Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:
DRI)(OTCQX: DRIFF)(FRANKFURT: DO5) is pleased to announce that
positive results of initial soil sampling at Target T4 have been
received from Minera Afrodita. This anomaly is located in the
northern part of the Cobrecon target area, where anomalous stream
sediment samples cover an area of approximately 29 square
kilometres. The new soil sampling results, combined with
geophysical data and preliminary mapping, define a
copper-molybdenum porphyry target together with a gold-copper skarn
target.
Additionally, Minera Afrodita has now commenced drill-testing at
the Lucero target, located in the Taricori Block and initial
results are expected in early Q1-2011. Dorato has a right to
acquire 100% of Minera Afrodita.
TARGET T4 (COBRECON)
Geophysical target T4 (news release NR10-26) is located within
the larger Cobrecon geochemical anomaly, defined by 29 square
kilometres of anomalous rock and stream sediment anomalies. Within
this larger anomaly, recently announced geophysical target T4 has
provided focus within a broad geochemical anomaly.
Geophysical Data
Target T4 consists of a two-kilometre wide, northwest-trending
magnetic anomaly - a series of sharp, high intensity magnetic
highs, bordered to the southwest by a broader area of magnetic low.
The broad magnetic low is considered permissive for porphyry-style
mineralization and the magnetic-high trending northwest adjacent to
the magnetic low is strikingly similar to magnetic anomalies known
to be associated with skarn gold-copper mineralization at the
Lucero prospect. The northwest trend is consistent with the
dominant mineralized trend in the porphyry copper-gold district to
the north in Ecuador (Mirador, Panantza, and San Carlos deposits,
totalling 25 billion pounds of copper) as well as being an
important mineralized trend at the Fruta del Norte gold deposit
(13.6 million ounces gold), located just across the border to the
north.
To view Figure 1 please visit the following link:
http://media3.marketwire.com/docs/doratomaps1220.pdf
Geochemical Support
New soil sample results from ridge traverses over the T4 anomaly
indicate a coincident one-kilometre long soil anomaly of high
molybdenum and copper values centred over low zinc values (Figures
1) - this is typical of the zonation seen in porphyry centres in
tropical-weathered soils such as the Mirador Porphyry deposits in
Ecuador.
At Cobrecon, only the northern-most magnetic high is covered by
the soil sampling. In areas where sample data is available,
anomalous gold, copper and zinc values are coincident with the
geophysical high (Figure 1). This geochemical response is
consistent with anomalies identified over known gold-copper skarn
mineralization at Lucero.
Ongoing Work
The next step is to further investigate the significance of the
targets and generate drill targets for Q2-2011. Additional soil
sampling will be completed along ridges to the southeast, over the
magnetic highs, with concurrent outcrop mapping and sampling from
drainages within the anomalies.
LUCERO DRILL TARGETS
Drill-testing of the Lucero Target, located in the Taricori
Block, is underway and initial results are expected in January
2011. Following identification of coincident magnetic and
electromagnetic anomalies, the Lucero target was significantly
expanded by stream sediment sampling, panning, soil sampling,
mapping and trenching, as well as a second, more detailed, 50-metre
line-spaced geophysical survey.
Most recently, the results of additional trenches were announced
(news release NR10-25) including 50 metres grading 1.01 g/t and
63.2 metres grading 1.63 g/t gold, both of which were open-ended
surface intercepts. The significance of the entire batch of trench
results was that consistent gold mineralization was identified in
trenches over an area of 730 metres by 530 metres and in multiple
trenches rather than the single trench announced several months
ago. The area of new trenching is located within a greater soil and
rock geochemical anomaly measuring 1,100 metres by 750 metres.
At Lucero, the presence of extensive plus 1 g/t gold
mineralization at surface points to potential bulk-tonnage style
gold mineralization. Drilling is essential to testing this
interpretation.
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 results of the geophysical survey have been reviewed by
Brian Williams, consulting geophysicist, who checked data quality
during data acquisition and assists with ongoing
interpretation.
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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