Aloro Mining Corp. – TSXV: AORO | OTC: WLRMF | FWB: 4LPP
Price: $0.055 CAD - $0.015 USD – €0.024 EUR
Common Shares: 55.1 Million
Warrants: Nil
Options: 400,000 @ $0.10
Held By Management & Major Shareholders: 49%
All information found in the 2023 company presentation:
https://aloromining.com/site/assets/files/5248/aloro_mining_corp__presentation_march_2023v2.pdf Company description:
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 project is under a $5-million (U.S.) option agreement to Alamos Gold.
Quitovac was acquired after the third quarter results. Year end results are to be released end of April which will have more information regarding the asset. Los Venados is a joint venture project between Aloro Mining and Alamos Gold. More information can be viewed in their March 2023 company presentation.
Recent News:
October 14, 2022 - Aloro Provides Los Venados Option Update
https://aloromining.com/news/news-releases/aloro-provides-los-venados-option-update/ January 31, 2023 - Aloro to Acquire the Historic Quitovac Mine Project
https://aloromining.com/news/news-releases/aloro-to-acquire-the-historic-quitovac-mine-project/ March 20, 2023 - Aloro Announces Private Placement
https://aloromining.com/news/news-releases/aloro-announces-private-placement-1/ Additional information regarding Quitovac from the prior land owner:
https://cdn-ceo-ca.s3.amazonaws.com/1i0u76n-Santa%20Cruz%20Annual%20Report%201996.pdf https://cdn-ceo-ca.s3.amazonaws.com/1i0u775-Santa%20Cruz%20Gold%20NR_Qutovac%2019970225.pdf