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Canada Business News and Press Releases
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(EMAILWIRE.COM, May 09, 2011 ) Montréal, Québec - Investorcentral.us (http://investorcentral.us a premier source for Top penny stocks research, issues Top stock alert for the following company (ORFG): ORFG, Orofino Gold Corp., OTCQB:ORFG.
ORFG is a Colombian based gold producer, founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
ORFG Plans to Retain SEPRO to Increase Recoveries
ORFG reported that it has requested Sepro Systems Corp. to assist in the design criteria to improve environmental sensitivity and maximize yield production and recoveries as it begins development at its Culo Alzado mine site in Sur de Bolivar, Colombia.
Canadian-based Sepro Systems Corp. is a leading supplier of state-of-the-art, environmentally sensitive mineral processing equipment for projects worldwide.
Recent permitting issues for Colombian based Gold projects due to environmental concerns from the Colombian government have made sustainable and environmentally conscious mining programs a top priority for many of the region's mining companies. ORFG's directors and management feel taking steps to ensure sustainability from the beginning of its exploration process is part of the company's responsibility to the local population and government. These steps will also better position the company for long-term development of its concessions thanks to a decreased environmental impact.
In addition to positioning ORFG for environmentally sustainable growth, installing Sepro equipment at its Culo Alzado mine site will also dramatically improve recoveries of minerals from current workings. ORFG intends to install new, state-of-the-art crushing, milling, and recovery systems in order to begin a regular sampling program as laid-out by the company's Qualified Person as described in the National Instrument 43-101.
This equipment will enable ORFG to generate regular, up-to-date metallurgical and geological reports, improving knowledge of the composition of the producing concessions and increasing investor confidence.
(Source: http://www.prnewswire.com/news-releases/orofino-gold-corp-orfg-plans-to-retain-sepro-to-increase-recoveries-121493014.html)
Recently the company reported that additional laboratory test results of ORFG's Culo Alzado rock samples returned high grades
- Random chip samples returned high grades to 31.80 grams of gold per tonne in average by adopting fusion method (G6Gr).
- Random chip samples returned grades to 66.80 grams of silver per tonne in average by adopting aqua regia digestion method (7AR).
The best results generated 52.20 grams of gold per tonne (or 1.68 troy ounces of gold per tonne) and 178 grams of silver per tonne (or 5.72 troy ounces of silver per tonne).
ORFG will carry out more chip samples and begin larger scale trenching near the producing mines in the near future.
ORFG is confident that diamond drilling at the Culo Alzado area will intercept better than average grades of gold and silver mineralization and will confirm continuity of the mineralized system to depth.
ORFG's corporate objective is to continue to build shareholder value through the exploration and development of The Senderos de Oro Gold Camp and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
More about ORFG at www.orofinogold.com.
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Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Investorcentral.us/
Walid Moudjed
1-345-254-2435
info@investorcentral.us/ 
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