Minaurum Drills More High-Grade Silver at Alamos Silver Project

The most recent news, dated October 29, 2025, announces further high-grade silver drill results from the ongoing program at the Alamos Silver Project in Sonora, Mexico. Key intercepts include: - Hole AL25-142 in the Europa vein zone, which intersected 1.1 metres of 606 g/t silver and 4.53 metres of 275 g/t silver. - Hole AL25-148, also in the Europa zone, which intersected 1.4 metres of 300 g/t silver. - Hole AL25-141 in the Promontorio vein zone, which hit 4.8 metres of 154 g/t silver.

The CEO, Darrell Rader, stated that drilling continues to demonstrate the continuity of high-grade silver mineralization and that these results yield targets for further drilling and resource development.

This news is a routine update from a well-funded, ongoing drill program. While the grades, particularly 606 g/t silver, are high and confirm the nature of the mineralized system, the reported widths are narrow (e.g., 1.1 m and 1.4 m).

In the context of historical news, these results are less impressive than those reported earlier in the year which sparked significant investor interest. For example, the February 27, 2025 release highlighted an intercept of 36.65 metres of 328 g/t AgEq, and the February 13, 2025 release featured a bonanza-grade hit of 3.00 metres of 4,173 g/t AgEq. The more recent results of October 16 also included a wider intercept of 21.45 metres of 220 g/t AgEq.

The market has been conditioned by these more substantial prior results. Therefore, the latest announcement, while positive in that it continues to hit mineralization, does not materially advance the investment thesis or significantly de-risk the project beyond what is already known. It represents an incremental data point for the forthcoming maiden resource estimate. The stock has been in a downtrend since late September, indicating the market is now waiting for a more significant catalyst, namely the resource estimate itself, rather than just additional drill intercepts. This release is unlikely to reverse that trend.

The rating is "Routine - Positive" because it confirms mineralization as expected but lacks the combination of grade and width seen in previous, more impactful announcements.

Minaurum Gold Inc. is a precious and base metals exploration company focused on projects in Mexico and the United States.

Its flagship asset is the 100%-owned Alamos Silver Project in Sonora, Mexico. This is a high-grade, epithermal silver project located in a historic mining district. The project is notable for being permitted through to production. The company is aggressively drilling the property with the goal of defining a maiden mineral resource estimate. Recent exploration has identified a "stacked vein system," enhancing the project's potential.

The company also recently acquired the Lone Mountain CRD (carbonate replacement deposit) project in Nevada, which has a historical inferred resource of 3.26 million tonnes at 7.57% zinc.