30th Jul 2014 07:00
30 July 2014
Ortac Resources Ltd
("Ortac" or "Company")
ANDIAMO TRENCHING UPDATE
Ortac Resources Ltd, the AIM listed exploration and development company, is pleased to announce that its exploration partner Andiamo Exploration Ltd ("Andiamo") has completed its surface trenching programme at the Yacob Dewar deposit in Eritrea.
The trenching programme was carried out along the entire 1.5km strike length of the known gold and copper mineralisation at Yacob Dewar and was designed to link the existing drill holes with the surface mineralisation and give greater confidence in the resource modelling work that is currently being undertaken. Thirty trenches totalling 2,362 metres in length were excavated to depths of between 2 and 6 metres. A total of 1,626 samples were collected from the base of the trenches and have been sent to the Intertek Genalysis laboratory in Perth, Australia for chemical analysis.
Vassilios Carellas, Ortac CEO, said:
"We look forward to receiving the assay results from the Yacob Dewar trenching programme in due course. The results will hopefully further confirm what we have seen in the recent excellent drilling results and enable us to model the deposit with much greater confidence and produce a maiden JORC compliant resource estimate for the deposit".
ENDS
Ortac Resources Ltd Vassilios Carellas (CEO) | +44 (0) 20 7389 9050 |
Cantor Fitzgerald Europe (Nominated Adviser & Broker) Stewart Dickson/ Carrie Lun / Jeremy Stephenson | +44 (0) 20 7894 7000 |
SP Angel (Broker) Ewan Leggat | +44 (0) 20 3463 2260 |
Blytheweigh (Investor Relations) Tim Blythe / Halimah Hussain / Camilla Horsfall | +44 (0) 20 7138 3204 |
Yellow Jersey (Media Relations) Dominic Barretto | +44 (0)7768 537 739 |
The technical information in this press release was compiled and prepared by Mr Owen Mihalop (MCSM, BSc (Hons), MSc, MIMMM, CEng), Technical Director, Ortac Resources Limited. By virtue of his education, membership of a recognised professional association and relevant work experience, Mr Mihalop is a Competent Person as defined by the JORC Code (2012). Mr Mihalop consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.
For additional information please visit - www.ortacresources.com
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