Minaurum Silver Inc. (TSXV: MGG) (OTCQX: MMRGF) has released Phase II drill results from four vein zones at its 100%-owned Alamos Silver Project in Sonora, Mexico, highlighting consistently high-grade silver intercepts across the Europa Sur, Quintera, San Jose, and Promontorio Sur zones. Headline results include 3.40 m of 397 g/t silver equivalent at Europa Sur and 0.90 m of 1,469 g/t silver equivalent at San Jose, with the latter exceeding one kilogram of silver per tonne. The results support the company's resource-expansion objectives within its ongoing 50,000-metre Phase II drill program. Investors may be watching how these intercepts influence the upcoming resource estimate update.

Key Points

  • Minaurum Silver Inc. (TSXV: MGG) (OTCQX: MMRGF)
  • Phase II resource-expansion drilling returns high-grade silver results across Europa Sur, Quintera, San Jose, and Promontorio Sur vein zones at the Alamos Silver Project in Sonora, Mexico
  • Top intercepts include 0.90 m of 1,469 g/t AgEq at San Jose, 3.40 m of 397 g/t AgEq at Europa Sur, and 0.50 m of 1,559 g/t AgEq at Quintera; Quintera and Europa Sur zones to be incorporated into an upcoming resource update
  • Investors may be watching for further assay results from Promontorio Sur step-out drilling and the timeline for the updated mineral resource estimate

San Jose and Europa Sur Vein Zones Deliver Standout Silver Intercepts

Hole AL26-249 at the San Jose vein zone returned 0.90 m of 1,469 g/t AgEq, including 0.50 m of 2,425 g/t AgEq grading 1,910 g/t Ag, 0.43 g/t Au, 3.90% Cu, 1.59% Pb, and 4.71% Zn. At Europa Sur, hole AL26-246 intersected 3.40 m of 397 g/t AgEq, including a 0.30 m high-grade core of 1,433 g/t AgEq. Hole AL26-233 added 1.60 m of 412 g/t AgEq, with a 0.40 m interval grading 708 g/t AgEq. The release states that Europa Sur is notable for locally elevated gold and copper grades relative to the central Europa zone, and was not included in the company's initial resource estimate.

Quintera Drilling Confirms Vertical and Lateral Continuity Ahead of Resource Update

Drilling at Quintera continues to define the high-grade silver shoot both below and along strike of historical workings. Hole AL26-250 intersected 0.50 m of 1,559 g/t AgEq in the Quintera vein zone, approximately 100 m down-dip from a previously reported intersection of 5.95 m of 1,117 g/t AgEq in hole AL26-215. The Travesia vein zone, positioned 100 to 150 metres in the hanging wall of Quintera, returned 1.90 m of 323 g/t AgEq in hole AL26-243. The company disclosed that Quintera was excluded from its initial resource estimate but will be incorporated into the upcoming resource update.

Promontorio Sur Step-Out Drilling Yields Encouraging First-Round Results

Promontorio Sur received its first round of step-out drilling approximately 200 m south of the NW-trending fault. Hole AL26-248 intersected a 6 m-wide vein zone, including 0.45 m of 386 g/t AgEq grading 177 g/t Ag, 0.86 g/t Au, 1.18% Cu, 0.30% Pb, and 1.04% Zn. The release states that quartz-calcite veinlets with anomalous silver and copper values can be traced for more than 1 km south of the Promontorio mine. The company noted that drilling at Promontorio Sur is continuing and that further assay results are pending.

Phase II Program Advances Toward Updated Mineral Resource Estimate

All drill results disclosed in the announcement form part of Minaurum's ongoing Phase II, 50,000-metre resource-expansion program at Alamos. President and CEO Darrell Rader stated in the release that drilling continues to demonstrate strong continuity of high-grade silver vein zones, while the San Jose vein delivered silver grades exceeding 1 kg/t. Results have been reviewed and verified by Stephen R. Maynard, Vice President of Exploration and a Qualified Person as defined by National Instrument 43-101. The immediate share price impact was not clear from available public information.