Minaurum doubles size of Alamos silver project in Mexico
Minaurum Gold (TSXV: MGG) has more than doubled the size of its Alamos silver project in Sonora, Mexico.
In a press release, the Vancouver-based miner said that it staked an additional 20,872 hectares, which makes the project over 37,000 hectares in size.
Minaurum also announced that its ongoing district-scale reconnaissance mapping found four new vein zones, which were named Rosario, La Dura Oeste, La Dura and Tijera.
"A total of 20 vein zones have now been recognized at the Alamos project. Systematic drilling of these veins continues with two rigs," the media statement reads.
A total of 20 vein zones have now been recognized at the Alamos project
According to the company's president and CEO, Darrell Rader, the vein zones are hosted in a 10-kilometre long by 5.5-kilometre wide corridor and they represent silver-copper mineralization along NNE-striking structures.
"The NW-SE-trending Rosario zone demonstrates potential for high-grade mineralization along a new structural direction," Rader said.
The executive also revealed that a grab sample from a small prospect pit dump at La Dura Oeste zone assayed 3.4% Cu and 30 g/t Ag. A sample of float assayed 4.2% Pb and 37 g/t Ag. At La Dura, a 0.5-m chip sample hosted in agglomeratic andesite assayed 123 g/t Ag and 2.1% Cu.
The Alamos silver project is located 8 kilometres west of the city of Alamos and 45 kilometres northwest of Pan American's Alamo Dorado silver mine.
Minaurum's corporate information states that the site contains a wide, high-grade epithermal vein system which has historically produced approximately 200 Moz of silver. However, the project has never been systematically explored.