🕐23.10.14 - 02:27 Uhr

ORINOCO GOLD LTD. [ASX:OGX] - CASCAVEL, BRAZIL: MORE BONANZA RESULTS EXTEND CURR
ENT HIGH GRADE ZONE TO 15M AT 88G/T AU





Fortbridge Media Release

Orinoco Gold Ltd. [ASX:OGX] - Cascavel, Brazil: More Bonanza Results Extend Current High Grade Zone to 15m at 88g/t Au

Orinoco Gold Limited (ASX: OGX) is pleased to advise that it has made further important progress in evaluating the potential for an initial low-cost mining operation at its 70 per cent-owned Cascavel Gold Project, part of its Faina Goldfields Project in central Brazil, with latest results from the exploration decline providing further evidence of the exceptional grade, continuity and tenor of the mineralisation.

New bonanza assay results of up to 239g/t gold have been received from the exploration decline, confirming the interpretation of high-grade gold shoots at Cascavel and continuing to extend the strike length of the previously reported high-grade shoot. The exploration decline has progressed down dip and now extends 29m from the initial cross-cut.

As outlined in the ASX Release of 21 August, contiguous sampling in the decline defined a continuous zone both along strike and down-plunge extending over 9.7m at an average grade of 125g/t gold.

The most assay recent results have extended this high-grade contiguous zone to 15m at an average grade of 88g/t Au. The exploration decline continues to advance down the dip of and at right angles to the shoots (see Figure 5 from the link provided) towards the artisanal Mestre winze.

Importantly the zones of bonanza grade can be correlated across the decline walls, and this supports the interpretation of bonanza grade shoots that plunge shallowly towards the west (see Figure 1 from the link provided). The shallow plunge is important because it increases the ounces per vertical metre, potentially having a positive impact on mining costs.

To view the full announcement please click on the link below:

For further information, please contact:

Mark Papendieck
Managing Director
T: 08 9463 3241
E:

For media and investor inquiries, please contact:

Fortbridge / Sydney
Bill Kemmery
Tel: +61 400 122 449
Email:




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