CuOro Resources Corp.
TSX VENTURE : CUA

CuOro Resources Corp.

April 29, 2011 08:52 ET

CuOro Cuts Significant Results With an Average Weighted Grade of 2.53% Copper Over 41.66m at the Santa Elena Project in Colombia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2011) -CuOro Resources Corp. (TSX VENTURE:CUA) ("CuOro" or the "Company") is pleased to announce that systematic sawn-channel sampling has returned high-grade copper values with an average grade of 2.53 % Cu over 41.66 m from the Santa Elena Project, located in the Department of Antioquia, Colombia.

Channel Sampling

CuOro conducted a channel sampling program on the mineralized Volcanogenic Massive Sulphide (VMS) outcrops at the Santa Elena Project. The program included 51 saw-cut channel samples totaling 41.66 liner meters forming 15 composite channels across the exposed outcrops. The assay results were significant returning the length weighted average grade of 2.53 % copper. The highest individual results from this initial round of sampling was one meter at 6.31% copper and 0.62 meters at 6.07% copper and the highest length-weighted average result was 4 linear meters at 4.96% copper. Assay results are listed in Table 1. Channel samples are considered representative of the in-situ mineralization sampled.

The Company is planning an aggressive exploration program at Santa Elena, which includes; extensive mapping and surveying, airborne and ground geophysical surveys, as well as extensive diamond drilling. Geophysical surveys are expected to commence within the next few weeks followed up by diamond drilling.

TABLE 1: CHANNEL SAMPLING ASSAY RESULTS
SampleUTMUTMLengthAuAgCuPbZn
DesignationEastNorth(cm)ppmppm%ppmppm
Au-1AT-ICPAg-AR-TRCu-AR-OR-AA30-AR-TR30-AR-TR
TEM1C0-18746381247458930.0131.21.0420204
TEM1C1-18746411247463870.0061.40.681674
TEM1C2-18746441247462800.0494.02.4644634
TEM1C2-28746451247462860.0524.01.9436484
TEM1C2-38746461247462430.0473.71.6032310
TEM1C3-187464912474621000.0122.41.1418374
TEM1C3-287465012474621000.0212.81.226264
TEM1C3-387465112474621000.0242.91.3634300
TEM1C3-48746521247462550.0202.61.5322490
TEM1C3-587465312474621000.0302.81.3324452
TEM1C3-68746541247462680.0252.51.1012558
TEM1C4-187466012474651000.0193.71.5928662
TEM1C4-28746611247465840.1176.92.94482688
TEM1C4-38746621247465670.1056.42.84582216
TEM1C4-48746631247465860.1586.52.57564456
TEM1C4-587466412474661000.44212.05.06788691
TEM1C4-687466412474671000.70215.06.31789441
TEM1C4-78746651247467880.40711.34.64644564
TEM1C4-88746651247468360.3148.83.56563068
TEM1C4-98746661247469620.2055.82.70521850
TEM1C5-18746681247461780.2109.23.99505542
TEM1C6-18746701247460720.1704.62.29369334
TEM1C6-287467112474591000.5237.43.95423852
TEM1C6-387467112474591000.63811.65.36688601
TEM1C6-487467212474581000.61112.15.61726082
TEM1C6-587467312474571000.5459.44.95604694
TEM1C7-18746781247452770.0722.72.1230466
TEM1C7-28746781247451880.0502.71.8134506
TEM1C7-38746781247450870.0192.21.0326308
TEM1C7-48746781247449960.0442.81.8732582
TEM1C7-58746781247448780.0232.71.1620414
TEM1C7-687467812474471160.0333.41.9034912
TEM1C7-78746781247446880.0764.42.33481530
TEM1C7-88746791247446860.1195.12.545612900
TEM1C7-98746801247446790.0754.42.41467264
TEM1C7-108746811247446930.0402.61.34324652
TEM1C8-18746821247446810.0713.62.30321678
TEM1C8-28746831247446890.0522.92.18302094
TEM1C8-38746841247446760.0524.32.444410200
TEM1C8-5874686124744600.0323.62.88482258
TEM1C8-68746861247447650.0192.62.08246232
TEM1C8-78746861247448770.0202.21.80125386
TEM1C9-18746861247450790.0212.61.80227530
TEM1C9-28746861247451460.0625.83.943824200
TEM1C9-387468612474521050.1467.56.07605356
TEM1C9-48746861247453610.0312.52.03281040
TEM2C1-18746001247005530.14812.62.42541400
TEM2C2-18745991247004420.0326.41.1654624
TEM3C1-18746721247285270.05916.84.31681170
TEM4C1-18745351246790640.0011.00.091238
TEM4C2-18744801246791740.0050.30.092208

Technical Highlights

The Santa Elena Project exhibits outcropping massive sulfide mineralization, which is primarily composed of chalcopyrite, pyrite, and pyrrhotite. The deposit has been classified as a Besshi-Type VMS deposit, based on its geochemical and geological characteristics.

Cuoro staff located the channels on any and all exposed outcrops which exhibited massive sulfide mineralization. The exposed outcrops were cleaned of debris and plant matter with a high pressure water sprayer. Channels were clearly marked in bright orange spray paint and intervals at one meter lengths were numbered. Due to the limitations of natural outcroppings this nominal spacing was adjusted to fit local conditions. Sawn channels were then cut using a gas powered saw and the resulting channel samples broken from the cut using a chisel. Care was taken so that no samples fell to the ground in order to avoid any possible contamination. Channel samples were cut perpendicular to stratrigraphy, or parallel to the ground.

In some cases gaps in the outcrop prevented continuous sampling of the channel interval, or required offsetting of samples by short distances to obtain the most complete sampling across the length of the outcrop and channel interval (see Table 1). All gaps in sampling were measured and recorded.

In all cases, the length weighted average grade has been calculated over the length that was actually sampled and the sampling gaps have not been considered in the length weighted average calculation. The width of the gap(s) and total width of the channel are specifically shown in Table 1.

About CuOro Resources Corp

CuOro Resources Corp.'s growth strategy has been to identify mineral properties that have significant potential to develop large scale resources in well-established and mining friendly districts such as Colombia. Management looks to leverage its exploration and development expertise to bring additional resources and value to shareholders and to reduce development risk and expense through its focus on community relations, corporate and social responsibility. The Company will continue to look for additional opportunities that can bring value to the Company and its shareholders through its approach to business. The company is committed to upholding the highest environmental and social standards while focusing on delivering the financial growth its shareholders expect.

QA/QC

All samples were assayed by Inspectorate at its laboratory in Reno, Nevada, after preparation at an Inspectorate facility in Medellin, Colombia. Duplicate channel samples were collected for QA/QC control and sent for testing by SGS at its Peru Minerals laboratory. A total of six random duplicate samples were collected. Copper assay results from four of the duplicate samples are within less than 5% of the original samples, whereas the remaining two samples which exceeded 5% returned higher grades than the original samples.

The above information has been prepared under the supervision of James Harris, P.Geo., who is designated as a "Qualified Person" with the ability and authority to verify the authenticity and
validity of the data.

For further information regarding CuOro, see CuOro's disclosure documents on SEDAR at www.sedar.com.

On Behalf of the Board of Directors of CuOro,

Robert Sedgemore, President & CEO

Forward-Looking Statement

Statements contained in this news release that are not historical facts constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws and are based on expectations, estimates and projections as of the date of this release. Forward-looking statements include, without limitation, possible events, statements with respect to possible events, the future price of gold and silver, the realization of mineral resource estimates and success of exploration activities. The words "is expected" or "estimates" or variations of such words and phrases or statements that certain actions, events or results "may" or "could" occur and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions of the Company contained in this release which may prove to be incorrect, include, but are not limited to, (1) the discovery and expansion of mineral resources on the Company's Property being consistent with the Company's current expectations; (2) the implementation of Colombia's mining law and related regulations and policies being consistent with the Company's current expectations; (3) certain price assumptions for gold and silver. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to:
fluctuations in the spot and forward price of gold or certain other commodities; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada, Colombia or other countries in which the Company does business or may carry on business in the future; business opportunities that may be presented to, or pursued by, the Company; operating or technical difficulties in connection with mining activities; the speculative nature of gold exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect the Company's actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. All of the forward-looking statements made in this release are qualified by these cautionary statements and those made in our other filings with the securities regulators in Canada. These factors are not intended to represent a complete list of the factors that could affect the Company. Although the Company believes that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

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