Minaurum Gold Inc. ("Minaurum") is pleased to announce drill results from its recently completed Phase One, 1,403 metre drilling program on the 100%-owned Capilla project in Sinaloa state, Mexico. Seven holes were drilled along a 1.2 km-long trend of parallel veins and stockwork quartz veining. Hole CA-11-02 intersected a five metre wide vein averaging 140 g/t (4 oz/T) Silver; 0.08 g/t Gold; 0.4% Lead and 1% Zinc. This intercept includes a 0.5m wide high grade zone of 1,375g/t (40 oz/T) Silver; 0.6 g/t Gold; 1.1% Copper; 3.6% Lead and 9.6% Zinc. Holes CA-11-01, 11-02, and 12-07 also intersected two additional veins. They also report significant values. The remaining four holes were drilled along strike to the south and at lower elevations, and report only anomalous values.
Phase One Drilling Highlights
|Hole||From (m)||To (m)||Interval (m)||Ag g/t||Au g/t||Cu %||Pb %||Zn %|
The Capilla project lies on the eastern flank of the historic Copala-Pánuco mining district in the western foothills of the Sierra Madre Occidental, only one hour by highway from the Mazatlan International Airport. More than 100 million ounces of silver and appreciable gold are estimated to have been historically produced from high-grade epithermal veins in the district since the early part of the 17th century.
"We are very pleased to have cut kilogram--plus silver mineralization in virgin, multistage veins, in our first drilling campaign at Capilla" stated Darrell Rader, President and CEO of Minaurum. "This high-grade style of mineralization is typical of the mineralized shoots historically mined in this historic district and we look forward to further exploration along the vein's nearly one kilometre strike length."
Minaurum Gold is a well-financed aggressive exploration company focusing on gold and silver dominant projects in Mexico that have "district-scale" exploration potential. Minaurum is currently focusing its exploration efforts in the 15M oz Guerrero Gold Belt. Including the recent drill program at Capilla, four of Minaurum's projects are scheduled to be tested by over 10,000 metres of drilling by the middle of 2012. Drilling is currently underway on the Adelita copper 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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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.