Site visit: Minaurum eyes first resource at Alamos in Mexico within weeks
MINING.COM·2025-11-28 20:28

Core Insights - Minaurum Gold is targeting an initial resource at the Alamos silver project that may contain 50 million oz. of silver-equivalent, with a grade exceeding 300 grams per ton by the end of the year [2][3] - The project has expanded significantly over eight years, now covering 370 sq. km, with 26 identified vein zones, of which 19 have been drilled, yielding significant mineralization in 12 or more zones [3][4] - The company has reported high-grade intercepts, including 5.85 metres grading 380 grams silver per tonne and 21.45 metres of 54 grams silver and 0.37 gram gold [4][15] Company Overview - Minaurum Gold is based in Vancouver and has a team experienced in precious-metal exploration, including key figures who have previously worked on significant discoveries in Latin America [7][8] - The company has strong community relations and ESG credentials, having signed 29-year agreements with local communities for exploration and exploitation [17] Exploration and Drilling Activities - The ongoing drilling program includes 35 completed holes as part of a $9 million, 10,000-metre infill drilling initiative, confirming strong, wide zones of high-grade silver mineralization [9][5] - The Promontorio zone is a high-priority target, with significant skarn/carbonate replacement mineralization confirmed through drilling [9] Historical Context - The Alamos region has a rich silver mining history, producing approximately 200 million oz. of silver from the 17th century until the early 20th century, with historical mine widths exceeding 20 metres and grades over 2,000 grams silver per tonne [11][12] Future Plans - Minaurum plans to raise additional funds early next year to support resource updates and aims to outline 100 million ounces of silver [19] - The company is committed to sustainable practices, utilizing Indigenous staff for drilling operations and maintaining low environmental impact through traditional transport methods [17][18]

Site visit: Minaurum eyes first resource at Alamos in Mexico within weeks - Reportify