Northwire Canada EditionTuesday, July 28, 2026
Northwire
MAI 4.30 −4.0% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.165 +6.5% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.290 −3.3% HMR 0.540 +0.0% NRC 1.00 +0.0% SIG 0.920 +0.0% LMR 0.120 +60.0% XTM 0.065 +0.0% CRG 0.215 −2.3% DEC 0.070 +0.0% EAU 0.100 +0.0% MAI 4.30 −4.0% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.165 +6.5% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.290 −3.3% HMR 0.540 +0.0% NRC 1.00 +0.0% SIG 0.920 +0.0% LMR 0.120 +60.0% XTM 0.065 +0.0% CRG 0.215 −2.3% DEC 0.070 +0.0% EAU 0.100 +0.0%
Drill Results Routine +

Minaurum Engages Dr. Paula Montoya and Launches Down-Hole Imagery Program to Enhance Geological Modeling of the Alamos Silver Project

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

Executive Summary

Minaurum Silver Inc. announced two strategic initiatives to enhance geological understanding at its Alamos Silver Project in Sonora, Mexico. The company engaged Dr. Paula Montoya, a Senior Economic Geologist and Research Fellow at CODES, to conduct a comprehensive district-scale geological study. This work will integrate lithogeochemical, petrographic, fluid inclusion, and geochronological data to build a 3D geological model.

Simultaneously, Minaurum contracted PROINFRA to perform gyroscopically oriented down-hole optical televiewer surveys on approximately 20 drill holes, totaling 7,000 meters. The imaging program targets the Europa, La Quintera, and Travesia vein zones to capture high-resolution structural data, aiming to improve drill-hole targeting, reduce exploration risk, and increase drilling efficiency. These initiatives directly support the ongoing Phase II 50,000-metre resource expansion drill program and facilitate the completion of an updated mineral resource estimate in the second half of 2026.

Material Impact

Minaurum Silver Inc. (MGG) released a routine follow-up to its December 2025 Phase II drilling expansion and January 2026 maiden resource estimate. The company engaged an external expert and conducted a down-hole imaging program, standard exploration practices for a junior miner advancing toward an updated resource estimate.

The news does not introduce new capital, operational changes, or unexpected geological discoveries. It reinforces the company's stated pathway to the H2 2026 MRE update. The market likely priced in this progression given the explicit timeline announced in prior releases.

MGG · Price
Company Overview

Minaurum Silver Inc. is a Canadian exploration and development company focused on precious and base metals. Its flagship asset is the 100%-owned Alamos Silver Project in Sonora, Mexico, which holds a 30-year MIA Mining Permit and benefits from established infrastructure and community agreements.

In January 2026, the company released a maiden resource estimate classifying 5.37 million tonnes grading 320 g/t AgEq, containing 55.2 million ounces of silver equivalent, as Inferred. Minaurum is currently executing a fully funded Phase II 50,000-metre core drilling program across six rigs. The program targets multiple vein zones including Europa, Promontorio, Travesia, Quintera, and San Jose.

Additional projects in the pipeline include Lone Mountain in Nevada, Adelita in the Sonora-Arizona copper belt, and several other exploration targets.

Read the original news release →

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