Vuelcos del Destino
Project
Vuelcos del Destino
Commodity
Gold
Location
Guerrero Gold Belt
Nearest City
Chilpancingo
Nearest Major Mining Projects
Equinox Gold's Los Filos & El Bermejal deposit
Torex Gold’s El Limon/Guajes mine and Media Luna deposit
Argonaut Gold’s Ana Paula Deposit
Alamos Gold’s Esperanza Deposit
Development Stage
Drill Ready
Geology
Skarn-Porphyry
Land Package
8,831 has
Exploration Highlights
Largest un-drilled intrusive complex in GGB
Access & Infrastructure
Excellent infrastructure with paved roads, power grid and Mexican mining labour force
Project Interest
Under option to acquire 100% interest
Project
Vuelcos del Destino is the largest single untested gold skarn target intrusive complex measuring 12 sq km, located on the southeastern portion of the Guerrero Gold Belt ("GGB"). Several million ounces of gold has been discovered along this mineralized trend since the 1990s which continues to increase with further brownfields resource expansion and new greenfields discoveries. Current producing mines include Equinox Gold's Los Filos mine and Torex Gold's ELG Complex, and deposits include Argonaut Gold's Ana Paula deposit, Alamos Gold's Esperanza deposit and Altaley Mining Corporation's Campo Morado mine. One of the first operating mines was the Nukay mine which historically produced 290,000 oz.
Project terms include completing cash and share payments of i) USD $355,000 cash ii) issuing 5,650,000 Minaurum shares and iii) incur USD $2,000,000 in exploration expenditures.
This presentation/website contains information about other properties in which Minaurum does not have an interest including Alamos Gold Inc, Argonaut Gold Ltd, Agnico Eagle Mines Ltd, Equinox Gold, Osisko Development Corp., Telson Mining Corp, Torex Gold Resources Inc. Information about these properties is not necessarily indicative of the mineralization on the Company's properties.
Intrusions are biotite-and quartz-rich porphyries similar to intrusive rocks associated with gold deposits along the GGB. Contact-related calc-silicate (skarn) and magnetite-oxide-jasperoid alteration is locally developed in the carbonates, and intrusive rocks host widespread structurally controlled oxide-clay-calcite alteration, identical in setting and style to that seen at Equinox's Los Filos and Bermejal open pit mines. The transition from the limestone of the Morelos Formation to the limey shales and siltstones of the Mexcala Formation, where intruded by Laramide stocks is known to be favorable for gold mineralization in the Guerrero Gold Belt. Mineralization may occur along the margins of the intrusive bodies, especially at the levels of the Mezcala-Morelos transition, and/or within the intrusive bodies themselves.
A helicopter-borne Variable Time-Domain Electromagnetic (VTEM) / Magnetic survey at the Vuelcos del Destino project was completed and analysis and interpretation of the results, identified trace-element (pathfinder) geochemical anomalies associated with the margins of the intrusive rocks similar to those that host deposits in the Guerrero Gold Belt. Three targets have been outlined that coincide with a 2-km diameter granodiorite porphyry stock that is typical of Guerrero Gold Belt intrusions. Alteration and structural features within the stock are identical in nature to those seen in the Los Filos deposit. Stream-sediment geochemical anomalies coincide with the stock outline and with geophysical targets delineated by the airborne survey.
Table 1. Guerrero Gold Belt Mineral Resources
Company
Mine
Source
Category
Tonnes
Grade (g/t)
Contained Au
Tonnes
Grade (g/t)
Contained Ag
Equinox Gold
Los Filos
Equinox Gold Mineral Reserves & Reserves April 18, 2021 Document
Proven
26,168,000
0.91
768,000
0
0.00
0
Webpage: Mineral Reserves and Resources
Probable
78,052,000
1.44
3,626,000
0
0.00
0
P&P
104,220,000
1.31
4,395,000
0
0.00
0
Measured
114,631,000
0.77
2,851,000
0
0.00
0
Indicated
211,678,000
1.02
6,922,000
0
0.00
0
M&I
326,309,000
0.93
9,773,000
0
0.00
0
Inferred
98,204,000
0.83
2,633,000
0
0.00
0
Total
528,733,000
16,801,000
0
0
Alamos Gold
Esperanza
Mineral Reserves & Resources Report Dec 31, 2020
Proven
0
0
0
0
0.00
0
Webpage: Esperanza Project
Probable
0
0
0
0
0.00
0
P&P
0
0
0
0
0.00
0
Measured
19,226,000
1.01
622,000
19,226,000
7.25
4,482,000
Indicated
15,126,000
0.95
462,000
15,126,000
9.16
4,455,000
M&I
34,352,000
0.98
1,084,000
34,352,000
8.09
8,936,000
Inferred
718,000
0.80
18,000
718,000
15.04
347,000
Total
35,070,000
1,102,000
35,070,000
9,283,000
Argonaut Gold
Ana Paula
NI 43-101 Report June 7 2017
Proven
6,533,000
2.62
550,000
6,533,000
5.31
115,000
Webpage: Mineral Resources and Reserves
Probable
6,907,000
2.12
471,000
6,907,000
5.13
1,139,000
Webpage: Ana Paula Project
P&P
13,440,000
2.36
1,021,000
13,440,000
5.22
2,254,000
Measured
7,582,000
2.43
592,800
7,582,000
5.10
1,242,000
Indicated
13,416,000
2.01
869,000
13,416,000
4.70
2,027,000
M&I
20,998,000
2.17
1,461,800
20,998,000
4.80
3,269,000
Inferred
870,000
1.84
51,400
870,000
5.30
149,000
Total
35,308,000
2,534,200
35,308,000
5,672,000
Torex Gold
El Limon Guajes
Updated ELG Complex Resource Numbers Dec 31, 2020 Year End Mineral Reserves
Proven
9,160,000
2.59
716,000
9,160,000
3.70
1,084,000
Webpage: Operations ELG Complex
Probable
11,360,000
3.18
1,162,000
11,360,000
3.90
1,410,000
P&P
20,510,000
2.92
1,923,000
20,510,000
3.80
2,496,000
Measured
5,660,000
4.14
750,000
5,660,000
5.00
910,000
Indicated
15,880,000
3.37
1,720,000
15,880,000
5.00
2,550,000
M&I
21,550,000
3.57
2,480,000
21,550,000
5.00
3,460,000
Inferred
4,810,000
4.08
630,000
4,810,000
7.20
1,110,000
Total
46,870,000
5,033,000
46,870,000
3.87
7,066,000
Media Luna
Website Updated Resource July 9, 2021
Proven
0
0
0
0
0.00
0
Updated ELG Complex Resource Numbers Dec 31, 2020 Year End Mineral Reserves
Probable
0
0
0
0
0.00
0
Website
P&P
0
0
0
0
0.00
0
Measured
0
0
0
0
0.00
0
Indicated
20,900,000
3.21
2,150,000
20,900,000
31.70
21,300,000
M&I
20,900,000
3.21
2,150,000
20,900,000
31.70
21,300,000
Inferred
18,900,000
2.11
1,280,000
18,900,000
28.20
17,700,000
Total
39,800,000
3,430,000
39,800,000
38,400,000
Total
86,670,000
8,463,000
86,670,000
45,466,000
Note: This presentation/website contains information about other properties in which Minaurum does not have an interest including Alamos Gold Inc, Argonaut Gold Ltd, Agnico Eagle Mines Ltd, Equinox Gold Corp., Osisko Development Corp.,Torex Gold Resources. Information about these properties is not necessarily indicative of the mineralization on the Company's properties.
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The Eureka Drill Hole That Started It All
What is the Guerrero Gold Belt?
| Project | Vuelcos del Destino |
| Commodity | Gold |
| Location | Guerrero Gold Belt |
| Nearest City | Chilpancingo |
| Nearest Major Mining Projects | Equinox Gold's Los Filos & El Bermejal deposit Torex Gold’s El Limon/Guajes mine and Media Luna deposit Argonaut Gold’s Ana Paula Deposit Alamos Gold’s Esperanza Deposit |
| Development Stage | Drill Ready |
| Geology | Skarn-Porphyry |
| Land Package | 8,831 has |
| Exploration Highlights | Largest un-drilled intrusive complex in GGB |
| Access & Infrastructure | Excellent infrastructure with paved roads, power grid and Mexican mining labour force |
| Project Interest | Under option to acquire 100% interest |
Project
Vuelcos del Destino is the largest single untested gold skarn target intrusive complex measuring 12 sq km, located on the southeastern portion of the Guerrero Gold Belt ("GGB"). Several million ounces of gold has been discovered along this mineralized trend since the 1990s which continues to increase with further brownfields resource expansion and new greenfields discoveries. Current producing mines include Equinox Gold's Los Filos mine and Torex Gold's ELG Complex, and deposits include Argonaut Gold's Ana Paula deposit, Alamos Gold's Esperanza deposit and Altaley Mining Corporation's Campo Morado mine. One of the first operating mines was the Nukay mine which historically produced 290,000 oz.
Project terms include completing cash and share payments of i) USD $355,000 cash ii) issuing 5,650,000 Minaurum shares and iii) incur USD $2,000,000 in exploration expenditures.
This presentation/website contains information about other properties in which Minaurum does not have an interest including Alamos Gold Inc, Argonaut Gold Ltd, Agnico Eagle Mines Ltd, Equinox Gold, Osisko Development Corp., Telson Mining Corp, Torex Gold Resources Inc. Information about these properties is not necessarily indicative of the mineralization on the Company's properties.
Intrusions are biotite-and quartz-rich porphyries similar to intrusive rocks associated with gold deposits along the GGB. Contact-related calc-silicate (skarn) and magnetite-oxide-jasperoid alteration is locally developed in the carbonates, and intrusive rocks host widespread structurally controlled oxide-clay-calcite alteration, identical in setting and style to that seen at Equinox's Los Filos and Bermejal open pit mines. The transition from the limestone of the Morelos Formation to the limey shales and siltstones of the Mexcala Formation, where intruded by Laramide stocks is known to be favorable for gold mineralization in the Guerrero Gold Belt. Mineralization may occur along the margins of the intrusive bodies, especially at the levels of the Mezcala-Morelos transition, and/or within the intrusive bodies themselves.
A helicopter-borne Variable Time-Domain Electromagnetic (VTEM) / Magnetic survey at the Vuelcos del Destino project was completed and analysis and interpretation of the results, identified trace-element (pathfinder) geochemical anomalies associated with the margins of the intrusive rocks similar to those that host deposits in the Guerrero Gold Belt. Three targets have been outlined that coincide with a 2-km diameter granodiorite porphyry stock that is typical of Guerrero Gold Belt intrusions. Alteration and structural features within the stock are identical in nature to those seen in the Los Filos deposit. Stream-sediment geochemical anomalies coincide with the stock outline and with geophysical targets delineated by the airborne survey.
Table 1. Guerrero Gold Belt Mineral Resources
| Company | Mine | Source | Category | Tonnes | Grade (g/t) | Contained Au | Tonnes | Grade (g/t) | Contained Ag | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equinox Gold | Los Filos | Equinox Gold Mineral Reserves & Reserves April 18, 2021 Document | Proven | 26,168,000 | 0.91 | 768,000 | 0 | 0.00 | 0 | |
| Webpage: Mineral Reserves and Resources | Probable | 78,052,000 | 1.44 | 3,626,000 | 0 | 0.00 | 0 | |||
| P&P | 104,220,000 | 1.31 | 4,395,000 | 0 | 0.00 | 0 | ||||
| Measured | 114,631,000 | 0.77 | 2,851,000 | 0 | 0.00 | 0 | ||||
| Indicated | 211,678,000 | 1.02 | 6,922,000 | 0 | 0.00 | 0 | ||||
| M&I | 326,309,000 | 0.93 | 9,773,000 | 0 | 0.00 | 0 | ||||
| Inferred | 98,204,000 | 0.83 | 2,633,000 | 0 | 0.00 | 0 | ||||
| Total | 528,733,000 | 16,801,000 | 0 | 0 | ||||||
| Alamos Gold | Esperanza | Mineral Reserves & Resources Report Dec 31, 2020 | Proven | 0 | 0 | 0 | 0 | 0.00 | 0 | |
| Webpage: Esperanza Project | Probable | 0 | 0 | 0 | 0 | 0.00 | 0 | |||
| P&P | 0 | 0 | 0 | 0 | 0.00 | 0 | ||||
| Measured | 19,226,000 | 1.01 | 622,000 | 19,226,000 | 7.25 | 4,482,000 | ||||
| Indicated | 15,126,000 | 0.95 | 462,000 | 15,126,000 | 9.16 | 4,455,000 | ||||
| M&I | 34,352,000 | 0.98 | 1,084,000 | 34,352,000 | 8.09 | 8,936,000 | ||||
| Inferred | 718,000 | 0.80 | 18,000 | 718,000 | 15.04 | 347,000 | ||||
| Total | 35,070,000 | 1,102,000 | 35,070,000 | 9,283,000 | ||||||
| Argonaut Gold | Ana Paula | NI 43-101 Report June 7 2017 | Proven | 6,533,000 | 2.62 | 550,000 | 6,533,000 | 5.31 | 115,000 | |
| Webpage: Mineral Resources and Reserves | Probable | 6,907,000 | 2.12 | 471,000 | 6,907,000 | 5.13 | 1,139,000 | |||
|
P&P | 13,440,000 | 2.36 | 1,021,000 | 13,440,000 | 5.22 | 2,254,000 | |||
| Measured | 7,582,000 | 2.43 | 592,800 | 7,582,000 | 5.10 | 1,242,000 | ||||
| Indicated | 13,416,000 | 2.01 | 869,000 | 13,416,000 | 4.70 | 2,027,000 | ||||
| M&I | 20,998,000 | 2.17 | 1,461,800 | 20,998,000 | 4.80 | 3,269,000 | ||||
| Inferred | 870,000 | 1.84 | 51,400 | 870,000 | 5.30 | 149,000 | ||||
| Total | 35,308,000 | 2,534,200 | 35,308,000 | 5,672,000 | ||||||
| Torex Gold | El Limon Guajes | Updated ELG Complex Resource Numbers Dec 31, 2020 Year End Mineral Reserves | Proven | 9,160,000 | 2.59 | 716,000 | 9,160,000 | 3.70 | 1,084,000 | |
| Webpage: Operations ELG Complex | Probable | 11,360,000 | 3.18 | 1,162,000 | 11,360,000 | 3.90 | 1,410,000 | |||
| P&P | 20,510,000 | 2.92 | 1,923,000 | 20,510,000 | 3.80 | 2,496,000 | ||||
| Measured | 5,660,000 | 4.14 | 750,000 | 5,660,000 | 5.00 | 910,000 | ||||
| Indicated | 15,880,000 | 3.37 | 1,720,000 | 15,880,000 | 5.00 | 2,550,000 | ||||
| M&I | 21,550,000 | 3.57 | 2,480,000 | 21,550,000 | 5.00 | 3,460,000 | ||||
| Inferred | 4,810,000 | 4.08 | 630,000 | 4,810,000 | 7.20 | 1,110,000 | ||||
| Total | 46,870,000 | 5,033,000 | 46,870,000 | 3.87 | 7,066,000 | |||||
| Media Luna | Website Updated Resource July 9, 2021 | Proven | 0 | 0 | 0 | 0 | 0.00 | 0 | ||
| Updated ELG Complex Resource Numbers Dec 31, 2020 Year End Mineral Reserves | Probable | 0 | 0 | 0 | 0 | 0.00 | 0 | |||
| Website | P&P | 0 | 0 | 0 | 0 | 0.00 | 0 | |||
| Measured | 0 | 0 | 0 | 0 | 0.00 | 0 | ||||
| Indicated | 20,900,000 | 3.21 | 2,150,000 | 20,900,000 | 31.70 | 21,300,000 | ||||
| M&I | 20,900,000 | 3.21 | 2,150,000 | 20,900,000 | 31.70 | 21,300,000 | ||||
| Inferred | 18,900,000 | 2.11 | 1,280,000 | 18,900,000 | 28.20 | 17,700,000 | ||||
| Total | 39,800,000 | 3,430,000 | 39,800,000 | 38,400,000 | ||||||
| Total | 86,670,000 | 8,463,000 | 86,670,000 | 45,466,000 | ||||||
Note: This presentation/website contains information about other properties in which Minaurum does not have an interest including Alamos Gold Inc, Argonaut Gold Ltd, Agnico Eagle Mines Ltd, Equinox Gold Corp., Osisko Development Corp.,Torex Gold Resources. Information about these properties is not necessarily indicative of the mineralization on the Company's properties.
