Initial results from 2015 drilling show enhanced gold grades and identifies new gold zones
Orogen Gold plc (AIM: ORE), the AIM quoted gold exploration company, provides the following update on the Company's recent diamond drilling programme at the Mutsk gold project in southern Armenia.
· Preliminary interpretation suggests potential for new gold zones and extensions to existing gold zone · Shallow gold-bearing intervals intersected in two holes with enhanced gold grades · Hole OG15-46 intersects two main intervals, including a highly satisfactory result of 21.0m @ 2.68g/t Au · Hole OG15-47 intersects 22.4m @ 1.08g/t Au, including 6.2m @ 2.17g/t Au · Assays awaited for remaining two holes of programme
Colin Bird, Chief Executive of Orogen, commented: "I'm very pleased with the result for this end of season test programme. During the review the Orogen team concluded that the Mutsk Project had significant scope for growth, both in terms of tonnage and contained gold. Given the limited seasonal time available when we embarked upon this programme we are delighted with this interim result, which shows above average gold grades and has identified new zones. We eagerly await the results of the remaining holes and we will update shareholders as soon as we receive and analyse them."
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