Aloro More Than Doubles Land Position in Mulatos Gold District
June 26 2018 - 7:00AM
ALORO MINING CORP. – (“Aloro” or the “Company”)
(TSX.V:AORO) (FRANKFURT:4LPP) is pleased to announce that, through
its Mexican subsidiary, Exploraciones Aloro, S.A. de C.V., has
acquired a further 1,675 hectares, contiguous to the Company’s
current 1524 hectares Los Venados claims, bringing Aloro’s current
land position in the Mulatos Gold District to 3,199 hectares.
The new concession was acquired directly from
the Mexican Government Mines Department. On June 14, 2017, the
General Directorate of Mines declared this mineral concession free
and open by its publication in the Official Gazette of the
Federation.
On July 13, 2017, Exploraciones Aloro, S.A. de
C.V. filed an application in order to acquire the new mining
concession in the State of Sonora and after following the
corresponding procedure, a title proposal was sent to the Mines
Department. On March 23, 2018, Exploraciones Aloro, S.A. de C.V.,
was granted the full rights and obligations with title number
246230 in the Municipality of Sahuaripa in the State of Sonora. The
concession is valid until March 22, 2068. The Company received the
official Title in its name when it was delivered to its office in
Chihuahua, Mexico, on June 9, 2018.
The new claims can be found on the Company’s
website: WWW.ALOROMINING.COM
A link showing an updated claim map can be found
here:
http://www.aloromining.com/i/maps/los-venados/Aloro-Map-final.jpg
A link showing an air photo of the close
proximately to production in the area are here:
http://www.aloromining.com/i/maps/los-venados/Los-Venados-Sat-Aloro.jpg
Thomas A. Doyle, President, CEO, stated, “We
feel very fortunate that this land came open and our application
was accepted in an area that is very competitive. This concession
was the only land in the immediate area that has not been staked
and claimed. We now share borders with Alamos Gold Inc to the
north, east, south, and Agnico Eagle Mines Limited to the
west.”
About Aloro Mining Corp.
Aloro controls the 3199 hectare Los Venados
Project (LV) which is located in the central part of the Mulatos
Gold District and is directly adjacent to the active Mulatos open
pit of Alamos Gold Inc. to the south. The western border is shared
with Agnico Eagle Mines Limited where it operates the La India open
pit. The known mineralization within the Mulatos District is
gold-dominant, with accessory silver and copper.
ALORO MINING CORP.
Per: “Thomas A. Doyle”Thomas A.
DoylePresident & CEO |
http://www.aloromining.com/
For further information, please
contact:Thomas A. DoyleLogan
AndersonPhone: (604)
689-5722 Email:
info@aloromining.com |
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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