Aloro to Acquire the Historic Quitovac Mine Project

ALORO MINING CORP. – (the "Company" or "Aloro") is pleased to announce that it has signed an Option Agreement to acquire 100% of the Quitovac Gold Mine Project (Quitovac) in Sonora, Mexico. Quitovac is located in the prolific Mojave-Sonora Megashear, where a large part of Mexico's recent gold production is derived. Aloro has entered into the agreement with Cuesta Del Cobre, S. De R.L. De C.V. of Hermosillo, Sonora, Mexico.

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 area is located approximately 220 km northwest of Hermosillo, Sonora, the state capital, and 45 km south of the US International border at Sonoyta, Sonora, Mexico.

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.

Please see the Quitovac location map: 

Both "hardrock" gold mining and gold placer activity were described as being active south of Quitovac village around 1833-1840 with more extensive work being initiated around 1880 through 1910.  Total production of the "Quitovac mines" from these historic times was estimated at 150,000 oz. gold.

Please see the Quitovac historic photo: 

Four modern drilling campaigns at Quitovac have been completed and total 110 drill holes with 12,450 meters drilled.  

The following table specifies the various drill campaigns and company involved with each drill campaign.

CompanyYearNo. of drill holesMeters drilled
Penmont (Penoles-Newmont)1987-199063 RC plus 2 core6700
Santa Cruz199620 RC2885.5
Copper Ridge Exploration2004-200513 Diamond drill core1134.4
Minera Mystery2011-201212 RC1730

Terms of option are as follows:

Payment DateCash Payment AmountShare Issuance 
Within 30 days of the Approval Date$35,000+VAT200,000
On or before the date that is one (1) year after
the Approval Date
On or before the date that is two (2) years after
the Approval Date
On or before the date that is three (3) years after
the Approval Date
On or before the date that is four (4) years after
the Approval Date
On or before the date that is five (5) years after
the Approval Date
On or before the date that is six (6) years after
the Approval Date

This transaction is subject to the approval of the TSX Venture Exchange.

Thomas A. Doyle, President, CEO, stated "The acquisition of Quitovac gives Aloro a strong exploration presence in the Mojave-Sonora Megashear. I look forward to the news flow from this area as well as updates coming from Los Venados as Alamos Gold continues their exploration as part of their US$5,000,000 Option Agreement."

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. The western property boundary is shared with Agnico Eagle Mines Limited where it operates the La India open pit mine, and it 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, mainly high sulfidation epithermal type of mineralization, with accessory silver and copper.


Per: "Thomas A. Doyle"
Thomas A. Doyle
President & CEO

For further information, please contact:
Thomas A. Doyle
Phone: (604) 689-5722

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.