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VanGold Obtains Permits for El Pinguico Road Expansion

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New Route Will Lessen Impact on Local Community

 

VanGold Mining Corp (TSX-V:VGLD) is pleased to announce it has been granted permits by state and local government agencies to transform an existing historic pathway into an access and haulage road at its El Pinguico project located 7km south of the city of Guanajuato, Mexico.

 

VanGold Director Hernan Dorado said: “Our neighbours in the town of Calderones have been supportive and patient with VanGold as we have used roads on the outskirts of their community for some time. With this improved road our desire to be good neighbours – and quiet neighbours – will be better fulfilled. Now that we have permission from both relevant levels of government we expect road construction to be completed by mid-May 2021.”

 

Connecting the El Pinguico Shaft with the #4 and #7 Adit Portals:

 

Current travel from the El Pinguico shaft to the #4 and #7 adit access portals requires Company personnel to drive north, then exit off of VanGold mining claims, and travel through a portion of the town of Calderones, then south and back onto our claims – a drive of approximately 6km over rough and uneven gravel roads. When mining took place at El Pinguico 110 years ago, a much more direct route existed taking miners with mules and wagons up and over the large hill between the two locations.

 

That ‘mule track’ still exists, is only 1.5km in length and lies entirely on VanGold owned surface concessions. With state and local permits now in place, work will begin immediately to smooth and widen this right-of-way. The intention is to widen the road to accommodate 20 tonne trucks which the Company envisions will haul mineralised material from the #7 portal back to the Pinguico shaft, and onward to the El Cubo mill. The Company will also construct road pull-outs every 250 meters for trucks to pass one another. This road will become El Pinguico’s major thoroughfare for production, exploration, administration, and for safely purposes. The Company anticipates it will reduce driving time between the destinations from 40 minutes to 10 minutes, significantly reducing costs and wear on vehicles.

 

VanGold Adds Options for Investor Relations Group:

 

VanGold confirms that on March 24, 2021 the Company granted Mars Investor Relations Inc. (see news release dated February 17, 2021) additional stock options to purchase up to an aggregate of 350,000 common shares which shall vest over a two-year period, are exercisable up to five years from the grant date and have a strike price of $0.51 per share.

 

About VanGold Mining Corp.:

 

VanGold Mining is an exploration and development company engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company’s El Pinguico project is a significant past producer of both silver and gold located just 7 kilometers south of the city. Upon closing of the El Cubo acquisition, the Company will focus on the refurbishment of the El Cubo mill, and swift commencement of production from the El Cubo and El Pinguico Combined Operation, as well as delineating additional silver and gold resources through underground and surface drilling on its projects located in this 480 year old mining camp.

 

Posted April 8, 2021

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