Dorato Resources Inc.

Dorato Resources Inc.

April 08, 2011 09:16 ET

Dorato Resources Inc.: Copper-Gold Porphyry Mineralization Confirmed at Cobrecon Target; Samples Grade Up to 0.63% Copper and 0.48 g/t Gold

Laboratory Over-limits Returned for Lucero Drillhole LUC-021; 28.0m Grading 1.26 g/t Gold and 0.89% Copper

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2011) - Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:DRI)(OTCQX:DRIFF)(FRANKFURT:DO5) announces receipt of additional Cobrecon rock sampling results from Minera Afrodita. Reconnaissance chip sampling of mineralized rocks at Cobrecon confirms the presence of porphyry mineralization of significant grade, with rock samples grading up to 0.63% copper and 0.48 g/t gold. Dorato has a right to acquire 100% of Minera Afrodita.

Cobrecon Drill Target Rock Samples

In detail, three wide-spaced samples located over 60-metres laterally assayed between 0.11% and 0.23% copper over 2 to 3 metre-long representative chip samples. Approximately 300 metres northwest another rock chip sample assayed 0.19% copper over 2 metres. Another sample 300 metres farther north, on the ridge, returned 0.63% copper and 0.48 g/t gold.

Cobrecon is one of two separate copper-gold porphyry targets in the area. One drill rig is being mobilized for the initial phase of drilling and a total of four initial holes will be drilled to evaluate potential mineralization at depth (To view Figure 1, please visit the following link: Drill platforms will also be constructed on the adjacent ridges to test the strongest parts of the copper-gold soil anomaly. Additional rock sampling of the creeks to the southeast, as well as the pending soil samples, will continue to further define the target during drill testing. Detailed mapping is ongoing in conjunction with drilling.

Geophysical data followed-up with stream and then soil geochemical sampling, together with geological mapping, are the primary target-generation tools being used in the Cordillera del Condor. With belt-wide geophysical surveys now complete, surface sampling and mapping will quickly define additional drill targets.

The majority of soil results for Cobrecon have now been received. Copper-in-soil ranges from 2 ppm to 5,046 ppm (0.50%) – highly anomalous by comparison with normal levels of copper in soil. Molybdenum, considered immobile and a reliable indicator of subsurface mineralization, ranges from <1 ppm to 43 ppm. Zinc, which is anomalous over the interpreted skarn, is depleted over the porphyry target, which is typical of productive porphyries in the region.

Cobrecon Sur Porphyry Target

Initial soil sample results have been received at Cobrecon Sur (To see Figure 2, please visit the following link: reaching only the southern limits of the porphyry target, but most are still pending. Cobrecon Sur isa broad magnetic low coincident with silt anomalies in copper, molybdenum, and zinc. Surface mapping has revealed a large area of quartz vein stockwork and associated chalcopyrite (copper) mineralization hosted by diorite and tonalite. Rock sample and soil sample results are pending and will be released in due course.

Lucero Laboratory Overlimts – Final Results

Laboratory overlimits have been received for drill core samples from Lucero drillhole LUC-021 (previous news release NR11-04). Drillhole LUC-021 returned 1.26 g/t gold and 0.89% copper from surface to 28 metres (previously reported as 0 to 28 metres grading 1.26 g/t gold and 0.63% copper). The receipt of re-assayed over-limits confirms and increases the grade intersected in the drillhole. Mineralization is open to the west where results from drillholes LUC-022 and LUC-023 are pending.

Cordillera Del Condor Background

The Cordillera del Condor has been one of the most important gold-bearing areas in Ecuador and Peru since pre-Incan times. On the Ecuador side of the border, historical high-grade, small scale gold production is reported to have exceeded 100,000 oz per year.

Modern exploration on the Ecuadorian side of the border has resulted in the discovery of multiple, significant and world-class gold and base metal-bearing districts, such as Kinross Gold Corp.'s Fruta del Norte Gold deposit with an inferred resource of 13.6 million contained ounces of gold averaging 7.23 g/t gold), the Mirador Copper-Gold porphyry deposit (recently sold by Corriente Resources Inc.) with measured & indicated resources of 438 million tonnes at 0.61% copper, 0.19 g/t gold plus inferred resources 235 million tonnes at 0.52% copper, 0.17 g/t gold, and the Mirador Norte Copper-Gold porphyry deposit (indicated 171 million tonnes at 0.51% copper, 0.09 g/t gold; inferred 46 million tonnes at 0.51% copper, 0.07 g/t gold), and Dynasty Metals & Mining Inc.'s Jerusalem Gold deposit in the Chinapintza district with measured & indicated resources of 0.58 million contained ounces gold at 12.4 g/t gold plus an additional 0.71 million ounces inferred contained ounces averaging 11.5 g/t gold). The technical information with respect to the above deposits was obtained through the respective companies' public disclosure documents available on SEDAR.

Qualified Person

John Drobe, P.Geo., Dorato's Vice President of Exploration and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release. Mr. Drobe is not independent of the Company as he is an officer and a shareholder.

The results of the geophysical survey have been reviewed by Brian Williams, consulting geophysicist, who checked data quality during data acquisition and assists with ongoing interpretation.

The geochemical results were reviewed by Tansy O'Connor-Parsons, Senior Geochemist. Minera Afrodita on-site personnel rigorously collect and track samples which are then security sealed and shipped to ACME Laboratories, Lima, Peru for assay. ACME's quality system complies with the requirements for the international standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence by field personnel in order to independently assess analytical accuracy. In addition, representative blind duplicate samples are routinely forwarded to ACME and an ISO-compliant third party laboratory for additional quality control.

About Dorato Resources Inc.

Dorato Resources Inc. is mineral exploration company focused on the highly prospective Cordillera del Condor Gold District in northern Peru and adjacent to the border with Ecuador – one of the most important gold-bearing districts in the region since pre-Incan times. Dorato, through a series of option agreements has the right to wholly acquire an extensive land package of approximately 1,050-square-kilometres – providing the Company with the largest land position in the Cordillera del Condor and a highly strategic position in this emergent gold district. Dorato is well funded and possesses experienced management with a proven track record.

On behalf of the board of directors of


Keith Henderson, President & CEO

Cautionary Statement

This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward looking information" within the meaning of the British Columbia Securities Act and the Alberta Securities Act. Generally, the words "expect", "intend", "estimate", "will" and similar expressions identify forward-looking information. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward looking information. Statements in this press release regarding Dorato's business or proposed business, which are not historical facts are forward-looking information that involve risks and uncertainties, such as estimates and statements that describe Dorato's future plans, objectives or goals, including words to the effect that Dorato or management expects a stated condition or result to occur. Since forward-looking statements address events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. All of the Company's Canadian public disclosure filings may be accessed via and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. The foregoing commentary is based on the beliefs, expectations and opinions of management on the date the statements are made. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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

Contact Information