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CUA

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Share Name Share Symbol Market Type
TSXV:CUA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

RETRANSMISSION: CuOro Exploration Work Programs Established for 2014

13/01/2014 12:30pm

Marketwired Canada


CuOro Resources Corp. (TSX VENTURE:CUA)(FRANKFURT:6BC) ("CuOro" or the
"Company") is pleased to announce it has successfully filed applications for new
concession contracts in the copper-prospective Pelaya municipality of Cesar,
Colombia. The applications were filed with the National Mining Agency of
Colombia in July, 2013. According to the National Mining Agency, CuOro is the
"first-in" applicant for the areas that comprise the Pelaya Project and the
applications are now under legal and technical review. CuOro expects these
concessions to be granted in Q1 or Q2 2014.


The Pelaya Copper Project is comprised of two contiguous applications for
concession contracts in the Cesar Department of the Republic of Colombia, 200 km
south of Valledupar, Cesar. The application areas total 3,309.1 ha. The Pelaya
Copper Project is situated close to National Highway 45 (Ruta del Sol) and
easily accessed by secondary roads. Several large-scale coal mining operations
are currently in production in the Cesar and La Guajira departments proximal to
the Project area.


To date, CuOro has completed several reconnaissance visits and a widely-spaced
soil geochemical sampling grid at the Pelaya Project. This work has defined a Cu
in soil anomaly with a strike length of approximately 800 m (Singarare anomaly).
Exploration work has also defined several Cu in soil anomalies (Boloazul
anomaly) over 4 km to the north of the Singarare anomaly. Regional geologic
context and field evidence indicates the Pelaya area has potential to host a
clastic-hosted (sandstone-redox and Revett-type) redbed and reduced
(Kupferschiefer and Nonesuch) redbed copper deposits, as well as potential for
volcanic hosted redbed copper. The occurrences discovered during Cuoro's work to
date are of the latter type.


The Company is well funded to implement an aggressive exploration program to
test the propsectivity of the property. The work program recommended includes
mapping and sampling. The Company has budgeted $1,500,000 for the 2014 work
program at Pelaya.


In addition to the work planned for Pelaya the Company has a prospect generation
work program ongoing in Colombia The generative work program has to date
identified a number of opportunities for acquisition and the Company is
advancing its due diligence on the targets identified. The Company is planning
to expand its generative efforts on other opportunities in Colombia. 


An overall exploration budget of up to $2,500,000 is anticipated for 2014.

About CuOro Resources Corp.

CuOro aims to identify mineral properties that have significant potential to
develop large-scale resources in well-established and mining receptive
jurisdictions such as Colombia. Management looks to leverage its exploration and
development expertise to bring additional value to shareholders and to reduce
development risk and expense through its focus on community relations, corporate
and social responsibility. The Company will continue to look for additional
opportunities that can bring value to the Company and its shareholders. The
company is committed to upholding the highest environmental and social standards
while focusing on delivering the financial growth that its shareholders expect.


For further information regarding CuOro, see CuOro's disclosure documents on
SEDAR at www.sedar.com 


On Behalf of the Board of Directors of CuOro,

Marc Cernovitch, President & CEO

Neither the Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for the adequacy
or accuracy of this release


FOR FURTHER INFORMATION PLEASE CONTACT: 
CuOro Resources Corp.
Marc Cernovitch
647.203.7868
mcernovitch@cuororesources.com

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