Vancouver, British Columbia--(Newsfile Corp. - October 2, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum" or "the Company") is pleased to announce that it has entered into an agreement (the "Agreement") with Nevada Zinc Corp. ("Nevada Zinc") to purchase an initial 25% beneficial interest and an option to acquire a 100% registered and beneficial interest in Nevada Zinc's Lone Mountain carbonate replacement deposit ("CRD") project located on the Battle Mountain-Eureka Trend in Nevada, USA ("Lone Mountain" or the "Project"), as further detailed below.

Nevada Zinc completed a Preliminary Economic Assessment of the viability of potentially mining the zinc mineralization at the Project in June 2019 (NI 43-101 Preliminary Economic Assessment and Technical Report, Peimen Ling & Associates Limited, June 27, 2019 or see Nevada Zinc news release dated June 27, 2019 (the "PEA"). In accordance with the disclosure in the PEA, the Project is a brownfields project with a historic inferred mineral resource estimate of 3,257,000 tonnes of mostly oxidized material grading at 7.57% Zn and 0.70%. Select drilling highlights include: hole LM-15- 27 that returned 118.87 m at 9.58% Zn and 0.74% Pb; and hole NLM-17-08 that intersected 24.7 m grading 23.06% Zn. The PEA also demonstrated a 35%. see & read more on
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