Zoro Mining Corp.
OTC Bulletin Board : ZORM

Zoro Mining Corp.

November 14, 2011 09:30 ET

Zoro Mining Corp.: Update on the Don Ben, Piedra Parada and Fritis Projects, Chile, Region III

TUCSON, ARIZONA--(Marketwire - Nov. 14, 2011) - Zoro Mining Corp. (OTCBB:ZORM) today released an update on three of its projects in Chile, Region III.

The Don Beno Project

The Don Beno Project is located about 60 kilometres south of Copiapó. This 100% Zoro-owned property consists of 7,100 hectares covering intrusive and metasedimentary rocks of Cretaceous age – the same host rocks as Candelaria.

Iron oxide copper gold style (IOCG) mineral deposits are the target at Don Beno, with gold and copper the principal metals of interest.

After initial exploration efforts directed at porphyry copper style deposits, Zoro geologists recognized that Don Beno is more likely an IOCG occurrence, based on their recognition of alteration types and geochemistry that support such mineralization. The initial exploration work in 2008 included IP/Resistivity surveys, which delineated several near-surface geophysical anomalies. Subsequent drilling encountered anomalous gold, silver, and copper in disseminated pyrite hosted by a variety of rock types.

Continued geologic mapping and sampling substantiated the disseminated pyrite occurrences, but determined that the geology and geochemistry at the property supports an IOCG mode of mineralization.

In his 43-101 technical report, published in 2010, John Hiner recommends a detailed mapping and sampling program to further evaluate the property's potential, including an aeromagnetic compilation of the entire property.

The Piedra Parada Project

The salar or salt flat known as Piedra Parada covers an area of about 35 square kilometres with an extensive thickness of gold-bearing sedimentary rocks.

The project lies 310 kilometres to the northeast of Copiapó via paved highway and improved roads, and is at an elevation of over 4,000 metres. Zoro owns 100% of the project, subject to an agreement with a third party for the lithium rights.

The Piedra Parada exploration concessions cover a total of 3,600 hectares in a prototypical salar – a dry lake bed with inflow waters and subsurface brines.

Sampling and auger drilling of the surface sedimentary rocks confirmed previous reports of precious metal mineralization. The east side of the salar's sedimentary rocks have been uplifted by subsequent faulting, providing easy access to examine the sedimentary section.

If the exploration program planned by Zoro delineates a sufficient volume of potentially economic gold-bearing sedimentary rock, there may be continued work to determine the potential for a large open-pit mining operation.

The Fritis Project

A low-grade heap leach target in an historical gold camp, the Fritis gold prospect is located 42 kilometres south of the city of Copiapó.

The property is accessible by following the Pan-American highway for 39 kilometres, then turning southwest for 3 kilometres on an unimproved dirt road. The mining concessions consist of 2,300 hectares of exploration property.

Fritis has produced gold from small hand-dug placer operations during different eras of the 1900s. In the last 20 years, occasional mechanized operations have extracted ore from richer veins and shear zones.

Teck-Cominco held tenancy of the Fritis claims during most of the last decade. A modest trenching program was carried out, which included road cuts for additional access. Zoro now owns 100% of the Fritis project.

Gold occurs in a fractured, medium-grained intrusive rock of dioritic to granodioritic composition. The host rock at surface is generally weathered and well oxidized. Gold mineralization has also been identified in magnetite and hematite rich mantos in volcanic and sedimentary rocks south of the diorite intrusive.

A 43-101 report produced in 2010 recommends an initial program of geologic mapping and rock chip sampling followed by trenching and drilling to define the size and mode of gold mineralization on the Fritis property and to test the amenability to extraction if any gold is found.


Geological Consultant Mr. John Hiner, MSc, P.Geo, has reviewed and approved the scientific and technical information contained in this release.

About Zoro Mining Corp.

Zoro Mining Corp. is a junior exploration company advancing gold and copper projects in South America, with a major focus on large-scale, open-pittable targets in Peru and Chile. Zoro's key projects are Yura, Don Beno, Piedra Parada and Fritis properties. For further information, please visit Zoro's website at www.zorominingcorp.com.

FORWARD-LOOKING STATEMENTS: This press release may contain projections and certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, which involve various risks and uncertainties regarding future events. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) inability to complete the Earn-In for any reason; (ii) adverse market conditions; (iii) a decrease in demand for and price of gold and precious metals; (iv) the inability to obtain, or a change in local governmental or regulatory approval or policies that may adversely affect permitting and the exploration work; (v) general uncertainties with respect to mineral exploration;(vi) the possibility of project cost overruns and of unanticipated costs and expenses; and (vii)the availability and costs of financing needed in the future. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates of opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Contact Information