MEDELLIN, Colombia,
April 21, 2011 /PRNewswire/ --
Orofino Gold Corp. (OTCQB : ORFG.PK) is pleased to make public
historical exploration findings of its Colombian mining concessions
produced by a previous licensee before the eventual forfeiture of
that license. The technical data compiled by Geologist Robert P.
Shaw, P.Geo on behalf of Guavita S.A., whose claims to
the Sur de Bolivar concessions were purchased by Metallica
Resources, and, eventually by AngloGold provides detailed,
surface-level analysis of the area that now includes Orofino's
concessions.
Highlighted excerpts from this report include:
- "Gold mineralization is widespread, with virtually every rock
type and every structural orientation hosting veining returning
anomalous gold values."
- "The region is virtually unexplored from a modern metallogenic
standpoint, but ... it demonstrates very good potential for the
economic occurrence of: 1) large-scale high level,
volcanic-hosted epithermal gold deposits...; 2) porphyry-style
copper+- gold systems… and; 3) high-grade, mesothermal,
'Segovia'-style gold vein systems."
- "Ground reconnaissance to date, implies the potential presence
of an as yet poorly recognized metallogenic domain spanning 1000's
of square kilometers, which is only recently surfacing, in the form
of rather spectacular artisanal gold production."
The encouraging findings from this 1995 report resulted in
Guavita S.A. initiating a "fast-track evaluation" of its
concessions in preparation for diamond drilling. However, drilling
never commenced because the eventual licensor, AngloGold, withdrew
from the region due to social concerns. Orofino's acquisition of
the Sur de Bolivar concessions occurred following the area's
well-publicized stabilization. In this substantially improved
social and economic environment, Orofino is currently working
with the authors of these initial reports to bring them current to
2011. The complete historical report is available at
www.orofinogoldcorp.com, and updates to these reports will be
released as they become available.
Orofino Gold is a Colombian based gold producer, founded as a
private company in 2009 by former executives with over 50
cumulative years in mining exploration, finance, and development
expertise. Orofino's corporate objective is to continue to build
shareholder value through the exploration and development of The
Senderos de Oro Gold Camp and
additional accretive acquisitions, capitalizing on the extensive
experience and relationships that management has developed over the
past 25 years.
Forward-Looking Statements: The statements by our officers,
and other statements regarding optimism related to the business,
expanding exploration and development activities and other
statements in this press release are forward-looking statements
within the meaning of the Securities Litigation Reform Act of 1995.
Such statements are based on current expectations, estimates and
projections about the Company's business. Words such as expects,
anticipates, intends, plans, believes, sees, estimates and
variations of such words and similar expressions are intended to
identify such forward-looking statements. These statements are not
guarantees of future performance and involve certain risks and
uncertainties that are difficult to predict. Actual results could
vary materially from the description contained herein due to many
risk factors that affect the industry the Company operates in and
other risk factors listed from time to time in the Company's
Securities and Exchange Commission (SEC) filings under "risk
factors" and elsewhere. The forward-looking statements contained in
this press release speak only as of the date on which they are
made, and the Company does not undertake any obligation to update
any forward-looking statement to reflect events or circumstances
after the date of this press release.
For further information, visit www.orofinogoldcorp.com
SOURCE Orofino Gold Corp.