Minaurum Silver Inc. Reports Promising Phase II Drilling Results at Alamos Project
Minaurum Silver Inc. (MGG.V) announced that its Phase II drilling program at the Alamos silver project in southern Sonora has produced a series of high‑grade intersections. The program identified a newly discovered “blind” vein that demonstrates potential for additional sizeable mineralized zones. The vein yielded strong silver‑equivalent grades over a multi‑metre interval. Other drill holes at Europa Sur, Quintera, and San Jose also reported high‑grade silver and associated base‑metal values.
The company stated that these results will support an upcoming update to its inferred resource estimate, expected later in 2026. Minaurum plans to continue its 50,000‑metre resource‑expansion program and aims to finalize the revised resource estimate within the year. The focus remains on expanding the high‑grade, 100 % owned Alamos property.
Trading and Market Data
- Current Price: CAD 0.22 (as of 05:28 PM Central Europe on Friday 23rd).
- Volume (last 24 hrs): CAD 94.7 k.
- Shares Outstanding: 516.5 million.
- Market Capitalisation: CAD 134.5 million.
- Price Change (last 24 hrs): –12.5 %.
- Price Change (last month‑end): –31.06 %.
- 200‑Day Simple Moving Average: CAD 0.38.
- 52‑Week High: CAD 0.65 (26 Jan 2026).
- 52‑Week Low: CAD 0.23 (22 Oct 2026).
Recent Performance of Peer Companies
| Company | Ticker | 24‑Hour Change | Current Price | Market Capitalisation |
|---|---|---|---|---|
| Strikepoint Gold | SKP.V | –12.9 % | CAD 1.35 | CAD 158.5 million |
| Terrascend | TSND.TO | +1.45 % | CAD 0.68 | CAD 158.7 million |
| Silver X Mining | AGX.V | –1.33 % | CAD 0.68 | CAD 157.8 million |
| Gladiator Metals | GLAD.V | –1.5 % | CAD 1.85 | CAD 161.1 million |
| Chesapeake Gold | CKG.V | –2.46 % | CAD 2.70 | CAD 160.7 million |
Silver X Mining has a price‑to‑earnings ratio of 60.35.
Company Profile
Minaurum Gold, Inc. is a materials company that specializes in exploring for gold and copper in Mexico. Its operations are primarily located in the Sinaloa and Oaxaca states. The company is listed on the TSX Venture Exchange and maintains a website at https://www.minaurum.com .
End of article
