HONG KONG, April 20 /PRNewswire-FirstCall/ - Orofino Gold Corp. (PINK OTC: ORFG) ("Orofino Gold" or the "Company") has several viable Gold development properties in Colombia, a current hot spot of gold production in the world markets.
Orofino Gold has performed due diligence on many prospective properties and has categorized the Senderos de Oro properties as good high priority, high return opportunities for immediate investment. These properties are in areas of known gold reserves, and have current small scale production of Gold. These Colombian projects have low production costs and multi million ounce potential. Colombia is currently one of the major gold producing countries in the world and Orofino is delighted to be there at the present time. Orofino Gold plans to drill one of these gold anomalies in the first quarter of 2010 and will finalize the target next month following the hiring of a new project manager who is familiar with this area.
Orofino Gold is set to follow the example of Ventana Gold. Ventana Gold has similar properties in Colombia, and prior to their drilling program, Ventana Gold was trading at under $0.50 and at present, given the abundance of gold encountered, and the richness of their properties, Ventana Gold is trading at much higher prices having hit a high of $12.80.
About Orofino Gold Corp. (PINK OTC: ORFG)
Orofino Gold is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG.
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.
SOURCE Orofino Gold Corp.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article