Aloro Receives Permit to Drill and Construct Road Access
June 29 2018 - 7:00AM
ALORO MINING CORP. – (“
Aloro” or
the “
Company”) is pleased to announce that through
its Mexican subsidiary, Exploraciones Aloro, S.A. de C.V., has been
informed by its environmental consultant that the recently
submitted permit application was accepted and a new permit was
granted by SEMARNAT on June 27, 2018.
The old permit was for core drilling with a man
portable rig, did not allow for the construction of an access road
and was due to expire on July 30, 2018. The new permit will allow
for the drilling of 12 drill holes, the building of 12 drill sites
14 x 7 meters suitable for using a reverse circulation drill, and
the construction 3,693 meter access road 7 meters wide in order to
reach the 12 new locations. This is within the parameters and do
not exceed the Mexican rule NOM-120-SEMARNAT-2011. The new permit
is valid for 1 year, expiring June 27, 2019.
The change from core to reverse circulation (RC)
drilling is based on examples of drilled areas by other companies
in the immediate area where they obtained consistently better
sample recoveries with reverse circulation drills than they did
from comparable areas with core drilling. Further benefits to RC
drilling are that it is cheaper, quicker and is more
environmentally sensitive.
Thomas A. Doyle, President, CEO, stated, “We are
very pleased that SEMARNAT reviewed our application and has turned
it around quickly. The road construction to the drill sites will
open up new exposures for sampling in the mineralized area that
were previously undercover.”
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)
689-5722Email: info@aloromining.com
|
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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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