Oro Gold drills 42.5 m Au of 7.6 g/t at Trinidad

Oro Gold drills 42.5 m Au of 7.6 g/t at Trinidad

http://www.orogoldresources.com/main/?Taunusgoldtarget



Hole #1 was drilled with 2 primary objectives, both which were wildly successful:

1. To de-risk the play. The discovery hole in Oct 08 of 61M of 8 g/t was a core hole in between two RC holes of approx 100M of 1.5 g/t. The risk was that the discovery hole may have hit a thin vein of high grade gold and that the rest of the deposit was more in the 1-1.5 g/t grade which is what the 43-101 is based on. As you can see in the map of the drill holes, hole #1 was drilled vertically to cut across several of the RC holes at different angles and the high grade gold was still achieved throughout the 40-60 meter length. This essentially de-risks the play.

2. A larger drill core was used in this round of drilling to prevent losing holes short of their intended depths as was the case late last year. The drilling so far, although slow, has been successful.

Now that the discovery has been de-risked, we go after increasing the deposit size. The second hole (#16 with assays to be released next week) is according to the press release:

Diamond drill hole 09TR016, a twin of RC hole 08TRRC040 (1.62 g/t gold over 100 metres), is located on the same section and approximately 20 metres below hole 09TR015. Geological logging on 09TR016 indicates mineralized material very similar to what was observed in diamond drill holes 08TR012 and 09TR015 over a comparable interval. The objective of the second hole is to confirm higher gold grades in the deeper part of the new zone.


This second hole, although a twin, will show if the higher grades exist deeper in the deposit. The RC showed 1.62 g/t. This hole should show grades significantly higher. It appears the mineralization goes for 100 meters in this core hole and if we get 5 g/t over 100 meters, the share price will move north of $1.00.

The third hole steps out a very long 500 meters to test a near surface anomaly.

The fourth and fith holes will start stepping out and going deeper than the first two holes to see if indeed this is a monster.

The next few months will be exciting to say the least. My recommendation was to sell 1/3 or 1/2 on the news but this is not yet the news that will cause a buying panic and therefore I haven't sold a share (although many did and locked in a nice profit). The best is ahead of us.

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