The initial focus has been drilling into each vein to determine the extent of the district and to generate a prioritised inventory for subsequent systematic drilling. Drilling highlights included 3.8m grading 415 grams per tonne silver, 2.68g/t gold, 1.37% copper, 6.20% lead and 9.19% zinc, or 1,430g/t silver-equivalent.
"Our systematic approach to determining the extent of the Alamos district continues to be validated by drilling silver mineralisation in newly recognised veins outside of the historical mining areas. We now have high-grade silver intercepts in 10 of the 14 vein systems drilled to date," said president and CEO Darrell Rader.
Minaurum has completed 12,000m of drilling at Alamos since September 2018 and plans to test the remaining six veins it has identified prior to commencing follow-up drilling targeting veins with the potential to host the highest volumes of high-grade mineralisation.
Shares in Minaurum Gold (TSXV:MCG) are trading at C46¢, valuing the company at $142 million.