|October 06, 2010|
Minaurum Drills Copper-Gold-Silver Skarn Mineralization at Adelita
|47 Metres of 0.98% Cu, 46 g/t Ag, 0.46 g/t Au and 16 Metres of 1.97% Cu, 73 g/t Ag, 0.84 g/t Au|
Minaurum Gold Inc. (the "Company" or "Minaurum") is pleased to announce the first four holes of its ongoing diamond drill program on the Cerro Grande skarn target at its 100%-owned, 11,300-hectare Adelita Project in northwestern Mexico. The first two holes drilled demonstrate the continuity of mineralization down-dip from the old workings and indicate that the mineralized zone thickens with depth in this section. The zone remains open at depth and along strike to the north.
Hole CGDD-10-001 intersected 16.15 metres of 0.835 g/t Au, 73 g/t Ag, and 1.97% Cu, from 35.65 to 51.80 metres. This interval includes a 5.33-metre zone grading 1.123 g/t Au, 85 g/t Ag, and 2.34 % Cu from 35.65 to 40.98 metres. Hole CGDD-10-002 cut a 47.64-metre zone grading 0.462 g/t Au, 46 g/t Ag, and 0.98% Cu, from 35.57 to 83.21 metres. The zone includes a 6.31-metre interval grading 2.230 g/t Au, 238 g/t Ag, and 3.56% Cu, from 63.40 to 69.71.
Hole CGDD-10-004 intersected 11.20 metres of 0.587 g/t Au, 40 g/t Ag, and 0.33% Cu from 184.79 to 195.99 metres. The interval included a 2.88-metre zone of 1.285 g/t Au, 97 g/t Ag, and 0.24% Cu from 189.89 to 192.77 metres. Hole CGDD-10-003 intersected skarn and hornfels with traces of mineralization.
The on-going 2,000-metre drilling campaign at Cerro Grande is aimed at testing Au-Ag-Cu skarn mineralization over an area roughly 1000 x 1500 metres. The Cerro Grande target is one of several target areas identified at the Adelita project. The Mezquital target area, a 500 x 2000 metres Cu-Mo soil anomaly lies 2.5 km to the west of Cerro Grande; Minaurum geologists believe it represents a porphyry copper system that is related to nearby skarn mineralization.
"We are very pleased to have encountered such encouraging mineralization in our first holes at Adelita", said Darrell Rader, Minaurum Gold President. "The Cerro Grande skarn target is one of several high-grade targets that we believe may be related to a nearby porphyry copper system."
Table 1. Summary of weight-averaged assays from mineralized intervals in holes CGDD-10-001, CGDD-10-002, and CGDD-10-004, Cerro Grande skarn target, Adelita project.
Gold assays were determined by fire assay/ICP on a 50-gram charge. Silver and copper assays were done using aqua regia digestion and ICP/AES analysis.
Holes CGDD-10-001 and -002 are angle holes drilled at -50 degrees and -70 degrees from horizontal, respectively. They were aimed to intersect the down-dip projection of mineralization encountered in a small mine adit. Hole CGDD-10-003 is an angle hole drilled at -50 degrees, aimed at the projection of the same mineralized zone, 100 meters along strike to the south of holes CGDD-10-001 and -002.
The mineralized zone encountered in holes CGDD-10-001 and CGDD-10-002, as well as in the small mine adit, is a north- to north-northwest trending, near-vertical zone of garnet skarn that has been traced for over 180 meters on the surface. A geologic cross section of the drill holes and mine adit indicates that the mineralized zone thickens with depth. In CGDD-10-003, 100 meters to the south of the mine adit and the first two holes, weakly mineralized skarn was intersected on target. In drill hole CGDD-10-004, which was collared 100 metres to the north of holes CGDD-10-001 and CGDD-10-002, mineralization occurs in garnet skarn that appears to be a continuation of the zone encountered in those holes.
Minaurum Gold is a gold and silver explorer focusing on the acquisition and development of precious metals deposits in Mexico. The Company is currently advancing the Adelita, Aurena, Capilla, Vuelcos del Destino, El Pórfido and Jackie Projects. These projects have been optioned from some of the most successful project generators in Mexico; David M. Jones and Dr. Peter K.M. Megaw with his associates in IMDEX Inc. and Minera Cascabel. Drilling is currently underway at the Adelita Project in southern Sonora State.
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 BOARD
"Darrell A. Rader"
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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