Minaurum Gold Inc. ("Minaurum") is pleased to announce the results of the last nine drill holes of its first phase program at its Aurena gold-skarn project in southern Mexico. These holes were drilled as step outs along a 1.8 km trend leading away from hole AURC-11-001 that intersected 20.50 m averaging 1.45 g/t Au. (See press release dated May 9, 2011) Significant gold values were intersected in six of the holes. These results indicate that a second mineralized trend, distinct from the one intersected in holes AURC-11-005 to 007 has been discovered. Mineralization along both trends remains open both along strike and down-dip.
A second phase drill program will be undertaken during the first half of 2012, primarily focusing on tracing the mineralization encountered in Phase 1 towards its source. Initial drilling results show that mineralizing fluids migrated along well-defined structures and contacts. The overall strength of the skarn system indicates that higher grade and larger-scale zones should exist nearby in Minaurum's 18,554-hectare claim holdings.
Highlights from the second zone include:
|Hole||From (m)||To (m)||Interval (m)||Au (g/t)|
To view a map of all of the drill holes, including those in this press release, please follow the hyperlink below: http://www.minaurum.com/i/maps/Aurena2011DASMap.gif.
The holes were drilled to the southwest to intersect a steeply north-dipping contact zone. The most intense mineralization known from drilling occurs along the contact between an upper metavolcanic package and a lower metasedimentary package. This contact zone shows considerable structural complexity and appears to have channeled mineralizing fluids. Hole AURC-11-001 was the deepest intersection of the contact zone and it intersected the strongest values encountered to date in it: 20.50 m averaging 1.4 g/t Au from 160.50 m to 181.00 m down-hole depth. Two individual samples ran more than 4 g/t Au in this interval. Minaurum geologists believe that higher grades may be encountered by following the zone down dip.
Minaurum carried out its 2011 diamond drill program at Aurena in an environmentally and sensitive manner using a man-portable drill. A total of 7,062 metres was drilled in 19 holes at Aurena in 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 the Aurena gold-skarn project, Minaurum has seven additional projects being advanced.
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
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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.