Minaurum Gold (MGG.V) has now started a drill program on its Alamos silver project in Mexico. This drill program will consist of a minimum of 5,000 meters of diamond drilling, focusing on no less than seven vein structures which have been identified by the company’s sampling and mapping program in the past twelve months.
Even though the project is located in the vicinity of some major mines (Alamo Dorado owned by Pan American Silver (PAA.TO, PAAS) and the Palmarejo Mine owned and operated by Coeur Mining (CDM.TO, CDE)) and despite the proven existence of high-grade silver, none of these veins have ever been drilled or brought into production. On top of that, this summer’s drill program is also designed to try to intersect blind veins which might be located between the exposed veins as well .
This will be the first systematic drill program on the property and Peter Megaw and his technical team will now be in a position to test the piano key theory (please read our Interview with Peter Megaw for more background information).
We consider the Alamos silver project to be Minaurum’s most important project and the drill results could be an important catalyst for the company. We don’t anticipate to see any assay results before the end of September.