23rd Oct 2013 14:16
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 | |
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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.
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