FRANKFURT Symbol 4LPP
August 20, 2021 TSX.V Symbol AORO
FRANKFURT Symbol 4LPP
ALAMOS RESUMES DRILLING ON LOS VENADOS
ALORO MINING CORP. – (the “Company or Aloro”) is pleased to announce that Alamos Gold Inc.
(“Alamos”) has informed Aloro that after a short break and evaluation it has resumed its
reconnaissance drill exploration program on the Los Venados claims, Mulatos District, Sonora Mexico.
Alamos’ current drill program is focusing on the low sulfidation epithermal gold mineralized area to
the north where gold mineralization at surface has been identified. The drilling will be following up on
the regional mapping and new sampling programs pe rformed by the Alamos geologists, as well as
initial exploration programs and da ta collected by Aloro. The Alamos geological team continues with
detailed mapping and sampling of the Los Venados #1 and #2 concessions.
Alamos has already exceeded its first year exploration expenditure commitment.
Alamos has the option to acquire a 70% interest from Aloro by incurring an aggregate of USD$5,000,000
in exploration expenditures and making certain cash payments over the course of three years in two
mining concessions, commonly known as the Lo s Venados Project located in the Municipality
Sahuaripa, in the State of Sonora, Mexico. (See news release of October 20, 2020)
As the operator, Alamos will be conducting the exploration on the Los Venados Project until a
participation level is attained.
Thomas A. Doyle, President, CEO, stated “We ar e very pleased with Alamos’ thorough exploration
program to date on the Los Venados Project. “
About Aloro Mining Corp. Aloro holds the 3199 hectare Los Venados Project (LV) which is located in
the Mulatos Gold District and is directly adjacent to the active Mulatos open pit of Alamos Gold Inc. to
the south. Aloro also shares with Alamos, common borders to the east and north. The western border
is shared with Agnico Eagle Mi nes Limited where it operates th e La India open pit. The known
mineralization within the Mulatos District is gold -dominant, high and low sulfidation mineralized
systems, with accessory silver and copper.
ALORO MINING CORP.
Per: “Thomas A. Doyle”
Thomas A. Doyle
President & CEO
http://www.aloromining.com
For further information, please
contact:
Thomas A. Doyle
Phone: (604) 689-5722
Email: [email protected]
P.O. Box 72011
Vancouver, BC V6R 4P2
Canada
Tel: (604) 689-5722
Email: [email protected]
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.