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OROGEN GOLD DISCOVERS NEW SHALLOW GOLD ZONE AT MUTSK IN ARMENIA
London South East
March 3 2014
Mon, 3rd Mar 2014 12:22
By Tom McIvor
LONDON (Alliance News) - Orogen Gold PLC Monday said drilling has
discovered a wide gold zone at the Mutsk site in Armenia and the
company is planning further drilling in spring.
The gold mining company, with operations in the Eastern Europe, said
first step out drilling at the site has discovered a shallow depth
wide gold zone of 59.5 metres at 0.42 grams per tonne of gold and a
42 metre space at 0.78 grams per tonne of gold.
The company said the discovery has opened the potential for larger
gold deposits at Mutsk as the limits of the high grade zones at the
site are currently undefined.
Orogen Gold said that it has identified several gold and multi-element
soil anomalies, and it is planning geophysics and further drilling
at during the Spring months of 2014.
The company also signed a comprehensive joint venture agreement
with its Armenian partner Georaid CJSC, covering the Mutsk property,
which details terms for all work on the property, up to and including
Feasibility Study, if warranted.
Orogen Gold shares were down 1.2% to 0.257 pence Monday.
http://www.lse.co.uk/AllNews.asp?code=iuir6l4n&headline=Orogen_Gold_Dis covers_New_Shallow_Gold_Zone_At_Mutsk_In_Armenia
London South East
March 3 2014
Mon, 3rd Mar 2014 12:22
By Tom McIvor
LONDON (Alliance News) - Orogen Gold PLC Monday said drilling has
discovered a wide gold zone at the Mutsk site in Armenia and the
company is planning further drilling in spring.
The gold mining company, with operations in the Eastern Europe, said
first step out drilling at the site has discovered a shallow depth
wide gold zone of 59.5 metres at 0.42 grams per tonne of gold and a
42 metre space at 0.78 grams per tonne of gold.
The company said the discovery has opened the potential for larger
gold deposits at Mutsk as the limits of the high grade zones at the
site are currently undefined.
Orogen Gold said that it has identified several gold and multi-element
soil anomalies, and it is planning geophysics and further drilling
at during the Spring months of 2014.
The company also signed a comprehensive joint venture agreement
with its Armenian partner Georaid CJSC, covering the Mutsk property,
which details terms for all work on the property, up to and including
Feasibility Study, if warranted.
Orogen Gold shares were down 1.2% to 0.257 pence Monday.
http://www.lse.co.uk/AllNews.asp?code=iuir6l4n&headline=Orogen_Gold_Dis covers_New_Shallow_Gold_Zone_At_Mutsk_In_Armenia