LONDON (Alliance News) - Orogen Gold PLC on Wednesday said the gold zone at the Mutsk project in southern Armenia has been further extended by the final drilling work on the site.
Orogen said the final drilling results for the project have extended the gold zone at the project to the north. The 2016 programme overall has increased the deposit length to 1.3 kilometres, Orogen said.
The company will develop a further programme in 2017 to explore for further extensions of the gold zone and to move towards delineating the resource for the project.
"The ambitious final 2016 step-out drilling programme at Mutsk produced excellent results by significantly extending the gold deposit footprint. During the winter we will update the project model to gain an enhanced three dimensional understanding of the nature of the deposit with a view to further resource extension and definition to JORC standard," said Colin Bird, Orogen's chief executive.
Shares in Orogen were down 5.6% at 0.017 pence on Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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