|October 19, 2010|
Minaurum Sampling Confirms Gold Mineralization At Aurena Project
|Minaurum Gold is pleased to announce the results of soil and rock sampling on its 100% owned , 17,000 hectare Aurena project in southeastern Oaxaca state, Mexico. The Aurena property consists of three mineral concessions; the 1,035-ha Aurena concession, the 1,876-ha Guelaguichi concession, and the 14,170-ha Corazón del Oro concession. A diamond drill program is planned for early 2011. |
Rock outcrop sampling from the Aurena Concession has confirmed gold mineralization. Twenty six outcrop samples assayed more than 1 gram per tonne (g/t) Au. Four outcrop samples assayed more than 5 g/t Au; the highest gold value reported was 6.46 g/t. Outcrop samples assaying greater than 1 g/t Au are concentrated in a zone 150 meters long by 50 meters wide, located in the southern part of the > 100 ppb gold soil anomaly.
The soil- and rock-sampling program on the Aurena concession portion of the project has revealed a >100 parts per billion (ppb) gold-in-soil anomaly measuring 1,000 metres east-west by 100 to 400 metres north-south. 28 soil samples within the >100 ppb Au anomaly area assayed greater than 500 ppb Au, including 7 soil samples greater than 1 g/t Au. The highest Au value in soil samples was 5.77 g/t Au.
Soil sampling has also indicated that the gold-anomalous soil continues in significant patches of 25-100 ppb Au, for a distance of 1.8 km to the southeast of the >100 ppb Au anomaly area. The anomalous area is underlain by sulfide-bearing skarn-altered sedimentary and intrusive rocks along a E/SE-W/NW-trending zone at least 3 km long and 1.5 km wide. Additionally, anomalous values of silver, lead, and zinc are present in the soil and rock sampling and are somewhat divergent from peak gold values, this could reflect zonation of the metallic mineralization.
"The results of soil- and rock-geochemical sampling at Aurena indicate potential for a robust gold system", stated Darrell Rader, Minaurum Gold's President and CEO. "The apparent metal zonation, combined with favorable rock types and persistence of gold anomalies along strike, suggests the possibility of buried mineralization away from the principal anomaly area."
The Aurena sampling program compiled 902 soil samples taken on lines 50 metres apart, with samples taken approximately every 50 metres covering an area roughly 2,700m by 1,100m. 867 rock samples were taken from outcrops in the same area.
In late 2009, the Company conducted rock-chip sampling on road cuts on the Aurena and Guelaguichi concessions. At the Aurena concession road cut, three significant intervals were revealed by systematic rock-chip sampling: 2.60 m weight-averaging 0.976 g/t Au, 16.2 m weight-averaging 0.780 g/t Au, and 7.65 m weight-averaging 0.698 g/t Au. These intervals, in addition to reports by the property vendor of a rock sample grading 8 g/t Au, and others containing visible gold, prompted the follow-up program described above.
Minaurum is continuing exploration at Aurena with soil and rock sampling, and geologic mapping along this trend, with the goal of developing targets for drilling in early 2011.
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, Santa Marta, 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. The company recently encountered Skarn mineralization at its 100% owned 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.
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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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