Press Release Source: Dorato Resources Inc. On Thursday April 1, 2010, 9:30 am
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2010) - Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:DRI - News; OTCQX:DRIFF)(FRANKFURT:DO5 - News) is pleased to provide clarification on Minera Afrodita's drill permit - the permit is in good standing and drilling is scheduled to recommence in due course. The drill program will focus on defining and expanding the extensions of the Taricori high-grade gold mineralization to the east and at depth. Dorato has a right to acquire 100% of Minera Afrodita.
Dorato has also received from Minera Afrodita the final analysis for drill hole TAR-013 from Minera Afrodita - results are as follows: 38.93 metres grading 7.05 g/t gold and 48.4 g/t silver, including 7.37 metres grading 33.48 g/t gold and 153.8 g/t silver.
"The first drill program on the Peruvian extensions of the emergent world-class Cordillera del Condor Gold-Copper Belt has been extremely successful -- drilling of the first target on Afrodita's extensive 800km2 land package, where Dorato can acquire 100%, has resulted in the discovery of high-grade gold mineralization over significant widths," stated Keith Henderson, Dorato's President and CEO. "The potential to make additional discoveries beyond the Taricori Gold Zone is excellent and we look forward to results from ongoing work through 2010."
Outside of Taricori, the 2010 work program will focus on drill testing the Lucero bulk tonnage gold-copper target, contingent on receipt of drill permits - Lucero is interpreted to be related to gold-rich porphyry mineralization. Mapping and drill target definition of the approximately 29km2 Cobrecon copper-gold porphyry target is in progress. Additional airborne geophysics is planned as part of a larger program to screen 650 square kilometres of permissive prospective terrain, which as yet remains unexplored.
FINAL TAR-013 DRILL RESULTS
Drillhole TAR-013 was drilled in a north-westerly direction (Figures 1 & 2) and was designed to test the intersection between a northeast-trending mineralized trend and an east-west structural - lithological contact. Core angles within the intersection are variable, reflecting the complex structural nature of the zone, but it is thought that the overall zone is close to true width.
Table 1: Hole TAR-013 Final Results
DRILLHOLE FROM TO WIDTH GOLD SILVER
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TAR-013 Interval 1 13.45 m 52.36 m 38.93 m 7.05 g/t 48.4 g/t
including 27.37 m 50.14 m 24.14 m 11.10 g/t 67.6 g/t
including 32.74 m 40.11 m 7.37 m 33.48 g/t 151.9 g/t
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(i) using a cut-off of 0.25 g/t gold and allowing 2.5m of dilution
These final results are not materially different from provisional results previously reported (NR10-08) for drillhole TAR-013. The intersection of 38.93 metres grading 7.05 g/t gold compares favourably with the provisional grade of 7.12 g/t gold. This includes 7.37 metres grading 33.48 g/t gold which compares favourably with the provisional grade of 33.78 g/t gold.
The metallic screen assay method reports grade weighted between fine and coarse fractions. Metallic screen results from drillhole TAR-013 demonstrate that an abundance of the gold occurs in the fine fraction of these samples, and there is good reproducibility as compared to the 50g gravimetric fire assay method, particularly for the highest-grade samples. The same was previously found when samples for TAR-012 were repeated using the metallic screen method, so it appears that high grade samples at Taricori are repeatable, which is very positive.
To view Figure 1: Taricori Geology, click on the following link: https://media3.marketwire.com/docs/DRIfig1401.jpg
SUMMARY OF TARICORI DRILL RESULTS
DRILLHOLE FROM TO WIDTH GOLD SILVER
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TAR 001 Intersection 1 78.0 110.2 32.2m 1.03 g/t 4.3 g/t
including 89.0 96.0 7.0m 1.94 g/t 3.6 g/t
and 103.52 106.8 3.28m 2.29 g/t 2.8 g/t
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TAR 002 Intersection 1 28.7 36.7 8.0m 0.70 g/t 3.0 g/t
Intersection 2 316 328 12.0m 4.58 g/t 2.1 g/t
including 316 320 4.0m 12.81 g/t 3.7 g/t
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TAR 003 Intersection 1 35.0 49.0 14.0m 0.93 g/t 6.6 g/t
including 35.0 39.0 4.0m 2.22 g/t 11.5 g/t
Intersection 2 81.0 94.0 13.0m 1.36 g/t 9.2 g/t
including 90.0 92.2 2.2 3.48 g/t 35.3 g/t
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TAR 004 Intersection 1 38.0 52.0 14.0m 0.92 g/t 1.7 g/t
Intersection 2 79.3 83.3 4.0m 1.61 g/t 9.8 g/t
Intersection 3 148.45 150.0 1.55m 1.81 g/t 14.7 g/t
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TAR 005 Intersection 1 39.0 45.0 6.0 0.59 g/t 8.2 g/t
Intersection 2 152.4 156.45 4.05m 0.78 g/t 13.9 g/t
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TAR 006 Intersection 1 24.0 62.1 38.1m 0.51 g/t 4.7 g/t
Intersection 2 69.95 75.0 5.05m 0.73 g/t 3.0 g/t
Intersection 3 126.77 154.0 27.23 0.75 g/t 10.4 g/t
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TAR 007 Intersection 1 42.8 44.25 1.45m 4.59 g/t 37.9 g/t
Intersection 2 45.2 61.58 16.38m 1.89 g/t 57.9 g/t
including 45.2 48.0 2.8m 3.49 g/t 126.3 g/t
and 50.25 54.6 4.35m 3.12 g/t 88.8 g/t
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TAR 008 Intersection 1 65.0 67.75 2.75m 2.78 g/t 47.9 g/t
Intersection 2 87.68 96.37 8.69m 3.29 g/t 61.0 g/t
and 93.97 96.37 2.40m 8.42 g/t 187.7 g/t
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TAR 009 Intersection 1 4.8 8.5 3.7m 1.45 g/t 3.7 g/t
Intersection 2 43.5 49.5 6.0m 1.46 g/t 6.9 g/t
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TAR 011 Intersection 1 0 3.0 3.0m 4.95 g/t 5.3 g/t
Intersection 2 23.56 24.8 2.54m 4.14 g/t 18.4 g/t
Intersection 3 32.86 33.65 0.79m 8.34 g/t 35.6 g/t
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TAR 012 Intersection 1 16 34 18.0m 41.58 g/t 46.9 g/t
including 20 34 14.0m 53.37 g/t 59.6 g/t
and 22.0 23.22 1.22m 602.98 g/t 574.94 g/t
Intersection 2 49.3 72.0 22.70m 2.96 g/t 16.2 g/t
including 64.96 72.0 7.04m 7.4 g/t 22.7 g/t
and 64.96 65.91 0.95m 32.39 g/t 88.7 g/t
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TAR 013 Intersection 1 13.45m 52.36m 38.93m 7.05 g/t 48.4 g/t
including 27.37m 50.14m 24.14m 11.10 g/t 67.6 g/t
including 32.74m 40.11m 7.37m 33.48 g/t 151.9 g/t
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A total of 13 drillholes have been completed from three drill platforms, testing 250 metres east-west and approximately 100 metres vertically. Significant intersections to date are summarized below in Table 2 and drillhole locations are outlined in Figures 1 and 2.
To view Figure 2: Taricori Drill Section, click on the following link: https://media3.marketwire.com/docs/DRIfig2401.jpg
Cordillera Del Condor Background
The Cordillera Del Condor District 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 small-scale but high-grade, gold production is reported to have exceeded 100,000 ozs. per year.
Modern exploration on the Ecuadorian side of the border has recently resulted in the discovery of multiple world-class gold and base metal-bearing deposits, such as Kinross Gold Corp's Fruta del Norte Gold deposit (inferred resources of 13.6 million contained ounces gold at 7.23 g/t gold), Corriente Resources Inc.'s Mirador Copper-Gold porphyry deposit (measured & indicated resources of 438 million tonnes at 0.61% copper, 0.19 g/t gold, and inferred resources of 235 million tonnes at 0.52% copper, 0.17 g/t gold) and the Mirador Norte Copper-Gold porphyry deposit (171 million indicated tonnes at 0.51% copper, 0.09 g/t gold plus 46 million inferred tonnes at 0.51% copper, 0.07 g/t gold), and Dynasty Metals & Mining Inc's Gold deposit in the Chinapintza district (measured & indicated resources of 0.58 million ounces gold at 12.4 g/t gold plus an inferred resource of 0.71 million ounces at 11.5 g/t gold). The technical information with respect to the above deposits was obtained through the respective company's public disclosure documents available on SEDAR.
Qualified Person
EurGeol Keith J. Henderson, P.Geo. Dorato's President and CEO 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. Henderson is not independent of the Company as he is an officer and a director.
The analytical 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, Cuenca, Ecuador for preparation and on to Vancouver, BC for analysis. Au is analyzed by fire assay on a 30g aliquot followed by fusion and an ICP-OES finish. Samples greater than 10 ppm are analyzed by classical gravimetric fire 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. Certified reference material, blank material, and quarter-core duplicates are inserted at regular intervals into the sample sequence by field personnel prior to shipping in order to independently assess analytical accuracy and precision. In addition, representative blind duplicate samples are routinely forwarded an ISO-compliant third party laboratory for additional quality control.
On behalf of the board of directors of DORATO RESOURCES INC.
Keith J. Henderson, President and 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 800 square kilometres - providing the Company 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 https://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.