- Gold Investing News - http://goldinvestingnews.com -

Oro Gold Resources: Key to Discovery

June 30, 2008 @ 2:51 pm In Uncategorized

Oro Gold Resources

Overview

Oro Gold is a gold exploration company committed to making new discoveries in Mexico and Central America. The company is led by an unparalleled technical team with significant gold resource development experience and a passion for generative exploration. The company is focused on:

  • Drill Programs: discover and define gold resources at Trinidad & Cimarron (NI 43-101 compliant)
  • Joint Venturing: complete joint venture deals with key strategic partners to assist with exploration
  • of select properties in Oro's portfolio

  • Acquisitions: strategic acquisitions of properties located in prolific precious metal belts that that have the potential to host large multi-million ounce deposits
  • Marketing: generate awareness by increasing Oro's exposure in multiple capital markets

Oro Gold's ultimate goal is to discover a multi-million ounce gold deposit. With the management team focused in laying out the groundwork over the last two years, Oro Gold is now in a position to increase market awareness of their assets, and continue to build relationships with key investors in the capital markets.

Property Portfolio - Mexico

Oro Gold Mining Properties [1]

Trinidad District

Highlights:

  • Low-cost acquisition by staking Trinidad mine property (650km2)
  • Inferred Mineral Resource estimate (NI 43-101 compliant): 200,930 ounces gold (4.5 million tonnes @ 1.40 g/t Au at 0.5 g/t cut-off)
  • Mineral resource acquisition and discovery cost < $10 per gold oz
  • Over 8,000 metres drilled
  • 3 new zones discovered (1.2 million tonnes @ 1.73 g/t Au for 70,000 gold ounces)
  • Oxide & heap leachable
  • Open pit & underground targets

2008 Work Plan:

  • On-going resource modeling
  • Drilling to commence Q3 2008

Cimarron (Sinaloa, Mexico)

Highlights

  • Resource potential; optioned out to Mazorro Resources Inc.
  • Past drilling 0.6 g/t gold over 106 meters (not NI-43-101 compliant)
  • High grade channel samples: 11 g/t Au over 3 m; grab samples up to 128.4 g/t Au.
  • Currently drilling in Q2 2008

San Isidro (Sinaloa, Mexico)

Highlights

  • New discovery
  • 10.8 g/t Au over 5.7 metres at surface

El Habal (Sinaloa, Mexico)

Highlights:

  • Won in Mexican government lottery
  • Past drilling 1.3 g/t gold over 261 meters (not NI-43-101 compliant)

Ixtapan del Oro (Mexico D.F., Mexico)

Highlights:

  • Optioned out to Rockgate Capital Corp.
  • Best drill intercept: 0.58 g/t Au over 16.5 m
  • 6 diamond drill holes completed, 929 m.
  • Rosario Gold Belt Area [2]

    PROPERTY PORTFOLIO - Panama

    Oro Gold Panama Mining Properties [3]

    Sona (Peninsula, Veraguas Province, Panama)

    Highlights:

    • Intrusive related gold +/- copper target
    • Widespread gold occurrences have been identified through stream sediment sampling
    • Sampled 90 drainage basins representing 55% of the property
    • 15 basins covering 5 km2 are considered highly anomalous in gold, results range from 0.10 g/t to 2.14 g/t Au.
    • In addition, 42 of the 90 basins showed visible gold in panned concentrates.

    Cerro Aguiluchio

    Highlights:

    • A LS epithermal target. Gold values from rock samples returned up to 6.3 g/t Au, and in stream sediment samples up to 535 ppb Au.
    • Exploration contracts signed by Minister of Commerce, pending approval by Controlaria and publication in government gazette

    Juan Diaz Norte (Azuero Península, Los Santos Province, Panama)

    Highlights:

    • Disseminated gold mineralization of high sulfidation type.
    • Exploration contracts signed by Minister of Commerce, pending approval by Controlaria and publication in government gazette.

    Rio Viejo (Azuero Peninsula, Herrera Province, Panama)

    Highlights:

    • High sulfidation epithermal vein target
    • Exploration contracts signed by Minister of Commerce, pending approval by Controlaria and publication in government gazette

    Miguelito (Colon and Cocle Provinces, Panama)

    Highlights:

    • A potential LS epithermal vein target- strategic acquisition located east of Petaquilla
    • Exploration contracts signed by Minister of Commerce, pending approval by Controlaria and publication in government gazette

    Ambroya (Panamá Province, Panama)

    Highlights:

    • Porphyry Cu-Au target. Area is recognized for placer gold mining with bedrock source unknown
    • Exploration contracts signed by Minister of Commerce, pending approval by Controlaria and publication in government gazette.

    Maje (Panamá Province, Panama)

    Highlights:

    • Similar environment and target concept as Ambroya, located in the eastern Panama Cordillera.
    • Exploration contracts signed by Minister of Commerce, pending approval by Controlaria and publication in government

    Management

    • Darren Bahrey - President & CEO
    • Frank Powell - Vice President
    • Peter Kendrick, MBA - CFO
    • Eric Grill - Senior Project Manager

    Independent Directors

    • William Threlkeld, P. Geo., M.Sc.
    • Robert Kendrick, P.Eng., AMP
    • Ron Ewing, B.A.

    Directors

    • Darren Bahrey - President & CEO
    • Peter Kendrick, CFO

    Search for Oro Gold News

    Media Links

    Business Television (BTV) featuring Oro Gold on national tv and select US TV stations, May 2008 [4]

    Jay Taylor's New Buy Recommendation, March 2008 [5]

    Share Information

    Shares Issued:
    Fully Diluted:
    Warrants:
    Stock Exchange:
    22,267,706
    25,438,714
    1,618,300 @ $1.00 to December 18, 2009
    TSX-V: OGR

    Signup


    Article printed from Gold Investing News: http://goldinvestingnews.com

    URL to article: http://goldinvestingnews.com/141/oro-gold-resources.html

    URLs in this post:

    [1] Image: http://goldinvestingnews.com/wp-content/uploads/2008/06/oro-gold-mining-properties.bmp

    [2] Image: http://goldinvestingnews.com/wp-content/uploads/2008/06/oro-gold-rosario-gold-belt-area.bmp

    [3] Image: http://goldinvestingnews.com/wp-content/uploads/2008/06/oro-gold-panama-mining-properties.bmp

    [4] Business Television (BTV) featuring Oro Gold on national tv and select US TV stations, May 2008: http://www.orogoldresources.com/btv.html

    [5] Jay Taylor’s New Buy Recommendation, March 2008: http://www.orogoldresources.com/oro/userfiles/file/ORO-GOLD-RESOURCES-03-28-08-Article.pdf

    Copyright © 2010 Gold Investing News. All rights reserved.