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Site Visit

22nd Nov 2012 07:00

RNS Number : 6972R
Ortac Resources Limited
22 November 2012
 



Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration

22 November 2012

Ortac Resources Limited ('Ortac' or 'the Company')

Site Visit

 

Ortac Resources Ltd, the AIM listed exploration and development company focussed on natural resource projects in Europe, announces that it will be hosting a site visit to its Šturec deposit ('Šturec') in Central Slovakia for analysts and journalists today.

 

The visit will include a presentation by the Board of Directors and senior management team and a tour of the Šturec deposit. Šturec, which is an advanced precious metals project, has a JORC resource of 1.32 million ounces of gold equivalent. A Scoping Study was completed on Šturec in January 2012 which identified a post tax Net Present Value of US$153million with a cash cost of up to US$500 per ounce. The Pre-Feasibility Study at Šturec is currently underway and is scheduled for completion in Q1 2013.

 

No new trading or financial information will be disclosed during the visit.

 

The presentation will be available on the Company's website: www.ortacresources.com.

 

**ENDS**

 

For further information please visit www.ortacresources.com or contact:

Vassilios Carellas

Ortac Resources Ltd

Tel: +44 (0) 20 7389 9050

Charles Wood

Ortac Resources Ltd

Tel: +44 (0) 20 7389 9050

Stewart Dickson

Seymour Pierce Limited

Tel: +44 (0) 20 7107 8000

Catherine Leftley

Seymour Pierce Limited

Tel: +44 (0) 20 7107 8000

Jacqui Briscoe

Seymour Pierce Limited

Tel: +44 (0) 20 7107 8000

Susie Geliher

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Lottie Brocklehurst

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

 

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