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(BSNS WIRE) Drilling Results, Cenizas Project, Chile,Drilling Results, Cenizas Project, Chile, , , Business Editors, , SALT LAKE CITY--(BUSINESS WIRE)--Jan. 24, 2000--Cerro Dorado,Inc. (CDCH on OTC-BB) has now received all assay results from the,December 1999 drilling program completed by the company on the Llano,claims portion of the Cenizas property located in northern Chile., The 16 reverse-circulation drill holes were designed to test,certain areas of the Llano claims as possible sites of large,porphyry-style gold and copper mineralization. The extensive,13,000-hectare Cenizas property has many of the earmarks of this type,of mineralization. In particular, there are extensive areas of,hydrothermal alteration and gold mineralization on or adjacent to the,West Fissure Fault. This fault is a major structure that has,controlled the emplacement of many of the world class copper/gold,porphyry ore bodies for which this part of Chile is famous., The following is a summary of significant drill intervals,encountered in this program:, ,*T, , DRILL HOLE FROM - TO INTERVAL AVERAGE GOLD, (M) (M) GRADE g/t, , RC99-01 0 - 40 40 0.705, RC99-01 64 - 80 16 0.467, RC99-01 94 - 122 28 0.266, RC99-03 3 - 22 19 0.971, RC99-03 78 - 130 52 0.243, RC99-08 0 - 12 12 0.222, RC99-08 96 - 116 20 0.249, RC99-09 0 - 12 12 0.356, RC99-09 38 - 60 22 0.821, RC99-09 78 - 92 14 0.220, RC99-09 118 - 150 32 0.201, RC99-10 0 - 70 70 0.326, RC99-10 80 - 86 6 0.793, RC99-10 110 - 120 10 0.495, RC99-14 72 - 96 24 0.209, RC99-15 2 - 14 12 0.295, ,*T, , In addition, several holes showed geochemically significant,values of copper, molybdenum and zinc. It is encouraging that,widespread, anomalous gold and base metal were encountered in this,drill program. Anomalous zones, such as these, are commonly found,peripheral to economic porphyry-style mineralization. For this reason,additional work is planned for the property., This drilling program completes a work obligation to Rio Tinto,Mining and Exploration Limited (Rio Tinto) on the Llano claims which,constitutes about one half of the Cenizas property. Cerro Dorado Inc.,has an option to earn a one hundred percent interest in the Llano,claims from Rio Tinto. Cerro Dorado, Inc. has a one hundred percent,interest, with no work obligations, on the other adjacent half of the,property., Cerro Dorado, Inc. is a junior exploration company that,specializes in the acquisition and exploration of gold properties in,Chile., ,On behalf of the Board of Directors, ,Per: Richard W. Cahoon, President, , ,For further information, contact Investor Relations at (801) 484-2668, , ,Note: This News Release may contain certain "forward-looking,statements" within the meaning of the United States Securities,Exchange Act of 1934, as amended. All statements, other than,statements of historical fact, included in this release, including,without limitation, statements regarding potential mineralization and,reserves, exploration results, and future plans and objectives of,Cerro Dorado Inc. are forward-looking statements that involve various,risks and uncertainties. There can be no assurance that such,statements will prove to be accurate, and actual results and future,could differ materially from those anticipate in such statements.,Important factors that could cause actual results to differ materially,from the Company's expectations are disclosed under the heading "Risk,Factors" and elsewhere in documents filed from time to time with the,United States Securities and Exchange Commission and other regulatory,authorities., ,*T, , Trading OTC/BB, Symbol CDCH, Cusip No. 156834, Tel: (801) 484-2668, Fax: (801) 486-3633, ,*T, , --30--hkz/cgo*, , CONTACT: Investor Relations, 801/484-2668, , KEYWORD: UTAH INTERNATIONAL LATIN AMERICA, INDUSTRY KEYWORD: MINING/METALS, ,Today's News On The Net - Business Wire's full file on the Internet, with Hyperlinks to your home page., URL: businesswire.com, , , , ,*** end of story *** |
