Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:
DRI)(OTCQX: DRIFF)(FRANKFURT: DO5) announces receipt, from Minera
Afrodita, of final drill results from the first phase of drilling
at the northern-most anomaly at Cobrecon. Results indicate the
presence of a large and pervasive mineralized porphyry system,
drill-tested over an area of 2km x 1km (Figure 1). Grades can be
considered sub-economic at 0.1% to 0.2% copper, but the presence of
such a large and pervasive mineralized system is encouraging for
the two remaining drill targets (Cobrecon Sur and Cobrecon Este),
which are defined by larger, more intense surface geochemical
anomalies. Drilling on the remainder of the targets is subject to
Minera Afrodita's permitting process.
Dorato has also received additional surface geochemical results
which further expand the known extents of the Cobrecon Sur and
Cobrecon Este drill targets (Table 1 & Figures 2 and 3). Dorato
has a right to acquire 100% of Minera Afrodita, which holds
concessions within the Condor Copper-Gold District in northern
Peru.
Table 1:Summary of Cobrecon Drill Targets
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Target Dimensions Drill Testing Geochemistry Geophysics
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Cobrecon 2km x 1km Complete Moderate Moderate
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Cobrecon Sur 4km x 2km Awaiting Permit Strong Strong
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Cobrecon Este 1km x 1km Awaiting Permit Strong Strong
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DRILL RESULTS
Figure 1 summarizes the results from drilling of first Cobrecon
target and demonstrates the extent of pervasive, low-grade copper
mineralization. Best results from holes 7 to 10 include; hole
CBC-8, which intersected 103 metres (23 metres to 126 metres)
grading 0.19% copper equivalent. CBC-10 also demonstrates thick,
pervasive mineralization, intersecting 170 metres (10 metres to 180
metres) grading 0.10% copper equivalent. Highlights from all holes
of Phase 1 drilling are shown in Table 2 below.
To view Figure 1: Cobrecon Drilling Results and Geology, please
visit the following link:
http://media3.marketwire.com/docs/DRI923_F1.pdf
SURFACE RESULTS
At Cobrecon Este, anomalous soil samples and airborne
electromagnetic data now outline a strong copper-molybdenum anomaly
to the east of Cobrecon (Figure 2).
To view Figure 2: Regional view of Cobrecon, Cobrecon Sur, and
Cobrecon Este, please visit the following link:
http://media3.marketwire.com/docs/DRI923_F2.pdf
Preliminary rock samples from the area have returned altered
intrusive rocks (quartz-sericite-pyrite and quartz vein stockwork)
with disseminated chalcopyrite and chalcocite indicative of a
porphyry system. Additional ridge and spur soil sampling and
reconnaissance rock sampling in creeks is planned. Most encouraging
is that the molybdenum anomaly is coincident with a zinc-low
anomaly at Cobrecon Sur and Este, which suggests a strong system
(Figure 3) - this mineral zoning is most critical in the
copper-gold porphyry deposits across the border in Ecuador (Mirador
porphyry district).
To view Figure 3: Zinc Low, please visit the following link:
http://media3.marketwire.com/docs/DRI923_F3.pdf
Additional soil results from the western limits of the Cobrecon
Sur anomaly show that the mineralization is contiguous with the El
Hito porphyry across the border in Ecuador (Figure 2). Minera
Afrodita channel rock samples from creeks draining the slopes east
of El Hito ran 0.3% Cu over 80m. This additional sampling increases
the size of Cobrecon Sur target area to 4 kilometres x 1
kilometre.
Table 2: Cobrecon Significant Drill Intersections.
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Hole From (m) To (m) Interval Cu% Mo (ppm) Au g/t Ag g/t CuEq(i)
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CBC-01 0 20.5 20.5 0.1018 10.9 0.033 2.8 0.12
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20.5 121 100.5 0.1626 16.5 0.027 0.6 0.18
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163.11 183.7 20.59 0.1819 4.7 0.037 0.5 0.20
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240 405.47 165.47 0.1181 20.5 0.017 0.4 0.13
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CBC-02 5.74 234 228.26 0.1607 15.7 0.041 0.7 0.19
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5.74 108.25 102.51 0.1212 13.5 0.039 0.9 0.15
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incl. 108.25 234 125.75 0.1930 17.5 0.043 0.7 0.22
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234 264 30 0.1425 12.3 0.017 0.4 0.15
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346 430 84 0.1196 15.6 0.032 0.4 0.14
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CBC-03 10.3 94 83.7 0.1558 27.0 0.039 0.6 0.18
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CBC-04 0 61.65 61.65 0.1236 12.7 0.062 0.8 0.16
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CBC-05 85.5 270.5 185 0.1154 16.3 0.023 0.5 0.13
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incl. 85.5 219 133.5 0.1247 17.4 0.026 0.6 0.14
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344 380.15 36.15 0.1259 25.6 0.078 0.5 0.17
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CBC-06 8.92 122 113.08 0.1786 12.0 0.135 1.0 0.26
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incl. 21.7 85.5 63.8 0.2454 16.9 0.196 1.2 0.37
---------------------------------------------------------------------------
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CBC-08 23 126 103 0.1418 10.3 0.081 1.1 0.19
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CBC-09 3 42 39 0.1079 9.6 0.036 0.6 0.13
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CBC-10 10 180 170 0.1028 20.5 0.026 0.6 0.10
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incl. 10 27.26 17.26 0.1688 20.0 0.037 1.1 0.19
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(i) calculation for copper equivalent assumes $1500/oz gold and $3.50/lb
copper; recovery not taken into account
QUALIFIED PERSON
John Drobe, P.Geo., Dorato's Vice President of Exploration 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. Drobe is not independent of the
Company as he is an officer and a shareholder.
The results of the geophysical survey have been reviewed by
Brian Williams, consulting geophysicist, who checked data quality
during data acquisition and assists with ongoing
interpretation.
The geochemical 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, Lima, Peru for 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.
Blind certified reference material is inserted at regular intervals
into the sample sequence by field personnel in order to
independently assess analytical accuracy. In addition,
representative blind duplicate samples are routinely forwarded to
ACME and an ISO-compliant third party laboratory for additional
quality control.
On behalf of the board of directors of DORATO RESOURCES INC.
Keith Henderson, President & CEO
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable Canadian and US
securities legislation. All statements, other than statements of
historical fact, included herein including, without limitation,
statements regarding the anticipated content, commencement and cost
of exploration programs, anticipated exploration program results,
the discovery and delineation of potential mineral
deposits/resources/reserves, business and financing plans and
business trends, are forward-looking statements. Although the
Company believes that such statements are reasonable, it can give
no assurance that such expectations will prove to be correct.
Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and
similar expressions, or are those, which, by their nature, refer to
future events. The Company cautions investors that any
forward-looking statements by the Company are not guarantees of
future results or performance, and that actual results may differ
materially from those in forward looking statements as a result of
various factors, including, but not limited to, variations in the
nature, quality and quantity of any mineral deposits that may be
located,variations in the market price of any mineral products the
Company may produce or plan to produce, the Company's inability to
obtain any necessary permits, consents or authorizations required
for its activities, the Company's inability to produce minerals
from its properties successfully or profitably, to continue its
projected growth, to raise the necessary capital or to be fully
able to implement its business strategies, to obtain the required
supremem decree from Peruvian authorities and other risks and
uncertainties disclosed in the Company's Amended 2010 Annual
Information Form filed with certain securities commissions in
Canada and the Company's 2010 Annual Report on Form 40-F filed with
the United States Securities and Exchange Commission (the "SEC"),
and other information released by the Company and filed with the
appropriate regulatory agencies. All of the Company's Canadian
public disclosure filings may be accessed via www.sedar.comand its
United States public disclosure filings may be accessed via
www.sec.gov, and readers are urged to review these materials,
including the latest technical report filed with respect to the
Livengood Property.
Cautionary Note Regarding References to Resources and
Reserves
National Instrument 43 101 - Standards of Disclosure for Mineral
Projects ("NI 43-101") is a rule developed by the Canadian
Securities Administrators which establishes standards for all
public disclosure an issuer makes of scientific and technical
information concerning mineral projects. Unless otherwise
indicated, all resource estimates contained in or incorporated by
reference in this press release have been prepared in accordance
with NI 43-101 and the guidelines set out in the Canadian Institute
of Mining, Metallurgy and Petroleum (the "CIM") Standards on
Mineral Resource and Mineral Reserves, adopted by the CIM Council
on November 14, 2004 (the "CIM Standards") as they may be amended
from time to time by the CIM.
United States shareholders are cautioned that the requirements
and terminology of NI 43-101 and the CIM Standards differ
significantly from the requirements and terminology of the SEC set
forth in the SEC's Industry Guide 7 ("SEC Industry Guide 7").
Accordingly, the Company's future disclosures regarding
mineralization may not be comparable to similar information
disclosed by companies subject to SEC Industry Guide 7. Without
limiting the foregoing, while the terms "mineral resources",
"inferred mineral resources", "indicated mineral resources" and
"measured mineral resources" are recognized and required by NI
43-101 and the CIM Standards, they are not recognized by the SEC
and are not permitted to be used in documents filed with the SEC by
companies subject to SEC Industry Guide 7. Mineral resources which
are not mineral reserves do not have demonstrated economic
viability, and US investors are cautioned not to assume that all or
any part of a mineral resource will ever be converted into
reserves. Further, inferred resources have a great amount of
uncertainty as to their existence and as to whether they can be
mined legally or economically. It cannot be assumed that all or any
part of the inferred resources will ever be upgraded to a higher
resource category. Under Canadian rules, estimates of inferred
mineral resources may not form the basis of a feasibility study or
prefeasibility study, except in rare cases. The SEC normally only
permits issuers to report mineralization that does not constitute
SEC Industry Guide 7 compliant "reserves" as in-place tonnage and
grade without reference to unit amounts. The term "contained
ounces" is not permitted under the rules of SEC Industry Guide 7.
In addition, the NI 43-101 and CIM Standards definition of a
"reserve" differs from the definition in SEC Industry Guide 7. In
SEC Industry Guide 7, a mineral reserve is defined as a part of a
mineral deposit which could be economically and legally extracted
or produced at the time the mineral reserve determination is made,
and a "final" or "bankable" feasibility study is required to report
reserves, the three-year historical price is used in any reserve or
cash flow analysis of designated reserves and the primary
environmental analysis or report must be filed with the appropriate
governmental authority.
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.
Contacts: Dorato Resources Inc. Steve Stakiw Manager - Corporate
Communications 604-638-5817 Dorato Resources Inc. Michael Pound
Manager - Investor Relations 604-638-5817 604-408-7499 (FAX)
info@doratoresources.com www.doratoresources.com
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