MEDELLIN, Colombia, April 25, 2011 /PRNewswire/ -- Orofino Gold Corp. (OTCQB: ORFG) is releasing the results of an updated technical report on its mining concessions in Sur de Bolivar, Colombia. This 2010 report confirms and reinforces the promising findings of previous claim holders. This initial report was produced on behalf of Orofino by Thomas H. Carpenter, P.Geo of Discovery Consultants, Orofino's Geological Consultants hired to assist with the production of a comprehensive 43-101 compliant report. In his analysis, Mr. Carpenter makes the following conclusion:
"[Shaw] observed that the Metallogenic zonation around Cerro San Carlos evokes a very viable 'hidden porphyry' exploration model. Based upon exploration carried out by Metallica it was clear that the area hosts significant gold, copper and silver mineralization, which may be amenable to the development of bulk-tonnage and/or high-grade underground gold-silver-copper exploration targets. [Shaw's] interpretation and the prospectivity of the area have been confirmed by the author."
Mr. Carpenter's findings reiterate the potential of Orofino's concessions and why Guavita S.A., Metallica Resources, AngloGold, and others have valued them over the years. Mr. Carpenter's confirmation of earlier analysis is assisting Orofino as it progresses toward ultimate development of these sought-after claims. For access to the complete Carpenter report, as well as the original report by Robert P. Shaw, P.Geo, visit www.orofinogoldcorp.com.
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.