LAS VEGAS, NV, June 12, 2013 /PRNewswire/ - Orofino Gold Corp.
(PINK OTC: ORFG) ("Orofino Gold" or the "Company") is pleased to
announce that in Colombian mining districts of Sur de Bolivar,
where the Company has its concessions under option has produced
approximately 7.8 billion dollars
worth (6 Million ounces) of Gold or 358
million dollars worth( 274,000 ounces) of Gold per year.
Colombian Government recorded gold production from the Sur de
Bolivar region, between 1987 and 1994 was 1,271,000 ounces of gold,
and the region is presently reporting the highest annual gold
production in Colombia, averaging
275,000 ounces per year since 1991.
This area has produced more than 6 million ounces using old
recovery methods, now after three years of observation and study,
Orofino Gold Corp. is working to create and implement a model that
offers business contracts to groups of local artisanal miners.
These contracts will require the artisanal miners to form
companies or cooperatives that comply with local employment and
other laws and agree to follow contract rules and procedures
(which were developed in consort with the mining communities), to
operate within the company's plan and deliver the ore to
Orofino's plant for proper optimal processing. The company will pay
these miners based on the US dollar spot price of the gold that is
recovered from the ore they deliver.
Orofino Gold Corp. is a mining exploration and development
company formed to acquire, develop, and exploit natural resource
properties focusing primarily on the rich, yet highly
underdeveloped gold deposits of Colombia in a socially and environmentally
responsible manner. The high-grade vein system was sampled by
Orofino and returned grades as high as 150g or 4.8 ozs/t of Au.
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.