Minaurum Increases Phase 2 Resource Expansion Drill Program to 50,000 Meters at Alamos Silver Project
Rhea-AI Summary
Minaurum (OTCQX: MMRGF) is expanding the Phase II resource‑expansion drill program at the Alamos Silver Project in Sonora, Mexico from 25,000 m to 50,000 m, and issued a stock option grant. The enlarged program will use multiple rigs, build on Phase I infill and step‑out results, and target Europa, Travesia, Quintera, Minas Nuevas, Promontorio Sur, Cotera, Pulpito and San Jose vein zones across a mapped 11 km x 6 km area.
The company reports 263 permitted drill pads, 26 identified vein zones (13 returned high‑grade intercepts) and plans a major resource update in 2026 following a maiden estimate expected in early 2026. The expansion is subject to closing the ongoing financing. The company granted 3,160,000 options exercisable at $0.36 for five years.
Positive
- Phase II drill program increased to 50,000 metres
- 263 drill pads already permitted across the project
- Identified 26 vein zones within 11 km x 6 km area
- Company plans a major resource update in 2026 following maiden estimate
Negative
- Expansion remains subject to closing of ongoing financing
- Assay results have not been re‑analysed and were verified visually only
- Granted 3,160,000 stock options, creating potential dilution
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2025) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum" or the "Company") is pleased to announce its plans to expand the Phase II resource-expansion drill program at the Alamos Silver Project in Sonora, Mexico from 25,000 metres to 50,000 metres, and in addition has issued a stock option grant.
"Driven by exceptional institutional interest in our ongoing financing, we are excited to announce plans to expand our Phase II resource-expansion drill program," said Darrell Rader, President and CEO. "Drilling continues to deliver high-grade silver intercepts, and the enhanced 50,000-metre Phase II program positions us to test a greater number of vein-zone targets and further grow the mineralized footprint, work that will support a major resource update planned for 2026. The resource update will build on the maiden resource estimate which the Company anticipates announcing in early 2026."
The expanded 50,000 m drill program in Phase II will continue to focus on infill and step-out results from the Phase I Drilling (see Minaurum news release dated November 27, 2025), with multiple rigs on site and 263 drill pads already permitted across the project. The program will include step-out holes at the Europa and Travesia silver shoots, as well as additional drilling at the historic Quintera and Minas Nuevas mines and the more recent discoveries at Promontorio Sur, Cotera, Pulpito, and San Jose vein zones (Figure 1).
Minaurum has identified 26 vein zones in an 11 km x 6 km region covering only one fifth of the Alamos Silver Project. Thirteen of the nineteen vein zones drilled returned high-grade silver intercepts. Only three of the thirteen discoveries will be included in the initial resource estimate.
Implementation of the planned expansion of the drill program remains subject to closing of the Company's ongoing financing. Please see Minaurum news release dated December 3, 2025, and associated offering document for additional details regarding the financing and anticipated use of proceeds.
Figure 1. Phase II drilling will step out along strike and down-dip of the Phase I–defined resource and test additional vein zones. The map illustrates vein zones, drill collars, and permitted drill pads across the Alamos Silver Project. Click to enlarge.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3455/277013_65c83db4b4b50b78_003full.jpg
Stock Option Grant
Minaurum also announces it has granted 3,160,000 stock options to directors, officers and consultants, which can be exercised to receive common shares of the Company (the "Options"). The Options are exercisable at a price of
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Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) is an Americas-focused explorer concentrating on the high-grade
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu – Investor Relations and Corporate Development 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.
___________________________________________________________________________
| 1570– 200 Burrard Street | Telephone: 1 778 330-0994 |
| Vancouver, BC V6C 3L6 | www.minaurum.com |
| | info@minaurum.com |
Data review and verification: Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified Person (QP) as defined by National Instrument 43-101, reviewed and verified the assay data, and has approved the disclosure in this News Release. Verification was done by visual inspection of core samples and comparison to assay results. Assay results have not been checked by re-analysis. No factors were identified that could materially affect the accuracy or reliability of the data presented in this news release.
Cautionary Note Regarding Forward-Looking Information and Statements: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. These forward-looking statements include, but are not limited to, statements regarding: the expansion of the Phase II drill program to 50,000 metres; the anticipated closing of the Company's ongoing financing; the ability to test a greater number of vein-zone targets and grow the mineralized footprint; the timing and completion of a maiden resource estimate in early 2026; the timing and completion of a major resource update in late 2026; the Company's belief that that the maiden resource estimate will represent only a fraction of the full potential of the Alamos Silver Project; and the focus and objectives of the Phase II drill program.
In making the forward-looking statements in this release, Minaurum has applied certain factors and assumptions that are based on management's current beliefs as well as assumptions made by and information currently available to management, including, but not limited to: that the Company will be able to complete the expanded 50,000 metre Phase II drill program; that the Company will be able to close its ongoing financing, and will be able to do so on the timeline currently contemplated; that drilling will continue to deliver positive results; that the Company will be able to complete its maiden resource estimate in early 2026 and a major resource update in late 2026; that the Company's business plans and objectives will be achievable within the expected time frame; that the Company will have access to the resources and capital required to pursue its business plans; that commodity prices and market conditions will be favourable; and that there will be no significant legislative, political, regulatory, economic, or other barriers preventing the Company from achieving its business objectives.
Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking statements involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the risk that the Company will not be able to complete its current financing or will be unable to do so on the timelines anticipated; the risk that the Company is unable to complete the maiden resource estimate, the major resource update or the Phase II drill program on the timelines anticipated, or at all; the risk that further drill results on the Alamos Silver Project will not be positive or yield a larger mineral resource estimate; the volatility of global capital markets and commodity prices; risks related to the Company's operations in Mexico, including political and regulatory risks; the Company's failure to secure the resources required to complete its business objectives; and other risks outside of the Company's control. Readers are cautioned not to place undue reliance on forward-looking statements. No forward-looking statement can be guaranteed and actual future results may vary materially. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277013
FAQ
What did Minaurum (MMRGF) announce on December 5, 2025 about Alamos drilling?
How many drill pads are permitted for Minaurum's Alamos Silver Project (MMRGF)?
When does Minaurum expect the resource update for Alamos (MMRGF)?
Which vein zones will Minaurum target in the expanded Phase II (MMRGF)?
What are the terms of the stock options Minaurum granted on December 5, 2025 (MMRGF)?
Is the Alamos Phase II expansion guaranteed or conditional for Minaurum (MMRGF)?
