Minaurum Gold Inc. (“Minaurum”) is pleased to update its shareholders on developments at the Biricu Project located in the Guerrero Gold Belt.
As previously disclosed on November 4 and December 4, 2015, Minaurum loaned Guerrero Ventures Inc. (“Guerrero”) funds to explore Biricu. Guerrero has informed Minaurum that the required exploration expenditures and obligations of the underlying Biricu option agreement between Alamos Gold Inc. and Guerrero have been fulfilled. Results from the exploration work are pending.
Guerrero has submitted all required documentation to Alamos Gold Inc. to exercise its option to acquire a 100-per-cent interest in the project.
The Biricu Project comprises more than 41,000 hectares of highly prospective intrusive rock types identical to those seen in Goldcorp’s neighbouring Los Filos Mine and Torex Gold’s nearby El Limon deposit.
Steve Maynard, the Vice President Exploration of Minaurum and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved, but has not verified, the technical data in this release due to the technical data having been prepared by Guerrero.
Minaurum Gold is a gold-copper explorer with a portfolio of projects in Mexico. For more information, please visit our website at www.minaurum.com and our YouTube Minaurum Video Channel(http://www.minaurum.com/s/VideoGallery.asp).
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader President and CEO
For more information, please contact:
Sunny Pannu –Investor Relations Manager (778) 330 0994 or via email at [email protected]
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Vancouver, BC V6C 1T2
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Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the intended use of proceeds, constitute forward-looking information. In making the forward-looking statements in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum’ s current beliefs as well as assumptions made by and information currently available to Minaurum, including that the Minaurum is able to obtain any required government or other regulatory approvals, equipment and personell for its planned operations and that actual results of exploration activities will be consistent with management’s expectations. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including actual results of Minaurum’s operations being different than those expected by management and delays in obtaining or failure to obtain required government or other regulatory approvals, equipment, personnel or financing. Readers are cautioned not to place undue reliance on forward-looking statements. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.