Minaurum Gold Inc. (“Minaurum”) is pleased to report it has regained control of the Santa Marta VMS copper-gold project in Oaxaca, Mexico from Lowell Copper Ltd. (“Lowell”). Due to current market conditions, Lowell elected to withdraw from its option which was initiated in December 2013 (see Minaurum Press Release dated December 20, 2013).
Santa Marta is a copper-gold bearing volcanogenic massive sulfide system (VMS) which is exposed at the surface along a 700 meter strike length and remains untested by modern exploration methods. Geologic expert Dr. James Franklin considers the system to have geologic features characteristic of many important large VMS districts (see Minaurum Press Release dated June 19, 2013).
“We are pleased to have the Santa Marta project returned to us with both the drill permitting process well underway and a significant portion of the permitting costs already incurred. We would like to thank Lowell for their interest in the Santa Marta project and look forward to their continued involvement with Minaurum as long-term shareholders” stated President and CEO, Darrell Rader.
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 (http://www.minaurum.com/s/VideoGallery.asp).
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
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Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the intended use of proceeds, 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 government or other regulatory approvals, equipment and personell for its planned operations and that actual results of exploration activities will be consistent with management’s expectations. 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 actual results of Minaurum’s operations being different than those expected by management and delays in obtaining or failure to obtain required government or other regulatory approvals, equipment, personnel or financing. 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.