Minaurum Gold Inc.: Biricu Project Update
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2016) - Minaurum Gold Inc. (TSXV: MGG) ("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 pannu@minaurum.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
| 1500 - 409 Granville St. | Telephone 778 330-0994 |
| Vancouver, BC V6C 1T2 | www.minaurum.com |
| info@minaurum.com | |
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release 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. 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. 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.
