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Minera Alamos Announces Surface Rights Agreements Executed for Advancement of Cerro De Oro Gold Project
Key milestone to allow permitting activities to proceed Toronto, Ontario and Vancouver, Briti...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Minera Alamos Announces Surface Rights Agreements Executed for Advancement of Cerro De Oro Gold ProjectKey milestone to allow permitting activities to proceedToronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - June 21, 2022) - Minera Alamos Inc. (TSXV: MAI) (the \"Company\" or \"Minera Alamos\") is pleased to announce that it is in receipt of surface rights agreements for its Cerro De Oro gold project in northern Zacatecas, Mexico. The agreements, finalized at meetings held last week will allow the Company to finish remaining activities necessary for the Permit Application submission for the project. This will incorporate all the engineering, geological and other geotechnical work completed to date that collectively represent the plan to develop the Cerro de Oro gold project into the Company's second operating gold mine.The surface rights for the development of the Cerro de Oro project cover adjacent areas located in the Melchor Ocampo municipality (Zacatecas) and the Ejido San Pedro de Ocampo, (\"ejido\" - Coahuila) and allow for all activities necessary for the construction and subsequent operation of the Cerro de Oro gold mine.Total surface area of 816 Ha (656Ha in municipality and 160Ha in Ejido area), which is in excess of that required for the initial project development activities and allows for future growth should the current resources be expanded;Use of Area Agreement for a period of up to 25 years with annual rental payments;Commitments from the Company for limited social works in both the municipality and ejido areas. The Company has also agreed that qualified residents from both the ejido and the municipality areas will have preference for employment once the mine is operational. \"We are delighted to have concluded the process of securing these surface rights. Due to the presence of both municipal and ejido areas the overall process was longer than originally anticipated and we appreciate everyone's patience. While the surface discussions were ongoing the Company was able to complete the bulk of the engineering work required for the project development and can now move quickly to pull together the final submission of our permit applications for a new gold mine to be constructed at Cerro de Oro,\" stated Darren Koningen, CEO. \"We look forward to the development of an exciting new gold mining area th...