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Aloro Mining Corp.
Summary
| Project: | Los Venados | |
|---|---|---|
| Deposit: | Los Venados | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 2/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-2-2019: Aloro Mining Corp. announces an Exploration/Drilling Update report for its Los Venados deposit at the Los Venados project. Drilling results incl. 7.62m @ 1.131g/t Au, 32.3g/t Ag from 254.51m. ALORO MINING CORP. – (the “Company” or “Aloro”) is p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Melvin A. Herdrick (Not stated) | |
| ABSTRACT: | ALORO MINING CORP. – (the “Company” or “Aloro”) is pleased to provide an update from its recently completed Reverse Circulation (RC) drill program on the Company’s Los Venados gold Project. Aloro completed 12 RC drill holes for a total 1,747 meters drilled. All drill holes intercepted high sulphidation type alteration and mineralization. The recent drill program was designed to test the felsic dome complex located 1500m northwest of the active Alamos Gold Inc. Estrella Pit, exploring for high-grade Escondida-type gold mineralization. A gold-mineralized rhyolitic dike was intercepted that is inferred to be a feeder to the blind and intact dome complexes further to the southeast. Aloro’s drilling intercepted numerous intervals of low-grade high sulphidation gold. Drill holes LVRC001-011 were focused on the soil gold anomaly associated with the outcropping felsic dome complex. The thickest intercept was in LVRC-1 with 18.3 meters of 0.2 gpt. Au. LVRC-005 had an interval consisting of 3.05 meters with 1.45 gpt. Au. Drilling results from the dome complex drill holes indicate a southeast-directed vector toward increasing alteration and mineralization, which was tested by drill hole LVRC-012. The hole cut 32m of blind strong silicic alteration with brecciated vuggy silica and sulfides containing the best gold intercept of 4.57 meters of 1.72 gpt Au. The intercept is interpreted to be at the margin of concealed felsic dome similar to that hosting high-grade mineralization in the Escondida zone 1300m to the east, and warrants further drilling. | |
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