Orofino Gold Corp. (Pink Sheets: ORFG) is a global gold company which is focused on the acquisition, exploration and development of Mexican and Colombian gold properties. The company recently signed an option for the acquisition of various properties in the Sur de Bolivar Department of Colombia.
Xplosive Stocks, an online financial publication, provides investors timely stock market information.
Sign Up Today for our Free Stock Newsletter
ORFG is searching for properties in historically rich gold bearing zones within Mexico and Colombia. Orofino is planning to develop proven reserves on major gold targets. ORFG plans is to begin drilling its first gold prospect in the first quarter of 2010.
Gold prices increased for the 3rd time in 4 sessions following the belief that the Federal Reserve will hold lending rates in the U.S. low for an extended period, eroding the value of the dollar. In 2009, gold rose by 24% as the central bank kept rates near 0% to spur the economy, which led to the drop of the dollar by 4.2%.
Orofino has a Spanish speaking team that has a background in geological leadership with over 30 years in Mexico and 28 in Colombia. The company completed due diligence on various prospective properties and categorized 3 in the good to high priority.
For February delivery, gold futures grew $7.40, or 0.7%, to $1,136.80 per ounce on the Comex division on the New York Mercantile Exchange. It is possible that the metal may top $1,200 in the first half of the year on the demand for a hedge against inflation.
Sign up for the free Xplosive Stocks newsletter. Investors interested in receiving small cap stock alerts through the penny stock newsletter published by Xplosive Stocks can sign up for free by visiting our website.
About Us
Xplosive Stock is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We focus on Xplosive Stocks and track small cap companies that are on the brink of a financial breakout. To feature a company on our website please contact us at the email listed below.
Please click here to read the full disclaimer.
