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News Release – Lobo Solitario, Chile
December 29, 2004
Following the recommendation of A.C.A. Howe International Limited regarding a development program on the Lobo claims, the company’s engineer examined the property in November, 2004 and reported that the road access and right of ways to the property have been secured and the company can now proceed with the first three diamond drill holes of approximately 1,300 meters total.
“CDI’s La Fortuna Property represents a favourable target to host narrow, high grade, vein style, gold mineralization at relatively shallow depths, and this target remains open in most directions and could be larger in extent than currently exposed. In addition, in the south portion of the property there is a weakly defined target which has the potential to host breccia type mineralization similar to Medinah Mining’s recently discovered Altos de Lipangue gold-copper breccia pipe, which outcrops approximately 2.0 kilometers to the southwest. Other parts of the CDI land position have only been reviewed on a preliminary basis, or not at all, and these should be further explored since the potential exists for additional high grade veins, similar to Fortuna.”
We are pleased to announce that Peter Cannon has joined the executive of the company as Corporate Secretary.
Richard Sjostrom
President
Note: This News Release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Cerro Dorado, Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future could differ materially form those anticipated in such statements. Important fators that could cause actual results to differ materially from the Company's expectation are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
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