Oro Mining Ltd TSXV:OGR announced results from the Taunus Gold Deposit of its Trinidad Property in Mexico. Highlights include 4.07 g/t gold over 32 metres, 8.07 g/t over 12.7 metres, 3.37 g/t over 25.6 metres, 0.83 g/t over 72.4 metres (including 1.03 g/t over 30.9 metres) and 1.91 g/t over 22.8 metres (including 3.45 g/t over 9.7 metres).
President Darren Bahrey tells ResourceClips.com, “We’re on to a discovery at the Trinidad Property. We’re drilling the Taunus Deposit, which was previously mined by Eldorado in the late 1990s. After they left, the ground became available, and we staked this abandoned open-pit mine. Essentially, Eldorado was just scratching the surface. They mined around 90,000 ounces, something like that. It was based on just vertical RC drilling, relatively shallow. We came in around 2006 or 2007 and staked it. We realized that there’s more there, especially when we made a major discovery below the zone they called the Eldorado Zone, the zone that they mined. They left some ore at the bottom of the pit. We made our discovery about 100 metres below that on the northeastern side. Drill hole number 12 showed 61.1 metres of 8.5 grams per tonne and there’s a lot more there. So we’re focusing on developing a mineable resource.
We’ve scheduled 2012 for a PEA and 2013 for breaking ground.—Darren Bahrey
“Geologically speaking, it’s one of the more complicated deposits I’ve come across,” he adds. “I’m a geologist with lots of experience in Mexico and central America, and I’m experienced with these types of deposits as well. And this one’s not just complicated geologically, but technically as well—try to drill this thing.
“We spent a couple of years trying to drill this deposit with RC and diamond, but it doesn’t work. You can’t recover the material. It’s all broken up and clay-rich. One of the issues that we had with RC and diamond drilling is that we were losing the gold. The gold is free and fine, so it’s washing away. What you see is not really what’s down there,” Bahrey says.
“So we came up with a couple of ideas. One is: ‘Let’s go mining.’ So last October we brought in John Brownlie as CEO. He was CEO with Capital Gold. Recruiting him was definitely part of the plan to move this thing into production.
“But we also came up with another idea, an innovative technique called sonic drilling. [For a demo video, click here and scroll to the bottom of the page.] We’re one of the first companies to use this as an exploration tool to drill down deeper. It’s just based on vibration, you’re not using any fluids. You’re vibrating the tube down and pulling up the material. This is the tool to use on this deposit because you’re not losing any of the gold. This has been our latest round of drilling, and we’re at the tail end of finishing. It will show what Taunus has in gold ounces. So we’re just about to show the market what Taunus has. John Brownlie and Marco Antonio Galindo [VP of Operations] are getting hungry to build this mine. We’ve got them moving forward as well.”
The property’s current resource estimate shows 3.87 million tonnes grading 1.51 g/t at a 0.3 g/t cut-off for 187,000 gold ounces indicated and 2.54 million tonnes grading 1.45 g/t at a 0.3 g/t cut-off for 118,000 gold ounces inferred. The estimate was released January 6, prior to the sonic drilling campaign.
“That’s the main focus of the company but we have other properties too; it’s just overwhelming. We have an extensive portfolio in Mexico, close to 3,000 square kilometres. So I guess we can be considered a land baron out there,” he quips.
“Our most recent results are good news—32 metres of 4.07 g/t. That’s pretty good grade. It will definitely add to the model. It just confirms that there’s more down there at depth, and that will just keep adding to what we’ve found already.
“We’re taking this into production ourselves,” he emphasizes. “We’ve scheduled 2012 for a PEA and 2013 for breaking ground. John Brownlie has a track record to make things happen pretty fast and at low cost.
“I think Mexico is an excellent place to do business. It’s a mining-friendly country; it’s in their culture. It’s certainly a place to be doing what we’re doing; there’s no question there.
“I think people should check out our management team,” Bahrey says. “And when I use the word ‘team,’ it really is a team. A lot of these juniors operate with consultants who come and go. This is a group that’s been involved in major discoveries, like over 10-million-ounce discoveries during the Placer Dome days in the 1990s, so we’ve got a team that’s done a lot of good things in the past. They’ve taken projects from discovery stage all the way to prefeasibility, so I think we’re unique in that way. Now that we’ve attracted John and Marco, we’re a complete package.”
Bahrey concludes, “I still think we’re one of the best-kept secrets in the market. The market doesn’t know us yet. That will soon change.”
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by Greg Klein