CuOro's drill program in kicking off!CuOroMobilizes Drill Rig to its Santa Elena Property, Colombia
VANCOUVER, BRITISHCOLUMBIA July 7, 2011-- CuOro Resources Corp. (TSX.V:CUA;FSE:6BC) ("CuOro" or the"Company") is pleased to announce that first of three drill rigshas been mobilized on its Santa Elena property in Colombia for its Phase I diamond drillprogram. Drill rigs 2 and 3 are expected to arrive sequentially in August and Octoberand it is expected to take approximately six to seven months to complete thePhase 1 drill program.
Drill Program
The Phase 1 drill programhas 68 holes planned at varying depths from 70 to 600 meters and spaced at 100meters to 150 meters along the northerly axis of the TEM anomaly, which extendsapproximately 900 meters (north-south) by 500 meters (east-west) and remainsopen to the north.
Itis anticipated that Phase 1 drilling will commence in the next few days oncemobilization is complete. The drill program’s objectives are to define theextent of mineralization at depth of the TEM anomaly and the VolcanogenicMassive Sulfide (VMS) outcrops. The first holes will be setup parallel to theVMS outcropping structures known as TEM 1 (El Azufral) and TEM2 (El Arroyo) andwill be drilled on a pattern and angled to 45 degrees to cut the structures atvarying depths. Vertical holes of up to 600 meters over the VMS outcrops totest the geophysical anomaly and mineralization at depth are also planned.
RobertSedgemore, CuOro’s CEO, said: "Starting our Phase I drill program is amajor milestone for the Company, and we anxiously await our first results.”
Full NR is here: https://www.apexcap.ca/blog/cuoro-mobilizes-drill-rig-its-santa-elena-property-colombia