Orofino Gold Corp: The Company explores Potential Epithermal Deposit Near Rio Viejo, Bolivar, Colombia
LAS VEGAS, NV, July 29, 2013 /PRNewswire/ - Orofino Gold Corp. (PINK OTC: ORFG) ("Orofino Gold" or the "Company") is pleased to announce that in the Colombian mining districts of Sur de Bolivar, nearer to Rio Viejo where the Company has rediscovered a potential hidden porphyry system as reported by the Company's consulting Geologist Michael James, CPG.
The southern Bolivar region has become one of the principal gold producing areas of Colombia since the 1980's and new deposits are being discovered and worked down to 50 m of depth, by small miners using inefficient methods of mineral extraction and processing. Initial indications suggest that this property might contain a hidden porphyry.
There are important mesothermal vein deposits being worked on the SW corner of the Batholith and very rich alluvial deposits in the same area have sustained industrial mining for close to a hundred years (Segovia, Remedios, Zaragoza and El Bagre).
The Bolivar region of Colombia and particularly Sur de Bolivar has grown to be the principal production area of precious metals in the country over the last 25 years, almost completely through small and medium sized mines working in up to 170 different sites. These sites demonstrate the potential richness of veins formed in these structures (OROFINO has assay sample results at over 140 g Au/t, 1011 g Ag/t and 5% Cu, from these various sites). In contrast the most recent work holds an interesting possibility that the 54X area shows a structural signature that may be a hidden porphyry. Further detailed technical work is planned and will be outlined in subsequent releases.
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.