, and Ag values less than 50 g/t. The highest -grade interval was
0.25 m of 113 g/t Ag, 150 ppb Au, 0.28% Cu, 2.60% Pb, and 5.74% Zn.
Tigre Vein System
AL19-022 tested Tigre under the Tigre workings, cutting only anomalous values in quartz -calcite veins
and veinlets.
La Quintera Vein System
AL19-017 was drilled to test the hanging wall at La Quintera. The hole encountered mineralized veinlets
in the hanging wall, reporting a 0.50 -m zone assaying 124 g/t Ag and 0.26% Cu, and a 0.20 -m interval
averaging 365 g/t Ag and 0.785% Cu. The hole cut a nearly 40 -m thick section of weakly mineralized
massive quartz veining in the footwall of the mined-out La Quintera shoot.
Drill Program
Since September 2018 , Minaurum has completed 12,000 m of drilling. For the remainder of the year,
Minaurum will continue its systematic hunt for new silver shoots in untested vein systems. Once testing
is complete, Minaurum will temporarily pause drilling in order to compile data towards the goal of
prioritizing the next phase of systematic drilling of the highest priority vein targets with multiple drill rigs.
Figure 1. Alamos project, showing known vein zones and Minaurum drilling
to date in Phase I and Phase 2. Please click on map image to view in full size
Table 1. Highlights of mineralized intersections from 2019 drilling campaign, Alamos project. Hole collar locations are shown
in Figure 1.
Hole From (m) To (m) Interval
(m) Ag g/t Au ppb Cu % Pb % Zn%
AL19-017
111.25 117.25 6.00 58 5 0.16 0.11 0.10
including
115.95 116.45 0.50 124 36 0.26 0.10 0.25
155.85 156.9 1.05 118 34 0.19 0.01 0.04
including
155.85 156.05 0.20 365 3 0.75 0.01 0.03
280.35 280.6 0.25 116 1 0.50 0.03 0.05
303.75 305.85 2.10 55 2 0.16 0.06 0.03
including
303.75 304.10 0.35 103 3 0.28 0.09 0.03
329.3 330.5 1.20 67 8 0.14 0.29 0.30
including
329.30 329.80 0.50 110 19 0.18 0.14 0.29
393.6 395.35 1.75 84 12 0.13 0.03 0.10
including
395.00 395.35 0.35 105 25 0.27 0.06 0.15
AL19-018
95.45 97.75 2.30 41 5 0.15 0.12 0.21
308.15 309.10 0.95 425 91 0.32 3.17 1.31
including
308.60 309.10 0.50 719 172 0.57 5.91 2.37
433.10 441.40 8.30 68 78 0.11 0.58 1.58
including
433.10 436.90 3.80 33 84 0.07 0.64 1.55
and
437.55 439.60 2.05 88 86 0.13 0.81 2.31
and
440.70 441.40 0.70 237 75 0.21 0.30 2.00
AL19-019
69.50 71.05 1.55 2 5 0.13 0.22 1.62
264.80 266.95 2.15 4 36 0.04 0.84 1.49
337.40 337.65 0.25 7 19 0.00 1.05 2.80
347.35 347.65 0.30 4 10 0.00 0.73 2.21
367.20 368.00 0.80 6 11 0.00 0.79 1.85
376.35 376.85 0.50 5 15 0.00 0.78 2.45
489.80 490.25 0.45 29 31 0.00 1.01 2.08
512.25 512.50 0.25 33 33 0.11 0.29 1.91
539.45 539.60 0.15 30 39 0.04 0.09 1.23
582.30 583.50 1.20 50 41 0.16 0.48 0.80
650.10 650.50 0.40 16 139 0.05 1.11 2.84
654.10 654.35 0.25 113 150 0.29 2.60 5.74
Table 1. Highlights of mineralized intersections from 2019 drilling campaign, Alamos project (cont.)
Hole From (m) To (m) Interval
(m) Ag g/t Au ppb Cu % Pb % Zn%
AL19-020
226.00 226.30 0.30 7 2910 0.00 0.01 0.01
234.65 266.35 31.70 7 80 0.05 0.73 1.85
including
234.65 235.70 1.05 146 98 0.93 0.53 0.81
(which includes)
234.65 234.85 0.20 304 352 1.41 2.50 3.36
and
237.15 238.70 1.55 4 1278 0.01 0.55 1.03
(which includes)
237.15 237.60 0.45 4 3260 0.00 0.04 0.02
and
242.30 245.60 3.30 2 12 0.00 0.81 2.33
and
247.50 251.40 3.90 3 16 0.00 1.90 4.99
and
256.25 257.75 1.50 2 9 0.00 0.88 1.88
and
260.05 264.90 4.85 3 13 0.00 1.05 3.21
273.00 273.60 0.60 9 12 0.00 0.36 2.36
282.20 282.60 0.40 5 5 0.00 0.42 2.37
286.50 286.85 0.35 26 68 0.03 1.23 2.47
391.95 392.25 0.30 2 26 0.00 0.84 2.79
397.75 398.45 0.70 4 35 0.02 1.20 3.54
400.30 401.00 0.70 3.41 51 0.01 1.16 2.85
403.00 403.50 0.50 3.67 19 0.00 0.75 2.57
411.75 412.05 0.30 9 10 0.00 0.28 2.50
AL19-021 3.05 9.60 6.55 91 5 0.12 0.16 0.16
AL19-022 349.25 349.55 0.30 6 116 0.00 0.47 1.66
435.70 436.15 0.45 7 4 0.00 0.08 2.28
AL19-023
0.00 12.25 12.25 122 23 0.21 0.21 1.42
including
0.00 7.85 7.85 141 34 0.29 0.31 1.82
20.15 21.35 1.20 74 13 0.19 0.20 0.36
90.80 91.00 0.20 5 330 1.25 1.34 0.77
124.80 125.95 1.15 66 150 0.22 0.45 0.45
170.25 170.80 0.55 46 29 0.05 0.31 0.92
AL19-024 150.65 150.85 0.20 5 19 0.01 3.98 1.73
AL19-025
443.80 451.55 7.75 20 82 0.13 0.62 2.18
including
448.90 450.05 1.15 39 129 0.48 0.84 5.78
463.25 474.10 10.85 154 986 0.52 2.68 4.42
including
463.85 467.65 3.80 415 2676 1.37 6.20 9.19
including
463.85 464.80 0.95 1566 6719 4.48 9.27 10.08
Table 1. Highlights of mineralized intersections from 2019 drilling campaign, Alamos project (cont.)
Hole From (m) To (m) Interval
(m) Ag g/t Au ppb Cu % Pb % Zn%
AL19-026
129.20 129.70 0.50 23 38 0.24 0.37 0.83
240.00 241.35 1.35 169 11 0.18 0.25 1.04
426.25 426.55 0.30 259 3 0.52 0.58 0.47
436.45 436.75 0.30 55 56 0.08 0.28 3.17
452.60 452.85 0.25 129 56 1.27 0.46 5.18
464.35 465.40 1.05 134 131 0.31 1.25 3.89
including
464.35 464.80 0.45 231 159 0.38 2.48 7.83
476.85 477.65 0.80 160 39 0.37 1.71 3.55
478.85 479.10 0.25 77 12 0.21 1.10 1.33
515.60 517.10 1.50 50 9 0.08 0.30 1.68
AL19-027
398.00 398.30 0.30 282 24 0.31 0.30 1.59
461.20 461.55 0.35 194 122 0.69 0.06 0.12
468.70 468.90 0.20 44 55 0.29 0.55 0.30
471.90 472.10 0.20 160 1 0.95 0.07 0.31
484.10 484.70 0.60 6 34 0.01 0.56 1.69
AL19-028
170.80 171.25 0.45 52 18 0.06 0.12 0.30
236.85 240.95 4.10 51 11 0.14 0.17 0.58
including
238.40 239.55 1.15 60 19 0.12 0.24 1.31
364.20 367.25 3.05 55 3 0.04 0.07 0.12
including
365.45 366.00 0.55 126 12 0.16 0.28 0.54
AL19-029
130.65 143.45 12.80 37 39 0.04 0.21 0.40
including
130.65 133.75 3.10 48 97 0.06 0.34 0.87
AL19-030
427.05 436.85 9.80 31 4 0.02 0.06 0.13
488.15 490.10 1.95 261 15 0.11 0.16 0.27
including
489.00 489.40 0.40 1100 59 0.38 0.27 0.58
AL19-031
338.65 345.70 7.05 65 1 0.12 0.20 0.53
including
342.65 344.25 1.60 132 1 0.21 0.32 0.80
363.45 363.85 0.40 150 11 0.02 0.03 0.22
366.50 368.20 1.70 206 2 0.05 0.08 0.14
including
366.50 367.40 0.90 337 2 0.08 0.11 0.16
373.20 375.90 2.70 142 4 0.04 0.16 0.27
including
374.30 375.20 0.90 307 7 0.08 0.23 0.37
377.15 377.50 0.35 112 13 0.05 0.70 0.88
381.80 383.10 1.30 97 30 0.08 1.67 2.95
386.45 387.50 1.05 65 14 0.13 0.39 0.41
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 teams in Mexico. Minaurum's goal is to continue
its founders' legacy of creating shareholder value by making district-scale m ineral discoveries and
executing accretive mining transactions. For more information, please vis it 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
Vancouver, BC V6E 2K3
Telephone 778 330-0994
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 based on Minaurum’ s current b eliefs 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 relianc e 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 pulverizing the split to more than 85% passing 75 microns. The resulting sample pulps are prepared in
Hermosillo, and then shipped to Vancouver f or chemical analysis by ALS Minerals. In Vancouver, t he 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