Minaurum Gold (MGG-V)
www.minaurum.com
48 million o/s
Insiders own 20%
Institutional own 50%
$1.7 million in the kitty
No debt
Key people:
Darrell Rader, BBA
President and CEO
Mr. Rader is responsible for the company's corporate development, marketing and financing. Having raised over $50 million for mineral exploration and development over the past 5 years, Mr. Rader has significant contacts with institutional investors. He previously served as the Manager of Corporate Development for Energold Drilling Corp and IMPACT Silver Corp. Over his eight year tenure, Energold grew from three drill rigs to over eighty in its fleet and IMPACT was transformed from a grass roots silver explorer into a profitable silver miner. Mr. Rader is currently a director of Source Exploration Corp., a Mexican focused exploration company and Defiance Silver Corp., a near-term Mexican Silver Producer. Mr. Rader holds a Bachelor of Business Administration (Finance) from Simon Fraser University.
Company presentation
minaurum.com
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Geologist Merrill McHenry Keeps His Eye on the Guerrero Gold Belt - The Gold Report
MMcH: I am super-excited about Minaurum Gold (MGG-V) Late this year it will probably start drilling on its Vuelcos del Destino project, just southeast of Goldcorp's Los Filos project.
I visited Vuelcos and you can see the intrusive zones as plain as day. The project also has large areas of intrusives and jasperite—hallmarks of good prospectivity—complemented by interesting airborne geophysics.
Vuelcos is a high-impact, high-risk, high-reward situation. Minaurum has only $7M or so in market cap, but it has about five projects now. I expect the company will joint venture its Santa Marta project—a former producing mine with significant copper mineralization at surface.
Minaurum's most immediate way to unlock value is to drill Vuelcos in the Guerrero. In my opinion, there is very likely gold there. The question is how long a strike and how much gold. The surface and intriguing airborne geophysics are great, but not definitive.
One of the best things you get with Minaurum is board member Dave Jones, a noted geologist. He found Los Filos. To have his expertise guiding the drill program in such a fertile region is a strong indicator that you are looking at some very interesting projects that you would not normally find in a small-cap company. |
