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Commencement of Drilling

22nd May 2012 07:00

RNS Number : 7926D
Orogen Gold PLC
22 May 2012
 



Orogen Gold Plc

('Orogen' or 'The Company')

 

Commencement of Drilling

 

 

Orogen Gold Plc (AIM:ORE), the AIM listed mineral exploration company focussed on Gold exploration and development in Europe announces that, further to the AGM statement of 9 May 2012, where Orogen announced it had signed a drilling contract, the Phase 1 drilling programme at its Deli Jovan project in eastern Serbia has commenced.

 

The Phase 1 diamond drilling programme, totalling 7,500m, will be carried out to confirm further lateral and depth continuity on the mineralised structures discovered at Deli Jovan; the programme is expected to last six months. The initial focus will be at the previously undrilled Gindusa mine prospect, where the most promising results were returned from the underground mapping and sampling programme, which included the identification of four gold- bearing mineralised structures in an 80m wide shear corridor.

 

In addition, a trenching programme is now in progress to test the sources of shallow gold soil anomalies discovered in 2011. This may lead to the identification of further targets for drill testing later in 2012.

 

Chief Executive of Orogen Gold Plc, Ed Slowey, commented:

 

"We are delighted to be underway with the drilling programme, which has occurred on schedule, and look forward to updating shareholders with developments in due course."

 

 

 

Orogen Gold Plc

Ed Slowey, CEO

Alan Mooney, FD

 

+353 1662 8395

 

 

Zeus Capital Limited

Nominated Adviser and Joint Broker

Ross Andrews/Tom Rowley

 

 

+44 (0)161 831 1512

XCAP Securities Plc

Joint Broker

Jon Belliss

 

 

 

+44 (0) 207 101 7070

Newgate Threadneedle

Financial PR

Guy McDougall/Josh Royston/ Terry Garrett

 

 

 

+44 (0) 207 653 9850

 

 

 

Notes to Editors

 

The Deli Jovan gold project is in eastern Serbia, the site comprising two shallow underground gold mines at Rusman and Gindusa, about 6 kilometres apart along a major shear zone. Production at the mines was halted in the 1930s due to the impending Second World War, and was never restarted. The mines lay untouched for over 70 years until Orogen Gold reassessed, dewatered and restarted exploration at Deli Jovan in 2011.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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