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Minaurum Gold Inc. (TSXV:MGG) announced that Guerrero Ventures Inc. (TSXV:GV) has started a 4,500-meter drill program at its Biricu project, located in the Guerrero Gold Belt.
Minaurum Gold Inc. (TSXV:MGG) announced that Guerrero Ventures Inc. (TSXV:GV) has started a 4,500-meter drill program at its Biricu project, located in the Guerrero Gold Belt. Other than drilling services, exploration work will be conducted by Minaurum.
As quoted in the press release:
Guerrero plans to drill approximately 4,500 meters of core at the Hornfels Hill, Punto Rojo, and La Curva prospects, following up on targets drilled in 2014 in addition to testing several other targets that were identified by geophysics but not drilled in 2014. The current program will test the upper Morelos Formation and is employing 3 man-portable rigs and 1 track rig.
Mineralization at Biricu appears to be related to skarn and hornfels alteration of Mezcala Formation shale and sandstone in proximity to diorite/granodiorite intrusive rocks. It is believed that the 2014 drilling terminated in the stratigraphically lower part of the Mezcala Formation, close to the upper part of the more prospective Morelos Formation limestone.
Darrell Rader, president and CEO of Minaurum, commented:
We are very excited to have commenced this drill program on behalf of Guerrero Ventures. The exploration program designed by David M. Jones who discovered the neighbouring Los Filos deposit, will test several high priority targets, a number of which have already returned GGB style alteration and gold mineralization at depth.
Click here to read the full Minaurum Gold Inc. (TSXV:MGG) press release.