Minaurum Identifies Two New Vein Systems, Samples up to 3,120 g/t Silver and 14.7 g/t Gold at La Quintera
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: March 16, 2017 TRADING SYMBOL TSX.V:MGG
(MGG 2017 – NR #2)
Minaurum Identifies Two New Vein Systems, Samples up to 3,120 g/t Silver and
14.7 g/t Gold at La Quintera
Minaurum Gold, Inc. (“Minaurum”) is pleased to announce that it has identified two new vein targets,
Amalia and Nueva Europa, at its La Quintera project in southern Sonora State. Rock sampling from
quartz veins at Nueva Europa has returned values up to 2,500 g/t Ag and 3,120 g/t Ag. The Nueva
Europa vein zone lies 500m west of the historic high -grade Quintera – Promontorio vein zone and
roughly parallel to it. I t has recently been traced by Minaurum geologists for more than 1,500 m along
strike. Samples from the Amalia vein target have yielded values up to 14.7 g/t Au and 346 g/t Ag. The
vein hosting the Amalia target has now been traced for 500m along strike. These targets are in addition to
the four targets described in Minaurum’s news releases of November and December of 2016.
“We are excited by the results of the first systematic exploration program carried out at La Quintera .
Most of the estimated 200 Moz of silver produced on the project came from the La Quintera-Promontorio
vein zone, a fault -bounded up-thrown block. It appears that the Nueva Europa and Amalia vein zones
could have been down droppe d by post mineral faulting giving them the potential to host new silver
shoots. We plan to test these new targets along with those previously disclosed in the near future,” stated
Darrell Rader, President and CEO of Minaurum Gold.
Amalia Target:
The Amalia, Chinita, and Panchita prospects lie along a prominent NNE -SSW topographic linear abo ut
450 m east of the Promontorio-La Quintera vein zone (Figure 1). Quartz veins occupy a north -northeast-
striking fault zone in andesite over a strike length of 500 m and dip 75 degrees to the southeast.
Additional sampling and mapping are underway in the Amalia area. Sample highlights include:
Table 1. Highlights of recent and historical sampling at the Amalia Target.
Sample Company Sample type Width (m) Ag g/t Au g/t Cu % Pb % Zn %
101748 Minaurum Mine Dump 256 0.07 2.14 1.15 0.90
925901 Minaurum Mine Dump 249 14.7 1.00 1.31 1.96
1120639 Historical Mine Dump 3.0 346 1.30 0.86 1.44 1.94
1120640 Historical Mine Dump 3.0 282 4.13 1.55 2.77 1.93
1120693 Historical Outcrop Chip 2.0 41.2 1.03 0.30 1.74 1.55
Las Europas Targets:
The Las Europas target consists of two distinct vein zones, Nueva Europa and Europa , that lie 500 m and
800 m west-northwest of the Promontorio-La Quintera trend, respectively (Figure 1). The Nueva Europa
vein zone cuts andesitic agglomerate, tuff, and flows; it strikes north-northeast and dips steeply to the
east. In its southern extent, the Nueva Europa vein zone is controlled by the fault contact between
footwall marble and skarn and hangingwall andesitic agglomerate. Nueva Europa has been traced for
more than 1500 m and is open to the north and south. Vein widths range from stringers to vein/breccia
zone measuring more than one metre wide. The Europa vein zone has been traced for more than 400
metres and is open to the north.
Highlights of Minaurum’s sampling are presented in Table 2.
Table 2. Highlights of Minaurum Gold sampling in Las Europas area.
Sample Sample Type Width (m) Ag g/t Au ppb Cu % Pb % Zn %
101198 Outcrop Chip 1.6 155 27 0.53 0.40 1.17
101632 Mine Dump 262 47 0.23 0.16 1.00
922224 Dump Select 213 3 0.17 0.01 0.05
925992 Mine Sample 2,500 146 0.47 0.41 1.29
925993 Mine Sample 235 52 0.21 0.64 1.45
926002 Grab Sample 211 2 0.15 0.30 0.20
926005 Mine Sample 3,120 70 0.87 0.51 1.00
926006 Outcrop Chip 308 85 0.86 4.76 3.80
Figure 1. Simplified geological map of the central part of the La Quintera project, showing
vein target areas described in this and earlier news releases.
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.
Minaurum, a Mexico -focused explorer concentrated in 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
The listed samples were delivered to the ALS Chemex sample -preparation facility in Hermosillo, Sonora, Mexico. ALS Chemex
prepared the samples, crushing them to 70% less than 2mm, splitting off 25 0g, and pulverizing the split to more than 85%
passing 75 microns. The resulting sample pulps were then sent to ALS Chemex’s analytical laboratory in North Vancouver, BC,
Canada for a ssay. Analysis was done for 48 elements (including silver) by a 4 -acid digestion and inductively coupled plasma
atomic emission spectroscopy (ICP-AES). Sample pulps with silver values greater than 100 g/t; and copper, lead, or zinc values
greater than 10,000 ppm (1%) were re -analyzed using 4 -acid digestion and atomic absorption spectrometry (AAS). Samples
were analyzed for gold using fire assay and ICP-AES.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure s 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 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 r evise any forward -looking statements whether as a result of new information, future
events or otherwise, except as required by law.