subject: Orfg.pk And Azk Are On Pennytobucks Watch List [print this page] Orofino Gold CorpOrofino Gold Corp. (Pinksheets: ORFG.PK)
ORFG is working on two locations that Geologists believe have more than 1,000,000 ounces of gold on the property
ORFG is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG.
Orofino recently announce that as result of the recent site visit and meetings with Colombian Geologists who are well informed on this area, it has been determined that current estimates for the area are that each of the areas of lode mines may prove to contain more than 1,000,000 ounces of Gold with a Silver credit (as seen in the recent assay results).
While this model is of great interest to the company the current development program is targeting a very large, multi million ounce bulk minable porphyry Copper-Gold deposit which may prove to contain estimates exceeding 5 million ounces in precious metals with associated base metals.
With investors taking a hard look at gold and advisors telling us to buy gold, this find could be significant.
Aurizon Mines Ltd. (NYSE Amex: AZK) is pleased to report that an updated mineral resource estimate has been completed for the Hosco deposit at its Joanna Property, located 20 kilometres east of Rouyn-Noranda, in north-western Qubec. The updated mineral resource estimate was prepared by SGS Canada Inc. - Geostat (SGS Geostat) in collaboration with Aurizons personnel.
The updated mineral resource estimate integrates results of the Fall 2009 and Winter 2010 infill drill program completed in the Hosco deposit area, and updates the mineral resource estimate used in the Pre-Feasibility Study for the Hosco Deposit-Joanna Gold Project, dated December 22, 2009 (the Pre-Feasibility Study) available under the Companys profile at www.sedar.com.
*
At a cut-off grade of 0.5 grams of gold per tonne, measured and indicated mineral resources have increased by 446,000 ounces, a 35% increase when compared to the previous estimate used in the Pre-Feasibility Study and now total 1.7 million ounces of gold for the Hosco deposit only.
*
The increase comes from outside the pit outline that was determined by the Pre-Feasibility Study (259,000 ounces) and the lateral extensions between surface and a depth of 100 meters (187,000 ounces).
*
Inferred mineral resources estimates have also increased by 91,000 ounces, an 11% increase from the previous estimate.
Aurizon is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec, one of the worlds most favourable mining jurisdictions and prolific gold and base metal regions, and by increasing its asset base through accretive transactions. Aurizon shares trade on the Toronto Stock Exchange under the symbol ARZ and on the NYSE Amex under the symbol AZK. Additional information on Aurizon and its properties is available on Aurizons website at http://www.aurizon.com.
***********************************
For FREE Daily Stock Alerts & Updates Signup At: http://pennytobuck.com/signup
***********************************
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyToBuck.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more ) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.
