Dorato Receives Initial Results From 2010 Airborne Geophysical Survey for the Lucero Target, Cordillera del Condor, NW Peru
16 Novembro 2010 - 12:00PM
Marketwired
Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:
DRI)(OTCQX: DRIFF)(FRANKFURT: DO5) is pleased to announce receipt
of airborne electromagnetic (EM) and magnetic geophysical survey
results for Lucero from Minera Afrodita. This survey covers the
same area as the 2009 AeroTEM survey (which was collected at 200
meter line spacing) but has now been collected at 50 meters
line-spacing for increased resolution.
The 2010 survey defines a coincident magnetic and
electromagnetic anomaly centered on surface gold and copper
mineralization at Lucero. With the addition of close-spaced flight
lines, the anomalies have grown significantly - the magnetic
anomaly now occurs over 940 by 840 metres and the coincident
electromagnetic anomaly measures 630 metres by 600 metres. Surface
geochemical anomalies, extending over 1.1 kilometres by 750 metres
are coincident with and extend beyond the geophysical anomalies.
The most compelling anomalies, such as surface trenches grading
2.08 g/t gold over 188.0 metres, are located within the geophysical
response. The scale of anomalies at Lucero continues to point to
bulk tonnage potential and drill testing is planned for late
November.
"Initial results from Lucero target indicate that the 2010
Cordillera del Condor regional geophysical survey is producing
high-quality geophysical anomalies," stated Keith Henderson,
Dorato's President and CEO. "The 2010 survey produced a coincident
magnetic and electromagnetic anomaly at Lucero where insitu gold
and copper mineralization has been established within a 750 by 1100
meter multi-element surface geochemical anomaly. The technical team
has learned a great deal from the 2008 and initial 2010 surveys and
is eager to apply this knowledge to the rest of this highly
prospective approx. 135 kilometer-long, gold-copper belt."
Survey Results
The airborne electromagnetic (EM), and magnetic survey for the
Peruvian portion of the Cordillera del Condor have been completed
for the Lucero target area. Although the Lucero target area was
covered in the 2008 AeroTEM survey, it was included in the 2010
survey in order to 1) verify the geophysical response with the new
system and 2) to obtain higher resolution data using 50 meter line
spacing (see Figure 1:
http://media3.marketwire.com/docs/dri-map1.pdf). The 2010 survey
produced a 940 metre by 840 meter magnetic anomaly (Fig. 1A) and a
coincident electromagnetic anomaly (Fig.1B) measuring 630 metres by
600 metres which is centered on the northern portion of the
magnetic anomaly (Figs. 1A, 1B and 1D). These anomalies are located
within a robust multi-element soil and rock sample geochemical
anomaly that measures over 1,100 meters in length (north-south) and
750 metres in width (east-west) over the Lucero target (Figs.
1A-1D).
The 2010 geophysical survey was flown using a highly-portable,
helicopter-borne power time-domain electromagnetic (EM), magnetic
and radiometric system.
Lucero Discovery
Lucero is a 100% grass-roots discovery and was not previously
exposed by informal miners. The Lucero target was initially
identified by magnetic and electromagnetic geophysical data
combined with preliminary regional geology and stream sediment
geochemistry. The Lucero discovery zone mineralization now forms an
extensive gold and copper mineralized system that extends for over
a kilometre.
Significant results to date include a series of 10 continuous
chip samples collected over 30 metres grading up to 11.17 g/t gold
and averaging 2.85 g/t gold and 0.37% copper (news release
NR09-17). Follow-up trenching 350 meters south of this zone,
intercepted 41 meters grading 3.08 g/t gold and 0.20% copper in
trench 755201 (NR10-20). Extension of the trench to the southwest
and northeast results in a continuous anomaly over 188.0 metres
grading 2.08 g/t gold and 0.2% copper, including 56.9 metres
grading 3.65 g/t gold and 0.23% copper. The continuous nature of
gold grade at Lucero suggests that the discovery zone has
significant bulk tonnage potential.
Cordillera Del Condor Background
The Cordillera del Condor 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 high-grade, small scale
gold production is reported to have exceeded 100,000 oz per
year.
Modern exploration on the Ecuadorian side of the border has
resulted in the discovery of multiple, significant and world-class
gold and base metal-bearing districts, such as Kinross Gold Corp's
Fruta del Norte Gold deposit with an inferred resource of 13.6
million contained ounces of gold averaging 7.23 g/t gold), the
Mirador Copper-Gold porphyry deposit (recently sold by Corriente
Resources Inc.) with measured & indicated resources of 438
million tonnes at 0.61% copper, 0.19 g/t gold plus inferred
resources 235 million tonnes at 0.52% copper, 0.17 g/t gold, and
the Mirador Norte Copper-Gold porphyry deposit (indicated 171
million tonnes at 0.51% copper, 0.09 g/t gold; inferred 46 million
tonnes at 0.51% copper, 0.07 g/t gold), and Dynasty Metals &
Mining Inc's Jerusalem Gold deposit in the Chinapintza district
with measured & indicated resources of 0.58 million contained
ounces gold at 12.4 g/t gold plus an additional 0.71 million ounces
inferred contained ounces averaging 11.5 g/t gold). The technical
information with respect to the above deposits was obtained through
the respective companies' 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 shareholder.
The geochemical 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, Lima, Peru for 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.
Blind certified reference material is inserted at regular intervals
into the sample sequence by field personnel in order to
independently assess analytical accuracy. In addition,
representative blind duplicate samples are routinely forwarded to
ACME and 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 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. 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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