LAS VEGAS, NV, May 1, 2013 /PRNewswire/ - Orofino Gold Corp.
("Orofino" or the "Company") (ORFG.PK) on behalf of Board of
Directors the Company is pleased to announce that
the Company, as a result of various site visits and
meetings with Colombian and US Geologists who are well informed on
this area, have estimated that within the areas of existing lode
mines there are significant amounts of Gold along with Silver and
Copper. The Company has been focused on the surrounding areas of
existing gold mines where assays have averaged about 20 grams per
ton and extensions of known systems run for many hundreds of
meters. The target is to prove up to more than 1,000,000 ounces of
Gold with a Silver and Copper credits.
This model is of great interest to the company where the current
development program is to work the rich gold bearing veins while
the exploration team targets large, multi-million ounce bulk
minable Gold deposits.
This model has been proven out by 2 Multi-National Mining
Companies at La Colossa concession to the south west where they
have drilled off in excess of 14 million ounces of gold to
date.
Price of Gold as of May
1st, 2013 -
USD$ 1463/ounce
For More Information please visit the Orofino Gold website at:
www.orofinogoldcorp.com
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.