Minaurum Engages Independent Mining Consultants Inc. for Mineral Resource Estimate at Alamos Silver Project
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Vancouver, British Columbia--(Newsfile Corp. - June 25, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) ("Minaurum" or "Company") is pleased to announce it has engaged Independent Mining Consultants Inc. ("IMC") to complete an initial mineral resource estimate at its flagship 100%-owned Alamos silver project ("Alamos") in Sonora State, Mexico. The NI 43-101 compliant Mineral Resource Estimate will initially focus on the Europa and Promontorio silver veins. An IMC qualified person (QP) will be on site and commence work in July 2024.
"We are very pleased to appoint IMC to complete an initial resource estimate at the Alamos silver project," stated Darrell Rader, President and CEO of Minaurum Gold. "The resource estimate should be finished in the fourth quarter of 2024 and will incorporate results from our upcoming drill program. IMC has considerable experience in Mexico having worked for Orla Mining and Alamos Gold. As the only recent silver discovery in Mexico with a mining permit, this is the next step to advance and add significant value to our project."
IMC has extensive international experience with a 40-year track record of producing independent assessments of resources, reserves, audits, and project evaluations including preliminary assessment reports, mine planning, and optimization. IMC's personnel are Qualified Persons under the NI 43-101 standard and have provided QP resource-estimation services for several Mexican projects including Alamos Gold's Mulatos and La Yaqui - Cerro Pelon mines, Argonaut Gold's Magino project, Lumina Gold's Cangrejos project, and Orla Mining's Camino Rojo project. IMC is based in Tucson, Arizona.
Minaurum's technical team is confident that the planned resource work program will not only result in calculating an initial NI 43-101 compliant mineral resource estimate, but also expand the understanding of the mineralized envelope and geology within the underexplored Alamos district.
Scope of Work
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Review Database and Complete QAQC Analysis - An independent analysis of the QAQC data that is regularly collected by Minaurum at Alamos.
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Review Existing Geologic Interpretation - A review of the cross sections and/or level plans to guide the development of the mineralization controls and geologic model.
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Qualified Person Site Visit - An IMC QP will visit the property to understand the geology, data and sample collection, and controls on mineralization.
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Geologic Interpretation and Model Assembly - A model of vein boundaries based on a combination of geologic logging and economic cutoff grades will be developed with the use of statistical tools and conventional wire frame interpretation on the Europe and Promontorio vein systems.