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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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27 Feb 2012 15:44

Small caps round-up: Orogen, Providence, President

Orogen Gold, a Europe-focused miner, has said it has re-established access to its mine sites after a temporary cut-off was caused by extreme weather. The firm admitted that the exceptionally severe winter weather conditions in Serbia have had a slight impact on the timing of completion of the underg

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3 Oct 2011 08:31

Orogen delighted with Siberian soil samples

A massive soil sampling exercise at recently reopened mines owned by Orogen Gold has identified several gold anomalies that are worthy of further investigation. Access to the two Deli Jovan shallow underground mines in eastern Siberia is improving, and extraction of water continues to expose deeper

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15 Aug 2011 12:21

London midday: FTSE 100 stable after calm start

Shares are holding onto their gains today amid much calmer trading than the volatility seen last week. In company news, international recruitment firm Michael Page is sharply lower. It made a flying start to 2011 but said profit growth in the banking sector has tailed off in the second half of the

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15 Aug 2011 08:44

Orogen upbeat despite further losses

Europe-focused miner, Orogen Gold, widened its losses in the first half of 2011, dropping £554,000 into the red. This compared with a loss of £435,000 in the first half of last year for the firm formerly known as Medavinci, which was relaunched in March. However, the company is positive about its

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