The drill program will test both lateral and vertical distribution of gold mineralization across selected shears and adjacent host-rock, as well as other targets.

The company has submitted two permit applications for exploration core drilling, which is expected to begin in January 2012.

The goal at the Yura gold project is to define a disseminated gold occurrence amenable to open pit, heap leach extraction.

The Yura gold project is a joint venture between Zoro and Yura Ventures, and Zoro has the right to earn an initial 50% interest by funding $5m in exploration expenses by April 2014.

The company can also buy an additional 25% equity interest in the project for a minimum of $30m.