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22 Nov 2012 07:00
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration
22 November 2012
Ortac Resources Limited ('Ortac' or 'the Company')
Site Visit
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 Šturec deposit ('Šturec') in Central Slovakia for analysts and journalists today.
The visit will include a presentation by the Board of Directors and senior management team and a tour of the Šturec deposit. Šturec, 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 Šturec 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 Šturec is currently underway and is scheduled for completion in Q1 2013.
No new trading or financial information will be disclosed during the visit.
The presentation will be available on the Company's website: www.ortacresources.com.
**ENDS**
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