Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:
DRI)(FRANKFURT: DO5)(OTCQX: DRIFF)(PINK SHEETS: DRIFF) is pleased
to announce it has received additional assay results from Minera
Afrodita's latest and ongoing drill program on the Taricori Gold
Zone within the Cordillera del Condor project in northwest Peru.
Dorato has a right to acquire 100% of Minera Afrodita. Drilling
continues on site with hole TAR-028 currently in progress.
"Results for all Phase II drill holes to date show a 100% hit
rate in terms of significant gold intercepts, which demonstrates
the continuity potential of the gold-bearing zones being drilled.
Drill hole TAR-020 is notable as it tests the gold system at depth
and adds a significant level of confidence to ongoing drilling,"
stated Keith Henderson, Dorato's President and CEO. "Even though
the Taricori Zone represents only a small portion of an extensive
and prospective land position, the project increasingly represents
an anchor on which the project pipeline can be further
developed."
Table 1: Taricori Drill Hole Assay Results(i) (holes TAR 018-020)
From To Thickness Au Ag Zn
Drill Hole (m) (m) (m) (g/t) (g/t) (%)
---------------------------------------------------------------------------
TAR-018 Intersection 1 11.10 13.41 2.31 1.10 25.51 0.93
Intersection 2 34.50 41.62 7.12 2.90 33.46 0.74
including 37.50 40.82 3.32 5.68 54.68 1.21
including 39.46 40.82 1.36 12.67 74.06 2.50
Intersection 3 93.20 96.40 3.20 3.01 51.04 2.59
---------------------------------------------------------------------------
TAR-019 Intersection 1 30.52 41.37 10.85 0.50 13.54 0.58
Intersection 2 61.00 63.00 2.00 0.88 10.08 0.31
Intersection 3 76.60 78.27 1.67 7.82 131.41 9.99
---------------------------------------------------------------------------
TAR-020 Intersection1 100.95 109.88 8.93 10.84 49.21 3.23
including 101.47 106.80 5.33 17.33 66.39 4.74
including 101.79 106.10 4.31 21.06 70.93 5.03
---------------------------------------------------------------------------
(i)using a cut-off of 0.25 g/t gold and allowing up to 4m of dilution
Taricori Drill Program
The Taricori drilling is focused on defining the dimensions of
the gold mineralizing system. The locations of drill holes
completed to date are included on Figure 1, together with drill
hole dip in parenthesis. Minera Afrodita's geologists are in the
process of updating the geological model for Taricori - maps and
sections will be uploaded to the Dorato website in due course.
Platform 4 was constructed at an elevation 10 metres vertically
below Platform 3, and was designed to test the existence of
mineralization at greater depth - for example, intersections in
drill hole TAR-020 are approximately 75 metres below those in drill
holeTAR-015. Drill hole TAR-020 returned highly positive results,
intersecting 8.93 metres grading 10.84 g/t gold and 49.21 g/t
silver. The system has now been tested along 250 metres of strike
length and 100 metres of vertical extent. Data received from Minera
Afrodita is now being forwarded to SRK Consulting, who is being
retained to finalize geological models and begin the process of
resource estimation. Drilling in progress is testing mineralization
up to 150 metres to the east, aiming to extend the strike length to
greater than 400 metres. As the gold-mineralized system becomes
better interpreted and ideas/models are generated, the drilling
will begin to test potential extensions towards the east.
To view "Figure 1: Location of drill holes and interpreted
geology map", please visit the following link:
http://media3.marketwire.com/docs/DRI-fig-1.pdf.
Project Pipeline
The Cordillera Del Condor has been proven to host multiple,
world-class gold and copper-gold deposits in the Ecuadorian portion
thanks to modern exploration over the past several years. The
ground in the Peruvian territory, by analogy, has the potential to
host multiple deposits and Minera Afrodita's program is designed to
test multiple targets. The development of a healthy project
pipeline is an essential ingredient in testing its ultimate
potential.
The Lucero Project is located approximately 5km southeast of the
current Taricori drilling zone and drill testing of this target is
planned for 2010, contingent on receipt of drill permits. Lucero is
interpreted to be an intrusion-related gold-mineralized system. The
gold mineralization was initially discovered following airborne
geophysical surveys, which included magnetic and electromagnetic
data collection. This data in conjunction with geochemical
prospecting allowed geologists to quickly define an area of surface
gold mineralization in excess of 1.0 km by 0.8 km.
Results of surface prospecting at Lucero have previously been
released (news release NR09-13) and additional results from the
2010 program should be available in the coming weeks. Environmental
baseline studies for a drill permit application have been prepared
and will be submitted on completion of community information
workshops. Drilling is expected to be completed in 2010.
Mapping and drill target definition on the approximately 29km2
Cobrecon copper-gold porphyry target is also in progress.
Geophysical Surveying
Additional airborne geophysics is planned as part of a larger
program to screen the approximately 900-square-kilometres of
prospective terrain that as yet remains completely unexplored.
Geophysical methods allow rapid screening of large tract of land
with zero environmental impact - the surveys will help identify
areas of mineralization remotely, where ground prospecting has not
yet been completed.
The method was previously used in the area and led directly to
the discovery of mineralization at Lucero in the form of strong,
coincident magnetic and electromagnetic anomalies. The surveying
planned for 2010 will include radiometrics in additional to
magnetic and electromagnetic instruments - this addition should
help identify potassic alteration associated with potential
porphyry mineralization. Results of the geophysical survey will be
released on completion, after which ground truthing of priority
anomalies will be completed by experienced geologists.
To view "Figure 2: Land position of 1,050 square kilometres on
which Dorato can earn 100% interest", please visit the following
link: http://media3.marketwire.com/docs/DRI-fig-2.pdf.
Cordillera Del Condor Background
The Cordillera Del Condor District has been one of the most
important gold-bearing areas in Ecuador and Peru since pre-Incan
times. On the Ecuador side of the border historical small-scale but
high-grade gold production is reported to have exceeded 100,000
ozs. per year.
Modern exploration on the Ecuadorian side of the border has
recently resulted in the discovery of multiple world-class gold and
base metal-bearing deposits, such as Kinross Gold Corp's Fruta del
Norte Gold deposit (inferred resources of 13.6 million contained
ounces gold at 7.23 g/t gold), Corriente Resources Inc.'s Mirador
Copper-Gold porphyry deposit (measured & indicated resources of
438 million tonnes at 0.61% copper, 0.19 g/t gold, and inferred
resources of 235 million tonnes at 0.52% copper, 0.17 g/t gold) and
the Mirador Norte Copper-Gold porphyry deposit (171 million
indicated tonnes at 0.51% copper, 0.09 g/t gold plus 46 million
inferred tonnes at 0.51% copper, 0.07 g/t gold), and Dynasty Metals
& Mining Inc's Jerusalem Gold deposit in the Chinapintza
district (measured & indicated resources of 0.58 million ounces
gold at 12.4 g/t gold plus an inferred resource of 0.71 million
ounces at 11.5 g/t gold). The technical information with respect to
the above deposits was obtained through the respective company's
public disclosure documents available on SEDAR.
Qualified Person
EurGeol Keith J. Henderson, P.Geo. Dorato's President and CEO
and a qualified person as defined by National Instrument 43-101,
has reviewed the scientific and technical information that forms
the basis for this news release. Mr. Henderson is not independent
of the Company as he is an officer and a director.
The analytical results were reviewed by Tansy O'Connor-Parsons,
Senior Geochemist. Minera Afrodita on-site personnel rigorously
collect and track samples which are then security sealed and
shipped to ACME Laboratories, Cuenca, Ecuador for preparation and
on to Vancouver, BC for analysis. Au is analyzed by fire assay on a
30g aliquot followed by fusion and an ICP-OES finish. Samples
greater than 10 ppm are analyzed by classical gravimetric fire
assay. ACME's quality system complies with the requirements for the
international standards ISO 9001:2000 and ISO 17025:1999.
Analytical accuracy and precision are monitored by the analysis of
reagent blanks, reference material and replicate samples. Quality
control is further assured by the use of international and in-house
standards. Certified reference material, blank material, and
quarter-core duplicates are inserted at regular intervals into the
sample sequence by field personnel prior to shipping in order to
independently assess analytical accuracy and precision. In
addition, representative blind duplicate samples are routinely
forwarded an ISO-compliant third party laboratory for additional
quality control.
About Dorato Resources Inc.
Dorato Resources Inc. is mineral exploration company focused on
the highly prospective Cordillera del Condor Gold District in
northern Peru and adjacent to the border with Ecuador - one of the
most important gold-bearing districts in the region since pre-Incan
times. Dorato, through a series of option agreements, including two
agreements signed in recent weeks, now has the right to wholly
acquire an extensive land package of approximately
1,050-square-kilometres - providing the Company with the largest
land position in the Cordillera Del Condor and a highly strategic
position in this emergent gold district (Figure 2, above). Dorato
is well funded and possesses experienced management with a proven
track record.
On behalf of the board of directors of DORATO RESOURCES INC.
Keith J. Henderson, President and CEO
Cautionary Statement
This press release contains "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and "forward looking information" within the
meaning of the British Columbia Securities Act and the Alberta
Securities Act. Generally, the words "expect", "intend",
"estimate", "will" and similar expressions identify forward-looking
information. By their very nature, forward-looking statements are
subject to known and unknown risks and uncertainties that may cause
our actual results, performance or achievements, or that of our
industry, to differ materially from those expressed or implied in
any of our forward looking information. Statements in this press
release regarding Dorato's business or proposed business, which are
not historical facts are forward-looking information that involve
risks and uncertainties, such as estimates and statements that
describe Dorato's future plans, objectives or goals, including
words to the effect that Dorato or management expects a stated
condition or result to occur. Since forward-looking statements
address events and conditions, by their very nature, they involve
inherent risks and uncertainties. Actual results in each case could
differ materially from those currently anticipated in such
statements. Investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date they
are made. All of the Company's Canadian public disclosure filings
may be accessed via www.sedar.com and readers are urged to review
these materials, including the technical reports filed with respect
to the Company's mineral properties. The foregoing commentary is
based on the beliefs, expectations and opinions of management on
the date the statements are made. The Company disclaims any
intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Dorato Resources Inc. Steve Stakiw Manager - Corporate
Communications 604-638-5817 Dorato Resources Inc. Michael Pound
Manager - Investor Relations 604-638-5817 (604) 408-7499 (FAX)
info@doratoresources.com www.doratoresources.com
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