Oro Gold Resources Ltd.
TSX VENTURE : OGR

Oro Gold Resources Ltd.

July 15, 2008 09:30 ET

Oro Gold Commences an Additional 5,000 Metre Drill Program at Trinidad, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2008) - Oro Gold Resources Ltd. ("Oro Gold") (TSX VENTURE:OGR) reports that is has commenced a 5,000 metre reverse circulation (RC) drill program at its 100-per-cent-owned Trinidad property in Sinaloa, Mexico. The drill campaign has three objectives:

(1) to expand the current inferred resource of 200,930 ounces (4,491,800 tonnes at an average gold grade of 1.39 g/t, at a 0.5 g/t gold cut-off, as reported in Oro Gold's May 29, 2008 press release);

(2) to upgrade a portion of the inferred resource to the indicated category; and

(3) to test additional new targets identified in the Taunus and Colinas areas.

Oro Gold has completed 8,300 metres of drilling to date in 70 core and RC drill holes. Drilling will focus on expanding and upgrading a new zone located 65 metres to the northeast of the historic pit. The average grade of this zone is 25% higher than the overall average grade of the reported resource and is open in three directions. Previous RC drill holes in this area returned significant intervals of 1.45 g/t gold over 78 metres in RC-23, 3.30 g/t gold over 30 metres in RC-25, and 1.45 g/t gold over 44 metres in RC-30. A total of 1,244,741 tonnes at 1.73 g/t gold (using a 0.5 g/t gold cut-off) for 69,232 inferred gold ounces was estimated in this new area.

Approximately 80% of the meterage is earmarked to expand and upgrade the current resource and approximately 20% of the drilling will test new exploration targets.

About Oro Gold

Oro Gold is a gold exploration company with 12 properties located in Mexico and Panama, with 5 of the properties optioned to joint venture partners. The district-scale Trinidad property continues to be the company's top priority project and the main focus of exploration and resource definition efforts. Ongoing generative activity and a joint venture strategy will continue to be a fundamental part of Oro Gold's growth. The company's mission is to build shareholder value by making discoveries and developing low-cost gold resources through early and advanced stage exploration.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Oro Gold Resources Ltd.
    Darren Bahrey
    President and CEO
    (604) 646-1580
    (604) 642-2411 (FAX)
    Website: www.orogoldresources.com