Minaurum Gold Inc. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as sole underwriter and bookrunner, pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 17,500,000 units of the Company at a price of C$0.40 per Unit for aggregate gross proceeds of C$7,000,000 . Each Unit will be comprised of one common share of the Company and one-half of [...]
Minaurum Gold Inc. is pleased to report that it has begun mobilizing drill rigs to its high-grade Alamos Silver project in southern Sonora, Mexico. Phase II drilling began in July 2020 and 40 holes were drilled before pausing in December 2020 due to the COVID-19 pandemic in the region. With Covid cases dropping, Minaurum has begun mobilizing rigs to the project and anticipates drilling at least a further 15,000 metres [...]
Minaurum Gold Inc. is pleased to provide an update on its ongoing exploration activities. During the first five months of 2021, Minaurum has focused on preparing its flagship Alamos Silver project for the resumption of Phase II drilling while continuing to advance both the Santa Marta copper-gold volcanogenic massive sulphide project and the Aurifero silver-gold project to the drill stage. Due to the increasing demand for [...]
Minaurum Gold Inc. is pleased to announce it has retained Digital257 Technologies Inc. to provide digital media and capital markets communications services to Minaurum. Digital257 is a digital marketing firm specializing in investor audience growth and will assist with online communications with the goal of increasing market awareness. In consideration for these services, Minaurum has agreed to pay Digital257 a fee of [...]
Minaurum Gold is pleased to announce that it has entered into an option agreement with ASR Resources, pursuant to which ASR can earn an 80% interest in Minaurum's Adelita copper-gold project in Sonora, Mexico. ASR can earn its interest by issuing shares totaling 16% of its post-IPO shares outstanding, making cash payments totaling $75,000 and incurring $3M in work expenditures over 5 years. Minaurum's 20% retained [...]
Minaurum Gold Inc. is pleased to announce the final results of its 2020 Phase II drilling program at its Alamos silver project in Sonora. Drilling at the Europa-Guadalupe target outlined a prospective south-west plunging silver shoot along with the potential for additional high-grade mineralization to the north and south of the area drilled. At the Promontorio target, drilling returned high-grade mineralization in excess [...]
Minaurum Gold Inc. is pleased to announce that it has entered into an agreement with its underlying Royalty Holder on the Biricu Project located in the Guerrero Gold Belt. Minaurum has been provided with both a limited time option to repurchase a portion of the NSR along with eliminating the outstanding Bankable Feasibility Study payment on Biricu in exchange for issuing 100,000 common shares to RH. The Biricu project is [...]
Minaurum Gold Inc. is pleased to announce that Minaurum and its wholly-owned subsidiary Minera Minaurum Gold, S.A. de C.V , along with Fortuna Silver Mines Inc. and Fortuna's wholly-owned subsidiary Compania Minera Cuzcatlan S.A. de C.V. , have entered into an option agreement, pursuant to which CMC can earn up to an 80% interest in MGG's Taviche silver project in Oaxaca, Mexico . Under the terms of the option agreement [...]
Minaurum Gold Inc. is pleased to announce exceptional grades over substantial widths from three of its first four holes targeting the Promontorio vein zone at its Alamos Silver Project in Sonora, Mexico. The holes were targeted below the historical Promontorio mine and demonstrate that high-grade silver mineralization continues at least 100 m below the deepest known workings. Significant highlights include: 5.1 m of 769 [...]
Minaurum Gold Inc. is pleased to announce results from the first four holes of its 2020 exploration program in the Europa-Guadalupe vein zone at its Alamos silver project in Sonora, Mexico. Highlights include: 3.50 m of 404 g/t Ag, 0.54% Cu, 1.30% Pb, 1.81% Zn in hole AL20-042, including 1.15 m of 999 g/t Ag, 1.29% Cu, 2.98% Pb, 2.98% Zn 6.35 m of 356 g/t Ag, 0.39% Cu, 0.42% Pb, 0.57% Zn in hole AL20-047, including 0.70 m [...]
Minaurum Gold Inc. announces the commencement of a minimum 20,000-metre Phase II drilling program at its Alamos Silver project in Sonora, Mexico. Phase II involves systematically stepping out from discoveries made during Phase I drilling beginning with two drill rigs. One drill will offset the Europa-Guadalupe discovery hole which returned 8.25 m grading 1,760 g/t silver . The other drill will test targets at Promontorio [...]
Minaurum Gold Inc. is pleased to announce the closing of its previously announced non-brokered private placement . A total of 10,525,000 units were sold at a price of $0.40 per Unit, for gross proceeds of $4,210,000 to primarily Sprott Global Resource Investments, Ltd. and existing shareholders. Each Unit consists of one common share of the Company and one-half of one Common Share purchase warrant . Each Warrant is [...]