Oro Gold Resources Ltd.
TSX VENTURE : OGR

Oro Gold Resources Ltd.

July 02, 2008 13:37 ET

Oro Gold Resources Completes Technical Report on Trinidad Property-Sinaloa State, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2008) - Oro Gold Resources Ltd. ("Oro Gold") (TSX VENTURE:OGR) has completed a National Instrument 43-101 ("NI 43-101") report entitled "Technical Report On The Taunas And Colinas Exploration Areas, Trinidad Property Sinaloa State, Mexico - Mineral Resource Estimation Update". The report has been filed on June 30, 2008, under Oro Gold's profile on the Sedar website at www.sedar.com and is also available on the Oro Gold corporate website.

As presented in Oro Gold's press release of May 29, 2008, the inferred mineral resources for the Taunas and Colinas areas of the Trinidad property are estimated at 4,491,800 tonnes at an average gold grade of 1.39 g/t, for a total of 200,930 ounces of gold, at a 0.5 g/t gold cut-off.

Additional diamond drilling is planned to fully characterize the geological controls on gold distribution in order to advance the mineral resource estimate described in the report into categories of higher confidence levels. The inferred mineral resource described in the report is believed to have a reasonable expectation of economic extraction based on its proximity to surface and to the past-producing open pit.

Marc Jutras M.A.Sc., P.Eng., a qualified person as defined by NI 43-101, was responsible for the mineral resource estimate in the report and has reviewed and approved the information of a scientific or technical nature in this news release. Mr. Jutras is considered to be independent of Oro Gold for the purposes of NI 43-101. The resource estimate in the report is classified as an inferred mineral resource , consistent with the CIM definitions referred to in NI 43-101.

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 Oro Gold'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. Oro Gold'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. 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 timing and success of future exploration, development and production activities.

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