Minaurum Gold - MMRGF STOCK NEWS

Minaurum Gold Inc. (MMRGF) has announced significant drilling results from its Alamos Silver Project in Sonora, Mexico. The program targeting the Promontorio vein zone has yielded exceptional silver intercepts, including 3.00 m of 4,173 g/t silver equivalent (AL24-111), 6.35 m of 380 g/t AgEq (AL24-110), and 5.75 m of 189 g/t AgEq (AL24-112).

The drilling program focuses on the 1 km-long Promontorio vein zone, which includes multiple veins: Veta Grande, Veta del 100, and Veta Las Guijas. Notable results from the Tirito area include a high-grade sub-interval of 1.55 m of 7,780 AgEq, containing 0.50 m of 13,995 g/t AgEq. The company aims to establish a maiden resource at the Alamos project, with drilling focused on 75- to 100-m spacings between vein intersections.

Minaurum Gold Inc. (MMRGF) has secured new 29-year ejido community agreements for its Alamos silver project in Sonora, Mexico. The agreements cover both La Aduana and Tetajiosa ejidos, providing complete access for exploration, construction, and mining operations across 6,000 hectares of the core project area. The agreements received unanimous approval from the communities and complement an existing agreement with the municipality of Minas Nuevas. The project is already permitted through to production with an Environmental Impact Statement allowing for exploration and underground mining activities.

Since 2016, Minaurum has supported local communities through employment, training programs, micro loan funding, environmental investments, and infrastructure spending. The company views these agreements as a significant de-risking milestone for advancing the project toward a maiden silver resource.

Minaurum Gold has strengthened its position at the Aurifero gold project in Sonora, Mexico by acquiring a 100% interest in five royalty-free claims covering the core portion and extending its option agreement for remaining claims by three years. The project, located near Minaurum's flagship Alamos silver project, has demonstrated significant historical drilling results, including intersections of 58m of 3.65 g/t Au and 7.60m of 7.97 g/t Au. The consolidated land package now totals 1,348 hectares, with Minaurum controlling over 95% of this high-grade gold district.

Minaurum Gold (TSXV: MGG, OTCQX: MMRGF) announced an agreement with Nevada Zinc to acquire a 25% interest and an option for 100% interest in the Lone Mountain CRD Project in Nevada, USA. The project has a historic inferred resource of 3.26 million tonnes grading 7.57% Zn and 0.70% Pb. Highlights include drill holes with up to 23.06% Zn. The 2019 PEA showed a 35% after-tax IRR and a pre-tax NPV of $56.4M using a zinc price of $1.13/lb. Minaurum will issue $1M in shares and pay $100,000 in cash to complete the acquisition. The project, comprising 1,850 hectares, includes the historical Mountain View Mine. Minaurum plans to advance the project through further drilling and geology work.

Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) reported high-grade silver intercepts from the initial 5 holes of its 2024 drill program at the Alamos Silver Project in Sonora, Mexico. Key highlights include:

• Hole AL24-105: 0.70m of 2,976 g/t AgEq
• Hole AL24-107: 5.60m of 368 g/t AgEq and 2.55m of 621 g/t AgEq
• Hole AL24-108: 8.45m of 336 g/t AgEq

The 1 km-long Promontorio vein zone, which hosts multiple veins including Veta Grande and Veta del 100, showed strong mineral continuity. The 2024 program aims to establish an initial mineral resource with infill and step-out drilling. Promontorio Sur will be the next target.

Minaurum Gold has launched an 8,000-meter drill program at its 100%-owned Alamos silver project in Sonora, Mexico. The drilling focuses on three key silver veins: Europa, Promontorio, and Promontorio Sur. The company aims to establish an initial inferred mineral resource by the end of 2024. Minaurum has already drilled 42,317 meters in 106 holes across 19 veins, with significant prior results include 8.25m grading 1,760 g/t Ag at Europa and 20.2m grading 154 g/t Ag at Promontorio. The program also includes step-out and infill drilling to extend known mineralization. Future plans include further resource-expansion drilling in 2025. Minaurum's goal is to develop Alamos into a Tier-One silver asset. The drill program aligns with their strategy to de-risk the project through simultaneous exploration and permitting.

Minaurum Gold has secured a favorable injunction for its Alamos silver project from the Mexican Federal Administrative Court, protecting the project from the 2023 Mining Law Reform. This decision ensures that the Alamos project remains governed by the 1992 Mexican Mining Law, avoiding the uncertainties of the new reforms. The company is awaiting further court correspondence regarding its other Mexican projects. This ruling stabilizes Minaurum's flagship project, which is key for their portfolio that includes significant silver, gold, and copper assets across Mexico.

Minaurum Gold has engaged Independent Mining Consultants Inc. (IMC) to create an initial mineral resource estimate for its Alamos silver project in Sonora, Mexico. The estimate will focus on the Europa and Promontorio silver veins and is expected to be completed in Q4 2024. IMC will begin work on-site in July 2024. Minaurum's technical team anticipates that this will enhance their understanding of the mineralized envelope and geology of the underexplored Alamos district. IMC brings significant experience from various projects in Mexico and globally, ensuring a thorough and reliable assessment.

Minaurum Gold Inc. discovers Zinc-rich Carbonate-Replacement Mineralization at Alamos, showcasing a continuous 2.4 km-long zone of CRD-style mineralization and skarn alteration in recrystallized limestone. Strong CRD mineralization intersections include Hole AL19-020: 3.21% Zn and 1.05% Pb over 3.0 m, highlighting a significant new target for the company. Dr. Peter Megaw acknowledges the potential of CRD exploration in the district. The discovery adds value to the existing high-grade silver veins at the project site.