Orofino Gold Corp: The Company finds a rich Gold and Silver resource in Colombia.
LAS VEGAS, NV, May 1, 2013 /PRNewswire/ - Orofino Gold Corp. ("Orofino" or the "Company") (ORFG.PK) on behalf of Board of Directors the Company is pleased to announce that the Company, as a result of various site visits and meetings with Colombian and US Geologists who are well informed on this area, have estimated that within the areas of existing lode mines there are significant amounts of Gold along with Silver and Copper. The Company has been focused on the surrounding areas of existing gold mines where assays have averaged about 20 grams per ton and extensions of known systems run for many hundreds of meters. The target is to prove up to more than 1,000,000 ounces of Gold with a Silver and Copper credits.
This model is of great interest to the company where the current development program is to work the rich gold bearing veins while the exploration team targets large, multi-million ounce bulk minable Gold deposits.
This model has been proven out by 2 Multi-National Mining Companies at La Colossa concession to the south west where they have drilled off in excess of 14 million ounces of gold to date.
Price of Gold as of May 1st, 2013 - USD$ 1463/ounce
For More Information 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.
More by this Source
Orofino Gold Corp: The Company negotiates Rio-Viejo Joint/Venture to add shareholder value.
Aug 08, 2013, 05:00 ET
Orofino Gold Corp: The Company Announces Major Stock Dividend to All Common Shareholders
Jul 31, 2013, 18:08 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.