Minaurum Identifies Numerous High-Grade Gold-Silver Targets at Jackie Project, Mexico
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/15/13 -- Minaurum Gold Inc. ("Minaurum") (TSX VENTURE: MGG) is pleased to announce the identification of four new target zones at its 10,783 hectare Jackie gold-silver project in Guerrero State, Mexico. The skarn/porphyry project is located within 70 kilometers of the Guerrero Gold Belt ("GGB") and shares important geological characteristics with the mines of that district. Jackie was staked by David M. Jones who was responsible for the discovery of Goldcorp's Los Filos mine in the GGB.
La Sorpresa Target
Identified outcropping granodiorite and associated skarn-altered and recrystallized limestone (the La Sorpresa area) measures roughly 1.5 by 1.0 km. Rock sampling yielded values as high as 1.2 g/t Au and 1200 g/t Ag.
NW-SE Trending Targets
Two NW-SE mineralized trends have been identified. A series of mine workings dating to the 1900s attests from the first trend indicate significant widths of silver mineralization over a strike length of at least one kilometre. The second trend, the El Capire zone, is associated with skarn and recrystallized limestone similar to the La Sorpresa zone, and lies roughly 2 km to the southwest of the first zone. The zone has yielded strong values of arsenic and antimony, important pathfinder elements in the GGB. Recent sampling of dump material from a shaft on a NW-SE-striking vein yielded values as high as 14.3 g/t gold and 2688 g/t silver.
NE-SW Veins/Shears
An area of northeast-southwest jasperoid vein/shear zones associated with Ag/Au mineralization lies in the southwest/central part of the project area. Sampling in this zone previous to Minaurum's involvement has reported a gold value of 6 g/t Au, and numerous silver values in excess of 100 g/t, including samples assaying 1200 g/t Ag and 1410 g/t Ag.
To date, Minaurum's sampling at Jackie has included 71 stream-sediment samples, 85 rock-chip samples, and 175 soil samples. Stream-sediment sampling showed anomalous values ranging up to 76 parts per billion (ppb) gold and 2.6 parts per million (ppm) silver in addition to anomalous values of the pathfinder elements arsenic, antimony, and bismuth. These anomalous samples correspond to areas of skarn-altered intrusive diorites and Morelos Formation limestone, similar to the geological settings of the Guerrero Gold Belt. An airborne VTEM/magnetic survey was completed in 2011. A strong magnetic high underlies the areas of all of the identified target zones and measures about 8 km NE-SW by 4 km NW-SE.
"As Minaurum continues to drill permit its flagship Vuelcos del Destino project located in the Guerrero Gold Belt, we are pleased to continue advancing our other projects in the vicinity to the drill stage," commented Darrell Rader, President and CEO of Minaurum. "At Jackie, we are pleased to have discovered several GGB style targets as well as returning significant high-grade silver and gold results."
Minaurum Gold is focused on its projects in the Guerrero Gold Belt, Mexico. Surface work continues at the Vuelcos del Destino, El Porfido, and Jackie projects. For more information, please visit our website at www.minaurum.com and our You Tube Minaurum Video Channel.
ON BEHALF OF THE BOARD
Darrell A. Rader, President and CEO
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release constitute forward-looking information. In making the forward-looking statements in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum' s current beliefs as well as assumptions made by and information currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
Minaurum Gold Inc.
Sunny Pannu
Investor Relations Manager
(778) 330 0994
info@minaurum.com
www.minaurum.com