Orofino Gold Announces Strategic Production and Cash Flow Plan Expected To Include Construction of 20-40 TPD Mill At La Estrella Project, Colombia
LAS VEGAS, NV, Feb. 28, 2013 /PRNewswire/ - Orofino Gold Corp. ("Orofino" or the "Company") (OTCQB: ORFG.PK) and its Board of Directors announced today the Company's strategic production and cash flow plan is expected to include construction of a 20 to 40 metric ton per day mill at the La Estrella Project in Colombia.
Orofino Gold's strategic focus in the Sur de Bolivar Department of Colombia is to develop a modern mining operation at La Estrella that has the potential to create cash-generating partnerships with local Artisanal miners. Anticipated development includes permitting and environmental improvements to help facilitate sustainable and profitable long-term production.
Orofino's corporate objective is to build shareholder value through the exploration and development of the Senderos de Oro Gold Camp and other potentially accretive acquisitions by capitalizing on the experience and industry relationships management has developed over the past 25 years. Orofino expects to add new technical and financial expertise to its roster as the Company advances its strategic production and cash flow plan. Orofino will announce these additions as they develop and are consummated by the Board of Directors.
Orofino Gold is a Colombian-based gold exploration company initially founded in 2009 as a private corporation by executives with over 50 years of collective experience in mining exploration, finance and development.
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.