Minaurum Announces Initial Resource Estimate at Alamos Silver Project of 55 Million Ounces AgEq Grading 320 g/t AgEq
Maiden resource establishes high-grade silver floor as Minaurum shifts focus to district-scale expansion
On January 28, 2026, Minaurum Silver Inc. (TSXV: MGG) announced its maiden Inferred Mineral Resource Estimate (MRE) for the 100%-owned Alamos Silver Project in Sonora, Mexico. The estimate, based on 104 drill holes (35,888 metres), defines an Inferred resource of 5.37 million tonnes grading 320 g/t silver equivalent (AgEq). This equates to 34.8 million ounces of silver and 55.2 million ounces of AgEq. The resource is concentrated in portions of only three vein zones: Promontorio, Travesia, and Europa. Management highlighted that the resource remains open for expansion and that a 50,000-metre Phase II expansion drill program is currently underway.
The news is Material - Positive. This MRE provides a formal valuation floor for the company, transitioning it from a pure exploration play to a resource-stage developer. - High Grade: A grade of 320 g/t AgEq (containing 202 g/t pure silver) is robust for an underground bulk-tonnage prospect in Mexico. - Exploration Upside: The current resource is derived from only 3 of the 26 identified vein zones on the property. This confirms the "district-scale" potential management has long marketed. - Sensitivity: At a higher 175 g/t AgEq cut-off, the grade increases to 350 g/t AgEq while still maintaining 50.6 million ounces AgEq, suggesting the deposit has a high-grade core that is not overly sensitive to cut-off fluctuations. - Timeliness: The release is in line with the "early 2026" timeline promised in late 2025 news releases, demonstrating management execution.
Minaurum Silver Inc. (formerly Minaurum Gold) is focused on high-grade silver projects in Mexico and the USA. - Flagship Project: The Alamos Silver Project in Sonora, Mexico. It is a past-producing district with historic production estimates of over 200 million ounces of silver. - Secondary Project: Lone Mountain CRD project in Nevada, acquired in 2025, which provides jurisdictional diversification and exposure to zinc-lead-silver.