Apr 29 2019
Canadian gold exploration company, Aloro Mining Corp., is happy to report that a permit application submitted on April 1st, 2019 has been accepted and that a new permit has been granted by The Secretariat of Environment and Natural Resources (SEMARNAT) on April 24th, 2019.
Aloro Mining Corp received this information from its environmental consultant, via its Mexican subsidiary Exploraciones Aloro, S.A. de C.V.
The permit (Informe Preventivo) specifies and comprises of 14 drill holes, the construction of 14 drill sites, and the building of about 1,500 m of access roads so as to reach the site locations of 14 new drills. The latest permit has a validity of two years.
The new permit is concentrating on the blind target located in the southeast corner of the Los Venados (LV) concession. Drill hole LVRC-012 discovered this LV concession. That hole intersected 32 m blind strong silicic alteration with sulfides and brecciated vuggy silica hosting the best gold intercept of 4.57 m of 1.72 gpt Au. It is interpreted that the intercept is the margin of hidden felsic dome akin to that containing high-grade mineralization in the Escondida zone located 1,300 m to the east.
We are very pleased that SEMARNAT reviewed our application and has turned it around quickly. New mapping and sampling by the Aloro geological team in the southeast portion of the property has identified new mineralised structures in addition to what was intercepted in LVRC-012. I look forward to getting the drill rig back on the property and follow up on the discoveries we have found in the southeast portion of the project.
Thomas A. Doyle, President and CEO, Aloro Mining Corp.