Minaurum Extends Key Mining Permit at Alamos Silver Project
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: June 26, 2023 TRADING SYMBOL TSX.V:MGG
Minaurum Extends Key Mining Permit at Alamos Silver Project
Minaurum Gold Inc., (“Minaurum”) (TSXV:MGG) (OTCQX:MMRGF) is pleased to announce
that the Mexican Federal Environmental Authority ("SEMARNAT") has extended the
Environmental Impact Statement ("MIA”) for the development of Minaurum’s 100% owned, fully
production permitted Alamos Silver Project (“Alamos”) in the State of Sonora, Mexico. The
extension allows surface exploration and mining production activities, including the construction
of drill pads, clean-up of preexisting roads, and the rehabilitation and reactivation of historical
underground mine workings.
“With the extension of the MIA, Alamos becomes the only recent silver discovery in Mexico
that is fully permitted through construction,” stated Darrell Rader, President and CEO. “It is
a testament to our Mexican partners’ foresight that the mining permit was secured during
the project’s inception, and puts us in a highly advantageous position as we continue to define
silver resources. Given the current permitting environment in Mexico, securing these
permits adds considerable value to Alamos by significantly de -risking the path forward to
production.”
MIA Mine Permit Details:
• Long Term Validity: Alamos’ mining permit was granted on December 13, 2013 and is
valid for a period of 30 years starting on the date of the notice of commencement of
Minaurum’s exploration activities to SEMARNAT, the National Commission for
Protection of Natural Areas (CONANP), and the Federal Attorney for Environmental
Protection (PROFEPA), which occurred on October 18, 2016.
• Phased Exploration, Exploitation and Production Activities : The permit consists of
two phases. Phase 1, originally scheduled for 5 years and extended until August 10, 2025,
includes surface exploration, the reactivation of historical mines, the temporary storage of
mineralized material and equipment outside of mine entrances , and the transportation of
mineralized material to a stockpile area. Phase 2 will consist of a mine production plan to
be developed and submitted to SEMARNAT before the end of the extended Phase 1 period.
Minaurum controls 15 mining concessions covering the core 5,976 hectares and an
additional 31,952 hectares that lie to the west and south of the core area.
• Standard Use Requirements: A small portion of Alamos project lies inside the Sierra de
Alamos-Río Cuchujaqui Flora and Fauna Protection Area (“ANPFF”), which is
administered by CONANP. The SEMARNAT mining permit applies within the area, with
certain additional conditions and restrictions. Mineralized material may be mined but only
stockpiled temporarily on land within the ANPFF and then must be processed outside of
the ANPFF boundaries. Non -temporary equipment maintenance, service, and supply
facilities must also be located outside of the ANPFF boundaries.
• Environmental Studies: Plant and animal species must be monitored. Minaurum has
submitted reports on monitoring of flora and fauna in compliance with the requirements of
the protected area. Minaurum has conducted baseline studies on bat populations in relation
to exploration activities concluding that there should be no material impact from future
mining activities, see here for video - https://minaurum.com/investors/esg/.
• No Material Impact from Current Mexican Mining Reform: Minaurum believes that
there will be no material impact going forward on the status and validity of the issued
original MIA and extension.
Minaurum will continue to work with SEMARNAT on its ongoing activities at the Alamos silver
project and will provide updates accordingly.
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Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) is
a Mexico -focused explorer concentrating on the high -grade 100% owned fully production
permitted Alamos silver project in southern Sonora. Minaurum is managed by one of the strongest
technical and finance teams , and will continue its founders' legacy of creating shareholder value
to develop and acquire a pipeline of potential Tier One precious metals projects. Through a
portfolio containing Silver projects totaling 37,928 hectares; Gold projects totaling 25,933
hectares; and Copper projects totaling 12,856 hectares, Minaurum provides significant exposure
to precious and base metals . For more information, please visit our website at
www.minaurum.com and our YouTube Minaurum Video Channel.
ON BEHALF OF THE BOARD
“Darrell A. Rader”
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu – Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at [email protected]
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
news release.
___________________________________________________________________________
2710 – 200 Granville Street Telephone 778 330-0994
Vancouver, BC V6C 1S4 www.minaurum.com
Cautionary Note Regarding Forward Looking Information: This news release contains "forward -looking
information" within the meaning of applicable Canadian securities legislation. "Forward -looking information"
includes, but is not limited to, statements with respect to activities, events or developments that the Company expects
or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements
can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur"
or "be achieved" or the negative connotation thereof.
In making the forward -looking information in this release, Minaurum has applied certain factors and assumptions
that are based on Minaurum’s current beliefs as well as assumptions made by and information currently available to
Minaurum. Although Minaurum considers these assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect, and the forward -looking information in this release are subject to
numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed
or implied in such forward-looking information.
Readers are cautioned not to place undue reliance on forward -looking information. Minaurum does not intend, and
expressly disclaims any intention or obligation to, update or revise any forward -looking information whether as a
result of new information, future events or otherwise, except as required by law.