multi million oz potential
Oro Gold drills 8.5 g/t Gold over 61 metres - Trinidad, Mexico
Message: Oro Gold Extends HS Zone Intersecting 5.2 g/t Gold Over 19 Metres; Discovers New
Oro Gold Extends HS Zone Intersecting 5.2 g/t Gold Over 19 Metres; Discovers New Zone 170 Metres South of Taunus Pit
8:01 am EST, Thursday December 10, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 10, 2009) - Oro Gold Resources Ltd. ("Oro Gold" or the "Company") (TSX VENTURE:OGR - OTC:OGRSF) reports that it has extended the high-grade 'HS Zone' on the Company's Trinidad gold property in Sinaloa, Mexico. In addition, results from the property's Taunus South, Bocas Shallow, and the new Eldorado South zones are showing potential to add resource gold ounces. As well, present drilling suggests further mineralization potential at depth.
Highlight results from the latest drilling include the following:
- 5.2 g/t gold over 19 metres in drill hole 27, extending the high-grade gold mineralization of the HS Zone 25 metres to the southwest
- 3.0 g/t gold over 9 metres and 1.1 g/t gold over 32 metres in drill hole 32, in the Taunus South Zone located at southern end of the Taunus pit
- 2.2 g/t gold over 7 metres and 0.5 g/t gold over 38.7 metres at shallow depths. This new zone (Eldorado South Zone) discovered in drill hole 33 is located 170 metres south of the Taunus pit.
- 0.7 g/t gold over 16 metres near surface in the Bocas Zone intersected by drill hole 30
- The first deep hole (34), currently drilling below the HS Zone, has intersected over 34 metres of pyritic altered volcanic rock below the conglomerate at a vertical depth of 300 metres. The presence of this strongly altered unit suggests the potential for a significant mineralized zone at depth.
To view the Taunus Target Area Map, please visit the following link: http://media3.marketwire.com/docs/taunus_target_area_map.pdf
To view the longitudinal section, please visit the following link: http://media3.marketwire.com/docs/north-south_section_taunus_target.pdf
The longitudinal section above is conceptual in nature and represents a 30 meter wide slice. The areas depicted by dashed lines are an interpretation of how these zones might be defined. More drilling and analysis is required before these areas can be placed in a resource category.
"We are in the process of implementing a number of operational initiatives that will allow for faster turn-around in 2010," commented Vice President Frank Powell. "We are anxious to test a number of excellent targets in the Taunus Pit area, both at depth, laterally and along strike. Geologic results from hole 34 indicate good potential at depth and the shallow assay results from the new Eldorado South area over 170 metres south of the Taunus Pit indicate excellent potential to make new discoveries in this area as well as add ounces to our gold resource base."
Approximately 7,400 metres in 33 diamond drill holes have been completed at the Trinidad project. For more details on the current results, see the selected assay table below or visit Oro Gold's website at www.orogoldresources.com.
Presently three drill rigs are on site and drilling. Drilling locations are north, south, and east of the Taunus pit testing potential extensions of the HS Zone and a geophysical target.
The first deep hole (34), drilled below the HS zone (assays pending), has intersected over 34 metres of pyritic mineralized rock below the conglomerate at a vertical depth of 300 metres. This mineralized altered unit is an indication that exploration may be moving closer to the source of a deep hydrothermal fluid engine, which opens up exploration potential in the area significantly.
Oro Gold's objective for the 2010 exploration program will be to advance the Trinidad property with a focus on:
1. Drilling - continued drilling through-out 2010 is planned in order to;
- expand the size of the HS zone
- identify overall size and connectivity to the Bocas, Taunus South, and Eldorado South zones
- test for potential new gold zones at depth beneath the HS zone
- de-water the pit in order to (i) drill and potentially upgrade the historic reverse circulation (RC) gold grades in the shallow Eldorado zone, and (ii) drill the potential extension of the HS zone immediately beneath the pit, only accessible for drilling once the pit is drained
- test additional drill targets that have been identified from the recent geophysical program.
2. Resource Estimate - Plans in place to complete a resource estimate by the first half of 2010 incorporating the diamond drill data.
3. New Gold Discovery - Oro Gold has a goal in place to make a new discovery within the Rosario Gold Belt in 2010. The Company has identified ten gold targets to date that will be explored over the next season. Oro Gold's exploration next year within the Gold Belt will include the Trinidad and the Tigra Negra concessions.
Select assay results for each hole are as follows:
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Hole From To Length Gold
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TAUNUS 'HS ZONE'
----------------
Hole 27 (09TR027A) 170.0 188.7 18.7 m 5.16 g/t
includes 176.0 187.5 11.5 m 7.67 g/t
206.5 227.9 21.4 m 0.66 g/t
Hole 31 (09TR031A) No composites greater than .5 g/t over more than 4 meters
Anomalous intervals:
23.0 24.0 1.0 m 0.37 g/t
105.0 107.0 2.0 m 0.27 g/t
136.0 138.0 2.0 m 0.31 g/t
143.0 147.0 4.0 m 0.33 g/t
163.0 165.0 2.0 m 0.42 g/t
173.5 174.9 1.4 m 0.86 g/t
193.0 195.3 2.3 m 0.49 g/t
221.0 222.1 1.1 m 0.23 g/t
BOCAS SHALLOW ZONE
------------------
Hole 30 (09TR030) 45.0 61.0 16.0 m 0.71 g/t
53.0 59.0 6.0 m 1.20 g/t
Anomalous intervals:
8.1 10.1 2.0 m 1.91 g/t
23.0 25.0 2.0 m 0.91 g/t
33.0 35.0 2.0 m 0.73 g/t
TAUNUS SOUTH ZONE
-----------------
Hole 32 (09TR032) 133.2 165.0 31.8 m 1.10 g/t
including 141.5 145.1 3.6 m 5.73 g/t
242.0 251.0 9.0 m 2.98 g/t
Anomalous intervals:
173.0 177.0 4.0 m 0.41 g/t
277.6 278.8 1.2 m 3.13 g/t
Hole 28 (09TR028) 159.9 163.0 3.1 m 0.86 g/t
213.1 217.0 3.9 m 0.91 g/t
Anomalous intervals:
171.0 183.4 12.4 m 0.40 g/t
ELDORADO SOUTH ZONE
-------------------
Hole 33 (09TR033A) 32.0 39.2 7.2 m 2.20 g/t
including 115.0 121.7 6.7 m 1.30 g/t
Anomalous intervals:
89.0 127.7 38.7 m 0.49 g/t
145.7 149.7 4.0 M 0.48 g/t
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About Taunus
The Taunus gold target area is located on Oro Gold's wholly-owned Trinidad property in an 80 kilometre-long, northwest-trending structural corridor in what the Company references as the Trinidad district. The Taunus gold deposit is interpreted to be hosted in a local pull-apart basin situated in the larger Trinidad district structural corridor. Mineralization at the HS zone within the Taunus gold target is interpreted to be an oxidized, low-to-intermediate sulphidation, epithermal vein system. The mineralization is characterized by multiphase stockwork veining and hydrothermal brecciation hosted in both clastic, porphyry intrusive and andesitic units.
Quality Assurance - Quality Control
The exploration has been under the direction of Frank Powell, Executive Vice President, Oro Gold Resources. Quality assurance and quality control (QA/QC) has been under the supervision of Dr. Beatrice Fournier, a qualified person as designated by National Instrument 43-101 who has reviewed the technical content of this release. Thorough QA/QC protocol was utilized on the project including duplicate, blank and standard samples with each batch of assays. The core samples were submitted directly to Inspectorate de Mexico, S.A de C.V. for preparation in Durango, Mexico, and analysis in Reno, Nevada. Analysis was conducted on 1 assay ton samples with over 20% as QA/QC samples. Analysis of gold was by fire assay, with a gravimetric finish on samples exceeding 5 g/t gold. The gravimetric assay results were used for the reported composite intervals.
About Oro Gold
Oro Gold is a gold exploration company with 11 projects located in Mexico and Panama. In Mexico the Trinidad project continues to be the company's main focus of exploration and resource definition efforts. Ongoing generative activity and joint venture partnership will continue to be the fundamental growth strategies of Oro Gold. The Company intends to increase shareholder value through the discovery and definition of low-cost, quality gold resources on its advanced stage properties.
ON BEHALF OF THE BOARD OF DIRECTORS
Darren Bahrey, President and CEO
Contact:
Darren Bahrey
Oro Gold Resources Ltd.
President and CEO
604 646-1580
604 642-2411 (FAX)
Website: http://www.orogoldresources.com
http://finance.yahoo.com/news/Oro-Gold-Extends-HS-Zone-ccn-804092231.html?x=0&.v=1
Dan
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