Terminal City Club Tower, Suite 709 - 837 West Hastings Street
Vancouver, BC CANADA V6C 3N6 TSX Venture Exchange: OVR
Tel: 604-687-1828 Fax: 604-687-1858 Toll Free: 1-800-901-0058 Frankfurt: GA0
NEWS RELEASE - October 3, 2013
Orovero Resources Appoints Art Freeze and George Sivertz to
Orovero Resources Corp. (formerly Golden Alliance Resources Corp.) (TSX-V: OVR, Frankfurt: GA0, "Orovero" or the "Company") is pleased to announce that Mr. George Sivertz, P. Geo, and Mr. Art Freeze, P. Geo, have joined the Advisory Board effective immediately. Mr. Sivertz is credited with the discovery of new mineral deposits at Rio Tabaconas and has worked extensively on the project over the past 12 years. He is the author of the 2011 Technical report and is a Qualified Person as defined in National Instrument 43-101. Mr. Freeze has an early history at Rio Tabaconas and has worked with Mr. Sivertz in Peru and other countries.
"It's a great pleasure to welcome both George and Art. George's knowledge and enthusiasm for the project is unmatched by anyone and I'm delighted to have one of the finest exploration geologists in the business join us once again. Both gentlemen have spent a significant portion of their careers working on projects in Peru and have a deep understanding of the challenges faced by mining companies today. Their knowledge will be invaluable as we pursue our exciting strategy for Rio Tabaconas," stated Len Clough, Orovero Resources' President.
News Release October 3, 2013
Orovero Resources Corp. Page 2
"I am very pleased to be involved with the Rio Tabaconas Gold Project once again. The initial 33 hole-1,600 meter diamond drilling campaign at Cerro Tablon yielded seven significant skarn hosted gold intercepts, including a highlight hole of 16.4 m grading 18.0 grams per tonne. Toward the pursuit of disseminated mineralization, there are extensive IP chargeability anomalies at Cerro Las Minas, wherein the Peak Zone anomaly is roughly circular and is 300 meters in diameter and is coincident with a gold in soil anomaly, locally grading 1.0 gram per tonne, with spot high values approaching 4.0 grams per tonne. At the West Breccia area, an IP anomaly approximately 400 meters long and 200 meters wide encompasses the mineralized West Breccia outcrops and the adjacent gold in soil anomalies. At Minas Sur, the IP anomaly is 50-100 meters wide and 500 meters in length. I am optimistic that the Rio Tabaconas property has a high exploration potential for gold and should be pursued toward the definition of one or more gold deposits of significance. I look forward to working with the Orovero Team toward this end. " stated Art Freeze.
Mr. Freeze has 45 years experience in mineral exploration and project management and was employed as Principal Consulting Geologist to Goldcorp Inc., Silver Wheaton Corp., and New Gold Inc., variously between 2002 and 2008. In addition, he has held positions with several major companies including: Cominco Ltd., Pasminco Ltd., Echo Bay Mines Ltd. and Pan American Silver Corp. He was a Director of Norsemont Mining Inc., which was acquired by HudBay Minerals Inc., in
2011. Recently he acted as a Consulting Geologist and Advisory Board member to Orko Silver
Corp., before its recent acquisition by Coeur Mining Inc. Currently Mr. Freeze is President of Stillwater Enterprises Ltd. and sits as a Director of Eagle Mountain Gold Corp., Telson Resources Inc., Canasil Resources Inc., Orex Minerals Inc., and as an Advisor to Starcore International Mines Ltd., and Grande Portage Resources Ltd. Mr. Freeze has extensive international experience in North, Central and South America, in Spain, in the former Soviet Republics and in North Korea. Most recently Mr. Freeze has devoted the majority of his professional services to Orex Minerals Inc., and he continues to consult on a part time basis to Goldcorp Inc. He is a member of the Association of Professional Engineers and Geoscientists of British Columbia.
Mr. Sivertz has been a consulting geologist with Orequest Consultants Ltd., since 1994 and has extensive experience in Latin America, most notably Peru. Recently Mr. Sivertz worked as Project Manager for the Northern Peru Copper Corp/Lumina Copper Galeno Cu-Mo porphyry project, Cajamarca Peru. Mr. Sivertz received an honours degree in Geology from the University of British Columbia in 1976 and began his career with Noranda Exploration in Northern BC. He also gained experience with Hunter Dickinson Inc. at the Mt. Milligan and Prosperity copper-gold porphyry deposits in BC, and with Glamis Gold in the early 1990's. He is a member of the Association of Professional Engineers and Geoscientists of British Columbia.
About Orovero Resources Corp.
Orovero is a company focused on gold, copper and silver exploration in Peru. The Company has a very strong portfolio of 100%-owned highly prospective projects, offering multiple opportunities for a significant discovery. Orovero is a member of the Grosso Group, a management company active in the resource exploration industry since 1993, and working in Peru since 1995.
Mr. George Sivertz, P.Geo (of Orequest Consultants Ltd.), a Qualified Person under NI 43-101, has reviewed and approved the contents of this release.
News Release October 3, 2013
Orovero Resources Corp. Page 3
ON BEHALF OF THE BOARD "Len Clough"
Mr. Len Clough, Chairman, President, CEO and Director
For further information please contact:
Mr. Shawn Perger, Corporate Communications
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward- looking statements. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.