Minaurum Provides Adelita Update and Renews Marketing Agreements
Rhea-AI Summary
Minaurum Gold (OTCQX: MMRGF) has reached an agreement with Kenadyr Metals to convert its 20% interest in the Adelita Project into a 1% net smelter return royalty plus 313,953 Kenadyr shares valued at approximately $135,000. The Adelita Project, situated in the Sonora-Arizona Copper Belt, features a high-grade Cu-Au-Ag skarn system with significant drill results, including intersections of 16.2 metres of 1.97% Cu and 201.4 metres of 0.52% Cu.
Additionally, Minaurum has renewed its marketing agreements with Capital Analytica and National Inflation Association for three months, with payments of $60,000 and US$30,000 respectively for marketing and communications services.
Positive
- Conversion of 20% project interest into 1% NSR royalty provides ongoing revenue potential without operational costs
- Receipt of 313,953 Kenadyr shares worth $135,000 adds immediate value
- Strong drill results from Adelita Project demonstrate significant mineralization
- No buydown right on the royalty ensures long-term value retention
Negative
- Reduction of direct project ownership interest from 20% to royalty position
- Significant marketing expenses ($90,000) for a three-month period
News Market Reaction
On the day this news was published, MMRGF declined 3.75%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2025) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum") is pleased to announce it has entered into an agreement dated August 12, 2025 with Kenadyr Metals ("Kenadyr") to exchange its
The Adelita Project
Located in the Sonora-Arizona Copper Belt, the project is anchored by a near-surface, high-grade Cu-Au-Ag skarn system, multiple untested skarn targets, and a 4.5 km porphyry anomaly.
Drill results include:
16.2 metres of
1.97% Cu, 0.84 g/t Au, 73 g/t Ag (CGDD-10-001)47.6 metres of
0.98% Cu, 0.46 g/t Au, 46 g/t Ag (CGDD-10-002)105.2 metres of
1.03% Cu, 0.43 g/t Au, 36 g/t Ag (CGDD-12-009)201.4 metres of
0.52% Cu, 0.15 g/t Au, 13 g/t Ag (CGDD-12-012)20.60 m of
1.91% copper, 2.00 g/t gold and 40.91 g/t silver (Hole AD-22-0018)32.25 m of
1.01% copper, 0.52 g/t gold and 39.69 g/t silver (Hole AD-22-0019)19.85 m of
1.00% CuEq (Hole AD-22-0021)20.6 m of
3.71% CuEq (Hole AD-22-0018)32.25 m of
1.74% CuEq (Hole AD-22-0019)
(See Minaurum News Releases dated May 3, 2012; May 31, 2012; October 6, 2010, and Infinitum Copper news release dated September 13 and 29, 2022; May 2, 2023; May 24, 2023, January 24, 2024)
The Acquisition is subject to customary conditions, including approval by the TSX Venture Exchange ("TSXV").
Extension of Marketing Agreements
The Company is pleased to announce that further to its news release on May 12, 2025, it has renewed its agreements with Capital Analytica ("Capital") and National Inflation Association ("NIA") to provide marketing and communications services.
The Company has extended its marketing services agreement with Capital dated May 9, 2025, for another three months. The Company agreed to pay Capital
Jeff French is the principal of Capital and will be responsible for all activities related to the Company. Capital and its principal are arm's length to the Company and, as of the date hereof, to the Company's knowledge, Capital does not own any securities of the Company. Capital is based in British Columbia, Canada and can be reached via email: jeff@capitalanalytica.com and phone: 778 872 4551.
The Company has also extended its marketing services agreement with NIA dated May 9, 2025, for another three months. The Company agreed to pay NIA US
Gerard Adams is the principal of NIA and will be responsible for all activities related to the Company. NIA and its principal are arm's length to the Company and, as of the date hereof, to the Company's knowledge, NIA does not own any securities of the Company. NIA is based in North Carolina, USA and can be reached via email: gerardadamsinflationus@gmail.com and phone: 973 277 7674.
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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.
Cautionary Note Regarding Forward Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and 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.
In making the forward-looking information 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 information in this release is 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 information.
Readers are cautioned not to place undue reliance on forward-looking information. 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/264861
FAQ
What are the terms of MMRGF's Adelita Project agreement with Kenadyr Metals?
What are the notable drill results from the Adelita Project?
How much is MMRGF spending on marketing agreements in 2025?
Where is the Adelita Project located and what type of deposit is it?
