8 Sep 2014 10:44
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Don't have an account? Click here to register.Orogen Gold rises on fresh gold discovery
Wed, 05th Dec 2012 10:10
Shares at AIM-listed mining company Orogen Gold rose almost five per cent to 0.65p on Wednesday morning following an announcement that the company had discovered new gold in Serbia.The company, which focuses on gold exploration and development in Eastern Europe, published details of gold assay data from its recently completed exploration drilling and trenching programme at Deli Jovan in Serbia.The findings revealed a new zone of gold mineralisation in a trench at Gindusa West prospect, cutting eight metres averaging 12.3g per tonne (g/t) gold including a three metre zone averaging almost 1.0 oz of gold (29.6g/t). Ed Slowey, Chief Executive Officer at Orogen, said: "We are strongly encouraged by the exploration results from the Gindusa West area, where our initial work programme has discovered several new 'blind' gold-bearing quartz veins which are not apparent at surface.""We are particularly excited by the new discovery in the west of the prospect where a shallow, high grade gold shear/vein zone was cut in an exploration trench testing a gold-in-soil anomaly. This lode was not previously found by the old miners and opens up the potential for a completely new vein system. Our first drilling and trenching at the prospect shows that there are important new discoveries to be made here."The continuation of the drilling programme at Deli Jovan comprised 15 holes at several targets along the Deli Jovan Shear Belt, including completion of three infill drill holes at the Gindusa mine area, where results from the first fifteen holes of the programme were previously reported.Four holes were drilled at Gindusa West, 1.5km northwest of the Gindusa mine, with additional holes testing the Rusman zone and a number of outlying targets. In addition, a trenching programme was completed to test soil anomalies in the Gindusa and Gindusa West areas, with a view to identifying further targets for drill testing in 2013. MF
More News
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 more3 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
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 more3 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.
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FTSE 100 - WINNERS
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Wolseley, up 2.7%. The plumbing and heating products distributor is one of ju
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 more23 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 more23 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
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.
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FTSE 100 - WINNERS
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Associated British Foods, up 8.9%. The food, ingredients and retail group r
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 more7 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 more3 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