Frankfurt Symbol 4LPP Aloro Signs the Formal Documentation IN Mexico to Acquire the Historic Quitovac MINE Project
May 08, 2023 TSX.V Symbol AORO
FRANKFURT Symbol 4LPP
ALORO SIGNS THE FORMAL DOCUMENTATION IN MEXICO TO ACQUIRE THE
HISTORIC QUITOVAC MINE PROJECT
ALORO MINING CORP. – (the “Company” or “Aloro”) is pleased to announce that through its
Mexican subsidiary, Exploraciones Aloro, S.A. DE CV( Exploraciones) has signed the formal
documentation, in Mexico, with Cuesta Del Cobre, S. De R.L. De C.V. (Cuesta Del Cobre) of Hermosillo,
Sonora, Mexico to acquire 100% of the Quitovac Gold Mine Project (Quitovac) .
The Mexican agreement has been signed by representatives of both Exploraciones and Cuesta Del
Cobre, notarized, and will be filed with the Registro Público de Mineria, Mining Public Registry. The
agreement will govern the terms of the mining exploration and exploitation contract, and the mineral
rights assignment contract. This agreement is defendable in accordance with Mexican laws.
The Quitovac Gold Mine Project consists of 14 mineral concessions that cover 2,643.82 hectares of highly
prospective geological units for gold mineralization. The Quitovac mineralized area is classified with
the other orogenic shear zone gold deposits of the region including the gold mines of Mesquite, La
Choya (8kms south), La Herradura (35 kms south, produced over 425,288 oz Au in 2020), San Francisco,
and El Chanate. All these gold deposits are similar in character and are stated to be part of the Mojave-
Sonora Megashear.
Thomas A. Doyle, President, CEO, stated “The filing of this agreement in Mexico strengthens Aloro’s
position with the Quitovac Mine Project.”
About Aloro Mining Corp.
Aloro controls the 2,643.82-hectare Quitovac Mine Project located in the prolific Mojave-Sonora
Megashear, where a large part of Mexico’s recent gold production is derived. Aloro also
controls the 3,199- hectare Los Venados Project, which is located in the central part of the
Mulatos Gold District and is directly adjacent to the active Mulatos open pit mine of Alamos
Gold Inc. The Los Venados is under US $5,000,000 Option agreement to Alamos Gold Inc.
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]
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.