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22 Nov 2012 07:00
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Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration
22 November 2012
Ortac Resources Limited ('Ortac' or 'the Company')
Site Visit
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Ortac Resources Ltd, the AIM listed exploration and development company focussed on natural resource projects in Europe, announces that it will be hosting a site visit to its Ε turec deposit ('Ε turec') in Central Slovakia for analysts and journalists today.
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The visit will include a presentation by the Board of Directors and senior management team and a tour of the Ε turec deposit. Ε turec, which is an advanced precious metals project, has a JORC resource of 1.32 million ounces of gold equivalent. A Scoping Study was completed on Ε turec in January 2012 which identified a post tax Net Present Value of US$153million with a cash cost of up to US$500 per ounce. The Pre-Feasibility Study at Ε turec is currently underway and is scheduled for completion in Q1 2013.
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No new trading or financial information will be disclosed during the visit.
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The presentation will be available on the Company's website: www.ortacresources.com.
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**ENDS**
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