Minaurum Successfully Completes Phase I Drill Program at Alamos and Announces Plans for Phase II Program
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: January 20, 2020 TRADING SYMBOL TSX.V:MGG
(MGG 2020 – NR #1)
Minaurum Successfully Completes Phase I Drill Program at Alamos
and Announces Plans for Phase II Program
Minaurum Gold Inc., (“Minaurum”) is pleased to announce that it has completed its Phase I Drill
program at the Alamos silver project in Sonora, Mexico. Phase I tested 19 of the 25 vein systems
identified to date at Alamos. Fourteen of the nineteen vein systems returned high -grade silver
intercepts demonstrating that mineralization occurs throughout a 10 km-long by 6 km-wide
corridor. In addition, Minaurum has acquired a large collection of historic 1950s to 1980s surface
and underground drilling data that is under review for incorporation into Phase II exploration
planning.
Highlights of recent drilling include:
• 1.10 m of 729 g/t Ag, 1.73 g/t Au, and 8.91% Cu-Pb-Zn (Hole AL19-034)
• 2.15 m of 470 g/t Ag and 1.67% Cu-Pb-Zn (Hole AL19-035)
• 1.05 m of 245 g/t Ag and 1.77% Cu-Pb-Zn (Hole AL19-037)
• 4.20 m of 5.38% Cu-Pb-Zn (Hole AL19-038)
The goal of Phase I was to pu t at least one hole i nto each identified vein system to establish the
district footprint and develop a prioritized vein inventory for Phase II step -out drilling. Phase I
drilling totaled 18,810 m in 40 holes . The holes reported here tested the previously undrilled
Rosario, Púlpito, Cotera, La Dura, Tijera, Las Animas, and Alessandra vein s. Table 1 presents
mineralized intervals for holes AL19-032 through AL19-038. Hole AL19-035 also cut significant
gold (6.75 g/ t Au) in a 20 cm -wide blind vein. Assays for holes AL19 -039 and AL19 -040 are
pending and will be announced as they are received.
Phase II w ill combine step-out drilling of the highest -grade veins intersected in Phase I and
additional targets stemming from the recently acquired historic data files. Phase II is expected to
commence in late-March and will include a minimum of 20,000 m of drilling, employing multiple
drill rigs.
“Phase I drilling allowed us to outline the footprint of the Alamos District and generate an
inventory of silver-rich veins for systematic follow-up drilling,” stated Darrell Rader, President
and CEO of Minaurum Gold. “Also, we are pleased to have acquired a significant quantity of
historical data and expect that, once reviewed and verified, it will significantly enhance Phase
II drill targeting.”
Púlpito and Cotera Veins
Minaurum tested both Púlpito and Cotera veins with a single hole, AL19 -035 (Figures 1 and 2).
The hole cut several zones of mineralization, including 7.60 m of vein breccia from 392.10 to
399.70 m that averaged 155 g/t Ag, about 150 m below the surface expression of Cotera. Within
that interval a 2.15-m section ran 470 g/t Ag. A 20-cm wide sample within a blind sulfide-bearing
quartz vein at Púlpito at a depth of 159.70 m assayed 367 g/t Ag, 6.75 g/t Au, 1.35% Cu, 0.59%
Pb, and 0.56% Zn.
Alessandra Vein
Hole AL19-038 cut 6.60 m of 3.89% combined Cu, Pb, and Zn from 368.50 to 375.10 m (Figure
1). Mineralization is associated with specular hematite veining and breccia-matrix fill with quartz
veinlets cutting skarn and hornfels. The significant visible gold encountered in surface samples
was not encountered in drilling (See New Release dated November 26, 2018).
Promontorio Vein
Hole AL19 -032 was drilled beneath the Promontorio mine workings and intersected weak
mineralization approxi mately 300 m below the AL19 -025 intercept (see News Release dated
August 22, 2019). Hole AL19-034 was drilled from the same pad as hole -032, but at a shallower
angle (Figures 1 and 3). It cut 1.10 m that assayed 729 g/t Ag, 1.73 g/t Au, and several percent
base metals.
La Dura and Tijera Veins
AL19-036 targeted projections of both La Dura and Tijera . The hole cut 0.50 m of quartz
veinletting assaying 160 g/t Ag from 395.50 to 396. 00 m. The mineralized zone appears to
correspond to the La Dura zone mapped on surface.
Las Animas Vein
Hole AL19-037 was drilled into the recently discovered Las Animas vein. The hole confirmed
that the mineralized vein zone dips steeply to the east and is associated with diorite, andesite, and
felsite dikes cutting granodiorite. The hole cut 1.05 m assaying 245 g/t Ag and 1.8% combined
base metals from 353.50 to 354.55 m.
Rosario Vein
Hole AL19-033 cut 7.35 m averaging 47 g/t Ag in a fault zone wi th fragments of mineralized
quartz vein from 300.70 to 308.05 m. The fault zone confirmed the model of a mineralized zone
dipping steeply to the southwest.
Corporate Update
Minaurum announces that Mr. Michael Williams did not stand for reelection at its recent Annual
General Meeting. Minaurum would like to thank Michael Williams for his contributions to the
Board and wish him all the best in his future endeavours.
Figure 1. Alam os project, showing known vein zones and Minaurum drilling to date in Phase I and Phase 2. Assay
for drill holes labelled in red are reported in this press release. Assays are pending for completed holes AL19-039 and
AL19-040. Please click on map image to view in full size.
Figure 2. Cross section of holes AL19-035 and AL19-036, Cotera-Púlpito and Tijera-La Dura vein zones.
Figure 3. Cross section of holes AL19-032 and AL19-034 with relation to hole AL19-025.
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%
AL19-032
(Promontorio) 199.25 199.55 0.3 64 213 0.05 1.59 5.14
AL19-033
(Rosario) 300.7 308.05 7.35 47 2 0.07 0.13 0.18
AL19-034
(Promontorio)
234.15 235.25 1.1 729 1730 0.13 3.05 5.73
235.25 241.15 5.9 16 86 0.07 0.31 1.35
AL19-035
(Púlpito-
Cotera)
136.75 144.3 7.55 43 29 0.03 0.05 0.14
159.6 159.8 0.2 367 6750 1.35 0.59 0.562
213.45 228.25 14.8 48 2 0.02 0.04 0.13
including
216.3 217.15 0.85 294 9 0.23 0.38 1.41
392.1 399.7 7.6 155 17 0.1 0.51 0.44
including
395.15 399.15 4 278 27 0.16 0.79 0.7
including
397 399.15 2.15 470 25 0.2 0.71 0.96
AL19-036 (La
Dura) 395.5 397.45 1.95 56 8 0.11 0.13 0.02
AL19-037
(Las Animas)
353.5 354.55 1.05 245 98 0.74 0.37 0.66
including
354 354.55 0.55 451 160 1.27 0.53 1.09
AL19-038
(Alessandra)`
98.00 99.10 1.10 12 137 0.06 1.81 4.22
99.10 99.80 0.70 1 3 0.95 0.11 0.31
154.85 155.40 0.55 9 22 0.01 0.68 2.58
368.50 375.10 6.60 9 15 1.94 0.46 1.49
including
369.05 373.25 4.20 12 20 2.58 0.63 2.17
399.55 402.50 2.95 12 48 0.87 0.04 0.02
419.85 432.95 13.10 3 3 0.34 0.01 0.02
including
427.00 429.60 2.60 8 10 0.74 0.01 0.03
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. 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
mineral discoveries and executing accretive mining transactions. F or 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 Lo oking 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 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 pulverizing 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 50-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 digestion 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 that have been prepared
by a third-party laboratory; t hey have gold, silver, and base-metal values that are established by an extensive
analytical process in which several commercial l abs (including ALS Minerals) participate. Standards test the
calibration of 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, and 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 for deviation from accepted values. To date, QC sample
analytical results have fallen in acceptable ranges on the Alamos project.