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
Telson Mining’s Campo Morado
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 Telson Mining'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
Presentation Slide Mar 31 2020
Proven
26,168,000
0.91
768,000
0
0.00
0
Website
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
Reserve Resource Report Dec 31 2019
Proven
0
0
0
0
0.00
0
Website
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
Website
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
87,000
5.30
149,000
Total
35,308,000
2,534,200
34,525,000
5,672,000
Torex Gold
El Limon Guajes
NI 43-101 Report Sept 4 2018
Proven
8,890,000
2.91
833,000
8,890,000
3.90
1,120,000
Updated ELG Complex Resource Numbers News Release April 28 2020
Probable
14,220,000
3.12
1,425,000
14,220,000
3.70
1,709,000
Website
P&P
23,120,000
3.04
2,258,000
23,120,000
3.80
2,829,000
Measured
7,200,000
3.9
900,000
7,200,000
4.60
1,060,000
Indicated
20,530,000
3.21
2,120,000
20,530,000
4.60
3,030,000
M&I
27,730,000
3.39
3,030,000
27,730,000
4.60
4,090,000
Inferred
4,860,000
3.79
590,000
4,860,000
5.60
880,000
Total
55,710,000
5,878,000
55,710,000
3.87
7,799,000
Media Luna
Website Updated Resource Dec 31 2019
Proven
0
0
0
0
0.00
0
Updated ELG Complex Resource Numbers News Release April 28 2020
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
12,600,000
3,27
1,320,000
12,600,000
37.70
15,300,000
M&I
12,600,000
3.27
1,320,000
12,600,000
37.70
15,300,000
Inferred
33,500,000
2,49
2,680,000
33,500,000
23.6
25,500,000
Total
46,100,000
4,000,000
46,100,000
40,800,000
Total
101,810,000
9,878,000
101,810,000
48,599,000
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 Telson Mining’s Campo Morado |
| 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 Telson Mining'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 | Presentation Slide Mar 31 2020 | Proven | 26,168,000 | 0.91 | 768,000 | 0 | 0.00 | 0 |
| Website | 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 | Reserve Resource Report Dec 31 2019 | Proven | 0 | 0 | 0 | 0 | 0.00 | 0 |
| Website | 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 |
| Website | 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 | 87,000 | 5.30 | 149,000 | |||
| Total | 35,308,000 | 2,534,200 | 34,525,000 | 5,672,000 | |||||
| Torex Gold | El Limon Guajes | NI 43-101 Report Sept 4 2018 | Proven | 8,890,000 | 2.91 | 833,000 | 8,890,000 | 3.90 | 1,120,000 |
| Updated ELG Complex Resource Numbers News Release April 28 2020 | Probable | 14,220,000 | 3.12 | 1,425,000 | 14,220,000 | 3.70 | 1,709,000 | ||
| Website | P&P | 23,120,000 | 3.04 | 2,258,000 | 23,120,000 | 3.80 | 2,829,000 | ||
| Measured | 7,200,000 | 3.9 | 900,000 | 7,200,000 | 4.60 | 1,060,000 | |||
| Indicated | 20,530,000 | 3.21 | 2,120,000 | 20,530,000 | 4.60 | 3,030,000 | |||
| M&I | 27,730,000 | 3.39 | 3,030,000 | 27,730,000 | 4.60 | 4,090,000 | |||
| Inferred | 4,860,000 | 3.79 | 590,000 | 4,860,000 | 5.60 | 880,000 | |||
| Total | 55,710,000 | 5,878,000 | 55,710,000 | 3.87 | 7,799,000 | ||||
| Media Luna | Website Updated Resource Dec 31 2019 | Proven | 0 | 0 | 0 | 0 | 0.00 | 0 | |
| Updated ELG Complex Resource Numbers News Release April 28 2020 | 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 | 12,600,000 | 3,27 | 1,320,000 | 12,600,000 | 37.70 | 15,300,000 | |||
| M&I | 12,600,000 | 3.27 | 1,320,000 | 12,600,000 | 37.70 | 15,300,000 | |||
| Inferred | 33,500,000 | 2,49 | 2,680,000 | 33,500,000 | 23.6 | 25,500,000 | |||
| Total | 46,100,000 | 4,000,000 | 46,100,000 | 40,800,000 | |||||
| Total | 101,810,000 | 9,878,000 | 101,810,000 | 48,599,000 | |||||
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.
