|





|
Oro Gold Resources Ltd.
COMPANY DATA | INTRODUCTION
| PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE
COMPANY DATA
| Traded Market: |
TSX-V |
| Traded Symbol: |
OGR |
| Outstanding Shares: |
19,031,107 |
| 52 Week High: |
$ 0.99 |
| 52 Week Low: |
$ 0.45 |
| Present Price: |
Click Here |
INTRODUCTION
Oro Gold Resources Ltd. is a gold exploration company in the midst of a rapid growth curve. Founded in 2005, the Company has quickly attracted some of the brightest minds in the industry. This team is now exploring a major land package, covering 165,000 hectares of highly prospective ground, in the rich geological environments of Mexico and Central America.
Current holdings in Mexico including a 950-acre 5-property land package surrounding the historic Rosario multi-million ounce past-producing gold mine located just outside of Mazatlan, as well as a silver-gold project near Mexico City. In Panama the Company has made applications for mineral title to 7 properties covering more than 750 sq.km. It is expected that title to these properties will be granted shortly.
PROJECT IN HAND
(A) Mexico Property Portfolio

|
Project
Name
|
Location
|
Claim
Size
(Ha)
|
Highlights
|
Status
|
|
Trinidad
District
|
Sinaloa,
Mexico
|
65,124
|
43-101
compliant Inferred Resource at Taunus: 1,624,400 tonnes @ 1.76 g/t Au
for a total of 91,915 ounces.
Best
drill results to date come from drill holes 07TR01 and 07TR04, and
returned 3.0 g/t Au over 14.1 metres and 13.0 g/t Au over 3.1 metres,
respectively.
2.9
g/t Au over 48 m channel at Nancy prospect located 0.8 km north of
Trinidad pit.
1.0
g/t Au over 52 m channel at the Tanque prospect located 0.2 km south
of Taunus pit.
|
Initiated
3,000 metre core and RC drill program to expand and upgrade resource
at Taunus, and test step-out targets.
Currently
prioritizing drill targets on its other projects located in the
Trinidad district.
Completed
728 m, 8 core holes, at San Miguel prospect (internal concession).
|
|
Cimarron
|
Sinaloa,
Mexico
|
7,850
|
High
grade stream sediment gold values (> 200 ppb to 2,245 ppb Au)
returned over a significant area (20 sq.km). High grade channel
samples: 11 g/t Au over 3 m; grab samples up to 128.4 g/t Au.
|
Optioned
to Mazorro Resources Inc.
Plan
to commence drill program in 2nd quarter of 2008.
Completed
ground magnetic and in-fill geochemical survey.
Bedrock
source of gold bearing (1-5 g/t) magnetic and specularite float still
unknown.
|
|
San
Isidro
|
Sinaloa,
Mexico
|
6,900
|
Best
drill intercept: 10.82 g/t Au over 5.74 m (at surface).
Intersected
stockwork veining-potential remains for high-grade feeders.
|
Completed
1,656 m, 11 core holes at Main zone.
Completed
a ground mag survey for additional targeting.
Plan
to JV out.
|
|
Ixtapan
Gold
|
Mexico
State
|
4,190
|
Best
drill intercept: 0.58 g/t Au over 16.5 m.
|
Optioned
to Rockgate Capital Corp. (RGT)
6
diamond drill holes completed, 929 m.
Recommend
RGT complete 1 deep drill hole (> 250 m) to target the vein at the
contact in the basement.
Pending
surface access agreement to complete drill hole.
|
|
Guasima
|
Sinaloa,
Mexico
|
11,709
|
Review
of geochemical results show that there is a 8 sq.km polymetallic
anomaly centered in the east-central portion of the property.
Channel sample returned > 100 g/t Ag over 8 m.
Mineralization is typical of intermediate sulphidation veins as
exposed in the historic Panuco-Copala camp located to the north.
|
Transferred
to Oro Silver spin-out company.
Plan
to JV out.
|
|
Mihuatlan
Silver
|
Mexico
State
|
4,540
|
Mexican
government defined a resource of 225,000 gold equivalent ounces based
on drill programs completed during 1980’s; significant past drill
intercepts include 4.39 m of 670 g/t Ag + 1 g/t Au, and 9.6 m of 147
g/t Ag.
|
Transferred
to Oro Silver spin-out company.
Drill
permit and surface occupation agreements in place.
Plan
to JV out.
|
  
(B) Panama Project
Oro Gold's land package in Panama is comprised of 7 individual properties covering more than 750 sq.km in the Veraguas, Los Santos, Herrera, and Darien provinces. These acquisitions represent an opportunity to pursue quality prospects in under-explored belts. The properties have moderate to excellent access and infrastructure, and are all located outside of indigenous lands, national parks, and tourist development areas. Identified through a systematic review of historical government and private industry data, in conjunction with field investigations as part of the Company's ongoing generative exploration activity, each of the properties host early stage exploration targets with substantial evidence of gold and copper anomalies.
All properties are characterized by highly (gold) anomalous surface geochemistry including both rock and stream sediment samples, and are located in belts that host significant epithermal precious metal and/or gold copper porphyry deposits and occurrences.
Three of the 7 properties (Juan Diaz Norte, Cerro Aguilucho, and Rio Viejo) are located in the Azuero peninsula within a nearly 100 km long, east-west trending belt that is characterized numerous occurrences of high-sulphidation type epithermal gold mineralization, and all are underlain by broad/extensive zones of strong advanced argillic alteration and local silicification which is typical of this mineralization style.
Sona is a porphyry style target underlain by a broad gold-copper soil anomaly.
The Ambroya and Maje prospects are located in eastern Panama. While these properties may be the least
w ell understood, they host some of the highest surface gold geochemistry in Oro Gold's Panamanian portfolio, and placer gold mining is known to have taken place in multiple areas.
Miguelito is located east of the Petaquilla gold-copper district which is currently subject to significant advanced-stage exploration funded by Teck-Cominco.

MANAGEMENT
Oro Gold Resources Ltd. has a well management team with experience in different areas.
Directors and Officers
Darren Bahrey, President, CEO & Director
Mr. Bahrey has spent over 17 years in the exploration business with junior and major mining companies. Prior to co-founding Oro Gold, he spent years playing key roles within Placer Dome, with a main focus in Latin America, identifying and advancing properties and discovering. He has management experience in generative through to advanced stage exploration (feasibility level), with a focus on negotiations, acquisitions, corporate valuation, strategic planning, and property advancement.
Frank Powell, Vice President
Mr. Powell has over 20 years experience in the exploration industry, the past 17 years have been with Placer Dome where his most recent role was the Exploration Manager for Africa. During his tenure with Placer Dome, Mr. Powell worked in variety of senior positions such as: General Manager of Global Exploration Development, Platinum Exploration Manager, Technical Assistant to the President & CEO, Project Manager (Venezuela, Nevada, South Africa) and Optimization Team Leader (South Africa).
Peter Kendrick, CFO & Director
Mr. Kendrick has 15 years of experience in the mining industry, working in metallurgical engineering, environmental engineering, geophysical engineering, mining engineering and finance. He worked with Placer Dome from 1994 to 1999 where he served in numerous project evaluation and project management type roles on projects throughout the United States, Africa, Russia and Latin America.
Eric Grill, Senior Project Manager
For the past 20 years, Mr. Grill has been in the field providing everything from technical through project management support on numerous grass roots to advanced stage properties located throughout Latin America, Western Canada and Nevada. Most of his time has been devoted to projects run by Placer Dome as well as Francisco Gold and Glamis Gold, which he left to co-found Oro Gold Resources. Fluent in Spanish, much of his time is spent in the field evaluating and negotiating new property acquisitions.
Francisco Vargas, Exploration Manager
Francisco Gonzalez, Operations Manager
Martha Guevara, Controlle
NEWS UPDATE
On June 10, 2008, Oro Gold Resources Ltd. announced that it is arranging a non-brokered private placement of up to 3.5 million units (the "Units") at a price of $0.55 per Unit for proceeds of up to $1,925,000, subject to regulatory approval.
Oro Gold intends to use the proceeds of the private placement to further define and expand the current gold resource at its 100%-owned flagship Trinidad property in Mexico, and for other corporate purposes and general working capital.
On June 10, 2008, Oro Gold Resources Ltd. and Mazorro Resources Inc. announced that they have commenced the first phase of a 5,000-metre reverse circulation (RC) drill program at the Cimarron property in Mexico. This program will consist of 2,500 metres of drilling, which will be followed by the second phase in midsummer, once assay results from the first phase have been evaluated. The drill program it designed to target the kilometre-scale gold anomaly at the Calerita prospect, as well as drill test anomalies identified from the recently completed soil geochemical and magnetic surveys.
On May 14, 2008, Oro Gold Resources has acquired a 100% interest in the 80-hectare San Pablo property located approximately 10 km east of past-producing Rosario gold-silver mine in Sinaloa, Mexico. A total of five concessions have been acquired. The acquisition of San Pablo completes the consolidation of a 3,508-hectare El Habal land package, which gives Oro Gold a 100% interest in another prospective area within the Rosario gold belt.
On May 6, 2008, Oro Gold Resources Ltd. And Mazorro Resources Inc. have provided the results of the historic drill and channel sample data on the Cimarron property located in Sinaloa, Mexico, and confirm gold resource potential at Cimarron. Mazorro has the option to acquire from Oro Gold a 60% undivided interest in the Cimarron property by spending US$2.65 million in exploration expenditures by June 30, 2011, and by issuing one million common shares in stages by June 30, 2010.
In the fall of 2007, Mazorro financed a 4,373-sample soil geochemical survey and a magnetic survey covering 326 line kilometres on the Cimarron property. These data are currently being interpreted in preparation for a 5,000-metre reverse circulation (RC) drill program that is planned to commence in June, 2008.
On April 28, 2008, Oro Gold Resources Ltd. announced the appointment of Robert Kendrick to Chairman of the Board. Mr. Kendrick, having been a director of Oro Gold Resources, comes to the position with a base of many years of mining related responsibility including: VP & General Manager of Climax Molybdenum division of Amax Inc., VP of Amax Exploration Inc.; Senior VP of Operations Amax Inc.; President and CEO of Monarch Resources - London-Caracas-Bermuda.
On March 17, 2008, Oro Gold Resources Ltd. announced that it has received encouraging drill results at the Company's 100% owned Trinidad property in Sinaloa, Mexico. The latest drill campaign has identified three new gold zones that are anticipated to increase Oro Gold's current gold resource base.
Highlights of drill results:
· 1.45 g/t gold over 78 metres in RC hole 23 (including 2.33 g/t gold over 22 metres and 2.29 g/t gold over 10 metres)
· 1.45 g/t gold over 44 metres in RC hole 30 (including 1.88 g/t gold over 32 metres)
· 1.76 g/t gold over 8 metres and 1.58 g/t gold over 8 metres in RC hole 29
· 5.97 g/t gold over 3.3 metres in core hole TR006
On March 3, 2008, Oro Gold Resources Ltd. reported that the assay results indicate a new discovery and confirm the potential to increase the existing inferred mineral resource of 91,915 ounces gold (1,624,400 tonnes at 1.76 g/t gold) at Oro Gold's 100% owned Trinidad property in Sinaloa, Mexico.
Highlights of drill results:
· 3.29 g/t gold over 30 metres in hole 08TRRC025, including 10.25 g/t gold over 8 metres, confirm the potential for significant resource expansion in a previously unexplored area located to the northeast of the Taunus pit.
· 1.10 g/t gold over 22 metres in hole 08TRRC017, 1.14 g/t gold over 26 metres and 1.98 g/t gold over 14 metres in 08TRRC016, indicate a new gold-bearing zone in the Colinas area located approximately 1 km south of the Taunus pit.
· New gold zones are open at depth and along strike.
"These results put Oro Gold firmly on track to achieve one of its objectives this year: to define low-cost gold resources sufficient to attract mid-tier and senior gold producing companies," stated Darren Bahrey, President and CEO.
On February 14, 2008, Oro Gold Resources Ltd. reported that it has successfully completed over 5,000 metres of drilling this past month to complete the first phase drill campaign at its 100% owned Trinidad property in Sinaloa, Mexico. The objective of the program is to increase the inferred mineral resource of 91,915 ounces gold (1,624,400 tonnes at 1.76 g/t gold) by drilling expansion targets at the abandoned Taunus open-pit deposit, as well as to make a discovery of new gold zones within a 1 km radius of the pit.
Highlights of the drill program to date include:
· Expansion of silicic and hematitic alteration zones to the northeast and southwest of the Taunus pit by at least 250 m, and is open along strike and at depth. Within the pit area this alteration is interpreted to be associated with gold-bearing zones.
· Confirmed large km2 potential gold-bearing zones of "colluvial-like" material at surface with variable depths of 2 to 12 m.
· Discovered a new zone at depth in the Colinas target area, located approximately 1 km south of the pit.
A total of 10 core, 34 RC holes, and 27 shallow RC holes testing surficial gold-bearing zones have been completed.
|