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CuOro Resources Corp.- Emerging Colombian Copper
January 13, 2012 @ 9:35 am In Copper Stocks

CuOro Resources Corp.(TSXV:CUA [1]) is a Canadian base and precious metals exploration and development company with its prime focus on the underexplored South American country of Columbia. CuOro's flagship Santa Elena copper project is a poly-metallic deposit with significant high grade copper anomalies, and a fully funded 25,000m drill program currently underway.
The company hopes to complete an extensive exploration program consisting of: geologic mapping, ground and airborne geophysics, and a large diamond drill program. The impetus of the exploration program is to generate a NI43-101 compliant preliminary resource estimate and scoping study on the Santa Elena property in 2012.
The Santa Elena Copper-Gold property lies approximately 140 kilometers north east of Medellin, and is accessible by a paved highway and by air from all major cities in Colombia, and is in a socially stable and mining-friendly district. Additional infrastructure in close proximity to the Santa Elena property includes two hydroelectric plants and water supply within 5 km. The project comprises of 1,287 hectares in the prolific Antioquia Batholith district.
The Santa Elena property exhibits massive sulfide mineralization in outcrop, and is primarily composed of pyrrhotite, chalcopyrite, and pyrite, and has been classified as a Beshi-Type VMS deposit model based on geological and geochemical characteristics.
Phase One of the drill program is currently underway, and consists of 68 holes at depths ranging from 70m to 600m and spaced at 100m to 150m increments along the northerly axis of the TEM anomaly, which extends approximately 900m (north-south) by 500m (east-west) and remains open to the north.
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Recent assay results from the first six drill holes returned values of:
The Barranco de Loba project hosts swarms of mineralized veins and veinlets that are interpreted as stockworks, which suggests the potential for a larger style disseminated or intrusive porphyry style system. Preliminary geological mapping over 45Km2 on the property has identified over 26 vein structures to date with values up to 52.4 g/t Au and 242 g/t Ag and widths over 6m. CuOro has the option to acquire 100% of Barranco which comprises a total of 3,976 hectares and is located approximately 35 kilometers south of the town of Barranco de Loba, Department of Bolivar, Colombia.
The San Lucas gold district is believed to be one of the most prolific in Colombia and has been artisanally mined for over 200 years. There are currently more than 5,000 small scale miners working in the San Lucas district however very little modern or systematic exploration work has been carried out. Rock chip grab samples of underground mineralized veins returned values up to 87.5g/t of Au. Samples were taken from a combination of outcropping veins, stockwork veins, and mine tunnels.
Selective and most significant grab sample results were as follows :
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The property surrounds three sides of the Gloria Gold Mine, which is operated and exploited as a mining cooperative with over 1,500 artisanal miners currently active on the property. Both AngloGold Ashanti, and Mineros S.A., have conducted regional studies in the area and have reported bonanza grades for both gold and silver.
CuOro's strong management team has contributed to several significant discoveries throughout Colombia, South America and around the world. CuOro plans to leverage its share structure with strategic local and regional relationships, and long-term financial partners, to develop its prospective project into what the Company believes will be Colombia's next major mining venture. The corporate growth strategy involves focusing on late stage, highly prospective and underdeveloped areas in secure jurisdictions of Colombia
Robert Sedgemore, President & CEO and Director
Mr. Sedgemore has over 25 years of international operating and project experience in senior management positions for engineering, procurement and construction management companies and junior exploration and mining operations
Previously Mr. Sedgemore was working with the International Finance Corp.(IFC), the private sector of World Bank as the senior industry mining specialist providing technical and economic valuation on global mining investments
Past experience includes chief engineer for Zaldivar, a Placer Dome operation, and chief engineer for BHP at Minera Escondida, the world's largest copper mine, where he was involved in several brownfield expansion projects with project values in excess of $1-billion (U.S.)
Nick DeMare, CFO and Director
President of Chase Management Ltd, which provides services to public companies engaged in mineral exploration and development. Mr. DeMare is also currently an officer or director of Mirasol Resources, Tasman Metals and Batero Gold
John Seaman, Director and Chairman of Audit Committee
Mr. Seaman has been involved with several successful mining projects and is currently the CFO for Premier Gold Mines. He previously held the position of CFO of Wolfden Resources Inc. & Pediment Resources until their sale
Jorge Alberto Uribe
Former Columbian Minister of Defense, who provides consultation on security and business strategy services in Colombia
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URL to article: http://copperinvestingnews.com/9361/columbia-copper-mining/
URLs in this post:
[1] CUA: http://www.google.ca/finance?q=CVE%3ACUA
[2] Image: http://copperinvestingnews.com/files/2012/01/CuOro-projects.png
[3] Image: http://copperinvestingnews.com/files/2012/01/CuOro-Map-.jpg
[4] Image: http://copperinvestingnews.com/files/2012/01/CuOro-Copper.png
[5] Image: http://copperinvestingnews.com/files/2012/01/CuOro-Barranco-de-Loba.png
[6] Image: http://copperinvestingnews.com/files/2012/01/CuOro-Barranco-img.png
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