LONDON (Alliance News) - Orogen Gold PLC Monday said further drill assay results from the Mutsk gold project in Armenia has extended the gold discovery area at the site.
The company said assaying of the latest drill results at the site show a continuation of the wide gold zone 300 metres to the north of the project.
It said the mineralised zone at Mutsk remains open along the strike and down dip, and said drilling will continue to extend and infill along the mineralised trend.
"We are pleased to report that assaying has confirmed the extension of the Mutsk gold zone to the north, with widths and gold values similar to those discovered in drilling about 300m further south," said Orogen Chief Executive Ed Slowey.
"Mineralisation remains open along strike to the north and south from this hole as well as down dip to the west. We will continue drilling over the coming weeks to both infill between the existing holes and with a view to extending the mineralised zone further," Slowey added.
Orogen shares were down 2.5% to 0.117 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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