Oro Gold Increases Land Position North of Trinidad Property, Mexico
© Marketwire 2009
05.11.2009 14:37:02
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La Union has not received systematic exploration and is considered grassroots in nature with good exploration potential. First phase reconnaissance surface work has identified favorable geology with evidence of abundant quartz vein material. Anomalous results ranging from 21 to 1218 ppb gold were obtained in five stream sediment samples collected on the property.
To view accompanying map, please click on the following link: media3.marketwire.com/docs/OGR1104map.jpg : media3.marketwire.com/docs/OGR1104map.jpg
The addition of La Union gives Oro Gold a 100% controlling land position along an approximate 120-kilometre structural corridor that hosts the high-grade Taunus gold deposit and ten other gold targets identified by the Company. The total land package of contiguous concessions along this corridor covers more than 2,200-square-kilometres located in the states of Sinaloa and Nayarit, Mexico. "The property was staked in order to secure an area that the Company considers to be very prospective due to the interpretations evolving from recent work completed on our wholly-owned Trinidad gold district," commented Frank Powell, Oro Gold's Vice President.
About Oro Gold
Oro Gold is a gold exploration company with projects located in Mexico and Panama. In Mexico the Trinidad gold project continues to be the main focus of exploration and resource definition efforts. The Company plans to increase shareholder value through the discovery and definition of low-cost, high-grade gold resources on its advanced stage properties.
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:
Oro Gold Resources Ltd.
Darren Bahrey
President and CEO
604 646-1580
604 642-2411 (FAX)
www.orogoldresources.com : www.orogoldresources.com
