Oro Gold Resources Ltd.
TSX VENTURE : OGR

Oro Gold Resources Ltd.

July 16, 2009 09:15 ET

Oro Gold Drills 8.6 g/t Gold Over 20.9 Metres in New High-Grade Zone at Trinidad Project, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2009) - Oro Gold Resources Ltd. ("Oro Gold" or the "Company") (TSX VENTURE:OGR) has announced gold assay results received for one more diamond drill hole in the new gold zone at the Taunus target on its 100%-owned Trinidad property near Mazatlan, Mexico.

09TR022 returned 8.6 g/t gold over 20.9 metres including 17.4 g/t gold over 10.1 metres in the new high-grade zone. This hole was drilled about 30 metres north of 09TR015 and 09TR016, and confirms that high-grade gold mineralization continues to the north and is open in multiple directions. Individual assay results for the high-grade interval are shown in Table 1.

09TR021 was drilled in the southern part of the new zone approximately 50 metres north of 09TR020. This hole was abandoned due to technical problems in the drilling and did not test the targets. It will be re-drilled in the next phase of the drilling program.



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Core Hole From (m) To (m) Interval (m) Gold (g/t)
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09TR022 25.7 31.1 5.4 1.6
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and 120.0 140.9 20.9 8.6
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including 120.0 130.1 10.1 17.4
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Note: interval width may not represent true width


Oro Gold has completed 09TR024, and 09TR023 is currently in progress at a depth of 290 metres. 09TR023 is drilling below 09TR020 to define the extension and geometry of the high-grade gold intervals previously intersected. 09TR024 tested the Colinas target area located approximately 700 metres south of drill holes 09TR020/23. Assay results are pending for these holes.

A total of 24 diamond drill holes, totaling 4,346 metres, have been completed to date by Oro Gold. 11 of these have intersected the new discovery zone. The other 13 holes aimed at confirming previously recognized gold mineralization in reverse circulation drilling, and are located within a kilometre of the discovery area. Significant previously reported gold intervals in diamond drill holes in the new discovery zone are as follows:



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Core Hole From (m) To (m) Interval (m) Gold (g/t)
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08TR012 151.0 212.1 61.1 8.5
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08TR013 147.0 180.6 33.6 3.8
including 160.9 168.2 7.3 15.8
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08TR014 106.2 114.0 7.8 5.3
and 131.0 138.0 7.0 9.7
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09TR015 124.0 189.9 65.9 5.3
including 124.0 166.5 42.5 7.6
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09TR016 160.9 221.5 60.6 3.4
including 160.9 197.4 36.5 5.2
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09TR019 178.5 208.5 30.0 6.3
including 192.0 196.5 4.5 17.6
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09TR020 165.0 177.9 12.9 4.1
221.5 234.9 13.4 5.3
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Dominique Fournier, Oro Gold's Vice President Exploration, stated, "The targeting of high-grade mineralization over 5 grams per tonne gold has been the focus of the ongoing drill program. The impressive interval drilled in 09TR022 continues to confirm the high-grade nature of the gold mineralization in the new discovery zone on our Trinidad property. We are very pleased with our high success rate in returning significant gold intercepts in the diamond drilling."

In light of the recently completed $12 million equity financing, Oro Gold is planning a more extensive exploration program at Trinidad. The program will comprise of three project initiatives: T1 (Taunus high-grade extension) - advanced exploration to include geophysical surveys, clay studies, structural mapping, and drilling to identify the extensions to the high-grade mineralization with the objective of increasing the gold resource at Taunus; T2 (1 to 5 kilometres peripheral to Taunus) - exploration near the Taunus deposit with the objective in discovering and defining a new gold resource area; and T3 (regional exploration) - exploring in the 2,350-square-kilometre Trinidad district following-up on targets identified to date with the objective of making a new gold discovery along the regional trend in which the Taunus deposit lies.

The drilling continues in the Taunus project area with one diamond drill-rig while the exploration team interprets the geological information gathered in the first phase of the drill program. The Company implemented a number of measures to improve core recovery above 90% and enable completion of the holes, and is addressing how to increase the production rate of the drilling. The plan for the second half of the year is to increase the number of drill rigs, complete over 10,000 metres of drilling, and complete a National Instrument 43-101 resource update.

Additional information, including summary technical logs of the diamond drill holes, location maps, figures, a short video clip, and a link to a 3-d model pertaining to the ongoing diamond drill program can be viewed on Oro Gold's website (http://www.orogoldresources.com/main/?Taunusgoldtarget).

The Taunus gold target is interpreted as an oxidized, low-to-intermediate sulphidation, epithermal vein system. The mineralization is characterized by multiphase stockwork veining and hydrothermal brecciation hosted in a clastic unit, quartz-feldspar porphyry intrusive, and andesite volcanics. Oro Gold has identified 10 other gold targets within the Trinidad district that require follow-up exploration. Oro Gold's technical team is interpreting this district to be situated in a northwest-trending structural corridor that extends for at least 80 kilometres. It is formed by active, deep-seated, major fault structures. There is evidence of this in the recent drilling, based on intersecting a thick clastic and conglomerate sequence that has a vertical profile exceeding more than 250 metres in depth. The Taunus deposit is interpreted to be hosted in a local pull-apart basin within this trend.



Table 1: Select assay intervals in 09TR022:

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From (m) To (m) Interval (m) Gold (g/t)

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25.70 27.20 1.50 0.261
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27.20 29.10 1.90 3.924
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29.10 31.10 2.00 0.374
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120.00 121.70 1.70 12.62
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121.70 123.30 1.60 3.510
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123.30 124.85 1.55 35.809
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124.85 126.05 1.20 20.250
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126.05 127.95 1.90 11.290
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127.95 128.90 0.95 33.043
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128.90 130.10 1.20 5.220
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130.10 132.10 2.00 0.256
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132.10 134.10 2.00 0.211
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134.10 136.05 1.95 0.124
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136.05 136.60 0.55 0.336
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136.60 138.00 1.40 0.547
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138.00 139.85 1.85 0.992
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139.85 140.90 1.05 1.092
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Note: interval width may not represent true width


Quality Assurance - Quality Control

Drilling is under the direction of Dominique Fournier, Ph.D., economic geology, Vice President Exploration, a qualified person as designated by National Instrument 43-101 who has reviewed the technical content of this release. Thorough quality assurance and quality control program (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 publicly-listed junior gold exploration company with 11 properties located in Mexico and Panama. The district-scale Trinidad property continues to be the company's top priority project and the main focus of exploration and resource definition efforts. Oro Gold's corporate mandate is to maintain low costs in gold resource acquisition and discovery while growing the company's gold assets to attract producing companies.

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.

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