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Tuesday, 29th August 2006 (3248 views)

Oro Gold Resources has announced that it has acquired a drill rig as it starts to finalise preparation for work at the Rosario Gold Belt project.

The site, situated in southern Sinaloa in Mexico, stretches over an area of 950 square kilometres. The company has signed a contract with BDW International Drilling for over 5,000 metres of diamond drilling. The contract stipulates that the rig and its crew will be made available to Oro for the rest of 2006 and the whole of 2007.

With the rig in its possession, the company plans to drill a minimum of two properties on the Rosario portfolio. During the past eight months, the company has undertaken exploration work aimed specifically at developing suitable targets for drilling and the San Isidro and Trinidad projects look likely to be earmarked for drilling programmes.

The company is in the process of acquiring permits for drilling and access at the San Isidro epithermal vein property, which is situated just ten kilometres away from the Rosario mine. No previous work has been carried out at the site and five holes are expected to be drilled there.

Oro Gold chief executive Darren Bahrey said: "With the shortage of drill rigs and operators, securing contracts is becoming an increasingly important aspect of any exploration plan. This arrangement gives us the time and flexibility to conduct drilling on any of our properties through the remainder of 2006 and into 2007."

 

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