News / Business
OroFino Gold, A Golden Future in the Making
Orofino Gold Corporation is an international gold company focused on the acquisition, exploration and development of gold properties in Mexico and Colombia.
PennyStockFinder.com is a leading stock website that provides free alerts on stocks of various markets. We also feature companies on our website with complete research reports, analysis, and newsletters. PennyStockFinder.com is not a registered investment advisor or broker-dealer. The following is an opinion piece on OroFino Gold and is not to be considered as an official report and is in no way suggesting you either buy or sell any shares of ORFG or any other company.
Gold, is the latest, hottest market these days and rumbles and rumors are circulating. This latest story has crept in through the grape vine and has gotten us thinking that based on what Ventana, Medoro and Greystar have accomplished, the potential for this company is quite significant and has huge merit.
The company in question, is Orofino Gold Corp (OTC:PK ORFG). Orofino Gold Corp. (OTC:PK ORFG ) is an international gold company focused on the acquisition, exploration and development of gold properties in Mexico and Colombia. Orofino Gold’s Sederos de Oro project, in the Sur de Bolivar area of Colombia South America has all the makings of being another success story similar to Ventana Gold; same area, similar structure, high grade and disseminated surface deposits hosted in Mesozoic aged intrusive rocks as well as three current artisanal producers producing from high grade and disseminated mineralization hosted in Jurassic aged volcanic and sub-volcanic intrusive rocks. If these hypotheses can be proven facts, Orofino would find itself in a preeminent position in this district, due to its controlling interest over these three producers.
1- 1400X450=630,000 sq. meters
2- At a depth of one meter, this results in 630,000 cubic meters
3- Utilizing 630,000 cubic meters with a specific gravity of 2.6 we have 1,638,000 tons per meter of depth.
4- The current geochemical composition is 220 pb or 0.22 grams per ton of gold, for that given area, for an end result of 360,360 grams.
5- Taking 360,360 grams and converting it to ounces, by a factor 31.1035, gives us 11,586 ounces of gold per meter of depth. This assuming that it is WITHOUT ANY HIGH Grade, which is known to exist in the area.
6- 100 meters in depth would therefore equal 1,158,600 ounces of gold or approximately 1.0 million ounces per meter of depth.
Therefore:
1 - 200 meters would produce 2.0 million ounces
2 - 300 meters would produce 3.0 million ounces
3 – 400 meters would produce 4.0 million ounces
Should Orofino’s properties contain even one million ounces of gold, it can be almost guaranteed that its valuation will rival that of gold companies such as Ventana Gold. While this is merely speculation at this point, it must be considered that Colombia has had some major gold finds as of late and there are several success stories coming out of Colombia.
Orofino Gold Corp announces Colombian Gold Development Plan
HONG KONG, CHINA, Jan. 20 /PRNewswire-FirstCall/ - Orofino Gold Corp. (OTC:PK ORFG ) is an international gold company focused on the acquisition, exploration and development of gold properties in Mexico and Colombia.
Senderos de Oro project in Sur de Bolivar mining District Colombia, exploration activities during the first quarter have been and will continue to be concentrated on completing the assessment of the geochemical sampling program over a two kilometer portion of the Sur de Bolivar gold property in North Central Colombia. This information, coupled with geological and regional structural data, forms the basis for drill target definition. This data is being completed and a recommendation for further work will be made shortly.
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