Phase I tested 19 of the 25 vein systems identified to date at Alamos. Fourteen of the 19 vein systems returned high-grade silver intercepts demonstrating that mineralisation occurs throughout a 10km long by 6km wide corridor.

In addition, Minaurum has acquired a large collection of historic 1950s to 1980s surface and underground drilling data that is under review for incorporation into phase II exploration planning.

The goal of phase I was to put at least one hole into each identified vein system to establish the district footprint and develop a prioritised vein inventory for phase II step-out drilling. Phase I drilling totalled 18,810m in 40 holes. The holes tested the previously undrilled Rosario, Púlpito, Cotera, La Dura, Tijera, Las Animas, and Alessandra veins.

Phase II will combine step-out drilling of the highest-grade veins intersected in phase I and additional targets stemming from the recently acquired historic data files. Phase II is expected to commence in late-March and will include a minimum of 20,000m of drilling, employing multiple drill rigs.

"Phase I drilling allowed us to outline the footprint of the Alamos District and generate an inventory of silver-rich veins for systematic follow-up drilling," said Darrell Rader, president and CEO of Minaurum Gold. "Also, we are pleased to have acquired a significant quantity of historical data and expect that, once reviewed and verified, it will significantly enhance Phase II drill targeting."