Orogen Gold PLC Trenching at Gindusa West - very high gold grades (5603I)
04 Juli 2013 - 8:00AM
UK Regulatory
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
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