Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:
DRI)(OTCQX: DRIFF)(FRANKFURT: DO5) is pleased to provide
clarification on Minera Afrodita's drill permit - the permit is in
good standing and drilling is scheduled to recommence in due
course. The drill program will focus on defining and expanding the
extensions of the Taricori high-grade gold mineralization to the
east and at depth. Dorato has a right to acquire 100% of Minera
Afrodita.
Dorato has also received from Minera Afrodita the final analysis
for drill hole TAR-013 from Minera Afrodita - results are as
follows: 38.93 metres grading 7.05 g/t gold and 48.4 g/t silver,
including 7.37 metres grading 33.48 g/t gold and 153.8 g/t
silver.
"The first drill program on the Peruvian extensions of the
emergent world-class Cordillera del Condor Gold-Copper Belt has
been extremely successful -- drilling of the first target on
Afrodita's extensive 800km2 land package, where Dorato can acquire
100%, has resulted in the discovery of high-grade gold
mineralization over significant widths," stated Keith Henderson,
Dorato's President and CEO. "The potential to make additional
discoveries beyond the Taricori Gold Zone is excellent and we look
forward to results from ongoing work through 2010."
Outside of Taricori, the 2010 work program will focus on drill
testing the Lucero bulk tonnage gold-copper target, contingent on
receipt of drill permits - Lucero is interpreted to be related to
gold-rich porphyry mineralization. Mapping and drill target
definition of the approximately 29km2 Cobrecon copper-gold porphyry
target is in progress. Additional airborne geophysics is planned as
part of a larger program to screen 650 square kilometres of
permissive prospective terrain, which as yet remains
unexplored.
FINAL TAR-013 DRILL RESULTS
Drillhole TAR-013 was drilled in a north-westerly direction
(Figures 1 & 2) and was designed to test the intersection
between a northeast-trending mineralized trend and an east-west
structural - lithological contact. Core angles within the
intersection are variable, reflecting the complex structural nature
of the zone, but it is thought that the overall zone is close to
true width.
Table 1: Hole TAR-013 Final Results
DRILLHOLE FROM TO WIDTH GOLD SILVER
--------------------------------------------------------------------------
TAR-013 Interval 1 13.45 m 52.36 m 38.93 m 7.05 g/t 48.4 g/t
including 27.37 m 50.14 m 24.14 m 11.10 g/t 67.6 g/t
including 32.74 m 40.11 m 7.37 m 33.48 g/t 151.9 g/t
--------------------------------------------------------------------------
(i) using a cut-off of 0.25 g/t gold and allowing 2.5m of dilution
These final results are not materially different from
provisional results previously reported (NR10-08) for drillhole
TAR-013. The intersection of 38.93 metres grading 7.05 g/t gold
compares favourably with the provisional grade of 7.12 g/t gold.
This includes 7.37 metres grading 33.48 g/t gold which compares
favourably with the provisional grade of 33.78 g/t gold.
The metallic screen assay method reports grade weighted between
fine and coarse fractions. Metallic screen results from drillhole
TAR-013 demonstrate that an abundance of the gold occurs in the
fine fraction of these samples, and there is good reproducibility
as compared to the 50g gravimetric fire assay method, particularly
for the highest-grade samples. The same was previously found when
samples for TAR-012 were repeated using the metallic screen method,
so it appears that high grade samples at Taricori are repeatable,
which is very positive.
To view Figure 1: Taricori Geology, click on the following link:
http://media3.marketwire.com/docs/DRIfig1401.jpg
SUMMARY OF TARICORI DRILL RESULTS
DRILLHOLE FROM TO WIDTH GOLD SILVER
-------------------------------------------------------------------------
TAR 001 Intersection 1 78.0 110.2 32.2m 1.03 g/t 4.3 g/t
including 89.0 96.0 7.0m 1.94 g/t 3.6 g/t
and 103.52 106.8 3.28m 2.29 g/t 2.8 g/t
-------------------------------------------------------------------------
TAR 002 Intersection 1 28.7 36.7 8.0m 0.70 g/t 3.0 g/t
Intersection 2 316 328 12.0m 4.58 g/t 2.1 g/t
including 316 320 4.0m 12.81 g/t 3.7 g/t
-------------------------------------------------------------------------
TAR 003 Intersection 1 35.0 49.0 14.0m 0.93 g/t 6.6 g/t
including 35.0 39.0 4.0m 2.22 g/t 11.5 g/t
Intersection 2 81.0 94.0 13.0m 1.36 g/t 9.2 g/t
including 90.0 92.2 2.2 3.48 g/t 35.3 g/t
-------------------------------------------------------------------------
TAR 004 Intersection 1 38.0 52.0 14.0m 0.92 g/t 1.7 g/t
Intersection 2 79.3 83.3 4.0m 1.61 g/t 9.8 g/t
Intersection 3 148.45 150.0 1.55m 1.81 g/t 14.7 g/t
-------------------------------------------------------------------------
TAR 005 Intersection 1 39.0 45.0 6.0 0.59 g/t 8.2 g/t
Intersection 2 152.4 156.45 4.05m 0.78 g/t 13.9 g/t
-------------------------------------------------------------------------
TAR 006 Intersection 1 24.0 62.1 38.1m 0.51 g/t 4.7 g/t
Intersection 2 69.95 75.0 5.05m 0.73 g/t 3.0 g/t
Intersection 3 126.77 154.0 27.23 0.75 g/t 10.4 g/t
-------------------------------------------------------------------------
TAR 007 Intersection 1 42.8 44.25 1.45m 4.59 g/t 37.9 g/t
Intersection 2 45.2 61.58 16.38m 1.89 g/t 57.9 g/t
including 45.2 48.0 2.8m 3.49 g/t 126.3 g/t
and 50.25 54.6 4.35m 3.12 g/t 88.8 g/t
-------------------------------------------------------------------------
TAR 008 Intersection 1 65.0 67.75 2.75m 2.78 g/t 47.9 g/t
Intersection 2 87.68 96.37 8.69m 3.29 g/t 61.0 g/t
and 93.97 96.37 2.40m 8.42 g/t 187.7 g/t
-------------------------------------------------------------------------
TAR 009 Intersection 1 4.8 8.5 3.7m 1.45 g/t 3.7 g/t
Intersection 2 43.5 49.5 6.0m 1.46 g/t 6.9 g/t
-------------------------------------------------------------------------
TAR 011 Intersection 1 0 3.0 3.0m 4.95 g/t 5.3 g/t
Intersection 2 23.56 24.8 2.54m 4.14 g/t 18.4 g/t
Intersection 3 32.86 33.65 0.79m 8.34 g/t 35.6 g/t
-------------------------------------------------------------------------
TAR 012 Intersection 1 16 34 18.0m 41.58 g/t 46.9 g/t
including 20 34 14.0m 53.37 g/t 59.6 g/t
and 22.0 23.22 1.22m 602.98 g/t 574.94 g/t
Intersection 2 49.3 72.0 22.70m 2.96 g/t 16.2 g/t
including 64.96 72.0 7.04m 7.4 g/t 22.7 g/t
and 64.96 65.91 0.95m 32.39 g/t 88.7 g/t
-------------------------------------------------------------------------
TAR 013 Intersection 1 13.45m 52.36m 38.93m 7.05 g/t 48.4 g/t
including 27.37m 50.14m 24.14m 11.10 g/t 67.6 g/t
including 32.74m 40.11m 7.37m 33.48 g/t 151.9 g/t
-------------------------------------------------------------------------
A total of 13 drillholes have been completed from three drill
platforms, testing 250 metres east-west and approximately 100
metres vertically. Significant intersections to date are summarized
below in Table 2 and drillhole locations are outlined in Figures 1
and 2.
To view Figure 2: Taricori Drill Section, click on the following
link: http://media3.marketwire.com/docs/DRIfig2401.jpg
Cordillera Del Condor Background
The Cordillera Del Condor District has been one of the most
important gold-bearing areas in Ecuador and Peru since pre-Incan
times. On the Ecuador side of the border, historical small-scale
but high-grade, gold production is reported to have exceeded
100,000 ozs. per year.
Modern exploration on the Ecuadorian side of the border has
recently resulted in the discovery of multiple world-class gold and
base metal-bearing deposits, such as Kinross Gold Corp's Fruta del
Norte Gold deposit (inferred resources of 13.6 million contained
ounces gold at 7.23 g/t gold), Corriente Resources Inc.'s Mirador
Copper-Gold porphyry deposit (measured & indicated resources of
438 million tonnes at 0.61% copper, 0.19 g/t gold, and inferred
resources of 235 million tonnes at 0.52% copper, 0.17 g/t gold) and
the Mirador Norte Copper-Gold porphyry deposit (171 million
indicated tonnes at 0.51% copper, 0.09 g/t gold plus 46 million
inferred tonnes at 0.51% copper, 0.07 g/t gold), and Dynasty Metals
& Mining Inc's Jerusalem Gold deposit in the Chinapintza
district (measured & indicated resources of 0.58 million ounces
gold at 12.4 g/t gold plus an inferred resource of 0.71 million
ounces at 11.5 g/t gold). The technical information with respect to
the above deposits was obtained through the respective company's
public disclosure documents available on SEDAR.
Qualified Person
EurGeol Keith J. Henderson, P.Geo. Dorato's President and CEO
and a qualified person as defined by National Instrument 43-101,
has reviewed the scientific and technical information that forms
the basis for this news release. Mr. Henderson is not independent
of the Company as he is an officer and a director.
The analytical results were reviewed by Tansy O'Connor-Parsons,
Senior Geochemist. Minera Afrodita on-site personnel rigorously
collect and track samples which are then security sealed and
shipped to ACME Laboratories, Cuenca, Ecuador for preparation and
on to Vancouver, BC for analysis. Au is analyzed by fire assay on a
30g aliquot followed by fusion and an ICP-OES finish. Samples
greater than 10 ppm are analyzed by classical gravimetric fire
assay. ACME's quality system complies with the requirements for the
international standards ISO 9001:2000 and ISO 17025:1999.
Analytical accuracy and precision are monitored by the analysis of
reagent blanks, reference material and replicate samples. Quality
control is further assured by the use of international and in-house
standards. Certified reference material, blank material, and
quarter-core duplicates are inserted at regular intervals into the
sample sequence by field personnel prior to shipping in order to
independently assess analytical accuracy and precision. In
addition, representative blind duplicate samples are routinely
forwarded an ISO-compliant third party laboratory for additional
quality control.
On behalf of the board of directors of DORATO RESOURCES INC.
Keith J. Henderson, President and CEO
About Dorato Resources Inc.
Dorato Resources Inc. is mineral exploration company focused on
the highly prospective Cordillera del Condor Gold District in
northern Peru and adjacent to the border with Ecuador - one of the
most important gold-bearing districts in the region since pre-Incan
times. Dorato, through a series of option agreements, has the right
to wholly acquire an extensive land package of approximately 800
square kilometres - providing the Company a highly strategic
position in this emergent gold district. Dorato is well funded and
possesses experienced management with a proven track record.
Cautionary Statement
This press release contains "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and "forward looking information" within the
meaning of the British Columbia Securities Act and the Alberta
Securities Act. Generally, the words "expect", "intend",
"estimate", "will" and similar expressions identify forward-looking
information. By their very nature, forward-looking statements are
subject to known and unknown risks and uncertainties that may cause
our actual results, performance or achievements, or that of our
industry, to differ materially from those expressed or implied in
any of our forward looking information. Statements in this press
release regarding Dorato's business or proposed business, which are
not historical facts are forward-looking information that involve
risks and uncertainties, such as estimates and statements that
describe Dorato's future plans, objectives or goals, including
words to the effect that Dorato or management expects a stated
condition or result to occur. Since forward-looking statements
address events and conditions, by their very nature, they involve
inherent risks and uncertainties. Actual results in each case could
differ materially from those currently anticipated in such
statements. Investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date they
are made. All of the Company's Canadian public disclosure filings
may be accessed via www.sedar.com and readers are urged to review
these materials, including the technical reports filed with respect
to the Company's mineral properties. The foregoing commentary is
based on the beliefs, expectations and opinions of management on
the date the statements are made. The Company disclaims any
intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Dorato Resources Inc. Steve Stakiw Manager - Corporate
Communications (604) 638-5817 Dorato Resources Inc. Michael Pound
Manager - Investor Relations (604) 638-5817 (604) 408-7499 (FAX)
info@doratoresources.com www.doratoresources.com
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