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Orogen Gold Plc
Summary
| Project: | Mutsk | |
|---|---|---|
| Deposit: | Mutsk | |
| Location: | Armenia | |
| Commodities: | Gold | |
| Date: | 8/8/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-8-2016: Orogen Gold Plc announces an Exploration/Drilling Update report for its Mutsk deposit at the Mutsk project. JV with Georaid CJSC - drilling results incl. 13.0m @ 1.13g/t Au from 8.0m. Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration c | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ed Slowey (Internal) | |
| ABSTRACT: | Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, provides the following interim update on the Company's 2016 diamond drilling programme at the Mutsk gold project in southern Armenia. Diamond drilling at the Mutsk gold property recommenced in early July with the aim of extending the footprint of the gold deposit and achieving the 80% project earn-in target by end August 2016. The programme is now about 50% complete and assay results have been received so far for the first three holes of the programme which were drilled to the south and southeast of the previously defined mineralisation. OG16-50 and OG16-52 were drilled southeast of the main gold zone and were angled towards the east to test an area previously interpreted to be in the barren footwall of a north-south fault structure. These holes confirm that multiple intervals of hydrothermal alteration and associated gold mineralisation within the andesite host rocks continue further in this direction and the zone has not yet been closed off. In both of these holes mineralised intervals occurred over a total downhole width of 125-130m. Individual intercepts, as detailed in the table below, include 13.0m @ 1.13g/t Au from 8.0m to 13.0m depth in OG16-50, 11.0m @ 1.00g/t Au from 138.0m to 149.0m and 11.8m @ 1.06g/t Au from 164.2m to 176.0m depth in OG16-52. Shorter sections of somewhat higher grades were encountered within these intervals. Hole OG16-52 remains to be completed once a mechanical breakdown of the drill rig is rectified. Gold traces continue to be encountered to the current base of hole at 183m depth. | |
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