Vancouver, British Columbia – Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (“Minaurum”) is pleased to announce that it has acquired a 100% interest in five royalty-free claims covering the core portion of the Aurifero high-grade gold project in Sonora, Mexico. Minaurum has also extended its option agreement to acquire the remaining claims by another three years. Located near Minaurum’s flagship 100% owned and production permitted Alamos silver project, Aurifero has seen more than 8,000 meters in 4 drilling campaigns (reverse-circulation and core) since the 1980s (see Minaurum news release dated January 29, 2020).
Highlights of historical drilling include:
- 58 m of 3.65 g/t Au (Hole CI-09)
- 24.5 m of 3.12 g/t Au (Hole 07-MN-10)
- 7.60 m of 7.97 g/t Au including 3.10 m of 18.37 g/t Au (Hole DMDDH-01)
- 42 m of 1.70 g/t Au (Hole CI-22)
- 24 m of 2.42 g/t Au (Hole CI-34)
- 48 m of 1.47 g/t Au (Hole CI-35)
- 11.80 m of 2.9 g/t Au (Hole 07-MN-02)
“With these acquisitions, we now control over 95% of this high-grade gold district,” stated Darrell Rader, President & CEO of Minaurum Gold. “We are excited by the robust gold grades returned by shallow historical drilling that averaged depths of less than 100 m with the deepest reaching a vertical depth of only 135 m. We believe these highly exposed gold veins have the potential to coalesce into a single substantial gold system at depth.”
The Aurifero project lies 35 km northwest of Minaurum’s flagship Alamos silver project and 26 km northwest of Mexico’s third largest copper mine, Cobre Del Mayo’s Piedras Verdes mine (Figure 1). Minaurum first acquired concessions at Aurifero when the Company entered into an option agreement to acquire 23 concessions covering 1,198 hectares (see Minaurum news release dated January 29, 2020). The option contract was amended in 2024 to extend payments to January 2028 (Table 1). Minaurum acquired 5 new royalty-free concessions totaling 150 hectares, bringing the total land package to 1,348 hectares and consolidating the district.
Aurifero contains a swarm of gold- and silver-bearing epithermal veins in a zone more than 400-m wide over a strike length of 3 km. Although a significant amount of historical drilling has taken place at Aurifero, none of the historical drilling reached depths of more than 135 m from the surface. Some of the deepest holes ended in mineralization. Subsequent core re-logging and geological modelling by Minaurum geologists indicate that past exploration cut the highest levels of a gold-silver-bearing epithermal vein system.
Figure 1. Plan view map of the Aurifero gold project concessions.
Table 1. Amended option schedule to earn 100% interest on the original 1,198-hectare package in the Aurifero project (all amounts in US$).
| MILESTONE | CASH | NOTES |
| Signing | $84,120 | Paid. Back taxes were subtracted from principal amount $144,000 |
| 6 months | $35,000 | Paid |
| 12 months | $25,000 | Paid |
| 18 months | $25,000 | Paid |
| 24 months | $25,000 | Paid |
| 30 months | $25,000 | Paid |
| 36 months | $25,000 | Paid |
| 42 months | $25,000 | Paid |
| 48 months | $25,000 | Paid |
| 54 months | $25,000 | Paid |
| 60 months | $22,000 | |
| 66 months | $22,000 | |
| 72 months | $22,000 | |
| 78 months | $22,000 | |
| 84 months | $22,000 | |
| 90 months | $22,000 | |
| 96 months | $2,175,000 | |
| Total: | $2,686,000 |
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Source: Minaurum Consolidates Land Package at Aurifero Gold Project
