Oro Mining Commences Drilling at El Compas Project and Announces IR Agreement
Published : July 13, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Diamond | G Mexico | Gold | Growth | Market | Mexico | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2011) - Oro Mining Ltd. ("Oro Mining" or the "Company") (News - Market indicators) is pleased to provide the following updates:

Project Update

In addition to the ongoing sonic drilling campaign at its Taunus deposit in Sinaloa, Mexico, Oro Mining has commenced a 2,000-metre Diamond drill program at its high grade gold-silver vein hosted El Compas property, located in Zacatecas, Mexico. The objective of this drill program is to increase and upgrade the gold and silver resource base through a combination of infill, expansion, and exploration drilling at the El Compas and El Orito resource areas. 

Twelve Diamond drill holes are planned at the El Compas and El Orito resource areas. The expansion and exploration drilling will focus on extending known high-grade gold and silver vein structures.

The Company also reports that in addition to the completed purchase of 100% ownership of the El Compas concession, Oro Mining has completed the purchase of certain surface property rights covering 12 hectares of strategically located land sighted for mine ramp access and waste rock disposal. The Company also has a 24-month option to purchase an additional 25.5 hectares of adjacent land suitable for plant construction. "The procurement of surface rights is an important milestone on the development of the El Compas mine as it will allow unhindered mine access for the eventual exploitation of the deposit. We believe that this was a necessary requirement prior to conducting additional exploration activities on the deposit. Now that we own 100% of the concession and have acquired surface rights we will quickly evaluate the regional upside potential," said John Brownlie, CEO of Oro Mining.

Investor Relations Agreement

Oro Mining announces it has engaged Marston Webb International ("MWI") from New York to provide the Company with investor and public relations services. MWI will assist the Company to enhance its profile and convey the Company's key messages. The term of the agreement is for 12 months, renewable upon mutual written consent of the parties. In exchange for the services, MWI will be paid $6,000 per month plus all reasonable out-of-pocket expenses. Victor Webb, President of MWI and the Company are at arm's length. The agreement is subject to acceptance for filing by the TSX Venture Exchange.

MWI is an international investor relations and public relations services agency with three decades of operations and a broad base of clients consisting of gold mining and exploration companies (major and junior), finance, health and technology companies as well as governments, financial exchanges and international media.

About Oro Mining

Oro Mining is a publicly-listed company on the TSX Venture Exchange with properties located in Sinaloa and Zacatecas, Mexico. Oro Mining's corporate mandate is to advance its projects toward production, while continuing to make exploration discoveries on its extensive property position. The district-scale Trinidad property that hosts the Taunus gold deposit continues to be the focus of Oro Mining's exploration and project development activities. The Company's mission is to create exceptional value for our shareholders through exploration discovery, resource growth, mine development and production, while providing sustainable benefits to our staff, the environment, and the communities where we operate.

ON BEHALF OF THE BOARD OF DIRECTORS

John Brownlie, Chief Executive Officer

Some statements in this release may contain forward-looking information. These statements include, but are not limited to, statements with respect to future drilling, 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Oro Mining Ltd.
John Brownlie
Chief Executive Officer
604 646-1580
604 642-2411 (FAX)
www.oromining.com
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Oro Gold Resources Ltd.

EXPLORATION STAGE
CODE : OGR.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Oro Gold Res. Ltd is a gold exploration company based in Canada.

Oro Gold Res. Ltd holds various exploration projects in Mexico.

Its main exploration properties are SAN ISIDRO, CIMARRON, IXTAPAN, TIGRA NEGRA, EL HABAL, TRINIDAD DISTRICT and TAUNUS in Mexico and SONA, CERRO AGUILUCHO, JUAN DIAZ NORTE, AMBROYA and MAJE in Panama.

Oro Gold Res. Ltd is listed in Canada. Its market capitalisation is CA$ 19.2 millions as of today (US$ 17.6 millions, € 12.7 millions).

Its stock quote reached its highest recent level on December 21, 2007 at CA$ 1.20, and its lowest recent point on June 01, 2012 at CA$ 0.06.

Oro Gold Res. Ltd has 192 391 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Oro Gold Resources Ltd.
2007 Annual report
Nominations of Oro Gold Resources Ltd.
9/17/2012Mining Announces Replacement of Its Board of Directors
4/12/2011Mining Announces Appointment of Vice President Operations
Project news of Oro Gold Resources Ltd.
5/9/2011(Taunus) 167 Metres of 2.0 g/t Gold at Taunus Project, Mexico
3/4/2011(Trinidad District)Mining Provides Sonic Drilling Update
2/21/2011(Trinidad District)Mining Commences Sonic Drilling to Upgrade and Increase Taun...
Corporate news of Oro Gold Resources Ltd.
7/13/2011Mining Commences Drilling at El Compas Project and Announces...
5/18/2011(Taunus)Mining Drills 54 Metres of 2.24 g/t Gold, Including 21 Metre...
5/5/2011(Taunus)Mining Drills 167 Metres of 2.0 g/t Gold at Taunus Project, ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (OGR.V)
0.100+0.00%
TSX-V
CA$ 0.100
05/05 15:52 -
0%
Prev close Open
0.100 -
Low High
0.100 0.100
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.100 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : -37
Produces
Develops
Explores for Copper - Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 10/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.11+2.21%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55-0.90%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.47+3.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.25-3.42%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-3.76%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.57+0.84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :