|July 13, 2010|
Minaurum Outlines Two Significant Gold Targets and Commences Drilling at Adelita Project
|Minaurum Gold Inc. (the "Company" or "Minaurum") is pleased to announce that it has outlined two large gold targets, the Cerro Grande Au-Ag-Cu-Zn skarn target and the Mezquital Au-Cu-Mo porphyry target, and initiated a minimum 2000 meter core drilling program at its Adelita project in Sonora and Sinaloa states, Mexico.|
Drilling will test both the Cerro Grande skarn target and the Mezquital porphyry target. At the Cerro Grande target, drilling will at first focus on mineralization exposed in old workings with holes spaced 100 meters apart, and then pursue soil geochemical anomalies with holes spaced 200 meters apart. At Mezquital, drilling will focus on areas of anomalous gold values in soil sampling. The Mezquital area consists of a >100 ppm copper anomaly measuring 2 km long by 500 meters wide within which the gold-in-soil anomalies occur. Drilling of the gold targets will provide a simultaneous test of potential copper- and molybdenum-porphyry mineralization.
The Cerro Grande target consists of silver and zinc anomalies coinciding with garnet skarn over an area roughly 1 x 1.5 km. Silver and zinc anomalies are especially noteworthy, with extensive areas of >1 ppm Ag and > 0.1 % Zn. Gold and copper anomalies are more restricted.
The Mezquital copper anomaly is partially overlapped by a molybdenum soil anomaly with values exceeding 25 ppm. Strongly anomalous gold values, with 2 soil samples assaying > 1 ppm Au, are reported from the same area. Variably altered intrusive rocks underlie the Mezquital area. The presence of Cu and Mo suggests a porphyry copper-molybdenum system at Mezquital.
Drilling will be performed by Major Drilling of Hermosillo, Sonora, Mexico, using a man-portable drill rig. Drill samples will be handled with appropriate quality control measures.
Minaurum Gold is a gold and silver explorer focusing on the acquisition and development of economic precious metals deposits in Mexico. The Company is currently advancing the Adelita, Aurena, Capilla, and Vuelcos del Destino projects.
Qualified Person: Mr Stephen R Maynard, M.S., C.P.G., has acted as the qualified person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this release.
On behalf of the Directors of Minaurum Gold Inc.
"Darrell A. Rader"
President and CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
1500 - 409 Granville St.
Vancouver, BC V6C 1T2
Telephone 778 330-0994
Forward Looking Statement: Some of the statements contained in this press release are forward-looking statements. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control, including, but not exclusively, statements regarding potential mineralization, exploration results, completion of work program and studies, and future plans and objectives of the Company. Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources but from finding mineral deposits which, though present, are insufficient in quantity and quality to return a profit from production.
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