The recent drill program was designed to test the felsic dome complex located 1,500m northwest of the active Alamos Gold Inc. Estrella Pit, exploring for high-grade Escondida-type gold mineralisation. A gold-mineralised rhyolitic dyke was intercepted that is inferred to be a feeder to the blind and intact dome complexes further to the southeast.

Aloro's drilling intercepted numerous intervals of low-grade high sulphidation gold. Drill holes LVRC001-011 were focused on the soil gold anomaly associated with the outcropping felsic dome complex.

Drilling results from the dome complex drill holes indicate a southeast-directed vector toward increasing alteration and mineralisation, which was tested by drill hole LVRC-012.

Technical advisor Ken Balleweg, P. Geo, who managed the discovery and ore control of the high-grade Escondida zone said: "The style of mineralisation in LVRC012, particularly the coarse vuggy nature with crystalline quartz, octahedral pyrite, and tetrahedrite, strongly resembles that of the Escondida high-grade deposit, which was distinctly different from the main Mulatos style of mineralisation. As this style of mineralisation is unique and was both within and proximal to the high-grade deposit, the intercept of similar alteration in a previously undrilled area is significant and warrants additional step-out holes."

Thomas A. Doyle, president and CEO, added: "We are pleased to have obtained gold and alteration intercepts in the drilling that has directed us to a high-grade gold target in the southeastern part of the Los Venados concession area. The near-term plan is to get the drill back out to the property and follow up on what we have learned from drill hole #12."