- Minaurum Gold Inc. (MGG) shares results from its Phase II drilling program at its Alamos Silver Project in Sonora, Mexico
- Drilling at the Alessandra vein recently discovered a blind Ag-Cu-Pb-Zn skarn that is open in all directions
- The highlighted results from this vein are 11.05 metre at 120 g/t Ag, 1.12 per cent Cu, 0.37 per cent Pb, and 1.79 per cent Zn
- This is while ongoing drilling at Europa-Guadalupe continues to delineate a high-grade mineralized vein system that is extended by 40 per cent, or least 800 metres in length
- Notable results from the Europa-Guadalupe vein zone include 1.60 metres at 247 g/t Ag, 1.65 metres at 240 g/t Ag, and 2.25 metres at 228 g/t Ag
- Minaurum Gold Inc (MGG) is up 3.125 per cent and is trading at $0.33 per share at 4:12 p.m. ET
Minaurum Gold Inc. (MGG) has shared results from the Phase II drilling program at its Alamos Silver Project in Sonora, Mexico.
Drilling at the Alessandra vein recently discovered a blind Ag-Cu-Pb-Zn skarn that is open in all directions.
Hole AL21-085 cut a 11.05-metre mineralized zone at a vertical depth of approximately 450 metres in skarn-altered limestone in the footwall of the Alessandra fault.
The highlighted results from this hole are 11.05 metre at 120 g/t Ag, 1.12 per cent Cu, 0.37 per cent Pb, and 1.79 per cent Zn.
This is while ongoing drilling at Europa-Guadalupe continues to delineate a high-grade mineralized vein system that is extended by 40 per cent, or least 800 metres in length.
Europa-Guadalupe remains open at depth and along strike.
Notable results from the Europa-Guadalupe vein zone include 1.60 metres at 247 g/t Ag, 1.65 metres at 240 g/t Ag, and 2.25 metres at 228 g/t Ag.
Three more holes were completed in the south-central part of the Europa zone.
Hole AL21-086 encountered significant mineralization in the granodiorite footwall of the andesite/granodiorite contact.
AL21-088 cut a 21.85-m-wide zone of mineralization that included a 0.40-m section grading 304 g/t Ag in the immediate hanging wall of the contact.
Darrell Rader, Minaurum President and CEO, stated “our strategy of drilling sizable step-outs continues to return excellent hit rates as we discovered both a significant new polymetallic skarn system at the Alessandra target in addition to expanding the mineralized strike of the Europa-Guadalupe vein system by 40 per cent”.
“With both targets remaining open along strike and at depth, we look forward to updating the market as drilling continues”.
Minaurum Gold Inc. (MGG) is up 3.125 per cent and is trading at $0.33 per share at 4:12 p.m. ET.