Dorato Receives Additional High-Grade Gold Results From Taricori Drilling
06 Julio 2010 - 8:00AM
Marketwired
Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:
DRI)(PINK SHEETS: DRIFF)(OTCQX: DRIFF)(FRANKFURT: DO5) is pleased
to announce it has received assay results from Minera Afrodita's
latest drill program on the Taricori Gold Zone within the
Cordillera del Condor project in northwest Peru. Dorato has a right
to acquire 100% of Minera Afrodita.
Results from four drill holes (TAR 014-017) have been returned
from the lab and indicate continuation of the significant gold
mineralization encountered at Taricori earlier this year.
Hole TAR-016 intersected 6.33 metres grading 22.67 g/t (0.66
oz/t) gold and 65.7 g/t (1.9 oz/t) silver (with 1.58 metres of
dilution at a 0.25 g/t Au cut-off); and hole TAR-015 returned 10.24
metres of 4.63 g/t (0.13 oz/t) gold. Minera Afrodita has drilled 25
holes to date and continues to aggressively test the Taricori
precious metal system. Additional mineralized intercepts are in the
assay laboratory and results will be released in due course upon
receipt.
"These latest drill results indicate the strong gold endowed
nature and continuity of mineralization at Taricori both along
strike and to depth," stated Keith Henderson, Dorato's President
and CEO. "We look forward to ongoing results from Minera Afrodita's
drill program that is successfully testing the Peruvian portion of
the world-class Cordillera del Condor Gold-Copper Belt."
Table 1: Taricori Drill Hole Assay Results(i) (holes TAR 014-017)
From To Thickness Au Ag Zn
Drill Hole (m) (m) (m) (g/t) (g/t) (%)
---------------------------------------------------------------------------
TAR-014 intersection 13.10 16.15 3.05 4.37 17.55 0.68
and 19.71 24.19 4.48 1.02 13.50 0.26
and 34.68 37.21 2.53 2.60 22.34 0.84
---------------------------------------------------------------------------
TAR-015 intersection 12.86 23.10 10.24 4.63 12.93 0.45
and 28.62 30.65 2.03 1.14 16.85 0.53
and 32.50 36.47 1.97 1.13 11.40 0.55
and 77.12 78.85 1.73 1.47 33.18 2.24
and 123.15 125.00 1.85 1.81 20.73 2.04
and 151.10 153.0 1.90 2.01 14.58 0.55
---------------------------------------------------------------------------
TAR-016 intersection 19.50 28.27 8.77 1.19 23.27 0.67
and 33.00 37.84 4.84 0.72 20.53 0.43
and 47.50 49.17 1.67 0.90 9.52 0.47
and 92.67 99.00 6.33 22.67 65.71 1.28
---------------------------------------------------------------------------
TAR-017 intersection 12.86 28.15 15.29 2.51 22.37 0.74
including 21.00 28.15 7.15 4.70 20.75 0.63
intersection 38.58 39.85 1.27 3.28 24.80 1.32
and 48.00 51.49 3.49 1.19 15.20 0.95
---------------------------------------------------------------------------
(i)using a cut-off of 0.25 g/t gold and allowing up to 4m of dilution
The initial focus of the Phase II drilling at Taricori is on
further defining and extending the mineralized zones towards the
east and at depth. The current program is testing the continuity of
the mineralizing structures, to determine the approximate
dimensions of the mineralized system.
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 an
intrusion-related gold-mineralized system. Mapping and drill target
definition on the approximately 29km2 Cobrecon copper-gold porphyry
target is in progress. Additional airborne geophysics is planned as
part of a larger program to screen the approximately
800-square-kilometres of prospective terrain that as yet remains
completely unexplored.
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.
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
950-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.
On behalf of the board of directors of Dorato Resources Inc.
Keith J. Henderson, President and CEO
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
(USOTC:DRIFF)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
(USOTC:DRIFF)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024