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Drilling commences at Mutsk, Armenia

23rd Oct 2013 14:16

RNS Number : 2309R
Orogen Gold PLC
23 October 2013
 



23 October 2013

 

Orogen Gold

("Orogen" or the "Company")

 

Drilling commences at Mutsk, Armenia

 

Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, announces the commencement of the second phase of drilling at the Mutsk gold project, Armenia ("Mutsk" or the "Project").

This development has been facilitated by the placing of £650,000 (before costs) announced on 3 October 2013, which was undertaken to provide additional working capital to accelerate the Company's exploration programme on the Project.

The second phase drilling programme at Mutsk will target a maiden resource by the end of 2014. A drill rig has been mobilised to test the mineralised corridor further before the onset of winter. The Company expects that this stage of drilling will be a relatively short campaign, with the bulk of second phase drilling programme to be completed during 2014.

Results from the programme will be announced as soon as they are received and assessed.

-ENDS-

 

Enquiries:

 

Orogen Gold Plc

+353 1662 8395

Ed Slowey, CEO

Alan Mooney, FD

WH Ireland Limited (Nominated Adviser and Joint Broker)

+44 (0) 20 7220 1666

Tim Feather

James Bavister

XCAP Securities plc (Joint Broker)

Jon Belliss

 

Walbrook (Public Relations and Investor Relations)

Bob Huxford/ Guy McDougall (Public Relations)

Paul Cornelius (Investor Relations)

+44 (0) 207 101 7070

 

 

+44 (0) 20 933 8780

 

 

About Orogen Gold

Orogen Gold plc is a UK public company quoted on the London Stock Exchange AIM market (ticker: ORE). The Company's activities are focused on mineral exploration and development in Europe. The Mutsk gold project in Armenia was optioned by Orogen early in 2013 to follow-up reports of a new epithermal discovery within an established gold district. Initial drilling by the Company recorded significantly higher gold grades and widths than reported previously. The Company is also actively exploring the Deli Jovan district in Serbia where a historic high-grade gold mining camp was last in production prior to World War II and has been significantly under-explored in modern times.

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