LAS VEGAS, NV, June 12, 2013 /CNW/ - Orofino Gold Corp. (PINK OTC: ORFG)
("Orofino Gold" or the "Company") is pleased to announce that in
Colombian mining districts of Sur de Bolivar, where the Company has its
concessions under option has produced approximately 7.8 billion dollars
worth (6 Million ounces) of Gold or 358 million dollars worth( 274,000
ounces) of Gold per year.
Colombian Government recorded gold production from the Sur de Bolivar
region, between 1987 and 1994 was 1,271,000 ounces of gold, and the
region is presently reporting the highest annual gold production in
Colombia, averaging 275,000 ounces per year since 1991.
This area has produced more than 6 million ounces using old recovery
methods, now after three years of observation and study, Orofino Gold
Corp. is working to create and implement a model that offers business
contracts to groups of local artisanal miners.
These contracts will require the artisanal miners to form companies or
cooperatives that comply with local employment and other laws and agree
to follow contract rules and procedures (which were developed in
consort with the mining communities), to operate within the company's
plan and deliver the ore to Orofino's plant for proper optimal
processing. The company will pay these miners based on the US dollar
spot price of the gold that is recovered from the ore they deliver.
Orofino Gold Corp. is a mining exploration and development company
formed to acquire, develop, and exploit natural resource properties
focusing primarily on the rich, yet highly underdeveloped gold deposits
of Colombia in a socially and environmentally responsible manner. The
high-grade vein system was sampled by Orofino and returned grades as
high as 150g or 4.8 ozs/t of Au.
These statements are not guarantees of future performance and involve
certain risks and uncertainties that are difficult to predict. Actual
results could vary materially from the description contained herein due
to many risk factors that affect the industry the Company operates in
and other risk factors listed from time to time in the Company's
Securities and Exchange Commission (SEC) filings under "risk factors"
and elsewhere. The forward-looking statements contained in this press
release speak only as of the date on which they are made, and the
Company does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
SOURCE: Orofino Gold Corp.
For further information:
Orofino Gold Corp. - Las Vegas, Nevada.
9550 South Eastern Ave., Ste. 253, Las Vegas, NV 89123