|January 12, 2012|
Minaurum Outlines Drill Targets at Vuelcos Del Destino in the Guerrero Gold Belt
|Minaurum Gold Inc. ("Minaurum") is pleased to announce that it has outlined multiple coincident geological, geochemical, and geophysical targets at its 8,831-hectare Vuelcos del Destino ("Vuelcos") project in southern Mexico. The Vuelco's project lies 20km from Goldcorp's 9Moz Los Filos Gold Mine within the 15M oz Guerrero Gold Belt ("GGB"). The property was acquired from geologist David M. Jones, who is credited with the discovery of the Los Filos deposit. Drill permitting is underway.|
Target identification at Vuelcos is based on the results of recent reconnaissance geological mapping, stream-sediment sampling and a property-wide airborne Variable Time-Domain Electromagnetic (VTEM) and magnetic survey. This work has helped to confirm the similarity of Vuelcos geology to that of the Los Filos Mine.
VTEM and magnetic surveys played a significant role in the discovery of the multiple deposits that make up the Los Filos Mine Project. At Vuelcos, the surveys have outlined three targets that coincide with a 2-km diameter granodiorite porphyry stock that is typical of Guerrero Gold Belt intrusions. Alteration and structural features within the stock are identical in nature to those seen in the Los Filos deposit. Stream-sediment geochemical anomalies coincide with the stock outline and with geophysical targets delineated by the airborne survey.
Three additional geophysical targets discovered lie in the southwest corner of the property where Mezcala Formation sandstone and siltstone overlie limestone of the Morelos Formation. EM and magnetic anomalies correlate with the Morelos-Mezcala contact adjacent to a recently identified andesite-granodiorite intrusive complex. The Morelos-Mezcala contact zone is the most important ore host at Torex Gold's 3.9M oz Au El Limon and Los Guajes deposits and Cayden Resource's Mina Verde deposit.
"The discovery of multiple significant targets at Vuelcos has allowed Minaurum to advance exploration to the stage of target definition and drill hole selection", stated Darrell Rader, President and CEO of Minaurum Gold. "Drill permitting is expected to be completed during the first half of 2012."
Resource and project data cited in this report were taken from the websites of Goldcorp Inc (www.goldcorp.com), Torex Gold Resources Inc (www.torexgold.com), and Cayden Resources Inc (www.caydenresources.com).
Minaurum is also pleased to announce that it has signed a 12 month contract with its Investor Relations Manager, Sunny Pannu. Compensation has been set at $5900 per month. For more information pertaining to Mr. Pannu please refer to NR#12, dated December 1, 2011.
Minaurum Gold is an exploration company focusing on gold and silver dominant projects in Mexico that have "district-scale" exploration potential. In addition to its four projects in the Guerrero Gold Belt, Minaurum is currently drilling its Capilla silver project as well as advancing its flagship Aurena project.
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
For more information, please contact:
Sunny Pannu -- Investor Relations Manager
(778) 330 0994 or via email at email@example.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Quality Assurance/Quality Control: Preparation and assaying of drilling samples from Minaurum's Aurena project are done with strict adherence to a Quality Assurance/Quality Control (QA/QC) protocol. Core samples are sawed in half and then bagged in a secure facility near the site, and then shipped by a licensed courier to ALS Minerals' preparation facility in Guadalajara, Jalisco, Mexico. Pulps of the samples are prepared in Guadalajara, from where they are shipped to Vancouver for chemical analysis by ALS Minerals. Samples are analyzed for gold by fire assay and ICP/AES on a 50-gram charge. In addition, analyses are done for a 51-element suite using aqua regia digestion and ICP analysis. Quality-control (QC) samples are inserted in the sample stream every 20 samples, and thus represent 5% of the total samples. QC samples include standards, blanks, and duplicate samples. Standards are pulps that have been prepared by a third-party laboratory; they have gold values that are established by an extensive analytical process in which several commercial labs (including ALS Minerals) participate. Standards test the calibration of the analytical equipment. Blanks are rock material known from prior sampling to contain less than 0.005 ppm gold; they test the sample preparation procedure for cross-sample contamination. In the case of duplicates, the sample interval is cut in half, and then quartered. The first quarter is the original sample, the second becomes the duplicate. Duplicate samples provide a test of the reproducibility of assays in the same drilled interval.
When final assays are received, QC sample results are inspected for deviation from accepted values. To date, QC sample analytical results have fallen in acceptable ranges on the Aurena project.
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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