Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOrogen Gold Share News (ORE)

  • There is currently no data for ORE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Orogen Gold Mobilises Drill Rig To Mutsk Gold Project In Armenia

Mon, 07th Jul 2014 08:17

LONDON (Alliance News) - Orogen Gold PLC Monday said it has mobilised a rig to start drilling a 3,000 metre programme at its Mutsk gold project in Armenia.

The AIM-quoted gold exploration company said the drilling will target extensions of previous gold intercepts and several large newly discovered geophysical anomalies.

"Following on from our encouraging diamond drilling campaign in 2013 and recent geophysics programme which has generated several strong new targets within the permit area, we are pleased to announce the mobilisation of a rig to commence the 2014 follow-on drilling programme at Mutsk," Chief Executive Ed Slowey said in a statement.

The news comes after the company announced in June that geophysical surveys carried out on the Mutsk project extended a target zone and showed strongest anomalies in its undrilled northern sector on the site.

Orogen extended its target zone to almost 2.5 kilometres in length and said it was now planning to test the northern target, and to test extensions of gold mineralisation encountered further south in earlier drill phases.

The Mutsk project is in southern Armenia at high elevation of roughly 2,000 metres. Orogen Gold has an exclusive agreement with Georaid CJSC that allows Orogen Gold to earn an 80% interest in the property by spending a total of USD2.5 million by the end of August 2016.

Orogen Gold shares were up 12% to 0.184 pence on Monday.

By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1

Copyright 2014 Alliance News Limited. All Rights Reserved.

More News
8 Sep 2014 10:44

UK WINNERS & LOSERS: Low Sugar Prices Leave A Sour Taste For AB Foods

Read more
8 Sep 2014 10:28

Orogen Gold strikes it lucky in Armenia

Shares in precious metal explorer Orogen Gold sparkled by a quarter after it made a "substantial" find in southern Armenia. The stock jumped 0.03p or 24% to 0.16p at 10:36 in London after Orogen reported the discovery of wide zones of gold mineralisation at its Mutsk gold project and said it was

Read more
8 Sep 2014 08:48

Orogen Gold Confirms Discovery Of Wide Zones Of Gold Mineralisation

Read more
1 Jul 2014 07:53

Orogen Gold In Drilling-For-Equity Agreement With DEM Geosciences

Read more
3 Jun 2014 11:41

UK MIDDAY BRIEFING: Wolseley's US Growth Offsets Currency Hit

LONDON (Alliance News) - Wolseley is the biggest gainer on the FTSE 100 Tuesday after the plumbing and heating products distributor reported higher trading profit for its fiscal third quarter, driven by strong growth in the US and Nordic countries.

However, adverse

Read more
3 Jun 2014 11:01

Orogen Gold extends target zone after geophys survey

Armenia-focused explorer Orogen Gold hailed results from its latest geophysical survey that extended an existing gold-bearing zone. A detailed geophysical programme has been completed across the 2.5 square kilometre core target area of the Mutsk project in Armenia, with directors inferring from res

Read more
3 Jun 2014 10:30

UK WINNERS & LOSERS: Wolseley Stands Out From Negative FTSE 100

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
-------
FTSE 100 - WINNERS
-------
Wolseley, up 2.7%. The plumbing and heating products distributor is one of ju

Read more
3 Jun 2014 07:50

Orogen Gold Extends Target Zone, Develops New Target At Mutsk

LONDON (Alliance News) - Orogen Gold PLC Tuesday said geophysical surveys carried out on its Mutsk gold project in Armenia have extended a target zone and show strongest anomalies in its undrilled northern sector on the site. The exploration and development mining company said a detailed ge

Read more
23 Apr 2014 15:21

Orogen Gold writes off 3.7m pounds on Serbian gold scheme

Orogen Gold wrote off 3.7m pounds on a project in Serbia and said challenging markets for junior gold explorers were set to continue in 2014. Orogen, which has the Mutsk gold project in Armenia and 55% of the Deli Jovan scheme in Serbia, made a £4.2m loss in 2013 against a £651,000 loss the year be

Read more
23 Apr 2014 11:40

UK MIDDAY BRIEFING: Associated British Foods Soars On Profit Boost

LONDON (Alliance News) - Associated British Foods said Wednesday profit for the first half of the year increased, driven primarily by sales at its low-cost fashion retail chain Primark, which more than offset a substantial hit to its sugar business.

The food, ingred

Read more
23 Apr 2014 10:41

UK WINNERS & LOSERS: Iofina Share Price Halved By Production Outlook

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
-------
FTSE 100 - WINNERS
-------
Associated British Foods, up 8.9%. The food, ingredients and retail group r

Read more
23 Apr 2014 09:22

Orogen Full-Year Pretax Loss Widens On Impairment

LONDON (Alliance News) - Orogen Gold PLC said Wednesday its pretax loss for the full-year widened after it was hit by an impairment charge on the value of its Deli Jovan asset. Orogen reported a GBP4.18 million pretax loss for the year, up from a GBP651,000 loss last year, including a GBP3.

Read more
7 Apr 2014 10:03

Orogen To Commence Geophysical Surveys At Mutsk Gold Project

LONDON (Alliance News) - Orogen Gold PLC Monday said it will commence geophysical surveys at its Mutsk gold project in southern Armenia during April, which will seek to identify hidden mineralisation and extensions to recently discovered shallow gold zones. The AIM-quoted gold exploration c

Read more
3 Mar 2014 12:22

Orogen Gold Discovers New Shallow Gold Zone At Mutsk In Armenia

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 dis

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.