- Minaurum Gold Inc. (MGG) has acquired historical data regarding its Alamos silver property in Mexico
- The records date between the 1960’s and the 1980’s
- Highlights from the data include 4.6 metres of silver at 2,838 grams per tonne and 11.3 metres of silver at 785 grams per tonne.
- Minaurum Gold Inc. is currently undertaking a 10,000-meter exploration project at Alamos.
- The company has stated that the data suggested an undeveloped silver vein in the west of the property.
- Minurum Gold Inc. (MGG) was up 5.32 per cent, with shares currently trading at C$0.50.
Minaurum Gold Inc (MGG) have acquired historical exploration records for their Alamos property in Mexico.
The records include 4.6 metres of silver at 2,838 grams per tonne and 11.3 metres of silver at 785. Grams per tonne.
the mines at Alamos were first operational from the 17th to the late 19th century. It was rehabilitated by the Alamos Mining Company in the mid 20th century.
The lifetime production of the area since its discovery is more than 200 million ounces of silver.
The historical records regard a number of holes explored for their silver potential, by the Alamos Mining Company, though the 1960’s to the 1980’s.
The company claims the historical reports suggest the existence of an undeveloped vein on the property.
Darrell Rader, President and CEO of Minaurum Gold, stated “Minaurum’s Phase I drilling demonstrated the district-scale potential for high-grade veins at Alamos.”
“The acquisition of this data adds another dimension to the project by providing low-to- no-cost geologic answers for areas that Minaurum would otherwise have had to drill, while revealing high-potential targets for immediate drilling around the old mines,”
Mr Rader went on to not that the new targets delineated by the records will be added to the growing list of potential targets on the property.
The company has stated that the records came from a local resident.
Minurum Gold Inc. (MGG) was up 5.32 per cent, with shares currently trading at C$0.50.