Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:
DRI)(OTCQX: DRIFF)(PINK SHEETS: DRIFF)(FRANKFURT: DO5) is pleased
to announce the receipt of gold-in-soil and rock assay results
received from Minera Afrodita relating to the high priority Lucero
discovery located in the Condor Gold-Copper Belt of north-western
Peru (previous News Releases NR09-13 and NR09-17). Preliminary
ridge and trail soil sampling has returned highly anomalous results
from 225 soil samples, ranging from below detection to 9.7 g/t gold
in soil, with coincident copper, zinc and silver anomalies. Dorato
has a right to acquire 100% of Minera Afrodita. The Lucero Target
(to view Figure 1, click on link:
http://media3.marketwire.com/docs/fig1dri85.jpg) is located
approximately 5 km from the flagship Taricori Gold Zone.
Lucero Results in Detail
Soil ridge and trail sampling results for gold and copper are
presented on Figures 2 and 3 (to view Figures, click on link:
http://media3.marketwire.com/docs/fig2and3.pdf) with background
images showing mapped geology and electromagnetic conductivity
respectively. Results have been received for 225 soil samples to
date.
Highest-grade gold and copper anomalies are clustered and
broadly coincident with a magnetic anomaly (Figure 1) and the
southern portion of the electromagnetic (EM) anomaly (Figure 3).
Geochemical anomalies are related to mineralized and intensely
altered sandstone and adjacent intrusive bodies, and are thus
believed to be intrusion-related. Most of the anomalous
mineralization thus far is located north of an interpreted fault
(Figure 1) This interpretation is supported by a continuous series
of samples taken over approximately 500-metres strike length, which
grade greater than 0.5 g/t gold. These levels of gold-in-soil are
exceptionally high, being measured in grams per tonne (g/t) rather
than parts per billion as is normally the case. Copper anomalies
are broadly coincident with gold anomalies with a large proportion
of samples assaying greater than 1,000 ppm (greater than 0.1%
copper).
Initial prospecting (News Release NR09-17) revealed gold and
copper anomalies from rock sampling in the area. In particular, 10
adjacent rock samples from 30 metres of continuous surface sampling
contained grades of up to 11.17 g/t gold and averaged 2.85 g/t gold
and 0.37% copper (to view Figure 4, click on link:
http://media3.marketwire.com/docs/fig4dri85.jpg). The additional
soil sampling results presented here are interpreted, together with
the geophysics, to define a significant mineralized system.
Lucero Discovery
The Lucero discovery was not previously exposed by informal
miners but rather was based on the interpretation of magnetic and
electromagnetic (EM) geophysical data combined with regional
geochemistry. Following initial reconnaissance rock sampling that
returned grades up to 11.17 g/t gold, Afrodita pursued further
mapping and soil sampling that has now added significant dimension
to these results and brought Lucero a step closer to drill
testing.
Lucero is interpreted as an intrusion-related gold-copper target
with the most anomalous samples located within intensely altered
(interpreted) Triassic-Cretaceous sandstones and sediments and a
variety of intrusive bodies, adjacent to and including the contact
between Jurassic granodiorite to diorite intrusions (Zamora
Batholith). The interpretation is a gold-copper system,
conceptually capable of hosting a bulk-tonnage target. There is
also evidence of intense skarn mineralization related to the Pucara
limestones, noted as garnet-scapolite alteration.
Development of a firm mineralization model will be dependent on
examination of future drill core. At present there are multiple
mineralization styles observed at Lucero: Structurally controlled
sulphide veining; Felsic intrusive related iron-skarn with
replacement lenses and vein fill; Intrusion related
molybdenite-galena-sphalerite bearing skarn; Stockwork quartz
veining associated with Quartz-Porphyry Dacite, and Intermediate
Sulphidation Epithermal style mineralization. Disseminated
mineralization is also present in intrusive rocks with
porphyry-style stockwork veining as well as silicification with
sulphide mineralization. The presence of potentially reactive
sandstone and limestone host rocks indicates that a significant
volume of mineralization could be developed.
Ongoing Work
Work is ongoing at Lucero with additional soil and rock sample
results pending. Work has also begun at Canelo (Figure 1) where the
geophysical signature of coincident magnetic and electromagnetic
anomalies is considered comparable to the signature at Lucero -
rock and soil sample results are also pending on this target.
Drilling at Taricori is ongoing, with 29 drillholes now complete.
Results from drillholes 14 to 17 and 18 to 20 have recently been
released and additional results will be released in due course.
Finally, the airborne geophysical survey is scheduled to begin once
survey equipment has been released from Peruvian customs.
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
recently 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 (inferred resources; 13.6
million ounces gold at 7.23 g/t gold), Corriente Resources Inc.'s
Mirador Copper-Gold porphyry deposit (measured & indicated; 438
million tonnes at 0.61% copper, 0.19 g/t gold, and 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 emerging Jerusalem Gold deposit in the Chinapintza
district (measured & indicated; 0.58 million ounces gold at
12.4 g/t gold, inferred; 0.71 million ounces at 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-Parson's, 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.
On behalf of the board of directors of DORATO RESOURCES INC.
Keith J. Henderson, President and CEO
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. Dorato is well funded and
possesses experienced management with a proven track record.
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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