VANCOUVER, June 29, 2018 - 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.
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.
Per: “Thomas A. Doyle”
Thomas A. Doyle, President & CEO
For further information, please contact:
Aloro Mining Corp.
Thomas A. Doyle / Logan Anderson
Phone: (604) 689-5722