Minaurum Drills Multiple High Grade Silver Intercepts Including 2,431 g/t Ag over 0.70 m at Alamos Silver Project

Rhea-AI Summary

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.

Positive

• High-grade silver intercepts: Hole AL24-105 with 0.70m of 2,976 g/t AgEq.
• Continued strong mineral continuity in the 1 km-long Promontorio vein zone.
• First 5 holes of the 2024 drill program show promising results: Hole AL24-107 with 2.55m of 621 g/t AgEq.
• Upcoming infill and step-out drilling in Promontorio Sur.

Negative

• Hole AL24-109 returned no significant values.

Vancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) ("Minaurum" or "the Company") is pleased to announce the results of the first 5 holes of the 2024 drill program to establish an initial mineral resource at its 100% owned and production permitted Alamos silver project ("Alamos") in Sonora, Mexico. The most significant results include: AL24-105 that intersected 0.70 m of 2,976 g/t silver equivalent ("AgEq") (Figure 1), AL24-107 that returned 5.60 m of 368 g/t AgEq and 2.55 m of 621 g/t AgEq and AL24-108 that returned 8.45 m of 336 g/t AgEq.

"Our resource drilling program has started off with significant high-grade silver results showcasing the mineral continuity of our 1 km-long high-grade Promontorio vein zone," stated Darrell Rader, President and CEO of Minaurum Gold. "Infill and step-out drilling continues at Promontorio, one of three core resource drilling targets for 2024. We anticipate testing the second target at Promontorio Sur vein zone next with step-out holes."

Promontorio and Promontorio Sur Vein Zones
The 1 km-long Promontorio vein zone consists of multiple veins including the Veta Grande, Veta del 100, and Veta Las Guijas veins (Figure 2) (see Minaurum news release dated February 6, 2020). The individual veins are hosted in faulted volcanics, altered limestone, and intrusive rocks.

The West Promontorio vein zone is an underexplored vein zone located 100 m west of the Veta del 100 that was intersected in the 2024 drill program. The Promontorio Sur is the faulted-off, down-dropped, and underexplored southern extension of the Las Guijas vein.

The first 5 holes totaled 1,286 m (Table 1, Figure 2) and were drilled on two fences across the Promontorio vein zone. Holes AL24-105 and AL24-106 tested the newly discovered West Promontorio vein on one fence, and holes AL24-107, -108, and -109 tested the Veta del 100/Veta Grande portion of the Promontorio zone on another fence.

Prior to 2024, Minaurum drilled 29 holes totaling 9,258 m at Promontorio and Promontorio Sur. Minaurum's 2024 program includes infill drilling to establish 75 to 100 m spacings between vein intersections, as well as step-out drilling.

Table 1. Assay highlights to date, Promontorio infill drilling, 2024. Weight-averaged silver-equivalent grades are based on May 1, 2024, Kitco.com metal prices: Ag $26.90/oz, Au $2,303.00/oz, Cu $4.52/lb, Pb $1.09/lb, Zn $1.43/lb.

Hole	From (m)	To (m)	Interval (m)	Ag g/t	Au g/t	Cu %	Pb %	Zn %	AgEq g/t	Vein
AL24- 105	153.00	154.25	1.25	151	0.03	0.91	1.55	0.63	309	West Vein
	including
	153.00	153.80	0.80	189	0.04	1.26	1.86	0.85	401
	183.35	184.05	0.70	2431	0.26	1.29	7.41	6.06	2976
AL24- 106	167.70	168.80	1.10	48	0.00	0.06	0.96	1.42	127
AL24- 107	134.80	135.00	0.20	130	0.77	0.50	2.22	8.18	576	Veta Grande/ Veta del 100
	136.10	136.55	0.45	103	0.98	0.29	2.50	3.61	400
	141.90	142.95	1.05	196	0.37	0.47	0.15	1.86	342
	including
	142.50	142.95	0.45	362	0.05	0.78	0.03	0.09	453
	160.20	165.80	5.60	200	0.48	0.35	1.46	1.64	368
	including
	160.95	161.45	0.50	259	0.32	0.50	0.10	0.36	354
	and
	163.25	165.80	2.55	350	0.78	0.52	3.06	2.19	621
	which includes
	164.35	165.80	1.45	545	1.08	0.70	5.25	2.92	940
	which includes
	164.35	165.00	0.65	735	1.48	1.11	7.06	3.02	1256
AL24- 108	119.35	120.00	0.65	16	0.75	0.10	0.07	6.62	313
	including
	119.75	120.00	0.25	36	1.69	0.15	0.12	13.45	647
	144.25	145.00	0.75	216	1.81	0.39	3.54	4.52	651
	175.80	176.35	0.55	643	1.38	1.43	0.26	0.21	925
	183.45	191.90	8.45	78	0.37	0.24	2.64	4.07	336
	including
	186.30	188.05	1.75	211	0.61	0.53	7.36	10.89	865
	which includes
	186.60	187.25	0.65	388	0.83	0.67	13.39	21.49	1580
AL24- 109	no significant values

 

Highlights of Minaurum's previous drilling at Promontorio include:

• 20.2 m of 455 g/t AgEq or 154 g/t Ag, 0.5% Cu, 2.3% Pb, 6.8% Zn (Hole AL17-004)
• 3.8 m of 1,309 g/t AqEq or 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn incl. 0.95 m of 3,282 g/t AgEq or 1,566 g/t Ag, 6.72 g/t Au, 4.48% Cu, 9.27% Pb, 10.08% Zn (Hole AL19-025)
• 7.6 m of 461 g/t AgEq or 266 g/t Ag, 0.27 g/t Au, 0.57% Cu, 1.60% Pb, 3.17% Zn, incl. 2.9 m of 1,204 g/t AgEq or 636 g/t Ag, 1.36% Cu, 3.9% Pb, 7.17% Zn (Hole 20-044)
• 3.1 m of 1,334 g/t AgEq or 1,197 g/t Ag, 1.38% Cu (Hole AL20-046)
• 3.7 m of 761 g/t AgEq or 528 g/t Ag, 0.83% Cu, 2.43% Pb, 1.47% Zn (Hole AL20-064)
• 1.25 m of 1,309 g/t AqEq or 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn incl. 0.95 m of 3,282 g/t AgEq or 1566 g/t Ag, 6.72 g/t Au, 4.48% Cu, 9.27% Pb, 10.08% Zn (Hole AL19-025)
• 5.1 m of 870 g/t AgEq or 769 g/t Ag, 0.76% Cu; incl. 3.1 m of 1,334 g/t AgEq or 1197 g/t Ag, 1.38% Cu (Hole AL20-046)
• 1.10 m of 1,186 g/t AgEq or 729 g/t Ag, 1.73 g/t Au, 0.13% Cu, 3.05% Pb and 5.73% Zn (Hole AL19-034)

Figure 1. Drill core photo of Hole AL24-105: 182.80 m – 185.10 m, intersected 1.25 m of 309 g/t AgEq including 0.70-m interval (183.35 – 184.05 m) that assayed 2,976 g/t Ag Equivalent or 2,431 g/t Ag, 0.266 g/t Au, 1.29% Cu, 7.41% Pb, and 6.06% Zn. Host rock is skarn-altered limestone.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3455/223762_10e8c48b44c13a73_003full.jpg

Figure 2. Promontorio vein zone, showing status of 2024 drilling. Click to image to enlarge.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3455/223762_10e8c48b44c13a73_004full.jpg

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Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) is a Mexico-focused explorer concentrating on the high-grade 100% owned fully production permitted Alamos silver project in southern Sonora. Minaurum is managed by one of the strongest technical and finance teams and will continue its founders' legacy of creating shareholder value to develop and acquire a pipeline of potential Tier One precious and base metals projects.

ON BEHALF OF THE BOARD

"Darrell A. Rader"

Darrell A. Rader
President and CEO

For more information, please contact:
Sunny Pannu - Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at pannu@minaurum.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

___________________________________________________________________________

1570- 200 Burrard Street 
Telephone: 1 778 330-0994
Vancouver, BC V6C 3L6 
www.minaurum.com
info@minaurum.com

Data review and verification: Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified Person (QP) as defined by National Instrument 43-101, reviewed and verified the assay data, and has approved the disclosure in this News Release. Verification was done by visual inspection of core samples and comparison to assay results. Assay results have not been checked by re-analysis. No factors were identified that could materially affect the accuracy or reliability of the data presented in this news release.

Analytical Procedures and 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 from the 2024 program are sawed in half and then bagged in a secure facility near the site, and then shipped by a licensed courier to ActLabs preparation facility in Zacatecas, Zacatecas, Mexico. ActLabs 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 Zacatecas, and then shipped to Vancouver for chemical analysis by ActLabs. 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 ActLabs) 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 by the QP. To date, QC sample analytical results have fallen in acceptable ranges on the Alamos project.

ActLabs is independent of Minaurum Gold and is independent of the Qualified Person.

Cautionary Note Regarding Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

In making the forward-looking information 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 information 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 information.

Readers are cautioned not to place undue reliance on forward-looking information. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223762

FAQ

What are the key intercepts reported by Minaurum Gold in the September 19, 2024 release?

Key intercepts include Hole AL24-105 with 0.70m of 2,976 g/t AgEq, Hole AL24-107 with 5.60m of 368 g/t AgEq, and Hole AL24-108 with 8.45m of 336 g/t AgEq.

What is the significance of Hole AL24-105 for Minaurum Gold's 2024 drill program?

Hole AL24-105 is significant as it intersected 0.70m of 2,976 g/t AgEq, demonstrating high-grade silver potential.

How does the Promontorio vein zone impact Minaurum Gold's exploration?

The Promontorio vein zone, which spans 1 km and hosts multiple veins, has shown strong mineral continuity, impacting exploration positively with high-grade silver results.

What are the next steps in Minaurum Gold's Alamos Silver Project?

Minaurum plans to continue infill and step-out drilling in the Promontorio vein zone and will target the Promontorio Sur vein zone next.

How does the 2024 drill program affect Minaurum Gold's stock symbol MMRGF?

The high-grade silver intercepts reported in the 2024 drill program are likely to positively impact investor sentiment and could influence the stock performance of MMRGF.