Oro Gold Increases Land Position South of Trinidad Property, Mexico
Wed Jun 10, 3:58 PM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2009) - Oro Gold Resources Ltd. ("Oro Gold" or the "Company") (TSX VENTURE: OGR.V) reports that it has staked a 579 square kilometre (57,900 Hectare) concession - Tigra Negra, in the state of Nayarit, Mexico. The land position encompasses two historic gold mining areas, Los Cucharas and El Tigre. Government geochemical data indicates broad gold anomalies in stream sediments. The new property is located approximately 20 kilometres to the southeast of the Trinidad project where Oro Gold is currently drilling a new high-grade discovery and defining a gold resource.
The addition of Tigra Negra gives Oro Gold a controlling land position of over 2,350 square kilometres (235,000 hectares) of contiguous concessions to the Trinidad property in Sinaloa and Nayarit, Mexico.
The 100%-owned property was acquired based on government geochemical data showing highly anomalous gold (up to 985 ppb gold) over a large area in stream sediments, and the existence of historic gold workings.
"We have added a large tract of very prospective ground along the same trend that is similar geologically to what we are exploring at Trinidad. This is a strategic move based on our current success in this emerging gold district. Our Tigra Negra property is highly anomalous in gold and under-explored," commented Frank Powell, Oro Gold's Vice-President.
Dominique Fournier, Ph.D., Economic Geology, a qualified person as designated by National Instrument 43-101, has reviewed the technical contents of this release.
About Oro Gold
Oro Gold is a publicly-listed junior gold exploration company with 11 projects located in Mexico and Panama. The district scale 651 km2 Trinidad property continues to be the company's top priority project and the main focus of exploration and resource definition efforts. Oro Gold's corporate mandate is to maintain low costs in gold resource acquisition and discovery while growing the company's gold assets to attract producing companies.
ON BEHALF OF THE BOARD OF DIRECTORS
Darren Bahrey, President and CEO
Some statements in this release may contain forward-looking information. These statements include, but are not limited to, statements with respect to future exploration, development and production activities and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the time and success of future exploration, development and production activities and the timing and amount of expenditures.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts
Darren Bahrey
Oro Gold Resources Ltd.
President and CEO
604 646-1580
604 642-2411 (FAX)
www.orogoldresources.com |
