Orofino Gold Corp. (ORFG.PK) has signed an option agreement to acquire several properties in Colombia. Orofino Gold Corp. competitive advantages are the close long term relationships to Mexico and Colombia with their numerous high quality low cost gold opportunities. In addition, Orofino Gold Corp. has a Spanish speaking team with geological leadership with over 30 years in Mexico and 28 years in Colombia. The company has performed due diligence on many prospective properties and has categorized three as good to high priority, high return opportunities for immediate investment.
At the Orofino Gold Corp. Senderos de Oro project, government recorded Gold production from the area has been significant with production records between 1987 to present of over 1,300,000 ounces.
With the frequent occurrence of the very high grade gold vein systems in the central area of ORFG’s Senderos de Oro project and with several small scale grinding and amalgamation mills in-place Orofino Gold Corp. is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while ORFG continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.
Warren Resources, Inc. (Nasdaq:WRES) reports that the Company’s Chairman & CEO, Norman F. Swanton, and its Executive Vice President & CFO, Timothy A. Larkin, will present at the Rodman & Renshaw Global Investment Conference at the New York Palace Hotel in New York, NY on Tuesday, September 14, 2010 at 11:40 a.m. EDT.
A copy of the presentation will be available on the Company’s website beginning Tuesday, September 14, 2010 under “Investors – Webcasts & Presentations.”
Warren Resources, Inc. is an independent energy exploration, development and production company that uses advanced technologies to systematically explore, develop and produce domestic on-shore oil and natural gas reserves. Warren’s activities are primarily focused on oil in the Wilmington field in California and natural gas in the Washakie Basin in Wyoming. The Company is headquartered in New York, New York, and its exploration and development subsidiary, Warren E&P, Inc., has offices in Casper, Wyoming and Long Beach, California.
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