Mr. Darrell Rader reports
MINAURUM COMMENCES DRILL PROGRAM AT CORAZONADA SILVER-ZINC PROJECT AND LAUNCHES NEW WEBSITE
Minaurum Gold Inc. has started a minimum 2,500-metre diamond drilling program on its
5,800-hectare Corazonada silver-zinc skarn project in Morelos state,
Mexico. The Corazonada project is an intrusion-centred skarn system
hosted by carbonate rocks identical to those of the numerous gold
deposits of the 15-million-ounce Guerrero gold belt as well as Esperanza
Resources' nearby one-million-ounce Cerro Jumil gold deposit. Drilling at
Corazonada will both test a prominent aeromagnetic anomaly in the
southwest portion of the project and follow up on strong silver and
zinc values from surface rock-chip sampling.
The surface exposure of the Corazonada skarn system flanks a
north-northwest-trending ridge of altered intrusive and carbonate
rocks about 8.5 kilometres long and up to 3.5 kilometres wide. Garnet and pyroxene
skarn affect both the carbonate and intrusive rocks and have
associated zinc, lead and silver mineralization. Surface rock chip
assays have returned up to 698 grams per tonne silver, 2.7 per cent zinc and 1.9 per cent lead. Project
infrastructure is excellent with good road access and electricity.
Zinifex USA Ltd. conducted an exploration program at Corazonada from
2007 to 2008 consisting of geologic mapping, surface sampling, a
helicopter-borne magnetic survey and a 2,000-metre core drilling
program. After Zinifex was merged with Oxiana Minerals to form OZ
Minerals, OZ dropped the project without drill testing the strongest
"Corazonada is a large system with similar size potential to that
of the major gold skarns of the Guerrero gold belt," remarked
Darrell Rader, president and chief executive officer of Minaurum. "Cerro Jumil began
as a silver-zinc skarn prospect, but important gold values were
intersected in drilling in the West zone, and later in surface
exploration and drilling in the southwest extension area. We believe
that the large and prominent magnetic anomaly we are targeting
represents a deeper part of the Corazonada skarn system that, in
addition to silver-zinc mineralization, may encounter gold-dominant
Minaurum is also pleased to announce the launch of its new website
with informational videos on the 15-million-ounce Guerrero gold belt,
Mexico. The Web address remains the same. The website has a
new, user-friendly interface providing visitors a clearer
understanding of Minaurum's exploration portfolio in Mexico.
The informational videos on the Guerrero gold belt are presented by
gold-skarn expert David Jones, a director and senior geologist
for Minaurum Gold. Mr. Jones's exploration model was pivotal in the
discovery of a number of gold deposits in the Guerrero gold belt,
including Goldcorp's eight-million-ounce Los Filos deposit.
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.
Quality assurance/quality control
Preparation and assaying of
drilling samples from Minaurum's projects are done with strict
adherence to a quality assurance/quality control 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 and silver 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 samples are inserted in the sample stream every
20 samples and thus represent 5 per cent of the total samples. Quality control 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
background values of gold and silver; 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,
quality control sample results are inspected for
deviation from accepted values.
We seek Safe Harbor.
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