Arco Signs 10 Year Access Agreement at Tres Hermanas Property in Oaxaca, Mexico

Arco Resources Corp. (TSX VENTURE:ARR) ("Arco" or the "Company") announces that
its Mexican subsidiary, Arco Exploraciones S.A. de C.V. ("Arco Mexico"), has
signed a ten year development access agreement with the community of San
Sebastian Rio Dulce ("Rio Dulce") for Arco's Tres Hermanas claims package. Rio
Dulce approved the execution of this agreement under the articles of the
National Agrarian Registry in Mexico. The claims included under the agreement
are the Tres Hermanas 1 and 2 claims and the Khulan claim totaling 3671
hectares, all 100% staked and owned by Arco Mexico. Under this agreement, Arco
will receive access to communal lands to allow exploration, drilling and mining
exploitation in the Rio Dulce jurisdiction according to the laws of the Federal
Government.


"This is a precedent-setting agreement for the future of mining in Oaxaca," said
Arco's President Warren McIntyre. "It is key to the future success of all of our
exploration efforts in Oaxaca. While we had prioritized our projects based on
infrastructure and potential, we needed long-term access in order to realize on
our investment at Tres Hermanas thus far. This agreement fulfills that need and
is a win-win agreement for both Arco and the community of Rio Dulce. Over the
term of the agreement, Arco has committed to environmental-impact studies,
providing medical and dental services for the local community, funding of a
pharmacy and ambulance service, the extension and reconstruction of existing
classrooms, and the installation of communication antennas. We have also
committed to the hiring of personnel from Rio Dulce for our exploration efforts,
and the purchase of forest products from the community. We will provide up to
MXP500,000 (approx. US$40,000) over the next few years for the construction of
the community church. Additionally, a committee will be formed to facilitate the
disposition of all funds and to ensure that the commitments on both sides are
followed."


"Arco's community relations team worked for over 18 months to realize this
agreement and it represents a real success story," McIntyre added, acknowledging
the skill and effort put forth by Arco's team of Tito Jimenez and Don Miguel
Cormick, under the leadership and guidance of Juan Lopez, Arco's Country Manger
and Director General.


The Tres Hermanas claims are subject to a Letter of Intent with Zodiac Capital
Ltd., an Australian company, under which Arco will grant Zodiac the right to
acquire up to a 100% interest in these claims.


About Arco Resources

Arco holds a 100% interest in seven mineral claim blocks, all located in the
State of Oaxaca, Mexico. The Company has begun to focus its efforts on its
Taviche and Predilecta claim blocks, each of which has had historical production
of gold and silver. The Company currently has agreements in principle to option
100% interests in its Lachiguiri, Silacayoapan and Nino Perdido properties (to
Silex Ventures Ltd.) and in its Tres Hermanas property (to Zodiac Capital Ltd.).
For further information on the Company please go to www.arcoresources.com.
Follow Arco on Facebook.


On behalf of the Board of Directors of Arco Resources Corp.

Warren McIntyre, President and Chief Executive Officer

Arco Resources Corp.

Arco Resources Corp. (TSXV:ARR)
過去株価チャート
から 5 2024 まで 6 2024