Minaurum Silver (MGG.V) on Tuesday announced two initiatives to advance geological understanding of its Alamos Silver Project in Sonora, Mexico.
The company engaged geologist Dr. Paula Montoya, currently attached to the University of Tasmania's Centre for Ore Deposit and Earth Sciences (CODES), to undertake a comprehensive geological study of the Alamos district. Dr. Montoya served as senior exploration geologist at AngloGold Ashanti.
Minaurum also contracted PROINFRA, in Sonora, to conduct a down-hole optical televiewer survey on selected drill holes from the company's resource-expansion drilling program.
"By combining world-class geological research with advanced structural imaging technology, we are building a refined picture of the mineralized system," said chief executive Darrell Rader. "These initiatives will help us identify the most prospective targets, improve drilling efficiency, and continue expanding the mineralized footprint at Alamos and our geological and resource models."
Minaurum Silver shares were last seen down C$0.015 to C$0.285 on the TSX Venture Exchange.
Price: $0.29, Change: $-0.02, Percent Change: -5.00%