Orofino Gold Corp: The Company discovers new highly enriched Gold and Silver mineralized zones.
04 Jun, 2013, 21:58 ET
LAS VEGAS, June 4, 2013 /CNW/ - Orofino Gold Corp. (PINK OTC: ORFG) ("Orofino Gold" or the "Company") is pleased to announce that in Colombian mining districts of Cerro San Carlos and Santa Cruz areas in the Dept. of Bolívar (Central Cordillera), and the Vetas-California-Angostura region of the Dept. of Santander (Eastern Cordillera) mineralization appears to be Mid- to Late-Jurassic, hosted within intrusive and/or volcanic rocks of similar age.
Mineralization and alteration, dominated by symmetrical silicification, argillitisation-sericitisation, and pyritic sulphidation +/- propylitisation is intensely developed, and observed on a km-scale basis. Gold-silver mineralisation is hosted within dense networks of structurally-controlled cm to 10´s-of-cm scale veinlets and sheeted veins, and phreatic breccia zones. Vein-fillings are dominated by +50% pyrite, with lesser quartz and minor base metal sulphides. In the case of Cerro San Carlos mineralization is volcanic-hosted, and underlain by a plutonic root zone where chalcopyrite becomes the dominant vein let sulphide, gold grades diminish somewhat, and alteration approaches phyllic in character. Thus, metal and alteration zones at San Carlos suggest porphyry potential below the volcanic cover. Orofino Gold has samples from these structurally controlled vein systems that will be assayed to further provide empirical metallurgical data for the design of the new improved gold recovery system currently under development by the joint venture recovery design team. The historical samples to date have run 30 + gm/ Gold and 60 + gm/Silver and recoveries will be improved greatly with the new system. Multi-nationals such as Anglo-America Ashanti and AUX Minerals controlled by Billionaire Ike Batista have discovered multi billion dollar, multi million ounce gold ore bodies in the prolific Cordillera systems of Colombia.
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 press release.
SOURCE: Orofino Gold Corp.
For further information:
Orofino Gold Corp. - Las Vegas, Nevada.
9550 South Eastern Ave., Ste. 253, Las Vegas, NV 89123
E: [email protected]
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