Minaurum Gold Inc. provided an update from both Fortuna Silver Corp. ("Fortuna") and Infinitum Copper Corp. ("Infinitum"), optionors of Minaurum's Mexican Taviche (Oaxaca) and Adelita (Sonora) projects, respectively.

Infinitum made significant progress at the Adelita copper project intersecting high-grade copper and gold mineralization and outlining additional drill targets. At the Taviche project, Fortuna identified several high-priority drill targets and is preparing to apply for drill permits. Minaurum is focused advancing its Alamos silver project, Santa Marta gold-copper project and the Aurifero gold project.

Minaurum is actively seeking partners for its non-core projects in Mexico. Taviche is located immediately adjacent to Fortuna's producing San Jose Silver Mine and the two are probably parts of the same epithermal silver district. Taviche hosts an epithermal silver vein that saw considerable historical production and drilling has intersected wide zones of silver mineralization.

Fortuna and its wholly owned subsidiary Compania Minera Cuzcatla S.A. de C.V. have an option to acquire an 80% interest by making cash payments totaling $1,450,000 and incurring USD 4 million in work expenditures. Minaurum's interest is carried until such time that Fortuna completes an initial 43-101 resource, a Preliminary Economic Assessment ("PEA") and has made a positive production decision. Adelita is a high-grade copper-silver-gold skarn-porphyry system that Minaurum optioned to Infinitum in 2021.

As per the option agreement, Minaurum was issued 6,105,438 shares in addition to retaining a 20% carried interest through to the completion of a Preliminary Economic Assessment ("PEA"), an initial 43-101 Mineral Resource Estimate, and $4.75 million in work expenditures. Infinitum Copper went public on the TSX Venture on March 16, 2022 and began an exploration drilling program shortly afterwards. Infinitum has identified five main target areas and has been drilling at the Cerro Grande target.

Infinitum is also planning to drill the Las Trancas target, where a 2022 discovery trench revealed 9.15 m of 16.45 g/t gold, 1.90% copper and 3.50 g/t silver. Infinitum's 2022 Cerro Grande drill program has returned significant intersections including 20.60 m of 1.91% copper, 2.00 g/t gold, and 40.91 g/t silver (Hole AD-22-0018) and 32.25 m of 1.01% copper, 0.52 g/t gold and 39.69 g/t silver (Hole AD-22-0019). The drilling, combined with the results of previous drilling at Adelita, indicates the Cerro Grande skarn mineralized zone is up to 36 metres thick, over 250 metres deep and has a strike length exceeding 200 metres.

It is still open along strike and down dip. Abundant magnetite coincides with the highest-grade mineralization.