Minaurum Enters into New Long Term Community Agreements at its Alamos Silver Project
Rhea-AI Summary
Minaurum Gold Inc. (MMRGF) has secured new 29-year ejido community agreements for its Alamos silver project in Sonora, Mexico. The agreements cover both La Aduana and Tetajiosa ejidos, providing complete access for exploration, construction, and mining operations across 6,000 hectares of the core project area. The agreements received unanimous approval from the communities and complement an existing agreement with the municipality of Minas Nuevas. The project is already permitted through to production with an Environmental Impact Statement allowing for exploration and underground mining activities.
Since 2016, Minaurum has supported local communities through employment, training programs, micro loan funding, environmental investments, and infrastructure spending. The company views these agreements as a significant de-risking milestone for advancing the project toward a maiden silver resource.
Positive
- Secured 29-year extendable community agreements covering 100% of core project area
- Project is fully permitted through production with Environmental Impact Statement
- Unanimous community approval indicates strong local support
- Agreements allow unrestricted exploration, construction, mining and processing across 6000 hectares
Negative
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum") is pleased to announce the signing of new 29-year ejido community agreements that secure access for the exploration, construction and exploitation of the
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. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) is an Americas-focused explorer concentrating on the high-grade
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233840
FAQ
What is the duration of Minaurum Gold's (MMRGF) new community agreements for the Alamos silver project?
How many hectares of land do the new MMRGF Alamos project agreements cover?
Which communities approved the new agreements for MMRGF's Alamos silver project?
What activities are permitted under MMRGF's new Alamos project agreements?
When did Minaurum Gold (MMRGF) receive its Environmental Impact Statement for the Alamos project?
