Minaurum Gold Inc. (the "Company" or "Minaurum") is pleased to announce the appointments of Dr. Peter Megaw and David M. Jones to the Board of Directors.
Dr. Peter K.M. Megaw is the President of IMDEX/Cascabel and co-founder of Minera Cascabel, MAG Silver, and Minera Mariposa. Dr. Megaw has been working as a geologist in Mexico for 30 years and is credited with significant discoveries at Mag Silver's Juanicipio-Fresnillo, Zacatecas, Platosa, Durango; and Cinco de Mayo, Chihuahua. He and his associates also put together the Mexican property portfolio now held by Lakeshore Gold and arranged the acquisition of X-Strata's Latin American holdings by Linear Gold.
Dr. Megaw is a frequent key speaker at various international academic and technical symposia and has been published extensively. He is considered an expert on Carbonate Replacement Deposits and Epithermal Vein Deposits. Peter has served on the Board of MAG Silver since 2005, and Candente Gold since 2009. In 2003, Peter's group teamed with David Jones to form Minera Mariposa through which several of Minaurum's properties were obtained.
David M. Jones is a graduate of Dartmouth College and the University of Arizona (M.S. 1987) with over 30 years experience in mineral exploration and project management. As Chief Geologist of Teck's Nukay Project from 1994-1999, Mr. Jones is credited with the geologic modeling that led to the discovery of the Los Filos gold-skarn deposit, which became Mexico's largest gold producer (Goldcorp Inc.) in 2010. Application of his model to other properties in the region dramatically expanded the conceptual extent of the Guerrero Gold Belt and led to the discoveries of El Limon and Los Guajes, also major gold-skarn deposits.
He has published numerous technical articles and is considered to be the foremost expert on Guerrero Gold Belt type deposits. Mr. Jones has worked extensively throughout the Guerrero Gold Belt for clients including Wheaton River, Peñoles, Grupo Mexico, Torex and a number of Canadian juniors. David co-founded Minera Mariposa with Dr. Megaw's team in 2003 and Minera Zalamera in 2006. His exploration work led to the acquisition of the portfolio of gold properties in and around the Guerrero Gold Belt acquired by Minaurum from Minera Mariposa and Minera Zalamera.
"Dr. Peter Megaw and David Jones played integral roles in generating Minaurum's portfolio of Mexican gold and copper properties and their knowledge and experience with skarn, epithermal and porphyry mineralization in Mexico will play a key role in advancing Minaurum Gold to the next level" stated Darrell Rader, Minaurum Gold's President and CEO.
Minaurum also announces the resignation of Aaron Keay from the Board of Directors. The Board wishes to thank Aaron for his contributions to the Company.
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 a portfolio of projects including the Aurena Gold skarn project. At the Aurena project, drill permitting is currently underway and a drill program is anticipated to commence in early 2011.
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.