Minaurum releases mineral resource estimate for Alamos silver project in Mexico
Minaurum Silver (TSXV:MGG) (OTCQX: MMRGF) announced Wednesday it has completed an inferred mineral resource estimate (MRE) at its 100%-owned Alamos silver project in Sonora, Mexico.
The resource totalled 5.37 million tonnes grading 202 g/t silver, 0.21 g/t gold, 0.43% copper, 0.97% lead, and 2.01% zinc, or 320 g/t in silver equivalent. The contained metals are 34.8 million oz. of silver, 35,640 oz. of gold, 51 million lb. of copper, 115 million lb. of lead and 238 million lb. of zinc, or 55.2 million oz. of silver equivalent.
Calculations include smelter and processing deductions typically associated with more advanced resource estimates, the company said.
Sensitivity analysis further indicates that the resource remains resilient at higher cut-off grades than 150 g/t AgEq, emphasizing the high-grade nature of the mineralization, Minaurum added.
The resource estimate encompasses portions of the Promontorio, Travesia and Europa zones — three of the 26 vein zones identified at the Alamos project — based on a database of 104 drill holes totaling 35,888.15 metres and 10,194 samples.
The resource is open along strike and at depth, offering significant potential for expansion through the ongoing Phase II 50,000-metre resource expansion drill program, the company said.
“Our inferred resource estimate of 55 million ounces of AgEq, defined across portions of just three of the 26 identified vein zones at Alamos, represents a major milestone for Minaurum,” president and CEO Darrell Rader said in a news release.
“The estimate establishes Alamos as a high-grade silver district with a rare combination of grade and width, with each of the vein zones included remaining open for expansion,” Rader added. “Our next step is to aggressively grow the resource through the ongoing Phase II 50,000-metre resource expansion drilling program.”