Minaurum Gold Inc. ("Minaurum") announces that it has commenced a first phase 3,000 metre drill program at its 17,000 hectare Aurena Gold Skarn project in Oaxaca State, Mexico. Ten to fifteen holes will be drilled, initially on the Aurena Target where Minaurum recently outlined coincident high grade gold-in-soil and rock chip anomalies covering an area 1,000 m east-west by 100 to 400 m north-south. Approximately 30% of the rock chip samples in the area assayed more than 1 gram per tonne (g/t) Au; the highest gold value was 6.46 g/t. Similarly, 30% of the soil samples assayed greater than 0.5 g/t Au; the highest Au value in soils was 5.77 g/t Au (See Press Release dated October 19, 2010).
An airborne magnetics and VTEM geophysical survey covering the entire Aurena property was recently completed. Results are currently being analyzed. Pro-grade gold skarns such as Aurena, commonly have strong geophysical signatures and it is expected that the airborne survey will improve targeting in the immediate area as well as help recognize additional mineralized centres within the property.
"We are very excited to begin drilling this large, high-grade coherent gold anomaly located on the Aurena project. Surface work completed to date has already generated numerous additional targets to test during this drill program and we expect the recently completed magnetics and VTEM survey to significantly add to our known targets", stated Darrell Rader, Minaurum Gold's President and CEO.
Several drill holes are also planned elsewhere within the 3 km long by 1.5 km wide, ESE-WNW belt of sulfide-bearing and skarn-altered sedimentary and intrusive rocks that host the Aurena Target. Soil sampling within the immediate 1.8 km long projection of the Aurena Zone has revealed significant areas of 25-100 ppb Au. The Company is also planning to drill three to four holes for the Guelaguichi target area in the northeastern part of the project, where similar alteration and geochemical results have been recognized.
David M Jones, the geologist from whom Aurena has been optioned, has designed the current drill program. Mr. Jones is credited with the discovery of the Los Filos Gold Skarn deposit, the flagship deposit of Goldcorp's 9M oz Guerrero Gold Belt holdings and he early on recognized Aurena's potential as a gold Skarn system. Infrastructure on the project is excellent with paved roads and power lines crossing the claims.
Minaurum Gold is a gold and silver explorer focusing on gold-dominant metals deposits in Mexico. The Company is currently advancing a portfolio of projects including the Aurena gold-skarn project.
Energold Drilling is performing the work with a low-impact, highly-portable drill. Geotech Ltd is conducting the helicopter-borne Magnetics and Versatile Time-Domain Electromagnetic (VTEM) survey over Aurena.
Qualified Person: Mr. Stephen R Maynard, M.S., C.P.G., 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.
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
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Forward Looking Statement: Some of the statements contained in this press release are forward-looking statements. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control, including, but not exclusively, statements regarding potential mineralization, exploration results, completion of work program and studies, and future plans and objectives of the Company. Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources but from finding mineral deposits which, though present, are insufficient in quantity and quality to return a profit from production.