IO NewsWire

May 09, 2011 07:30 ET

(OTCBB: ORFG) Committed To Developing Infrastructure Around Mine

Note to Editor, the Following Is an Investment Opinion Issued by the IO NewsWire

NEW YORK, NY--(Marketwire - May 9, 2011) - Orofino Gold Corp. (OTCBB: ORFG) announced last week that they are working closely with local electricity suppliers near La Azul to bring steady electricity to the mine and the village supplying the workers to their operation.

Increasing infrastructure, especially a basic necessity like electricity will benefit the quality of work as well as boost output upon implementation, which is expected mid-May 2011.

With the rich, unexplored areas of Colombia, and the continuous rise in gold prices, exploration and mining companies are expected to pour almost $5 billion over the next 10 years into developing producing mines.

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Other active stocks are Randgold Resources, Ltd (NASDAQ: GOLD) IAMGOLD Corp (NYSE: IAG) and Newmont Mining (NYSE: NEM)

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