MEDELLIN, Colombia,
April 25, 2011 /PRNewswire/ --
Orofino Gold Corp. (OTCQB: ORFG) is releasing the results of an
updated technical report on its mining concessions in Sur de
Bolivar, Colombia. This 2010
report confirms and reinforces the promising findings of previous
claim holders. This initial report was produced on behalf of
Orofino by Thomas H. Carpenter,
P.Geo of Discovery Consultants, Orofino's Geological
Consultants hired to assist with the production of a
comprehensive 43-101 compliant report. In his analysis, Mr.
Carpenter makes the following conclusion:
"[Shaw] observed that the Metallogenic zonation around
Cerro San Carlos evokes a very
viable 'hidden porphyry' exploration model. Based upon exploration
carried out by Metallica it was clear that the area hosts
significant gold, copper and silver mineralization, which may be
amenable to the development of bulk-tonnage and/or high-grade
underground gold-silver-copper exploration targets. [Shaw's]
interpretation and the prospectivity of the area have been
confirmed by the author."
Mr. Carpenter's findings reiterate the potential of Orofino's
concessions and why Guavita S.A., Metallica Resources, AngloGold,
and others have valued them over the years. Mr. Carpenter's
confirmation of earlier analysis is assisting Orofino as it
progresses toward ultimate development of these sought-after
claims. For access to the complete Carpenter report, as well as the
original report by Robert P. Shaw,
P.Geo, visit www.orofinogoldcorp.com.
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.