Oro Silver Earns-In 100% Interest in Ana Camila Property
12 Janvier 2010 - 2:15PM
Marketwired
Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE: OSR) is
pleased to announce that it has now acquired 100% interest in the
Ana Camila claim group (5 concessions) located adjacent to the El
Compas mine in Zacatecas, Mexico. Under the agreement, signed in
July 2007, Oro Silver had the option to purchase a 100% interest in
the Ana Camila property the final payment having just been
completed. The 320 hectare property encompasses the northern 500
metres extension of the gold/silver bearing El Compas vein system.
(See appended map: http://media3.marketwire.com/docs/oro112m1.JPG).
The recent core drilling by Oro Silver at the El Compas property
has returned some impressive drill results including 193.2 g/t gold
and 1,264 g/t silver over 4.3 metres (see press release dated
November 10, 2009), and demonstrate the potential of the area.
A 5,000 metre diamond drilling program is currently underway at
the El Compas property. This program was initiated at the El Orito
and El Compas vein targets with the goal of increasing the
Company's NI 43-101 compliant gold-silver mineral resource
estimate.
The current program is also designed to test for a silver target
below the gold bearing zones. Detailed geophysical surveying,
satellite (ASTER) image interpretation, underground geological
mapping, and a clay alteration studies have been completed in order
to refine Oro Silver's geologic model for targeting. These advanced
exploration tools are expected to aid in maximizing the success of
the drill program.
Oro Silver's project development programs are supervised by Mr.
Thomas Bagan, P. Eng., Chief Operating Officer and Mr. Eric Grill,
Exploration Manager. Mr. Bagan is a qualified person as defined by
National Instrument 43-101.
About Oro Silver
Oro Silver is a junior exploration company pursuing early and
advanced staged silver-based opportunities in Mexico. Oro Silver's
strategy is to develop properties towards silver production through
a strategic business arrangement and development plan focused on
advanced-stage projects with known silver resources that exhibit
potential for expansion. The El Compas mine continues to be the
cornerstone for Oro Silver's growth strategy in the Zacatecas
silver district.
ON BEHALF OF THE BOARD OF DIRECTORS,
Tom Bagan, P.Eng., Chief Operating Officer
Some statements in this release may contain forward-looking
information. These statements include, but are not limited to,
statements with respect to future exploration, resource estimation,
development and production activities and future expenditures.
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. Such factors
include, among others, the time and success of future exploration,
development and production activities and the timing and amount of
expenditures.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Oro Silver Resources Ltd. Tom Bagan, P.Eng. Chief
Operating Officer 604 646-1588 604 642-2411 (FAX)
www.orosilver.com
Oro Silver Resources Ltd. (TSXV:OSR)
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