MEDELLIN, Colombia,
May 3, 2011 /PRNewswire/ -- Orofino
Gold Corp. (OTCQB: ORFG) has begun opening various exploration
adits and vertical shafts in the Culo Alzado mining area. These
exploration shafts are within the same boundary area where
geochemical anomalies were noted in the report by Robert P. Shaw, P.Geo, prepared in 1995 and
recently released by Orofino, as well as the recently released
technical report by Thomas H.
Carpenter, P.Geo, prepared on behalf of Orofino Gold
Corp.
The shafts are being developed along vertical veins roughly
oriented on a northeast trajectory. They are in close proximity to
nearby excavation projects artisanal miners have been successfully
developing for more than 30 years. Initial work on these
still-shallow areas has revealed vertical, mineralized veins of
gold deposits. Early results from samples taken from the
adits have shown in excess of 10 grams of gold per tonne in veins
up to one metre in width and open at depth. These promising
shallow-depth results indicate the potential for higher grades of
mineralization at deeper depths along the same axis. Orofino
expects to provide further information from these early-stage
explorations as information becomes 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.
SOURCE Orofino Gold Corp.