Minaurum Enters into New Long Term Community Agreements at its Alamos Silver Project
Minaurum Gold Inc. (“Minaurum”) (TSXV:MGG) (OTCQX:MMRGF) is pleased to announce the signing of new 29-year ejido community agreements that secure access for the exploration, construction and exploitation of the 100% owned and permitted Alamos silver project (“Alamos”) in Sonora, Mexico. With these agreements that cover both of the ejido’s at Alamos, along with the existing one in place with the municipality of Minas Nuevas, all of the communities located on the project support the advancement of Alamos.
Highlights of the Agreements
- Duration: 29-year extendable agreements that cover 100% of the core project area.
- Exploration and Mining: Allows for exploration, construction, mining and processing with no restrictions covering 6000 hectares.
- Strong Support: Unanimous approval by the La Aduana and Tetajiosa ejidos highlight Minaurum’s strong local support.
“These agreements mark another significant de-risking milestone and provide Minaurum with the long-term stability necessary to advance Alamos and realize its full potential,” stated Darrell Rader, President & CEO of Minaurum Gold. “Since the start of our exploration activities in 2016, we have supported local communities through many initiatives including employment and training programs, micro loan funding, environmental investments and infrastructure spending. We’re looking forward to working alongside the communities as we progress Alamos towards a maiden silver resource.”
The Alamos silver project is permitted through to production with an Environmental Impact Statement ("MIA”) allowing for exploration and underground mining activities (see Minaurum news release dated June 26, 2023).
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Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) is an Americas-focused explorer concentrating on the high-grade 100% owned, production-permitted Alamos silver project in southern Sonora, Mexico and the Lone Mountain CRD Project in Nevada, USA. Minaurum is managed by one of the strongest technical and finance teams and will continue its founders' legacy of creating shareholder value by acquiring and developing a pipeline of Tier-One precious-and base metal projects.
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 pannu@minaurum.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
1570– 200 Burrard Street
Vancouver, BC V6C 3L6
Phone: 778 330-0994
www.minaurum.com
info@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.
