VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 12, 2010) - Dorato Resources Inc. ("Dorato" or the "Company")(TSX VENTURE:DRI)(FRANKFURT:DO5) is pleased to announce that it hasreceived provisional assay results from Minera Afrodita relating todrillhole TAR-013 in the Taricori Gold Zone within the Cordillera DelCondor project in northwest Peru. Dorato has a right to acquire 100% ofMinera Afrodita.
Provisional assay results for drillhole TAR-013 indicate a broad zone of high-grade gold and silver mineralization; 38.93 metres grading 7.12 g/t (0.2 oz/t) gold and 48.4 g/t (1.4 oz/t) silver. This interval includes a core, higher-grade zone of 7.37 metres grading 33.78 g/t (0.98 oz/t) gold and 151.9 g/t (4.4 oz/t) silver.
"Finaldrill results for TAR-012, reported last week as 18.0 metres grading41.58 g/t gold, provided initial indications that the Taricori Zonehosts significant high-grade gold and silver mineralization," statedKeith Henderson, Dorato's President and CEO. "We are very excited withthis additional high-grade intersection from TAR-013, including 7.37metres grading 33.78 g/t gold, and we look forward to reportingadditional drill results as they become available."
"Drilling istesting high-grade gold mineralization, close to the contact betweenfootwall intrusive and hanging wall volcanic rocks." continuedHenderson, "The mineralized zone is open at depth and alongstrike. Drilling to date has only tested 250 metres of strike length,whereas the prospective contact has actually been mapped over a strikelength of more than 3 kilometres."
Table 1: Hole TAR-013 Provisional Results
Resultsare provisional because several samples, grading more than 30 g/t gold,have been submitted for metallic screen analysis. Metallic screen assayresults are more representative than traditional gravimetric assay dueto a larger sample weight where the grade is weighted between fine andcoarse fractions. Final results will be reported when available.
Drill Results Details
Drillhole TAR-013was drilled in a northwest direction to intersect a northeast-southwesttrending structure that has been historically exploited by informalminers. Highlights include; 38.93 metres grading 7.12 g/t gold and 48.4 g/t silver. This interval includes a core, higher-grade zone of 7.37 metres grading 33.78 g/t gold and 151.9 g/t silver. Thereis insufficient drill data to determine the true width of theintersection as core angles within the zone are extremely variable. Themineralized zone is presently interpreted to be related tonortheast-trending structures (plotted as veins on Figure 1) and assuch is close to true width.
Previously, drillhole TAR-012 was drilled northward to test an east-west mineralized zone and returned 18.0 metres grading 41.58 g/t gold. Ingeneral terms, the grade and thickness of mineralized intersections isincreasing to the east and follow-up drilling will continue to test thestrike extensions of this significant mineralized zone over the 3kilometre-long mapped contact as well as testing the depth extents ofthe mineralization. Depth extents are unknown to date, but the DynastyMining and Metal's Jerusalem deposit (measured & indicated resourceof 0.58 million contained ounces gold at 12.4 g/t gold plus an inferredresource of 0.71 million ounces at 11.5 g/t gold) is located justacross the border in Ecuador, several hundred metres west of theTaricori Zone, and extends to 450 metres depth from surface. Drillingto date at Taricori has tested 250 metres of strike length and lessthan 100 metres vertically within the mineralized zone.
To view Figure 1 accompanying this release, please click on the following link: https://media3.marketwire.com/docs/drii0312.pdf.
Cordillera Del Condor Background
TheCordillera Del Condor District has been one of the most importantgold-bearing areas in Ecuador and Peru since pre-Incan times. On theEcuador side of the border, historical small-scale but high-grade, goldproduction is reported to have exceeded 100,000 ozs. per year.
Modernexploration on the Ecuadorian side of the border has recently resultedin the discovery of multiple world-class gold and base metal-bearingdeposits, such as Kinross Gold Corp's Fruta del NorteGold deposit (inferred resources of 13.6 million contained ounces gold at 7.23 g/t gold), Corriente Resources Inc.'s Mirador Copper-Goldporphyry deposit (measured & indicated resources of 438 milliontonnes at 0.61% copper, 0.19 g/t gold, and inferred resources of 235million tonnes at 0.52% copper, 0.17 g/t gold) and the Mirador Norte Copper-Goldporphyry deposit (171 million indicated tonnes at 0.51% copper, 0.09g/t gold plus 46 million inferred tonnes at 0.51% copper, 0.07 g/tgold), and Dynasty Metals & Mining Inc's JerusalemGolddeposit in the Chinapintza district (measured & indicated resourcesof 0.58 million ounces gold at 12.4 g/t gold plus an inferred resourceof 0.71 million ounces at 11.5 g/t gold). The technical informationwith respect to the above deposits was obtained through the respectivecompany's public disclosure documents available on SEDAR.
Qualified Person
EurGeolKeith J. Henderson, P.Geo. Dorato's President and CEO and a qualifiedperson as defined by National Instrument 43-101, has reviewed thescientific and technical information that forms the basis for this newsrelease. Mr. Henderson is not independent of the Company as he is anofficer and a director.
The analytical results were reviewed byTansy O'Connor-Parsons, Senior Geochemist. Minera Afrodita on-sitepersonnel rigorously collect and track samples which are then securitysealed and shipped to ACME Laboratories, Cuenca, Ecuador forpreparation and on to Vancouver, BC for analysis. Au is analyzed byfire assay on a 30g aliquot followed by fusion and an ICP-OESfinish. Samples greater than 10 ppm are analyzed by classicalgravimetric fire assay. ACME's quality system complies with therequirements for the international standards ISO 9001:2000 and ISO17025:1999. Analytical accuracy and precision are monitored by theanalysis of reagent blanks, reference material and replicatesamples. Quality control is further assured by the use of internationaland in-house standards. Certified reference material, blank material,and quarter-core duplicates are inserted at regular intervals into thesample sequence by field personnel prior to shipping in order toindependently assess analytical accuracy and precision. In addition,representative blind duplicate samples are routinely forwarded anISO-compliant third party laboratory for additional quality control.
On behalf of the board of of DORATO RESOURCES INC.
Keith J. Henderson, President and CEO
About Dorato Resources Inc.
Dorato Resources Inc. is mineral exploration focused on the highly prospective Cordillera del Condor Gold Districtin northern Peru and adjacent to the border with Ecuador – one of themost important gold-bearing districts in the region since pre-Incantimes. Dorato, through a series of option agreements, has the right towholly acquire an extensive land package of approximately 800 squarekilometres – providing the Company a highly strategic position in thisemergent gold district. Dorato is well funded and possesses experiencedmanagement with a proven track record.
Cautionary Statement
This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Act of 1995 and "forward looking information" within the meaning of theBritish Columbia Securities Act and the Alberta Securities Act.Generally, the words "expect", "intend", "estimate", "will" and similarexpressions identify forward-looking information. By their very nature,forward-looking statements are subject to known and unknown risks anduncertainties that may cause our actual results, performance orachievements, or that of our industry, to differ materially from thoseexpressed or implied in any of our forward looking information.Statements in this press release regarding Dorato's business orproposed business, which are not historical facts are forward-lookinginformation that involve risks and uncertainties, such as estimates andstatements that describe Dorato's future plans, objectives or goals,including words to the effect that Dorato or management expects astated condition or result to occur. Since forward-looking statementsaddress events and conditions, by their very nature, they involveinherent risks and uncertainties. Actual results in each case coulddiffer materially from those currently anticipated in such statements.Investors are cautioned not to place undue reliance on forward-lookingstatements, which speak only as of the date they are made. All of theCompany's Canadian public disclosure filings may be accessed via www.sedar.comand readers are urged to review these materials, including thetechnical reports filed with respect to the Company's mineralproperties. The foregoing commentary is based on the beliefs,expectations and opinions of management on the date the statements aremade. The Company disclaims any intention or obligation to update orrevise forward-looking information, whether as a result of newinformation, future events or otherwise.
NeitherTSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.