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Vancouver, British Columbia (Newsfile Corp. - March 9, 2021) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ( Minaurum ) is pleased to announce that it has entered into an option agreement with ASR Resources Corp. ( ASR ), 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 interest will be carried until ASR carries out a total of $4.75M in work expenditures along with completing both a mineral resource calculation in accordance with National Instrument 43-101
Minaurum Gold Inc.: Minaurum Announces Results from Phase II Alamos Silver Project Drilling
Vancouver, British Columbia (Newsfile Corp. - February 9, 2021) - Minaurum Gold, Inc. (TSXV: MGG) ( Minaurum ) is pleased to announce the final results of its 2020 Phase II drilling program at its Alamos silver project in Sonora, Mexico. Drilling at the Europa-Guadalupe target outlined a prospective south-west ( SW ) 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 of 100m below historical workings, indicating the potential for two SW-plunging silver shoots. Highlights include: