MEDELLIN, Colombia, April 18, 2011 /PRNewswire/ -- Orofino Gold Corp. (OTCMarkets: ORFG) is pleased to announce results from random chip samples within their Culo Alzado mining area, on the north margin of Senderos de Oro, in Colombia that indicate high grades. A newly recognized gold and silver zone has been discovered in this mining area and the current exploration program will be escalated as recommended by the company's Qualified Person. A complete listing of Acme Analytical Laboratories reports is available on the Company's website at www.orofinogoldcorp.com.
- Random chip samples returned high grades to 31.80 grams of gold per tonne in average by adopting fusion method (G6Gr).
- Random chip samples returned grades to 66.80 grams of silver per tonne in average by adopting aqua regia digestion method (7AR).
The best results generated 52.20 grams of gold per tonne (or 1.68 troy ounces of gold per tonne) and 178 grams of silver per tonne (or 5.72 troy ounces of silver per tonne).
Chip samples returned 31.80 grams of gold per tonne in average (or 1.02 troy ounces per tonne).
Chip samples returned 66.80 grams of silver per tonne in average (or 2.15 troy ounces per tonne).
Laboratory Test Summary
Culo Alzado chip samples represent rocks from mining areas which were extracted from or near the vein systems. These rocks indicate high grades of gold and silver above industry-wide averages.
The chip sample grades are reported below:
These samples and their results are excellent with average grades exceeding 31 grams of gold and 66 grams of silver per tonne. The company will carry out more chip samples and begin larger scale trenching near the producing mines in the near future.
Orofino Gold is confident that diamond drilling at the Culo Alzado area will intercept better than average grades of gold and silver mineralization and will confirm continuity of the mineralized system to depth.
About Orofino Gold Corp.
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.orofinogold.com.
SOURCE Orofino Gold Corp.