Minaurum Gold (MGG: TSXV) jumped 13.4% on over 350,000 shares traded to capture the Daily Stock Challenge Breakout award Monday. Gold is surging and many junior gold stocks have broken out to new highs in recent sessions.
Minaurum Gold is no exception and has been on an epic rally since January when it traded below $0.10 per share.
Minaurum Gold – 3 Month Chart
After looking into the company’s leadership, Minaurum Gold’s current run is not surprising in the slightest.
Minaurum Gold explains that it has developed a portfolio of exploration projects in Mexico combined with one of the strongest technical teams in the industry. And, according to the company’s website,
“To date, management have been involved with three takeovers including: $424 million West Timmins merger with Lake Shore Gold; $140 million Kinross Gold acquisition of Underworld Resources; $205 million Agnico Eagle acquisition of Cayden Resources.”
To read more, click here.
In one of our recent eBooks, titled Leading Juniors to Multimillion Dollar Buyouts, we identify 50 leaders who led their previous companies to past buyouts and highlight which small-cap stocks they run today.
Check out our latest article on TSX Venture Investing, by clicking here.
Minaurum Gold | Two New Vein Targets at La Quintera project
On March 16th, Minaurum announced that it had identified two new vein systems. A sample of up to 3,120 g/t silver and 14.7 g/t gold highlighted the high-grade nature of Minaurum’s La Quintera project.
Minaurum Gold went on to announce that it has identified two new vein targets, Amalia and Nueva Europa, at its La Quintera project in southern Sonora State. Below is a short excerpt,
“Rock sampling from quartz veins at Nueva Europa has returned values up to 2,500 g/t Ag and 3,120 g/t Ag. The Nueva Europa vein zone lies 500m west of the historic high-grade Quintera — Promontorio vein zone and roughly parallel to it. It has recently been traced by Minaurum geologists for more than 1,500 m along strike. Samples from the Amalia vein target have yielded values up to 14.7 g/t Au and 346 g/t Ag. The vein hosting the Amalia target has now been traced for 500m along strike. These targets are in addition to the four targets described in Minaurum’s news releases of November and December of 2016.”
Click here to read the entire press release.
Darrell Rader, President and CEO of Minaurum Gold, explained,
“We are excited by the results of the first systematic exploration program carried out at La Quintera. Most of the estimated 200 Moz of silver produced on the project came from the La Quintera-Promontorio vein zone, a fault-bounded up-thrown block. It appears that the Nueva Europa and Amalia vein zones could have been down dropped by post mineral faulting giving them the potential to host new silver shoots. We plan to test these new targets along with those previously disclosed in the near future.”
Click here to read the entire press release.
March’s Stock Challenge Slipping Away
Long-time member ‘screefer‘ is more than 150% ahead of the next closest Challenger with a 210.95% return. With only four days remaining, it will be nearly impossible for member ‘minerjoe‘ and his 52.88% return to catch him.
Long-time member of nearly 10 years, past Stock Challenge Champ and Calgary native, ‘coldflame‘ has put together a great month. He was sitting with a 36.11% return at the close of trading Monday.
Member ‘kaypay‘ selected Minaurum Gold and saw his return improve by 9.51%.
