Minaurum Receives Drill Permits at Vuelcos Del Destino Project in Guerrero Gold Belt
Minaurum Gold Inc. ("Minaurum") is pleased to announce that it has received drill permits from The Ministry of Environment and Natural Resources (SEMERNAT) for the Vuelcos del Destino Project located in the Guerrero Gold Belt (“GGB”) in the state of Guerrero, Mexico.
A 10,000 meter drill program will test a primary central target and four peripheral targets. The drill plan was designed by Minaurum’s Senior Geologist & Director David M. Jones (credited with the discovery of the Los Filos deposit) and Stephen Maynard, Minaurum’s VP Exploration and is expected to commence in June.
Vuelcos del Destino (“Vuelcos”) represents the last large undrilled intrusive complex in the GGB. Intrusive rocks at Vuelcos consist of biotite and quartz-rich granodiorite porphyries, the same rocks that are associated with gold mineralization at Goldcorp’s Los Filos project and Torex Gold’s Morelos project. At Vuelcos these intrusions are found in a large central complex, 4 x 3 kms in size, and four peripheral areas that will be tested during a first round of drilling. The prospective area is similar in size to the original Teck-Minera Nukay joint venture which yielded the nearby Los Filos deposit. Drill testing will focus on the margins of the stock where strong calcite stockwork veining, iron oxides, and clay alteration are extensively distributed at the surface
“We look forward to getting underway with drilling at Vuelcos where we have identified many of the same classic geologic features as those found at the known gold deposits in the belt. Vuelcos represents a large-scale and previously untested exploration opportunity,” stated David Jones, Senior Geologist & Director of Minaurum Gold.
Detailed mapping, sampling, and geophysical work conducted at Vuelcos led to the recognition of the potential of the area (see News Release dated January 12, 2012) based on the coincidence of alteration (clay, hypogene oxides, jasperoid, and hornfels), pathfinder element anomalies (e.g. As, Au, Bi, Sb), and VTEM anomalies (see Minaurum Gold Photo Gallery for Technical Maps).
Minaurum Gold is a gold-copper explorer focused on its Vuelcos del Destino project in the Guerrero Gold Belt, Mexico. For more information, please visit our website at www.minaurum.com and our YouTube Minaurum Video Channel.
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Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the settlement of debt, constitute forward-looking information. In making the forward-looking statements in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum' s current beliefs as well as assumptions made by and information currently available to Minaurum, including that the Minaurum is able to obtain any required regulatory approvals. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including delays in obtaining or failure to obtain required regulatory approvals. Readers are cautioned not to place undue reliance on forward-looking statements. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.