- Minaurum Gold (MGG) has begun the rehabilitation of one of the largest historic underground silver mines at its flagship Alamos silver project in Sonora, Mexico
- The Promontorion Mine, which historically produced approximately 70 Moz silver and was left in mineralization, remains significantly under-explored
- It will take several months to complete initial rehabilitation to facilitate mapping and sampling of more than one kilometre of workings
- Minaurum Gold Inc. is a Mexico-focused explorer concentrating on the high-grade Alamos silver project in southern Sonora
- Minaurum Gold Inc. was down in 4.348 per cent, trading at $0.22 at 11:38 AM ET
Minaurum Gold (MGG) has begun rehabilitating one of the largest historic underground silver mines at its Alamos silver project in Sonora, Mexico.
The Promontorion Mine, which historically produced approximately 70 Moz silver and was left in mineralization, remains significantly under-explored.
It will take several months to complete initial rehabilitation to facilitate mapping and sampling of more than one kilometre of workings. This will involve securing and cleaning all underground areas and removing and stockpiling backfill for possible future processing.
Historical records indicate that the Promontorio Mine closed in 1896 and remained abandoned until the 1960s.
“Alamos is an exciting brownfields district and this underground rehabilitation program will help assess the potential for near surface deposits we can trace to depth where our drilling has encountered very attractive grades in wide veins,” noted Darrell Rader, Minaurum Gold President and CEO.
“From the get-go, we’ve believed Alamos hosts significantly more silver mineralization than the 200 Moz silver historically produced from the only three mines in the district, and our exploration emphasis to date has been on defining and exploring new targets,” he added.
Since optioning the project in August 2016 through the end of 2021, Minaurum has drilled 103 surface core holes totalling 42,317.7 m, testing 19 of the 26 veins zones identified on the project.
The historic mining zones were left relatively untouched, but surface drilling at the Promontorio vein zone, guided by limited 1960s underground drilling, identified several areas of what appear to be coherent and continuous high-grade mineralization.
Minaurum has reason to believe these areas still host significant potential for high-grade silver mineralization and should be the first area of focus of this underground rehabilitation program.
Minaurum Gold Inc. is a Mexico-focused explorer concentrating on the high-grade Alamos silver project in southern Sonora.
Minaurum Gold Inc. was down in 4.348 per cent, trading at $0.22 at 11:38 AM ET.
