Minaurum Gold Inc. ("Minaurum") announces that it has expanded the ongoing core-drilling program on its 100%-owned flagship Aurena gold skarn project in Oaxaca State, Mexico to 5,000 metres, up from 3,000 metres. The first 8 drill holes tested an area measuring 400m by 400m in the core of a surface gold geochemical anomaly 3 km long and 1.5 km wide. Sulfide-bearing skarn-altered metasedimentary rocks similar to those cropping out in the anomaly area have been cut in every hole. Assays are pending.
To date at Aurena, 2900 metres have been drilled and Minaurum anticipates drilling an additional 4 to 5 holes along the high-grade surface anomaly trend before testing outlying geochemical, geological, and geophysical targets. Assays of core samples will be released in batches of 3-4 holes with geologic interpretations of the results. Samples from the first two holes are in the laboratory undergoing analysis, samples from the remaining holes are being sent out weekly. The first results are expected in April.
Minaurum's initial target at Aurena is a high-grade gold-in-soil and rock¬-chip anomaly covering an area 400m east-west by 100 to 400m north-south in which approximately 30% of the rock chip samples assayed more than 1 gram per tonne (g/t) Au with the highest gold value at 6.46 g/t. Similarly, 30% of the soil samples assayed more than 0.5 g/t Au; the highest Au value in soils was 5.77 g/t (See News Release dated October 19, 2010). The high grade anomaly lies within a geochemically, geologically, and geophysically defined trend extending more than 3 km and measuring up to 1.5 km wide.
Minaurum Gold is an explorer focusing on gold-dominant metals deposits in Mexico. The Company is currently advancing a portfolio of projects including the Aurena gold-skarn 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
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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.