Minaurum Increases Drill Program at Aurena Gold Project to 5000m
posted on
Apr 04, 2011 06:57AM
Edit this title from the Fast Facts Section
2011-03-28 12:46 ET - News Release
Mr. Darrell Rader reports
MINAURUM INCREASES DRILL PROGRAM AT AURENA GOLD PROJECT TO 5000M
Minaurum Gold Inc. has expanded the continuing core-drilling program on its 100-per-cent-owned flagship Aurena gold skarn project in Oaxaca state, Mexico, to 5,000 metres, up from 3,000 metres. The first eight drill holes tested an area measuring 400 metres by 400 m in the core of a surface gold geochemical anomaly three kilometres long and 1.5 km wide. Sulphide-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, 2,900 metres have been drilled, and Minaurum anticipates drilling an additional four to five 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 three to four 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 400 m east-west by 100 m to 400 m north-south in which approximately 30 per cent of the rock-chip samples assayed more than one gram per tonne gold with the highest gold value at 6.46 g/t. Similarly, 30 per cent 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 in Stockwatch dated Oct. 19, 2010). The high-grade anomaly lies within a geochemically, geologically and geophysically defined trend extending more than three km and measuring up to 1.5 km wide.
Qualified person
Stephen Maynard, MS, CPG, 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.
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