6 Nov 2013 10:12
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Don't have an account? Click here to register.Orogen Gold unveils next phase of drilling programmes
Wed, 27th Feb 2013 09:12
Orogen Gold, the AIM-listed mineral exploration company focused on the historic gold mining district of Deli Jovan in Serbia, has outlined the next phase of its trenching and drilling programmes for 2013.At its new discovery in Gindusa West, the company's planned work includes follow-up detailed trench and diamond drill testing of an exceptional eight metre wide high-grade gold zone. This includes three metres at 29.6 grammes per tonne (g/t) of gold discovered by exploratory trenching on a soil anomaly late last year.Further drill testing of potential new hidden gold veins is also planned as well as initial trenching on several untested gold-in soil anomalies at Gindusa West covering a 1,500m by 750m area.At the Gindusa Main Zone, the company's planned work includes infill and step-out drill testing of the high grade gold vein systems at the Gindusa Mine area aimed at demonstrating the potential for resource delineation.The company reported that completion of 75% earn-in to Deli Jovan is expected in the second half of 2013.Meanwhile, at the Mutsk Gold Project Armenia, Orogen Gold reported that scheduled work included a due diligence evaluation programme planned on the joint venture property over a potentially large epithermal gold target.CEO: Follow-up of high-grade gold discoveries to be 'prioritised'Ed Slowey, Chief Executive Officer of Orogen Gold, commented: "The 2013 work programme represents the next exciting development phase at Deli Jovan. Follow-up of the outstanding recent high grade gold discoveries at Gindusa West will be prioritised. "A highly-focused drill programme is also planned across the Gindusa Mine area during 2013 to demonstrate continuity of the vein system, with the aim of outlining a mineral resource in the medium term.""In Armenia, our new Mutsk joint venture property has the potential to be a large epithermal gold system. The initial work programme in the coming season, including a drilling component, will be geared towards confirming that potential. Orogen Gold's share price was up 2.38% to 0.43p at 09:40 on Wednesday.MF
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23 Oct 2013 14:20
Orogen Gold begins second phase of drilling at Mutsk
Orogen Gold has started the second phase of drilling at the Mutsk gold project in Armenia. The company said the drilling will target a maiden resource by the end of 2014. A drill rig has been mobilised to test the mineralised corridor further before the onset of winter. Orogen expects that the
Read more4 Oct 2013 14:52
Orogen raises 0.7m pounds for Mutsk drilling
Gold explorer Orogen has tapped the market for 650,000 pounds to help speed up its exploration programme at the Mutsk gold project in southern Armenia. It placed 216.6m shares with existing and new investors at a price of 0.3p a share. The placing represents 9.04% of the company's enlarged share c
Read more24 Sep 2013 10:34
30 Aug 2013 14:45
Orogen Gold shares rise on Armenia drilling results
Orogen Gold shares jumped after a positive surprise from drilling results at the Mutsk gold project in Armenia. The company signed a deal with Armenian company Georaid in January that gave it the right to undertake a confirmatory exploration programme at the Mutsk project. Orogen Gold revealed tod
Read more11 Mar 2013 10:11
Orogen Gold halves 2012 pre-tax loss
Orogen Gold narrowed its pre-tax loss for 2012 as the mining company cut costs and edged ahead in production. The group reported an annual pre-tax loss of £0.65m, down from £1.21m the previous year. Gross profit came to £0.07m compared to nil the prior year. Operating loss after expenses fell to
Read more22 Jan 2013 08:26
Orogen Gold signs contract for Armenia gold project
Orogen Gold has signed an agreement with Georaid for the Mutsk gold project in southern Armenia, the mineral exploration company announced Tuesday. The company signed a memorandum of understanding with the Armenian registered company for the exclusive right to undertake an exploration programme ove
Read more5 Dec 2012 10:10
Orogen Gold rises on fresh gold discovery
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 dat
Read more17 Oct 2012 08:01
Orogen Gold places 240m shares with board members
Orogen Gold, an exploration company focused on gold exploration and development in Eastern Europe, has placed 240m shares with members of the board at 0.5p each to raise funding for the Deli Jovan gold project into 2013. The placing raised net proceeds of about £1.135m and covers earn-in to 75 per
Read more8 Aug 2012 11:27
Resources round-up: Oregon Gold, African Copper, Sovereign Mining
Oregon Gold, an exploration company focused on gold exploration and development in Eastern Europe, has reported 'solid progress' at the Deli Jovan gold project in Eastern Serbia, where a 7,500 metres diamond drilling programme began in May. So far 15 holes have been drilled at the Gindusa mine targe
Read more2 May 2012 15:59
Finance Director at Hargreaves sells shares
Tracey Taylor, Group Finance Director of Hargreaves Lansdown, has ditched 8,700 shares in the firm just two weeks after the company unveiled record results for the first quarter of 2012. Taylor, a member of the Hargreaves board since 2008, sold the shares for 520p each, alongside a familiy member
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