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Aurena

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Aurena is a new gold skarn discovery that has outlined 2 gold zones open at depth and along a strike length of 1.8km. Nearby gold exploration projects include Gold Resource Corporation's El Aguila Project, Fortuna Silver's San Jose Mine and Chesapeake Gold's La Gitana Project.

Aurena is located in the southern part of Oaxaca State covering 1,035 hectares, 40km from the one of the largest trading ports, Salina Cruz.

The strength, extent, and style of skarn alteration and mineralization constitute favourable indicators for the potential discovery of similar-style prograde gold-skarn deposits, such as Fortitude, Nevada (>10 Moz Au); Hedley, B.C. (~2.5 Moz Au); and Buckhorn Mountain, Washington (~2 Moz Au). Such deposits yield grades averaging 6.0-8.0 grams of gold per ton.

Oaxaca State: Nearby Mines & Projects

Google Earth: Aurena Gold Project



Exploration Identified Gold Skarn Discovery

Aurena Gold Project Drilling Intercepts Map

 

  • Drilled 19-holes totaling 7,062 meters
  • Skarn and hornfels exposed along a 4km by 1km strike length
  • Two drill defined zones
    • First Zone: 1.8 km long Gold zone open at depth and along strike
    • Second Zone: Newly identified near surface and open in three directions
  • Drilled high grade Gold intercepts from a 19 hole, 7,062m drill program in 2011
    • 29.05m of 1.99 g/t gold including 19.15m of 2.60 g/t gold
    • 43.50m of 1.01 g/t gold including 19.50 of 1.64 g.t gold
    • Highest grade samples were 3.48 and 2.86 g/t gold
  • Aurena has two mineralized zones that remain open both along strike and down-dip.
  • The largest zone of mineralization discovered by drilling occurs along a steeply north-dipping contact between a metavolcanic package and a metasedimentary package.
  • This contact zone shows considerable structural complexity and appears to have channeled mineralizing fluids. Minaurum geologists believe that higher grades may be encountered by following the zone down dip and along strike.

 

Table: Significant Gold Intercepts from Minaurum's Drilling to Date

 

HoleFrom (m)To (m)Interval (m)Au (g/t)
AURC-11-001 115.00 118.00 3.00 1.204
143.13 148.00 4.87 0.989
including
   
144.00 145.50 1.50 1.93
160.50 181.00 20.50 1.445
including
   
165.00 173.50 8.50 2.75
and
   
179.50 181.00 1.50 1.195
300.00 302.00 2.00 1.03
AURC-11-002 39.50 47.16 7.66 1.135
including
   
44.33 47.16 2.83 2.222
AURC-11-005 0.00 29.05 29.05 1.992
including
   
8.45 27.60 19.15 2.603
including
   
8.45 15.89 7.44 2.206
and
   
22.38 26.66 4.28 4.791
AURC-11-006 4.50 48.00 43.50 1.008
including
   
4.50 13.50 9.00 1.235
and
   
28.50 48.00 19.50 1.636
AURC-11-007 34.50 40.50 6.00 0.841
125.20 149.00 23.80 0.994
including
   
134.00 149.00 15.00 1.329
AURC-11-011 208.07 209.10 1.03 1.32
AURC-11-013 128.44 138.00 9.56 0.9
including
   
128.44 129.62 1.18 1.05
and
   
134.82 138.00 3.18 1.82
AURC-11-014 269.15 272.00 2.85 0.965
AURC-11-015 99.76 100.57 0.81 0.64
AURC-11-016 0.00 3.00 3.00 1.36
62.15 65.00 2.85 0.536
242.50 243.97 1.47 0.696
AURC-11-018 30.00 44.86 14.86 0.736
including
   
30.00 34.00 4.00 1.378

 


Outlook
The Aurena project is available for joint venture.