Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Resource Estimate

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

By The Northwire Desk — AI Analysis Jan 28, 2026 · 11:16 MGG · 0.6 Minaurum Silver Inc.
Executive Summary

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.

Material Impact

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.

MGG · Price
Company Overview

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.

Read the original news release →

More from Minaurum Silver Inc.

Nov 05, 2026 · 07:31

Minaurum’s best Africa step-out results highlight that resource definition, rather than individual drill hole assays, is the primary driver of the company’s valuation.

Drill Results Oct 22, 2026 · 08:46

Minaurum’s Blind Africa vein shows good grades in thin widths, with the resource update serving as the primary catalyst for the project.

Drill Results Sep 24, 2026 · 08:46

Minaurum reports narrow, high-grade silver step-outs, though the market prioritises resource tonnes over isolated intercepts.

Drill Results Sep 22, 2026 · 08:46

Minaurum’s underground rehab at Promontorio yields high-grade channel samples, validating historic stopes.

Drill Results Aug 25, 2026 · 08:46

Minaurum reports a 17 m wide true silver vein at 369 g/t AgEq in its step-out drilling at the Quintera project.

Drill Results Jul 28, 2026 · 08:46

Minaurum’s geological modeling upgrade supports a second-half 2026 resource update at the Alamos Gold Project.

Drill Results