Phase II Drilling at Alamos Cuts Strong Mineralization in New San Jose Vein and Discovers Five Blind Veins
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: March 1, 2019 MGG:TSX.V ; MMRGF:OTCQX
(MGG 2019 – NR 01)
Phase II Drilling at Alamos Cuts Strong Mineralization in New
San Jose Vein and Discovers Five Blind Veins
Minaurum Gold Inc., (“Minaurum”) is pleased to announce that its on-going drill program in the Alamos
Silver District in Sonora, Mexico (Fig. 1) has demonstrated that three of the new vein systems mapped by
Minaurum host significant mineralization at depth and have the potential for silver-rich shoots along strike
and at depth. Furthermore, drilling has intersected five previously unknown blind veins.
To date, Minaurum has drill ed portions of 9 of the 15 vein systems identified at Alamos. The near -term
exploration strategy remains focused on a first-pass test of new vein systems lying outside of the historically
producing mines of Minas Nuevas, La Quintera, and Promontorio. Minaurum plans to put at least one hole
into each of the vein s identified. Upon completion of systematic project -wide testing, follow-up drilling
(Phase III) will be prioritized based on drill and sampling results along with favourable geologic indicators.
Significant results from Phase II drilling of new veins include:
• 9.6 m of 198 g/t Ag, 0.17% Cu, 0.22% Pb, 0.88% Zn or 269 g/t Ag Equivalent (“AgEq”) in Hole
AL18-015
• 0.9m of 302 g/t Ag, 0.21% Cu, 0.49% Pb, 0.78% Zn; or 383 g/t AgEq in Hole AL18-015
• 2.05m of 181g/t Ag, 0.14% Cu, 1.64% Pb, 1.57% Zn; or 338g/t AgEq in Hole AL18-015
• 2.85m of 25g/t Ag, 2.29% Pb, 10.58% Zn; or 618 AgEq in Hole AL18-011
• 0.9m of 391g/t Ag, 0.11% Cu, 0.42% Pb, 0.29% Zn; or 548g/t AgEq in hole AL18-012
*Ag Equivalent is reported for comparison only, with no assumptions regarding metal recovery or smelter payments.
Prices used are: Au: $1,321.90/troy ounce; Ag: $15.76/troy ounce; Cu: $2.81/pound; Pb: $0.94/pound; and Zn
$1.21/pound (all amounts in U.S. dollars).
“As we scope out the limits of this clearly large district, one new vein at a time, anything wider than
20 cm of >200 g/t Ag can be considered a success,” stated Dr. Peter Megaw, Minaurum Director and Co-
Founder. “We are delighted with what we’re finding as we continue to focus on new vein systems
throughout the district and look forward to determining how large this system ultimately is.”
“We’re excited that drilling continues to cut significant silver a nd base-metal mineralization
throughout the Alamos project. Our focus remains on aggressively stepping -out from the known
areas and determin ing how many of our newly discovered veins have the potential to host
mineralization similar to that produced historically from the Quintera -Promontorio vein system”
stated Darrell Rader, President and CEO of Minaurum Gold. “As we know from the historic workings,
high-grade deposits occur in shoots on veins that pinch and swell. By the second half of 2019, we
will have drilled most of the new vein s discovered thus far. At that point, we will allocate meterage
for follow-up drilling on the veins where we’ve hit strong mineralization.”
The second round of the on going 2018-2019 drilling campaign at Minaurum’s Alamos project began in
August 2018 and now totals 4,691 metres in 8 holes. In 2017, Phase I drilling completed 2,770 m in 8
holes. The current drill program has intentionally targeted holes at least 1.5 km distant from significant
veins discovered in Phase 1 drilling in order to extrapolate the Alamos’ exploration potential. (See New
Releases dated January 18, 2018 and November 3, 2017.)
San José Vein Zone
This recently discovered vein was tested by three holes spread over more than 2 km along strike. In Hole
AL18-015, a 4.25-m interval from 57.75 to 62.00 m averaged 146 g/t Ag, 0.16% Cu, 0.52% Pb, and 0.56%
Zn. This includes a 0.9 -m section assaying 302 g/t Ag, 0.21% Cu, 0.49% Pb, and 0.78% Zn. A second
9.6-m interval in the same hole from 127.60 to 137.20 m averaged 198 g/t Ag, 0.17% Cu, 0.22% Pb, and
0.88% Zn; including a 0.85 -m interval of 398 g/t Ag, 0.24% Cu, 0.27% Pb, and 1.73% Zn. A deeper
interval measuring 3.80 m from 192.90 to 196.70 m, averaged 140 g/t Ag, 0.10% Cu, 0.99% Pb, and 1.12%
Zn including 2.05 m running 181 g/t Ag, 0.14% Cu, 1.64% Pb, and 1.57% Zn. The four intervals appear to
show that the San José zone splits into multiple mineralized strands in the vicinity of hole AL18-015.
In AL18-013, a 1.30-m interval from 295.35 to 296.65 m ran 16 g/t Ag, 0.08% Cu, 0.33% Pb, and 0.42%
Zn. AL18-016 reported an 8.75-m zone averaging 32 g/t Ag from 71.00 to 72.50 m. Both intercepts are
in hydrothermal breccias, which confirms the strength of the San José zone along strike.
Ana Vein Zone
Hole AL18 -011 cut significant limestone/skarn-hosted zinc-lead mineralization in a blind vein in the
hanging wall of the Ana zone over 2.85 m averaging 2.29% Pb and 10.58% Zn from 394.10 to 396.95 m.
Nine other intervals cut over 1% Zn over widths of up to 2.95m. These base metal-rich zones appear to
represent deeper levels of the epithermal system.
Tigre and Amalia Vein Zone
AL18-012 targeted the Tigre and Amalia vein zones, cutting first a blind vein from 123.15 to 124.20 m that
averaged 666 ppb Au and 0.59% Zn before hitting a 0.90-m zone from 203.75 m to 204.65 m returning 390
g/t Ag, 0.42% Pb, and 0.29% Zn . AL18-012 also intersected a 1.30-m limestone/skarn-hosted interval,
possibly the Amalia zone, from 466.45 m to 467.75 m that returned 1.73% Pb and 1.99% Zn.
El Crestón Vein Zone
AL18-014 tested the intrusive-hosted El Crestón vein zone in the southwestern part of the project area, on
the recently acquired Yoreme concession. The hole encountered a >100-m wide zone of stockwork/sheeted
quartz veining with anomalous metal values. One 0.20 -m interval assayed 20 g/t Ag and 0.85% Cu.
Another 0.35-m interval ran 1.45% Zn.
Minas Nuevas Area
Holes AL18-009 and AL18-010 were collared in the Minas Nuev as area. AL18 -009 targeted the Minas
Nuevas vein zone, below the intersection of hole AL17 -002 (see NR dated 3 Nov 2017) and cut 22.55 m
averaging 25 g/t Ag. Hole AL18 -010 drilled from the same pad as -009, in the opposite direction (due
west), aimed at the projections of the Cotera and Púlpito vein zones. The hole did not reach either of these
zones, suggesting they may dip more westerly than originally thought.
On-going Drill Program
Drilling will continue to test new veins identified in Minaurum’s on-going surface mapping and sampling
program. These include the Europa Sur, Nueva Europa Sur, Alessandra and Promontorio Sur zones.
Alamos Vein Inventory
Vein System
Known
Strike
Length
(m)
Tested # of
holes Best Drill Intercept Comment
Minas Nuevas 1500 yes 3 17.95 m @ 96 g/t Ag Historical high-grade
producer
La Quintera 1400 no Historical high-grade
producer
Promontorio 1000 yes 3 20.15m @ 154 g/t Ag, 234 ppb Au,
0.5% Cu, 2.3% Pb, 6.8% Zn
Historical high-grade
producer
San Jose 2500 yes 3 9.60 m @ 198 g/t Ag, 24 ppb Au,
0.17% Cu, 0.22% Pb, 0.88 % Zn
Europa-Guadalupe 2500 yes 1 8.25 m @ 1,760 g/t Ag, 58 ppb Au,
1.60 % Cu, 1.48% Pb, 2.6 % Zn
True thickness, vein zone
splits into three strands to
south
Nueva Europa 2100 yes 1 1.20 m @ 542 g/t Ag, 16 ppb Au,
0.28% Cu, 0.44% Pb, 0.88% Zn
Occurs in down-thrown
block
Amalia 980 yes 1 1.30 m @ 7 g/t Ag, 10 ppb Au,
0.01% Cu, 1.73% Pb, 1.99% Zn
Occurs in down-thrown
block
Tigre 1000 yes 1 0.90 m @ 391 g/t Ag, 17 ppb Au,
0.11% Cu, 0.42% Pb, 0.29% Zn
Ana 3400 yes 1 2.85 m @ 25 g/t Ag, 14 ppb Au,
<0.01% Cu, 2.29% Pb, 10.58% Zn
Travesia 880 yes 1 9.60 m @ 88 g/t Ag, 14 ppb Au,
0.24% Cu, 0.37% Pb, 0.33% Zn
Cotera 800 yes 1 no significant values
El Creston 1900 yes 1 0.20 m @ 20 g/t Ag, 14 ppb Au,
0.85% Cu, <0.01% Pb, 0.03% Zn
Zone of veinlets is >
100m wide
Promontorio Sur 1300 no Probable Extension of
Promontorio
Alessandra 1100 no High-grade Gold Vein
Pulpito 1000 no
San Manuel 1100 no
Santa Rosa 500 no
Salvial 1800 no
Carrera 950 no
Figure 1. Locations of significant drill intersections, Alamos project.
Figure 2. Alamos project, showing known vein zones and Minaurum drilling to date in both Phase I and Phase 2.
Please click on map image to view in full size.
Table 1. Highlights of mineralized intersections from 2018-2019 drilling campaign, Alamos project. Hole collar
locations are shown in Figure 2.
Hole From
(m) To (m)
Drill
width
(m)
Ag (g/t) Au (ppb) Cu (%) Pb (%) Zn (%)
AL18-
009
126.9 128.55 1.65 21 4 0.19 <0.01 0.02
378.5 401.05 22.55 25 <1 0.03 <0.01 0.06
AL18-
010 no significant values
AL18-
011
394.1 396.95 2.85 25 14 0 2.29 10.58
including
395.2 396.95 1.75 40 18 0 3.57 16.54
419.15 422.1 2.95 3 2 0.38 1.72
including
421 422.1 1.1 7 2 0.74 3.23
455.95 457.05 1.1 5 4 0.22 1.71
467.35 467.6 0.25 4 19 0.3 1.84
519.65 520.05 0.4 7 5 0.21 1.19
533.4 535.5 2.1 3 7 0.14 1.14
548.8 549.5 0.7 3 8 0.1 1.57
551.45 551.8 0.35 3 7 0.12 1.16
569.5 570.5 1 2 4 0.21 1.19
578.05 579.35 1.3 4 5 0.14 1.21
AL18-
012
123.15 125.3 2.15 1 345 0.01 0.08 0.64
179.15 179.9 0.75 2 21 0.74 2.67
203.75 204.65 0.9 391 17 0.11 0.42 0.29
212.9 213.4 0.5 7 18 0.01 0.1 2.18
466.45 467.75 1.3 7 10 0.01 1.73 1.99
696.15 698.8 2.65 17 17 0.79 1.18
including
697.6 698.45 0.85 41 34 1.6 2.35
AL18-
013
12.2 13.7 1.5 <1 323 0.01 0.01
295.35 296.65 1.3 16 11 0.08 0.33 0.42
AL18-
014
96.85 97 0.15 1 4 0.01 1
252.35 252.85 0.5 8 56 0.32 0.14 0.23
320.35 320.55 0.2 20 14 0.85 0.03
364.05 364.3 0.25 1 8 0.39 1.04
448 448.35 0.35 <1 1 0.17 1.45
AL18-
015
57.75 62 4.25 146 13 0.16 0.52 0.56
including
59.15 60.05 0.9 302 20 0.21 0.49 0.78
and
61.5 62 0.5 171 36 0.36 1.76 1.01
127.6 137.2 9.6 198 24 0.17 0.22 0.88
including
129.1 131.15 2.05 274 41 0.26 0.28 2.6
and
129.1 129.95 0.85 398 21 0.24 0.27 1.73
and
133.2 136.2 3 224 28 0.22 0.24 0.36
180.15 182.15 2 109 8 0.12 0.08 0.13
192.9 196.7 3.8 140 35 0.1 0.99 1.12
including
193.65 195.7 2.05 181 62 0.14 1.64 1.57
AL18-
016
164.35 165 0.65 3 584 0 0.07 0.18
166.85 175.6 8.75 22 17 0.03 0.16 0.31
180.5 181.7 1.2 19 1 0.1 0.42 1.16
Figure 3. Geological cross section showing holes AL18 -011 and AL18-012. Hole AL17-006 from the 2017 drilling
program appears on the left side of the section. Please click on map image to view in full size.
Figure 4. Geological cross section showing hole AL18-015. Please click on map image to view in full size.
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
mineral discoveries and executing accretive mining tr ansactions. 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
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 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, f uture 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. Cor e 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; 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 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 re sults are inspected for deviation from accepted values. To date, QC
sample analytical results have fallen in acceptable ranges on the Alamos project.