Orofino Gold Corp. (ORFG): Establishing of Electrical Service Promoting Growth for La Azul
MEDELLIN, Colombia, May 5, 2011 /PRNewswire/ -- In its continued efforts to improve infrastructure in the region, Orofino Gold Corp. (OTCQB: ORFG) has been working with Colombian utilities supplier Electricaribe to establish power to the villages of the local populations within Orofino's concessions. Buena Sena was supplied with electricity in July of 2010. And by mid May, Orofino expects to have complete electrical service established at La Azul.
La Azul's connection is coming from an intermediate station operating at 13,200 cycles/second located in the town of Rio Viejo. Once operational, La Azul's infrastructure is expected to initially be tied into a 50 kva transformer.
"When the power connection was established in Buena Sena last year, it was a very important date for that community," explains Orofino President and CEO, Mr. Ary F. Pernett Marquez. "Imagine what it would be like to have publicly supplied electricity for the first time in your life. We're excited that the residents and miners of La Azul will also be getting the benefits of such a vital piece of infrastructure."
In addition to providing a critical piece of infrastructure to promote growth of La Azul village, Orofino expects the connection to the region's power grid to significantly improve production capabilities of mine workers. As current production is being performed with outdated equipment powered only by generators, connecting La Azul to the region's power grid will enable Orofino to introduce modern mining equipment and technology.
Orofino Gold is a Colombian based gold producer, founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino's corporate objective is to continue to build shareholder value through the exploration and development of The Senderos de Oro Gold Camp and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
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.
For further information, visit www.orofinogoldcorp.com
SOURCE Orofino Gold Corp.