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OROGEN CONFIRMS NEW GOLD DISCOVERY AT MUTSK, ARMENIA
http://armenpress.am/eng/news/731118/orogen-confirms-new-gold-discovery-at-mutsk-armenia.html
15:34, 30 August, 2013
YEREVAN, AUGUST 30, ARMENPRESS: Orogen Gold has confirmed a new gold
discovery at Mutsk, Armenia, following assay results that revealed
substantially higher gold grades than previously reported, reports
Armenpress referring to StockMarketWire.com.
"These results confirm Mutsk as an exciting new gold discovery at
shallow depths within an established epithermal district," said CEO
Ed Slowey in a statement.
"Assays from the Orogen confirmatory holes at Mutsk, as well as
re-assays of the previous holes have exceeded our expectations for
the project. While further work is needed to fully understand the
controls on mineralisation, we are particularly encouraged by the
high grades and widths encountered in several of the holes and the
apparently large strike extent of the system," he added.
The assay results highlights included:
- Assay intervals include 11.0m @ 5.56g/t Au and 10.2m @ 5.73g/t Au -
Mineralised zone confirmed by drilling over almost 1km of strike, with
possible extension to 2km+ - Orogen moves into Phase 2 of programme to
earn an 80% interest in the property "We have informed our Armenian
partners that we will now proceed to Phase 2 of our programme under
which Orogen has an option to earn an 80% interest in the Mutsk project
by spending a total of US$2.5 million by end August 2016," Slowey said.
From: Emil Lazarian | Ararat NewsPress
http://armenpress.am/eng/news/731118/orogen-confirms-new-gold-discovery-at-mutsk-armenia.html
15:34, 30 August, 2013
YEREVAN, AUGUST 30, ARMENPRESS: Orogen Gold has confirmed a new gold
discovery at Mutsk, Armenia, following assay results that revealed
substantially higher gold grades than previously reported, reports
Armenpress referring to StockMarketWire.com.
"These results confirm Mutsk as an exciting new gold discovery at
shallow depths within an established epithermal district," said CEO
Ed Slowey in a statement.
"Assays from the Orogen confirmatory holes at Mutsk, as well as
re-assays of the previous holes have exceeded our expectations for
the project. While further work is needed to fully understand the
controls on mineralisation, we are particularly encouraged by the
high grades and widths encountered in several of the holes and the
apparently large strike extent of the system," he added.
The assay results highlights included:
- Assay intervals include 11.0m @ 5.56g/t Au and 10.2m @ 5.73g/t Au -
Mineralised zone confirmed by drilling over almost 1km of strike, with
possible extension to 2km+ - Orogen moves into Phase 2 of programme to
earn an 80% interest in the property "We have informed our Armenian
partners that we will now proceed to Phase 2 of our programme under
which Orogen has an option to earn an 80% interest in the Mutsk project
by spending a total of US$2.5 million by end August 2016," Slowey said.
From: Emil Lazarian | Ararat NewsPress