- Minaurum Gold (MGG) has begun mobilizing drill rigs to its Alamos Silver Project
- The high-grade silver project is located in southern Sonora, Mexico
- The company anticipates drilling at least a further 15,000 metres
- Drilling will focus on defining emerging silver shoots in previously explored
- Minaurum Gold is down 1.09 per cent, trading at $0.46 at 3:11 pm ET
Minaurum Gold (MGG) has begun mobilizing drill rigs to its Alamos Silver Project.
The high-grade silver project is located in southern Sonora, Mexico.
Phase II drilling began in July 2020 and 40 holes were drilled before pausing in December 2020.
The company has begun mobilizing rigs to the project and anticipates drilling at least a further 15,000 metres.
Drilling will focus on defining emerging silver shoots in previously explored veins as well as discovering new shoots in underexplored veins. Drill targets will be 100- to 150-metre step-outs of, up- and down-dip, and along-strike of mineralized vein zones, with allowances made for plunging shoots. Minaurum is also continuing reconnaissance work to the south and west in the Alamos project to develop new target veins for later drilling.
“We have taken advantage of our COVID-19 recess to refine and refocus our exploration of the more than 26 veins we have identified in this historic camp. As we resume drilling, we will be testing a mixture of new veins and follow-up drilling of the mineralized shoots emerging in veins we’ve already begun exploring,” said Minaurum Gold Director Dr. Peter Megaw.
Minaurum Gold is a Mexico-focused explorer concentrating on the high-grade Alamos silver project in southern Sonora.
Minaurum Gold is down 1.09 per cent, trading at $0.46 at 3:11 pm ET.