Hope this helps22 Jan 2011 12:17
Remember Deli Jovan is a new discovery and is 10KM long SRK sub contractor has just told us that the old mines =2 have a potential 30,000 ounces per year.These are small mines nothing like 10km long. Reservoir Capital Corp is also floated on european markets and is know as ROC its ticker.
Recent surge in price maybe to do with the appointment of a new director. Some director IF HE MAKES YOU JUMP 25%
Please adyor
Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO - News; FRANKFURT:ROC - News; BERLIN:ROC - News) is pleased to report that Orogen Gold Limited ("Orogen") has initiated exploration on the Company's Deli Jovan Gold Project in eastern Serbia. Orogen's programme is aimed at demonstrating down-dip and lateral extensions to the historic high grade mesothermal lode gold mines at Rusman and Gindusa, as well as the discovery of new gold zones along the 10 kilometre strike extent of the Deli Jovan trend.
A services contract agreement has been signed with Orogen, whereby the Company will provide geological and administrative services to the joint venture. In addition a contractor has been engaged to prepare and submit a plan to the Serbian Mining Ministry to re-open underground access in the two former gold mines and to facilitate detailed underground structural mapping and close-spaced channel sampling. The re-opening is planned for February 2011. SRK Consulting has been engaged to provide advice on the re-opening of the old mines and input on the economic parameters for development of a future gold mine at Deli Jovan.
Trial trenching will be carried out across the Rusman gold lode to obtain information on the structure and grade of the gold system at surface. It is planned to extend the surface bedrock sampling programme subject to the satisfactory outcome of the initial programme. In order to test the potential for additional gold mineralization along the strike extent of the Deli Jovan gold trend, detailed soil geochemical sampling is planned to commence this month in the area between the Rusman and Gindusa mines.
GLA
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