Orofino Gold Corp: Sur de Bolivar region produced approx. 7.8 Billion dollars worth of (6 Million ounces) of Gold, or 358 mil...
12 Junio 2013 - 6:20PM
OTC Markets
Orofino Gold Corp: Sur de Bolivar region produced approx. 7.8
Billion dollars worth of (6 Million ounces) of Gold, or 358 million
dollars (275,000 ounces) of Gold per year. (based on current gold
prices)
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Orofino Gold Corp: Sur de Bolivar region produced approx. 7.8
Billion dollars worth of (6 Million ounces) of Gold, or 358 million
dollars (275,000 ounces) of Gold per year. (based on current gold
prices)
PR Newswire
LAS VEGAS, NV, June 12, 2013
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.
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