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12 Mar 2014 07:00
Ortac Resources Ltd
Andiamo Exploration Ltd has commenced Drilling at Yacob Dewar Deposit in Eritrea
Ortac Resources Ltd ("Ortac") the AIM listed exploration and development company, today announces that further to the announcement made on 03 March 2014, Andiamo Exploration Limited ('Andiamo'), a company of which it entered into a strategic alliance on 13 January 2014 has commenced a diamond core drill programme at its Yacob Dewar gold and copper exploration project in Eritrea.
The current drilling programme has primarily been designed to target the interpreted shallow copper oxide mineralisation at Jacob Dewar, with the intention of defining a JORC Code (2012) compliant mineral resource. In addition, further holes will target the Jacob Dewar high-grade gold mineralisation to assist Ortac in re-interpreting this structure.
Photos of the drilling core and the drill site are available on the Ortac website: www.ortacresources.com
Ortac CEO, Vassilios Carellas, said,
"We are very pleased that Andiamo has mobilised so quickly and that the drill programme is now underway. We look forward to reporting further progress and drill results in due course."
Ortac Resources Ltd Vassilios Carellas (CEO)
| +44 (0) 20 7389 9050 |
Cantor Fitzgerald Europe (Nominated Adviser & Broker) Stewart Dickson/ Catherine Leftley / Jeremy Stephenson
| +44 (0) 20 7894 7000 |
RFC Ambrian Limited (Broker) Jonathan Williams | +44 (0) 20 3440 6800 |
Blythe Weigh Communications Tim Blythe / Halimah Hussain / Camilla Horsfall | +44 (0) 20 7138 3204 |
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