ORFG, NEM, - CRWESelect.com Stock Update! - Orofino Gold, Newmont Mining
Orofino Gold Corp. (Other OTC: ORFG.PK) has categorized the Senderos de Oro properties as good high priority, high return opportunities. These properties are in areas of known gold reserves, and have current small scale production of Gold. Recent samples returned values as high as 250 grams Gold with high copper values exceeding 10%. Geological trending indicates continuation at depth.
Porphyry-style copper+/- gold system as seen at several locations at Senderos de Oro and which are currently mined and milled by local artisanal miners who recover only the free gold with cut-off level at 90 grams/tonne. Soil Geo- Chemistry over a 450m by 1700 metres area has found it to be anomalous with gold with a potential to contain several hundred million tonnes to a depth of only 200 metres.
At the ORFG Senderos de Oro project, government recorded Gold production from the area has been significant with production records between 1987 to present of over 1,300,000 ounces. All production has been Artisanal (small miners) in nature and production continues to this day.
Orofino Gold Corp. is a new high growth gold company whose mandate is to acquire, explore and develop to compliant proven reserves major gold targets in historically rich gold bearing jurisdictions of Mexico and Colombia - two of the most significant gold producing countries in the world.
For more information about this company please visit http://www.orofinogold.com/
Newmont Mining Corp. (NYSE: NEM) recently reported that its wholly owned subsidiary, Newmont Mining Corporation of Canada Limited, acquired 2,000,000 common shares (?Shares?) of Eurasian Minerals Inc. (?Eurasian?) by way of private placement at a price of Cdn $2.20 per Share for aggregate gross proceeds to Eurasian of Cdn $4,400,000.
After giving effect to the private placement, Newmont beneficially owns and controls approximately 10.18% of the Shares (calculated based on 36,348,522 current outstanding Shares).
Furthermore, Newmont Mining Corp. will report Second Quarter 2010 results before the market opens on Wednesday, July 28, 2010.
For more information about this company please visit http://www.newmont.com/
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