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Orogen Gold Plc
Summary
| Project: | Mutsk | |
|---|---|---|
| Deposit: | Mutsk | |
| Location: | Armenia | |
| Commodities: | Gold | |
| Date: | 12/14/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-12-2016: Orogen Gold Plc announces an Exploration/Drilling Update report for its Mutsk deposit at the Mutsk project. Drilling results incl. 4.5m @ 0.35g/t Au from 25.5m. Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, reports on th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ed Slowey (Internal) | |
| ABSTRACT: | Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, reports on the final drill results for 2016 at the Mutsk gold project in southern Armenia, having finished the final stages step-out drilling programme as announced on 29 November 2016. Colin Bird, Chief Executive of Orogen, commented: "The ambitious final 2016 step-out drilling programme at Mutsk produced excellent results by significantly extending the gold deposit footprint. During the winter we will update the project model to gain an enhanced three dimensional understanding of the nature of the deposit with a view to further resource extension and definition to JORC standard. This process helps to de-risk future drill targeting and is very cost effective. Overall, work during the current year has substantially enhanced our prospects for the Mutsk gold project." Orogen has now received all assay results for the 2016 step-out diamond drilling programme at the Mutsk gold deposit. The final two angled step-out holes were drilled 200m and 400m respectively to the north of the previously defined North Gold Zone to look for extensions to this zone. The 200m step-out hole, OG16-59, cut several intervals of hydrothermal alteration, one of which was gold-bearing, assaying 0.35g/t Au over 4.5m from 25.5-30.0m depth. This shallow zone was heavily weathered with some core loss and gold may have been washed out during the drilling process. The final hole, OG16-60 further to the north, did not locate any significant gold values. | |
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