ORE Orogen

TIDMORE

RNS Number : 5603I

Orogen Gold PLC

04 July 2013

4 July 2013

Orogen Gold

("Orogen" or the "Company")

Drill Programme at Deli Jovan re-prioritised after trenching cuts of 3.5m @ 61.42 g/t Au,

including 2m @ 107 g/t Au

Orogen Gold (AIM:ORE), the AIM quoted mineral exploration company with its flagship project in the historic gold mining district of Deli Jovan in Serbia, provides an update on its Deli Jovan project and on its Mutsk project in Armenia.

Highlights:

-- Drill programme at Gindusa West re-prioritised following excellent results from on-going trenching programme

-- Channel sample intercepts at Gindusa West up to 3.5m grading 61.42 g/t Au, including a 2m zone assaying 107 g/t Au

   --    300m strike extent confirmed on gold mineralised structure located by trenching late 2012 

-- 500m confirmatory drilling programme under way at Mutsk, Armenia, with the first two holes completed; samples soon to be dispatched to lab for assay

Ed Slowey, Chief Executive of Orogen, commented: "We are delighted with the progress across both of our projects. The very strong trenching results from Gindusa West lead us to re-prioritise drilling at this location. Further trench results are expected in the coming weeks at which time we plan to commence drill testing of targets defined by this programme.

"We look forward to reporting back on work at Deli Jovan and providing further updates from Mutsk in the near future."

Deli Jovan, Serbia

Assay results received to date, as well as observations of iron-mineralised shearing from mapping in the trenches, continue to provide substantial encouragement regarding continuity and gold grade of some of the shallow mineralised structures discovered at Gindusa West.

Highlights based on channel sample assaying are a 3.5m intercept grading 61.42 g/t Au including a 2m zone assaying 107 g/t Au in trench T6, on a separate structure to the north of the TAG-2 intercept reported on 5 December 2012 (3m @ 29.6g/t Au). A further 350m to the northwest, trench T8 intersected a mineralised shear zone assaying 5.75g/t Au over 2.0m, including 1m @ 8.88 g/t Au. No direct continuity has yet been confirmed between these two zones.

Work has continued to progress on site, focussed to date on following-up the strong gold intercept located during reconnaissance trenching at Gindusa West late in 2012. Thirteen trenches and trench extensions have been completed in 2013 totalling more than 1,200m. Channel sampling for gold assays was carried out along all trenches, with partial results received so far and further results expected in the coming weeks.

The mineralised shear zone intersected last year in trench TAG-2 has now been mapped in six trenches, covering a strike extent of at least 300m in an east-west direction and appears to be open to the west. True width of the mapped zone ranges from 2.0-5.5m. As usual for quartz vein systems, gold grades vary considerably along the zone, with new intercepts including 7.0m (approximately 5m true width) @ 3.53g/t Au, including 1m @ 13.95 g/t Au, and a further intercept of 1m @ 4.9 g/t Au. Assays are awaited for samples from several additional trenches through the zone. The continuity and width of this zone is particularly encouraging as previously mapped vein structures at Deli Jovan tend to be narrower and of shorter strike extent. In view of the success achieved to date at Gindusa West, the trenching programme was extended to include a number of infill trenches for which assay results are now awaited. Once all assay results have been received, the potential of the Gindusa West zone will be more fully assessed and a programme of shallow drilling will be initiated to test the vertical continuity and grade distribution of the various mineralised structures identified. Drilling is planned to commence as soon as final trench assay data is received and assessed.

Mutsk Project, Armenia

The evaluation programme on the Mutsk epithermal gold property in southern Armenia is continuing on schedule. Mapping indicates the presence of a 2-3km long structural zone oriented north-south, exhibiting hydrothermal alteration and gold-bearing pyrite mineralisation over much of its length. A 500m confirmatory drilling programme is under way and the first two holes have been completed. Samples from these holes will shortly be despatched for assay.

-ENDS-

Approval

Ed Slowey, CEO of Orogen, is a Competent Person as defined by various international instruments and takes responsibility for the release of this information.

Enquiries:

 
 Orogen Gold Plc                                        +353 1662 8395 
 Ed Slowey, CEO 
 Alan Mooney, FD 
 
 WH Ireland Limited (Nominated Adviser and 
  Broker)                                         +44 (0) 20 7220 1666 
 Tim Feather 
 James Bavister 
 
 Walbrook (Public Relations and Investor 
  Relations)                                       +44 (0) 20 933 8780 
 Bob Huxford/ Guy McDougall (Public Relations) 
 Paul Cornelius (Investor Relations) 
 

About Orogen Gold

Orogen Gold plc is a UK public company quoted on the London Stock Exchange AIM market (ticker: ORE). The Company's activities are focused on mineral exploration and development in Europe. The Deli Jovan gold exploration district in Serbia is the Company's main operational project. The historic high-grade gold mining camp was last in production prior to World War II and has been significantly under-explored in modern times. The Mutsk project in Armenia, located 30km from Lydian International's Amulsar gold deposit (2.4 million ounces Measured and Indicated Resources), has recently been optioned by Orogen which is undertaking a due diligence study to confirm a new epithermal gold discovery reported from shallow drilling on the property.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFVRDTIVIIV

Orogen Gold (LSE:ORE)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Orogen Gold (LSE:ORE)
Historical Stock Chart
Von Jul 2023 bis Jul 2024