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Gold/Mining/Energy : CuOro Resources Corp. (TSXv: CUA)

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From: doughman	9/8/2011 9:21:49 AM
	of 5

CuOro Provides Santa Elena Exploration Update MEDELLIN, COLOMBIA--(Marketwire - Sept. 8, 2011) - CuOro Resources Corp. (TSX VENTURE:CUA)(FRANKFURT:6BC) ("CuOro" or the "Company") is pleased to provide an update on the Company's exploration efforts to date, the progress it has made, and its plans on a move forward basis at its Santa Elena Copper-Gold project (Santa Elena). Over the last five months, the Company has established its base of operations and office in Medellin and has assembled a very talented management and technical team with over 60 employees working on Santa Elena. Drilling Update In mid-July the Company received final environmental approvals and mobilized the first drill rig to site to start its Phase 1 25,000-meter drill program at Santa Elena. To date six HQ diamond drill holes at depths ranging from 54 meters to 248 meters for a total of 692 meters have been completed. All six of the drill holes have been drilled from the same drill pad location at different angles and directions. Core has been logged, split at 1m half samples and sent to the SGS laboratory in Medellin for sample preparation and SGS laboratory in Lima for assay. Results from these first holes are expected to be ready for release shortly. The initial drill program will continue with 68 holes planned at varying depths from 70 meters to 600 meters and spaced at 100 meters to 150 meters along the northerly axis of the TEM anomaly, which extends approximately 900m (north-south) by 500m (east-west) and remains open to the north. A second drill rig is scheduled to arrive in the coming days. A channel sampling program of the Knapp exploration tunnel that is located along strike of TEM-1 on the edge of the halo of the TEM survey and extends underground for over 120 meters has also been initiated. The tunnel contains extensive visible mineralized sulphides. Historical rock chip samples from the tunnel returned up to 3.3% Cu and 4.4 g/t gold. The tunnel has been mapped and channel sample locations selected and marked over the full length of the tunnel.

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