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Ortac Resources Ltd.
Summary
| Project: | Misisi | |
|---|---|---|
| Deposit: | Akyanga | |
| Location: | Democratic Republic Of The Congo | |
| Commodities: | Gold | |
| Date: | 1/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2018: Ortac Resources Ltd. announces an Exploration/Drilling Update report for its Akyanga deposit at the Misisi project. Drilling results incl. 7.56m @ 4.97 g/t Au from 259.14m. Ortac is pleased to announce further encouraging gold assay results fro | |
| Resources: | (Resource, Inf.): 1.57Moz @ 1.65g/t Au at Akyanga | |
| CP/QP: | [Overall Report]: Thomas Rogers,Vassilios Carellas (African Mining Consultants;Internal) | |
| ABSTRACT: | Ortac is pleased to announce further encouraging gold assay results from its Akyanga deposit. The current infill and expansion drill program continues to confirm the structural and geological interpretation of the deposit, with over 3,500m drilled to date. Following a detailed review of the results to date it has been decided to deploy a third diamond drill rig which should result in a 30% increase in the amount of meters drilled per month, thereby reducing the all-in cost for every metre drilled. Ortac would also like to confirm that following the announcement made on 12 January 2018, trading of the Company's shares under the name Arc Minerals Ltd ("Arc Minerals") is expected to commence at 8.00 a.m. on 22 January 2018. | |
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