Oro Gold Resources Ltd.

Oro Gold Resources Ltd.

December 14, 2007 13:31 ET

Oro Gold Intersects 13 g/t Gold Over 3 Meters at Trinidad; Mobilizes Second Drill Rig

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2007) - Oro Gold Resources Ltd. ("Oro Gold") (TSX VENTURE:OGR) is pleased to report assay results for diamond drill holes 07TR003 and 07TR004. Assay results from drilling and trenching confirm the potential for expansion of the existing 91,915 oz Inferred mineral resource at the company's 100% owned Trinidad property in Sinaloa, Mexico. A second drill rig (RC) has been mobilized on the property to accelerate exploration progress by completing an additional 5,000 m of drilling.


- Drill results: 6.80 g/t Au over 6.3 m in 07TR004 (including 12.97 g/t Au over 3.1 m) confirms potential for near surface high-grade chutes over 200 m south of the Taunus pit and is open at depth and along strike

- Trench results: 2.80 g/t Au over 18 m, 500 m north of the Taunus pit

- Trench results: 0.95 g/t Au over 52 m, 230 m south of the Taunus pit

To date, 1,000 m of the planned 2,000 m first-phase diamond drilling program has been completed. Drilling is focused on resource expansion to the north and south of the previously mined and abandoned Taunus pit, as well as testing new targets identified by trench sampling. Drilling has been hampered by difficult ground conditions and mechanical delays; the RC drill program is expected to significantly accelerate the planned exploration program. Current exploration covers a small area of the district-scale 651 km2 Trinidad property. The company's exploration elsewhere on the property continues to demonstrate the potential for additional mineralized gold-bearing zones.

"Drill results continue to indicate good resource expansion potential, and the trench results indicate excellent potential for completely new discoveries at Trinidad," stated Darren Bahrey, President and CEO of Oro Gold. "We are balancing our exploration campaign between drilling resource expansion targets, testing new targets and aggressively generating additional targets throughout the property. Adding the RC rig will allow us to efficiently explore a number of new targets as well as add resources near the existing pit."

Assays from selected drill intervals in 07TR004 are presented below:

Table 1.

Sample From To Length(ii) Au
Number (m) (m) (m) (g/t)
4323 23.55 24.65 1.10 0.75
4324 24.65 26.10 1.45 0.45
4325 26.10 26.60 0.50 4.08(i)
4326 26.60 27.25 0.65 14.37(i)
4327 27.25 28.00 0.75 1.20
4328 28.00 29.20 1.20 23.28(i)
4331 29.20 29.85 0.65 1.75

(i) Fire Assay gravimetric finish
(ii) Interval widths may not represent true width

Drill hole 07TR004 was completed outside of the area previously mined by Eldorado Gold Corp., and represents an expansion of the area of known mineralization. The assay interval of 6.80 g/t Au over 6.3 m occurs from 23.55 to 29.85 m, and was drilled approximately 200 m south of the pit. The mineralized interval is described as a quartz-hematite stockwork breccia. Additional drilling is planned to expand the resource at depth and along strike.

Drill hole 07TR003 was completed on top of a mine dump within the area previously mined by Eldorado Gold Corp. The objective of this hole was to determine the depth of the dump material and whether gold bearing material exists under the dump. Two narrow zones were defined: 0.85 g/t Au over 2.45 m and 1.29 g/t Au over 2.80 m, less than 32 metres below surface. The mineralized intervals are described as a hematitic silicified breccia. Additional RC holes are planned over deeper portions of the dump to determine if economic intervals exist at depth. Systematic grab samples taken on the surface of the dump indicate it contains anomalous material with assays up to 16 g/t Au.

Trench results of 2.8 g/t Au over 18 m located 500 m north of the Taunus pit extend the previously reported trench results of 2.9 g/t Au over 48 m. The results indicate a 2.6 g/t Au anomaly over an 876 m2 area. The trench intervals comprise a breccia/conglomerate with large boulder-size clasts of quartz-feldspar porphyry. The breccia/conglomerate is interpreted to be a colluvial landslide developed along a post-mineral fault scarp. Historic data indicate that the breccia/conglomerate material exists to a depth of 200 m below surface, and the geometry of the anomalous gold-bearing portion of the material has yet to be defined. The RC drilling will assist in identifying the potential for resource expansion in this area.

Trench results of 0.95 g/t Au over 52 m located 230 m south of the Taunus pit and 35 m east of previously reported trench results (0.98 g/t Au over 46.0 m) indicate the potential for surficial resource expansion. The trenched material is composed of clasts of quartz and silicified volcanics in a saprolitic horizon. The material is interpreted to be a remnant paleo-surface 2 to 12 m thick and appears to have lateral continuity. The limits of this material will be defined with RC drilling.

The company has filed on November 29, 2007 a National Instrument 43-101 technical report on Sedar (www.sedar.com) entitled "Technical Report on the Taunus and Colinas Exploration Areas, Trinidad Property, Sinaloa State, Mexico". This report discusses the results of the recently completed Inferred mineral resource estimation of 91,915 oz Au (1,624,400 tonnes averaging 1.76 g/t Au, using a 0.5 g/t cut-off grade). The company also plans to launch a new website in January 2008. The corporate website is being updated to show the advances made to date, as well as provide investors insight into the company's strategic direction and milestones for the upcoming year.

Quality assurance/quality control

The 2007 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. Saw-cut half drill 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 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 13 projects located in Mexico and Panama, with five of the projects 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.


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