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Strategies & Market Trends : Ride the Tiger with CD

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To: Goose94 who wrote (160758)	5/27/2009 10:42:46 AM
From: Goose94	Read Replies (1) of 312636

Oro Gold (OGR-V) Canaccord Adams Senior Mining Analyst Wendell Zerb highlights that the best intersection of eight core holes thus far is: 8.5 g/t gold over 61 m, a strong indication the RC drilling was understating the grades. The company has released a handful of further encouraging drill results in the past week. Based on results to date, the Taunus zone appears to be about 350 m on strike, up to 50 m wide, and has been tested vertically over about 70 m. It appears to be open in all directions. Recent work by Oro Gold suggests a regional northwest-trending corridor could represent an extensional pull-apart basin. Some specifics relating to the extensional setting are that breccia/conglomerate units host mineralized clasts and a later higher-grade mineralized matrix. This could be an indication of multiple mineralizing events possibly associated with a long-lived extensional environment. Zerb notes that the 14-million-oz Fruta del Norte deposit (of Aurelian fame – now Kinross (K)) has been interpreted to be associated with an extensional pullapart basin environment.

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