Minaurum Releases Final Drill Results from Adelita Copper-Gold-Silver Project
21 3월 2013 - 9:08AM
Marketwired Canada
Minaurum Gold Inc. ("Minaurum") (TSX VENTURE:MGG) reports results from the final
drill holes of Ocean Park Ventures' 2012 drill program on Minaurum's
100%-controlled Adelita Cu-Au-Ag Project in southern Sonora, Mexico. The
12,000-hectare project includes four identified copper-silver-gold skarn
prospects and two porphyry-style prospects. The Adelita project lies 7 km east
of Pan American Silver's Alamo Dorado silver mine, and approximately 60 km
southeast of Frontera Copper's Piedras Verdes copper-porphyry mine.
Minaurum recovered the Adelita Property in January, 2013 as a result of Ocean
Park's default (See Minaurum Press Release of 17 January, 2013). These holes
were planned and executed by Ocean Park Resources in 2012, represent the last 3
holes drilled on the Cerro Grande skarn target and the initial 6-hole program at
the Mezquital porphyry Cu-Mo prospect. Hole CGDD-12-15 is the best of the three
recent skarn holes. It cut 3 mineralized zones, the best grading 0.99% copper
with 44 g/t silver, 0.57 g/t gold over 18.05 metres, 42 metres from surface.
Complete results are presented in Table 1 below.
CERRO GRANDE SKARN DRILLING
Minaurum drilled 8 holes at Cerro Grande in 2010, prior to the 2011-2012 Joint
Venture with Ocean Park, which followed up with another 7 holes. Ocean Park's
early 2012 program included a hole across the mineralized zone that intercepted
33.7 m of 0.91% Cu, 0.35 g/t Au and 46.6 g/t Ag; and down-dip holes that yielded
intervals of 105.20 m averaging 1.03 % Cu, 0.45 g/t Au, and 36.4 g/t Ag; and
185.95 m averaging 0.56 % Cu, 0.16 g/t Au, and 13.5 g/t Ag.
Surface mapping and drilling on the Cerro Grande skarn target demonstrate that
mineralization starts at the surface, continues to more than 300 meters depth,
and ranges from 1 to 50 m thick. Metal values range up to 5% Cu, 300 g/t Ag, and
4 g/t Au. Ocean Park's drilling extended the known vertical extent of
mineralization, but stayed entirely within the 200-m strike length established
by Minaurum's 2010 program. The Cerro Grande skarn zone can be traced on the
surface intermittently for more than 800 m. Additional mineralized zones lie
along a 4-km long mineralization-favorable contact between metasedimentary rocks
and an intrusive complex, of which Cerro Grande is the northernmost section.
"Minaurum is delighted to pick up the reins of the Adelita project after last
year's drilling program demonstrated 300 metres of down-dip extent of
copper-silver-gold skarn at Cerro Grande," said Darrell Rader, President and CEO
of Minaurum Gold. "Although key targets remain to be tested in the Mezquital
Cu-Mo porphyry area and other prospects, we will focus primarily on following
the high-grade skarn zone along strike and down dip."
Final Results of Core Drilling at Cerro Grande target:
----------------------------------------------------------------------------
From To Interval Ag Au
Hole Company (m) (m) (m) (g/t) (g/t) Cu %
----------------------------------------------------------------------------
CGDD-12-013 Ocean Park 32.95 40.15 7.20 26.4 0.417 0.79
--------------------------------------------------
49.25 50.95 1.70 10.7 0.229 0.94
--------------------------------------------------
53.90 55.65 1.75 71.2 0.836 1.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CGDD-12-014 Ocean Park 25.80 29.15 3.35 3.5 0.021 0.18
--------------------------------------------------
36.10 43.00 6.90 2.9 0.028 0.18
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CGDD-12-015 Ocean Park 5.35 10.20 4.85 13.8 0.157 0.32
--------------------------------------------------
28.25 32.40 4.15 4.4 0.1 0.18
--------------------------------------------------
42.70 60.75 18.05 44.4 0.572 0.99
----------------------------------------------------------------------------
ADDITIONAL TARGETS IDENTIFIED AT ADELITA
In addition to Cerro Grande, 2 skarn targets identified by mapping and
geochemical sampling around the contact of the Mezquital porphyry complex remain
to be tested. From Cerro Grande, the West Cerro Grande target lies 250 m to the
west, and the La Plomosa area lies about 5 km north, on the north side of
Mezquital. In addition, the Andalucia target lies 3.5 km south of Cerro Grande,
at the contact of a metasedimentary/metavolcanic package with an intrusive
complex.
The Las Trancas prospect, about 4 km southwest of Cerro Grande, presents
sericite- and hematite-altered metasedimentary and metavolcanic rocks intruded
by a quartz-eye porphyry stock that may be related to a porphyry Cu-Mo system.
Minera Kennecott conducted a 5-hole program on the property in 2005; one of the
Kennecott holes intersected 16.3 m grading 0.25% Cu, 5.7 g/t Ag, 0.07 g/t Au,
and 0.6% Zn on the south side of the porphyry intrusion. A conspicuous Au-Mo
soil geochemical anomaly on the north side of the intrusion and has not been
drilled to date. The ground covering the Las Trancas prospect was added to the
Adelita project in 2012.
Drill targets will be developed on these prospects in 2013.
MEZQUITAL PORPHYRY TARGET DRILLING
Ocean Park drilled 6 core holes totaling 1,924.65 m on the Mezquital porphyry
Cu-Mo prospect. Mezquital is marked by NE-SW trending soil and rock Cu and Mo
geochemical anomalies covering an area 2 km by 400 m that is underlain by an
intrusive complex displaying zoned alteration. Ocean Park's program returned
anomalous molybdenum values but did not test the strongest geochemical
anomalies.
To view the maps accompanying this press release, click on the following link:
http://media3.marketwire.com/docs/m320m.pdf
ABOUT MINAURUM
Minaurum Gold is primarily focused on its projects in the Guerrero Gold Belt,
Mexico. Surface work continues at the Vuelcos del Destino, El Porfido, and
Jackie projects. For more information, please visit our website at
www.minaurum.com and our You Tube Minaurum Video Channel
(http://www.youtube.com/user/minaurumgold).
Qualified Person: Mr. Stephen R Maynard, M.S., C.P.G., is a qualified person as
defined in National Instrument 43-101 and supervised the preparation of the
technical information in this release.
ON BEHALF OF THE BOARD
Darrell A. Rader, President and CEO
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this
release, including statements regarding the drilling results and geological
interpretations and exploration plans for the Adelita project 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, future events or otherwise, except as required by
law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Minaurum Gold Inc.
Sunny Pannu
Investor Relations Manager
(778) 330 0994
info@minaurum.com
www.minaurum.com
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