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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
    Zacatecas Silver Corp'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 Argonaut Gold Ltd, Agnico Eagle Mines Ltd, Equinox Gold, Osisko Development Corp., Altaley Mining Corporation , Torex Gold Resources Inc. and Zacatecas Silver Corp.  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

    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  Sep 21, 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
    Zacatecas Silver Corp.  Esperanza Mineral Reserves & Resources Report Dec 31, 2021 Document Proven 0 0.00 0 0 0.00 0
        Webpage: Esperanza Project Probable 0 0.00 0 0 0.00 0
        Zacatecas Silver Corp Completes Purchase of Esperanza Project P&P 0 0.00 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 2.43 593,000 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 20,995,000 2.17 1,462,000 20,998,000 4.80 3,269,000
          Inferred 870,000 1.84 51,000 870,000 5.30 149,000
          Total 35,305,000   2,534,000 35,308,000   5,672,000
    Torex Gold  El Limon Guajes Complex Open Pit and Underground Updated ELG Complex Resource Numbers Dec 31, 2020 Year End Mineral Reserves Proven 9,817,000 2.72 858,000 9,817,000 3.90 1,240,000
        Webpage: Operations ELG Complex Probable 8,037,000 3.41 882,000 8,037,000 4.90 1,258,000
        March 17 2022 News Release - Torex Reports Year End 2021 Mineral Reserves and Resources for El Limon Guajes Complex P&P 17,854,000 3.03 1,740,000 17,854,000 4.40 2,498,000
          Measured 6,311,000 4.2 852,000 6,311,000 5.50 1,106,000
          Indicated 14,995,000 3.36 2,560,000 14,995,000 5.30 2,560,000
          M&I 21,305,000 3.61 3,667,000 21,305,000 5.40 3,667,000
          Inferred 2,193,000 3.74 365,000 2,193,000 5.20 365,000
          Total 41,352,000   5,772,000 41,352,000 3.87 6,530,000
      Media Luna Website Updated Resource Feb 28, 2022 Proven 0 0.00 0 0 0.00 0
        Updated ELG Complex Resource Numbers Dec 31, 2020 Year End Mineral Reserves Probable 0 0.00 0 0 0.00 0
        Website P&P 0 0.00 0 0 0.00 0
          Measured 0 0.00 0 0 0.00 0
          Indicated 25,400,000 3.24 2,640,000 25,400,000 31.50 25,700,000
          M&I 25,400,000 3.24 2,640,000 25,400,000 31.50 25,700,000
          Inferred 6,000,000 2.47 480,000 6,000,000 20.80 4,000,000
          Total 31,400,000   3,120,000 31,400,000   29,700,000
          Total 72,752,000   8,892,000 72,752,000   36,230,000

    Note: This presentation/website contains information about other properties in which Minaurum does not have an interest including Argonaut Gold Ltd, Agnico Eagle Mines Ltd, Equinox Gold Corp., Osisko Development Corp.,Torex Gold Resources and Zacatecas Silver Corp.  Information about these properties is not necessarily indicative of the mineralization on the Company's properties.

     

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