Minaurum Gold Acquires Land Package at Aurifero Gold Project
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Minaurum Gold Acquires Land Package at Aurifero Gold Project

Photo by:   Unsplash , Tim Altmann
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By MBN Staff | MBN staff - Tue, 11/12/2024 - 11:06

Minaurum Gold acquired a 100% interest in the central claims of the Aurifero gold project in Sonora, expanding its control to over 95% of the high-grade gold district. The company anticipates that this acquisition will unlock new extraction opportunities, consolidating the district's potential by unifying the gold system at greater depths.

Minaurum’s acquisition includes an extension of the option agreement, granting the company an additional three years to secure remaining claims within the district. Located 35km from Minaurum Gold’s Alamos silver project, Aurifero has seen extensive exploration, with over 8,000m drilled since the 1980s, the company reports.

Minaurum’s recent geological analysis suggests that historical drilling likely accessed only the upper sections of the site’s gold-bearing epithermal vein system, with further potential for mineralization at depth. According to Darrell Rader, President and CEO, Minaurum Gold, the high gold grades observed in historical shallow drill holes demonstrate Aurifero's potential as a significant gold resource. Previous drilling reached maximum depths of 135m, implying that deeper drilling may reveal more extensive gold veins. “We believe these highly exposed gold veins have the potential to coalesce into a single substantial gold system at depth,” Rader says.

The Aurifero project covers 1,348ha and is part of a mineral-rich zone that includes Cobre Del Mayo’s Piedras Verdes copper mine, Mexico’s third-largest copper operation. Minaurum’s decision to extend the option agreement to 2028 aligns with its plan to consolidate and further explore this promising district.

Photo by:   Unsplash , Tim Altmann

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