Oro Gold Resources Ltd. (“Oro Gold” or the “Company”) (TSX-V: OGR) reports that it has acquired 100% interest in the 426 square kilometre concession named El Salto, located in Nayarit state, Mexico.
The recently staked property covers the projected strike extension of the San Cristobal gold zone located in the south-eastern portion of the Trinidad concession. San Cristobal is a 12 square kilometre area consisting of hydrothermal breccias and quartz veining in four target zones (see July 22, 2008 press release). Soil sampling has defined a northwest trending gold- in-soil anomaly which extends over 3 kilometres onto the newly acquired ground. Anomalous trench and rock chip sample results range from 0.5 g/t to 62 g/t gold. Geologic mapping and drill target definition is planned for the end of 2009 with drilling planned in early 2010.
The northern limit of this property is located approximately 13 kilometres south of the Taunus target where Oro Gold is currently drilling a new high-grade discovery and defining a gold resource. Click here to see a map of the newly added concession or go to www.orogoldresources.com . The addition of El Salto gives Oro Gold a controlling land position having 100% ownership of over 2,600 square kilometres (260,000 hectares) of contiguous concessions.
“We have added a large tract of very prospective ground along the same trend that is similar geologically to what we are exploring elsewhere in the Trinidad district. This is considered another very important addition to our property portfolio based on our current success in this emerging gold district,” commented Frank Powell, Oro Gold’s Vice-President.
