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

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From: doughman	7/7/2011 1:41:13 PM
	of 5

<b<CuOro Mobilizes Drill Rig to its Santa Elena Property, Colombia VANCOUVER, BRITISH COLUMBIA July 7, 2011 -- CuOro Resources Corp. (TSX.V:CUA; FSE:6BC) ("CuOro" or the "Company") is pleased to announce that first of three drill rigs has been mobilized on its Santa Elena property in Colombia for its Phase I diamond drill program. Drill rigs 2 and 3 are expected to arrive sequentially in August and October and it is expected to take approximately six to seven months to complete the Phase 1 drill program. Drill Program The Phase 1 drill program has 68 holes planned at varying depths from 70 to 600 meters and spaced at 100 meters to 150 meters along the northerly axis of the TEM anomaly, which extends approximately 900 meters (north-south) by 500 meters (east-west) and remains open to the north. It is anticipated that Phase 1 drilling will commence in the next few days once mobilization is complete. The drill program’s objectives are to define the extent of mineralization at depth of the TEM anomaly and the Volcanogenic Massive Sulfide (VMS) outcrops. The first holes will be setup parallel to the VMS outcropping structures known as TEM 1 (El Azufral) and TEM2 (El Arroyo) and will be drilled on a pattern and angled to 45 degrees to cut the structures at varying depths. Vertical holes of up to 600 meters over the VMS outcrops to test the geophysical anomaly and mineralization at depth are also planned. Robert Sedgemore, CuOro’s CEO, said: "Starting our Phase I drill program is a major milestone for the Company, and we anxiously await our first results.”

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