🕐07.07.14 - 01:54 Uhr

ORINOCO GOLD LTD. [ASX:OGX] - BONANZA GOLD RESULTS UP TO 27 OZ/TONNE FROM CASCAV
EL EXPLORATION DECLINE, BRAZIL





Fortbridge Media Release

Orinoco Gold Ltd. [ASX:OGX] - Bonanza Gold Results up to 27 oz/tonne from Cascavel Exploration Decline, Brazil

Orinoco Gold Limited (ASX: OGX) is pleased to advise that it has received outstanding first assay results from contiguous panel sampling undertaken within the recently commenced exploration decline at its Cascavel Gold Project in central Brazil. Cascavel forms part of Orinoco�s 70 per cent-owned Faina Goldfields Project.

Highlights:

* Bonanza grade nature of Cascavel confirmed following receipt of outstanding assay results from very shallow depths from the recently commenced exploration decline at Cascavel.

* Highest grade results from contiguous ~0.5m x 0.5m panel samples on the wall of the decline (along the strike of the mineralisation) to date include:
* 5.73m at 113.3 g/t gold (3.6 ounces from metre 12.43 to 18.16m of decline) at approx. 21m from surface and currently open to SW including:
* 2.46m at 239.4 g/t gold (7.7 ounces from metre 15.m to 18.16m of decline)
* The highest grade panel sample returned in this batch was 0.5m at 842g/t (27 ounces from metre 17.34 to 17.72m of decline).

* The last panel that was sampled in this reported batch returned 282g/t Au with significant gold encountered in subsequent metres sampled but not yet assayed (see Figure 1 from the link provided).

* Current results are from an area 70m north along strike from the previously known zone of thickest and highest grade mineralisation at Cascavel, towards which the decline is currently progressing.

The results � when combined with previous drilling, underground bulk and channel sampling � provide further strong evidence of the potential for significant, structurally controlled shear zone hosted gold mineralisation from very shallow depths at Cascavel, highlighting the opportunity to develop a high-grade, low-cost gold project.

Orinoco�s Managing Director, Mr. Mark Papendieck, said the exploration decline was proving to be very effective in providing accurate information to enable the Company to rapidly progress the Cascavel Project to a mining scenario.

These results, together with the information we have gained from drilling and bulk sampling support our view that Cascavel is a substantial high-grade gold system with outstanding near-term development potential, Mr. Papendieck said.

To view the full announcement please click on the link below:

For further information please contact:

Mark Papendieck
Managing Director
08 9463 3241




Products & Services | Jobs