For thousands of other reports visit RSC's Mineral Intellingence Map
Orogen Gold Plc
Summary
| Project: | Mutsk | |
|---|---|---|
| Deposit: | Mutsk | |
| Location: | Armenia | |
| Commodities: | Gold | |
| Date: | 9/6/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-9-2016: Orogen Gold Plc announces an Exploration/Drilling Update report for its Mutsk deposit at the Mutsk project. Drilling results incl. 8.9m @ 1.14g/t Au from 44.1m. Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, provides the fo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ed Slowey (Internal) | |
| ABSTRACT: | Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, provides the following positive news on its recent diamond drilling programme at the Mutsk gold project in southern Armenia. Diamond drilling at the Mutsk gold property recommenced in early July 2016 with the twin aim of extending the footprint of the gold deposit and achieving the 80% project earn-in target by end August 2016. The programme has been completed for now, with the drilling of a total of 1,015 metres in seven holes directed towards the east. As announced on 31 August 2016 the earn-in target was achieved on schedule. The holes were focussed to the east and south of the main gold zone at Mutsk. Six of the seven holes completed cut sections of hydrothermal alteration with associated gold-bearing intervals. This limited programme exceeded expectations by approximately doubling the overall footprint of the gold mineralisation to an area of 600m north to south by 200m east to west. The main gold zone remains open further to the east and south. In addition the northern gold zone has not yet been fully delineated. Several of the holes hit multiple gold intervals over total downhole widths of up to 130m. The main assay intervals of interest are summarised in the table below. Results for the first three holes in the programme, OG16-50 to OG16-52 were reported in an earlier RNS release dated 08 August 2016. Among the more interesting intercepts from the later holes are [email protected]/t Au from 44.1m depth in OG16-54 and [email protected]/t Au from 67.2m depth in OG16-53. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report