Oro Gold Resources Ltd.
TSX VENTURE : OGR

Oro Gold Resources Ltd.

March 03, 2008 09:30 ET

Oro Gold Drills New Gold Zones at Trinidad; Intersects 3.3 g/t Au Over 30 Metres

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2008) - Oro Gold Resources Ltd. ("Oro Gold") (TSX VENTURE:OGR) -

Assay results indicate a new discovery and confirm the potential to increase the existing inferred mineral resource of 91,915 ounces Au (1,624,400 tonnes at 1.76 g/t Au) at Oro Gold's 100-per-cent-owned Trinidad property, located approximately 90 kilometres east of Mazatlan, Sinaloa, Mexico.

Highlights:

- 3.29 g/t Au over 30 metres in hole 08TRRC025, including 10.25 g/t Au over 8 metres, confirm the potential for significant resource expansion in a previously unexplored area located to the northeast of the Taunus pit.

- 1.10 g/t Au over 22 metres in hole 08TRRC017, 1.14 g/t Au over 26 metres and 1.98 g/t over 14 metres in 08TRRC016 indicate a new gold-bearing zone in the Colinas area located approximately 1 kilometre south of the Taunus pit.

- New gold zones are open at depth and along strike.

"These results put Oro Gold firmly on track to achieve one of its top objectives this year: to define low-cost gold resources sufficient to attract mid-tier and senior gold producing companies," stated Darren Bahrey, President and Chief Executive Officer.

Assays from selected RC drill intervals are presented in Table 1. The remaining drill holes are pending verification of assay results.

Drill hole 08TRRC025 was completed outside of the area previously mined by Eldorado Gold Corp., and represents a significant expansion of the area of known mineralization. The assay interval of 3.29 g/t Au over 30 metres occurs from 150 to 180 metres, and was drilled approximately 200 metres northeast of the main Taunus resource. The mineralized interval is described as silicic, ferruginous, quartz feldspar porphyry with quartz-hematite veins identified in chips.

Results are pending for an additional 11 holes in this area at approximately 50-metre drill spacing covering an area over 250 metres along strike and 50 metres down-dip. Additional drilling is planned to expand the zone at depth and along strike.

Drill holes 08TRRC016 and 08TRRC017 are located in the Colinas area approximately 1 kilometre south of the pit. The two holes intersected the zone of interest at approximately 90 metres below surface. The distance between the two intercepts at depth is approximately 30 metres. The gold-bearing intervals are described as being variably silicified with moderate to strong hematite, specularite, and quartz micro-veinlets.



Table 1. Trinidad Drill Results

Taunus Project
From To Interval Au
Hole ID (metre) (metre) (metre) (g/t)

08TRRC025 150.0 180.0 30.0 3.29
including 162.0 170.0 8.0 10.25


Colinas Project
From To Interval Au
Hole ID (metre) (metre) (metre) (g/t)

08TRRC016 128.0 154.0 26.0 1.14
182.0 196.0 14.0 1.98
08TRRC017 104.0 126.0 22.0 1.10


The location of the new zones drilled outside of the Taunus pit, as well as a listing of the drill hole sample results obtained to date, can be viewed on the company's website. The current drill program covers a small portion of the district scale, Trinidad property which comprises an area of 651 square kilometres. A number of additional drill target areas are currently being developed through systematic exploration, and plan to be drill-tested in the next phases of drilling this year.

The 2008 Trinidad drill program and sampling protocol has been under the direction of Frank Powell, Oro Gold's Vice President. A thorough quality control and quality assurance protocol was utilized on the project including blank and standard samples with each batch of assays. RC chip 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 2 assay ton samples, with one standard, one duplicate and one blank sample inserted every 30 samples. Analysis of Au was by fire assay, with a gravimetric finish on samples exceeding 3 g/t Au. Marc Jutras, M.A.Sc., P.Eng., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.

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.

To view the Trinidad Resource Targets map please click on the following link: http://media3.marketwire.com/docs/ogrmap33b.pdf.

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