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Oro Nevada Resources Inc. announces commencement of drilling.

TORONTO--(BUSINESS WIRE)--Nov. 25, 1996--Oro Nevada Resources Inc. (ASE - ONV) announces that it has commenced a 20,000 foot program of Reverse Circulation drilling in four areas (see map attached) on its Dean Ranch in Crescent Valley, Nevada to test targets outlined by Controlled Source Audio Magnetotelluric ("CSAMT") and ground magnetic surveys.

The targets are all on the west side of the Cortez Mountain under shallow alluvial cover is proximity to known gold shows in bedrock.

The first target to be tested is the Duff where a gold-bearing quartz-flooded zone is exposed for several hundred feet along the Main Cortez Range Front Fault. The zone is up to 15 feet wide, with gold values up to 8.3 g/t on surface. The target is the down dip extension of the structure where it intersects a CSAMT anomaly.

The second target is Duff North where a ground magnetic high is present immediately west of the Cortez Range Front Fault. Geophysical interpretation indicates the anomaly could be skam related.

The third target to the drill tested is Hand Me Down where earlier exploration identified a gold-bearing sinter several hundred feet long and over 100 feet wide with gold values up to 0.68 g/t on surface.

CSAMT results show the sinter ridge to be a late-stage hotspring event and has identified a large body of highly resistive rock at a shallow depth in the alluvium. The resistive body measures 1400 x 400 feet and is offset below the sinter outcrop.

The fourth target to be initially tested in 1996 is Cottonwood Canyon. Past exploration by major mining companies confirmed the presence of Lower Plate sedimentary rocks with attendant weak gold mineralization.

Ground geophysical surveys have identified a large block of shallowly buried bedrock west of the Front Range Fault. The block is possibly sedimentary rock, similar to those exposed in Cottonwood Canyon. The target is presumed to be a Carlin type.

The Dean Ranch, which was purchased by Oro Nevada Resources, includes 48,437 acres of land in Crescent Valley on the Battle Mountain Trend in Lander and Eureka counties. Another 46,301 acres of federal land within and adjacent to the ranch has been staked for a total of 94,738 acres. The ranch is in the vicinity of the Cortez Joint Venture's Pipeline and South Pipeline deposits.

At the Nevada First Ranches a 15,000 foot drill program is planned to test up to three targets by the end of 1996. The initial target will be Anderson Canyon (see map attached) in the Osgood Mountains west of the Getchell Mine.

The leased property consists of the Nevada First Ranches which are composed of 179,252 acres of privately owned land in Elko and Humboldt counties. An additional 124,165 acres has been staked adjacent to the current leases for a total acreage position of 303,417 acres.

The Nevada First Ranches are divided into parcels in the Battle Mountain, Carlin and Getchell Trends near the Midas Joint Venture exploration project and the Getchell, Twin Creeks, and Pinson ore deposits.

Geophysical surveying, geological mapping and geochemical sampling are continuing to delineate drill targets for initial testing in early 1997 on both the Dean and Nevada First Ranches.

Ore Nevada Resources owns, has leased, or staked, approximately 400,000 acres of land covering portions of the Carlin, Battle Mountain and Getchell trends in Nevada.

The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein.

CONTACT: Oro Nevada Resources Inc.

Peter M. Slocombe, 416/368-2985, Fax: 416/368-5201
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Publication:Business Wire
Date:Nov 25, 1996
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