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Orogen Gold Plc
Summary
| Project: | Mutsk | |
|---|---|---|
| Deposit: | Mutsk | |
| Location: | Armenia | |
| Commodities: | Gold | |
| Date: | 11/8/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-11-2016: Orogen Gold Plc announces an Exploration/Drilling Update report for its Mutsk deposit at the Mutsk project. Drilling results incl. 14.2m @ 0.83g/t Au from 54.3m. Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, announces tha | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ed Slowey (Internal) | |
| ABSTRACT: | Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, announces that the first hole of its step-out drilling programme at the Mutsk gold project in southern Armenia has intercepted gold mineralisation 160m south of previous drilling. Orogen has completed the drilling of two of the three step-out diamond drill holes planned to assess the potential strike extent of the Mutsk gold deposit. Assay results have been received for the first of these holes, OG16-57, which was drilled at a 50-degree angle towards the east. Intervals of interest are detailed in the table below. The gold intercepts are associated with sections of pale hydrothermal alteration and pyrite mineralisation, similar to those hosting gold elsewhere in the deposit. The hole was sited about 160m beyond the most southerly gold intercept reported previously on 6 September in hole OG16-54. The total strike length of the deposit revealed by drilling now extends to 800m, with the deposit still open to the north and further to the south. There is also scope for additional extensions to the east and to depth. The new drilling supports Orogen's belief that Mutsk represents a substantial gold discovery with potential for significant expansion and the Company looks forward to providing further information on completion of the drilling programme and receipt of remaining assays. For maps of the Mutsk property please refer to the Mutsk project page on the Orogen website at www.orogengold.com | |
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