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16 Nov 2010 14:16
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration
16 November 2010
Ortac Resources Limited ('Ortac' or 'the Company')
Appoints Joint Broker
Ortac Resources Limited, the AIM listed exploration and development company focussed on the development of precious metal projects in Europe, is pleased to announce the appointment of Optiva Securities Ltd as its joint broker with immediate effect.
**ENDS**
For further information please visit www.ortacresources.com or contact: | ||
Vassilios Carellas | Ortac Resources Ltd | Tel: +44 (0) 20 7440 0646 |
Charles Wood | Ortac Resources Ltd | Tel: +44 (0) 20 7440 0646 |
Roland Cornish | Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396 |
Rosalind Hill Abrahams | Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396 |
Jeremy King | Optiva Securities Ltd | Tel: +44 (0) 20 3137 1904 |
Jason Robertson | Optiva Securities Ltd | Tel: +44 (0) 20 3137 1906 |
Hugo de Salis | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Lottie Brocklehurst | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Notes:
Ortac Resources Limited is an AIM listed exploration and development company focussed on the development of precious metal projects in Europe. Its focus is on the Carpatho Balkan Metallogenic Belt, initially the Central Slovakian Volcanic Field.
The Company has produced an interim JORC compliant resource statement of 0.76 million ounces of gold equivalent and has appointed Snowden Mining Industry Consultants Pty to prepare an updated resource statement which is expected before year end.
The Company's objective is to complete a definitive feasibility study and environmental impact assessment with a view of bringing the Kremnica Gold Project into production.
The Company's strategy is to utilise its highly experienced board and management team and its solid foothold in Central Europe to consolidate additional precious metal development opportunities to build shareholder value.
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