Orofino Gold Corporation - Targets ten million ounce copper/gold porphyry system Apr 27, 2010, 08:00 ET from Orofino Gold Corp. HONG KONG, April 27 /PRNewswire-FirstCall/ - Orofino Gold Corp
|Scooped by Plazas de Colombia|
Plazas de Colombia's insight:
Orofino Gold Corp. (PINK OTC: ORFG) (“Orofino Gold” or the “Company”) has several viable Gold development properties in Colombia, a current hot spot of gold production in the world markets.
Orofino Gold has categorized the Senderos de Oro properties as good high priority, high return opportunities.
These properties are in areas of known gold reserves, and have current small scale production of Gold. Recent samples returned values as high as 250 grams Gold with high copper values exceeding 10%. Geological trending indicates continuation at depth.
Ground reconnaissance to date implies the presence of a metallogenic domain spanning the entire properties with rather spectacular artisanal gold production. The area is virtually unexplored from a modern metallogenic standpoint, but based upon work to date, it demonstrates very good potential for the economic occurrence of: Large scale high level, volcanic-hosted epithermal gold deposits which currently support artisanal mining.
Porphyry-style copper+/- gold system as seen at several locations at Senderos de Oro and which are currently mined and milled by local artisanal miners who recover only the free gold with cut-off level at 90 grams/tonne. Soil Geo- Chemistry over a 450m by 1700 metres area has found it to be anomalous with gold with a potential to contain several hundred million tonnes to a depth of only 200 metres.
High-grade, mesothermal, “Segovia” - style gold vein systems, similar to the prolific Colombian producer Frontino Gold Mines (FGM), located in the Frontino Gold Belt, is the country’s principal underground gold producer, with an annual production target of 60,000 oz. FGM has been in continual operation for over 150 years and currently produces from three underground mines near the town of Segovia hence the reference.
Orofino Gold Corp. will continue with the development of these significant targets and plans a drill program as soon as permits allow.