Zoro Mining Corp.
OTC Bulletin Board : ZORO

Zoro Mining Corp.

May 01, 2008 10:00 ET

Zoro Mining Has Contracted for 8,000 Meters of Diamond Drilling at Its Don Beno Project, Region III Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2008) - Zoro Mining Corp. (OTCBB:ZORO) is pleased to announce that it is ready to commence up to an 8,000 meter (26,000 feet) diamond drilling program at its 100% owned Don Beno gold-copper project located 100 km from Copiapo in Region III, Chile. This drill program has been designed to drill targets from a recently completed geophysical I.P. survey.

The geophysical mapping program at Don Beno, conducted by HydroGeophysics of Tucson, Arizona, included both electrical resistivity and induced polarization (IP) methods along linear transects of up to 8 km in length. Several large sulfidic IP targets were identified through approximately 33 line-kilometers among 5 transects.

The targets are open ended to depth. The largest of the IP anomalies identified is roughly 4km by 2km in size, where the depth from surface to the sulfide mineralization is expected to be as little as 60 meters.

To accompanying map, please click on the following link: http://media3.marketwire.com/docs/zoro_map.jpg

These anomalies appear to be part of a system associated with targets which are presently defined or being drilled, on concessions directly adjoining Don Beno, currently being pursued by both SAMEX Mining Corp. and IPBX Resources.

The Don Beno diamond drilling program will focus on the largest identified IP anomaly. Zoro has contracted for diamond drilling with PerfoAndes, a Chilean drilling company, which anticipates rig site mobilization and startup at the beginning of May, 2008. The holes will vary in depth but are envisioned to average approximately 500 meters.

Zoro's main holdings are in the Don Beno, Escondida, Costa Rica and Rio Sur Districts in Chile, and the Yura District in Peru.

You can find more detailed information with respect to the company's projects, corporate information and leadership team at the company's website: www.zoromining.com.

Should you have any questions or comments, please do not hesitate to contact the Company or our Investor Relations staff at the referenced numbers below.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns of unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. 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

  • Zoro Mining Corp.
    Steve McGuire
    Investor Relations
    1-800-877-1626
    or
    Zoro Mining Corp.
    Gerry Jardine
    Investor Relations
    1-800-877-1626
    Email: info@zorominng.com
    or
    Zoro Mining Corp.
    Corporate Office
    1-866-798-1839
    Website: www.zoromining.com