ALORO MINING CORP. – (the “Company”) has completed drilling at the Los Venados (LV) Project and has received the assay results. The drilling included four drill holes for approximately 1347 meters of drilling. The four drill holes were targeting to locate and test a “blind” mineralized felsic dome structure adjacent to the Mulatos active mine’s high grade Escondida gold bearing felsic dome. This target was projected from data and mapping all acquired from the completion of 12 prior drill holes in late 2018 and more specifically by drill hole LVRC-012.
The stratigraphy and structural projections indicated a felsic dome zone occurring in the southeastern part of the Venados concession.
Drilling of these most recent drill holes successfully located a felsic dome with sulfide contents ranging from 3 to over 10 weight percent pyrite content in pervasive altered volcanic flow units and intrusive dome rock unit up to 200 meters thick. Geological success was not rewarded while the assays results showed only very low grade gold in scattered intercepts of gold content throughout the broad zone of pyritized felsic dome. Other elements present are broad anomalous arsenic with irregularly weakly anomalous bismuth and lead and zinc. More resolution of geochemical patterns in the concession are planned, however the southeastern area of the concession is not being targeted for further ground work.
Los Venados June 2019 Drill Map:
Los Venados Geological Cross Section of Drilling:
Best Intervals of Drilling:
|Drill hole ID||From (m)||To (m)||Length (m)||Au (g/t)||Ag (g/t)|
Thomas A. Doyle, President, CEO, stated “Good application of geologic data allowed successful discovery of the mineralized dome, however we are disappointed by the low gold content intercepted. We will evaluate the technical aspects of the Los Venados Concession data to determine quality of remaining gold targets.”
Melvin A. Herdrick, PGeo, a qualified person under NI 43-101, is responsible for the technical content contained in this press release. Mr. Herdrick has supervised the preparation of and approved the scientific and technical disclosures in this news release.
About Aloro Mining Corp.
Aloro controls the 3,199 hectare Los Venados Project which is located in the central part of the Mulatos Gold District and the western border of which property is shared with Agnico Eagle Mines Limited where it operates the La India open pit mine. The Los Venados Project is directly adjacent to the active Mulatos open pit of Alamos Gold Inc. to the south. The known mineralization within the Mulatos District is gold-dominant, with accessory silver and copper.
|ALORO MINING CORP.|
Per: “Thomas A. Doyle”
Thomas A. Doyle
President & CEO
For further information, please contact: Thomas A. Doyle
Phone: (604) 689-5722
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