Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:
DRI)(OTCQX: DRIFF)(FRANKFURT: DO5) announces receipt of additional
Cobrecon soil sampling results from Minera Afrodita - Dorato has a
right to acquire 100% of Minera Afrodita. Preliminary mapping at
Cobrecon confirms the presence of prospective (potassic) altered
granodiorite, diorite and massive magnetite skarn underlying the
target area. Copper (chalcopyrite) mineralization mapped at surface
is coincident with potassic alteration of granodiorite and
overlying sandstone.
In addition, sampling of soils and rocks is currently underway
at the new Cobrecon Sur porphyry target as defined by its
geophysical and geochemical signatures.
Initial field investigation has revealed a large area of quartz
vein stockwork and associated copper (chalcopyrite) mineralization.
Potassically altered diorites contain disseminated and vein
chalcopyrite as well as trace bornite. Limited work to date at
Cobrecon Sur has defined this alteration and mineralization over an
area of 1 kilometre by 250 metres, which remains open. The overall
trend of the stockwork zone and the dominant direction of veining
are northwest, parallel to the geochemical and geophysical
anomalies and to known productive mineralizing trends nearby in
Ecuador.
Both Cobrecon and Cobrecon Sur are high priority drill targets.
Surface sampling and mapping will continue to further define these
targets ahead of near-term drill testing. Drilling is ongoing at
Lucero with results from drillholes 019 to 022 pending.
Geophysical data followed-up with stream and then soil
geochemical sampling, together with geological mapping, are the
primary target-generation tools being used in the Cordillera del
Condor. With belt-wide geophysical surveys (now complete), surface
sampling and mapping will quickly define additional drill
targets.
Cobrecon Porphyry Target
Intense magnetic highs adjacent to magnetic lows, are similar to
magnetic anomalies known to be associated with skarn gold-copper
mineralization at the Lucero prospect. At Cobrecon, the area of
extreme magnetic variation is now covered by the soil sampling, and
is coincident with anomalous copper, molybdenum and zinc values
(Figure 1). Preliminary mapping has outlined a zone of massive
magnetite over 300 metres wide and 800 metres long within altered
volcanic sediments and tuffs. Anomalous gold appears to be
associated with an overlying sedimentary package and is independent
largely of the other metals.
Recently received soil sample results complete the soil data
coverage over the Cobrecon anomalies. Copper ranges from 2 ppm to
1381ppm (0.14%) - highly anomalous by comparison with normal levels
of copper in soil. Molybdenum, considered immobile and a reliable
indicator of subsurface mineralization, ranges from less than 1 ppm
to 43 ppm. Zinc, which is anomalous over the interpreted skarn, is
depleted over the porphyry target, which is typical of productive
porphyries in the region.
Preliminary mapping at Cobrecon confirms the presence of
potassic altered granodiorite and sandstone, and massive magnetite
skarn underlying the target area. Chalcopyrite mineralization
mapped at surface is coincident with potassic alteration of
granodiorite and indicative of porphyry mineralization.
Cobrecon Sur Porphyry Target
Additional soil sampling will be completed in the coming weeks
along ridges to the south at Cobrecon Sur (Figure 2), where there
is a broad magnetic low coincident with silt anomalies in copper,
molybdenum, and zinc. Surface mapping has revealed a large area of
quartz vein stockwork and associated chalcopyrite (copper)
mineralization hosted by diorite and tonalite.
Potassically altered diorites contain disseminated and vein
chalcopyrite as well as trace bornite. Limited work to date at
Cobrecon Sur has defined this alteration and mineralization over an
area of 1 kilometre by 250 metres, which remains open. The overall
trend of the stockwork zone and the dominant direction of veining
is northwest, parallel to the geochemical and geophysical
anomalies.
To view Figures 1, 2 and 3 please click on the following link:
http://media3.marketwire.com/docs/0321DRI.pdf
Ongoing Work
During the soil and rock sampling at Cobrecon Sur, the next two
regional targets will be silt and rock sampled. These are the T3
(magnetic low porphyry target) and T5 (sharp magnetic high skarn
target).
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
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 with an inferred resource of 13.6
million contained ounces of gold averaging 7.23 g/t gold), the
Mirador Copper-Gold porphyry deposit (recently sold by Corriente
Resources Inc.) with measured & indicated resources of 438
million tonnes at 0.61% copper, 0.19 g/t gold plus 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 Jerusalem Gold deposit in the Chinapintza district
with measured & indicated resources of 0.58 million contained
ounces gold at 12.4 g/t gold plus an additional 0.71 million ounces
inferred contained ounces averaging 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
John Drobe, P.Geo., Dorato's Vice President of Exploration 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. Drobe is not independent of the
Company as he is an officer and a shareholder.
The results of the geophysical survey have been reviewed by
Brian Williams, consulting geophysicist, who checked data quality
during data acquisition and assists with ongoing
interpretation.
The geochemical results were reviewed by Tansy O'Connor-Parsons,
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 Henderson, President & 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 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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