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OROGEN GOLD BEGINS SECOND PHASE OF APPRAISAL DRILLING IN ARMENIA
London South East, UK
Oct 23 2013
Wed, 23rd Oct 2013 14:59
LONDON (Alliance News) - Orogen Gold PLC Wednesday said it has began
the second phase of its appraisal drilling at the Mutsk gold project
in Armenia.
On October 11, the gold mining company said it has raised GBP650,000
through a placing of around 216.7 million shares to accelerate drill
testing at the project.
Orogen said the drilling programme will target a first resource
estimate by the end of 2014 and that a drill rig has been mobilised
to test the mineralised ore further before the onset of winter.
The company said it expects that this stage of drilling will be a
relatively short campaign, with the bulk of second phase drilling
programme to be completed during 2014, and that results from the
programme will be announced as soon as they are received.
Orogen shares were up 1.5% to 0.335 pence Wednesday.
By Tom McIvor
http://www.lse.co.uk/AllNews.asp?code=sobzzcwk&headline=Orogen_Gold_Beg ins_Second_Phase_Of_Appraisal_Drilling_In_Armenia
London South East, UK
Oct 23 2013
Wed, 23rd Oct 2013 14:59
LONDON (Alliance News) - Orogen Gold PLC Wednesday said it has began
the second phase of its appraisal drilling at the Mutsk gold project
in Armenia.
On October 11, the gold mining company said it has raised GBP650,000
through a placing of around 216.7 million shares to accelerate drill
testing at the project.
Orogen said the drilling programme will target a first resource
estimate by the end of 2014 and that a drill rig has been mobilised
to test the mineralised ore further before the onset of winter.
The company said it expects that this stage of drilling will be a
relatively short campaign, with the bulk of second phase drilling
programme to be completed during 2014, and that results from the
programme will be announced as soon as they are received.
Orogen shares were up 1.5% to 0.335 pence Wednesday.
By Tom McIvor
http://www.lse.co.uk/AllNews.asp?code=sobzzcwk&headline=Orogen_Gold_Beg ins_Second_Phase_Of_Appraisal_Drilling_In_Armenia