Ovoca Bio Regulatory News (OVB)

3 Mar 2008 07:01

Ovoca Gold PLC03 March 2008 Ovoca Gold plc ("Ovoca" or the "Company") Extension of Exploration Licence Ovoca is pleased to announce that it has received formal approval from theRussian Sub-Soil Agency (Rosedra) for a 3 year extension of the explorationlicense over the Kolmozero-Voronye property (Licence No. MUR 12188 BP). Thelicence, save where an additional extension is granted, will expire on 15 July2011. The licence area incorporates the Oleninskoe, the Nyalm and the Leshaya golddeposits and the significant molybdenum-copper Pellapakh deposit. Ovoca hasrecently announcement drilling results in respect of the Pellapakh deposit whereit is currently undertaking a 5,500 metre core drilling programme. The Kolmozero-Voronye property is located in the central part of Kola Peninsulaapproximately 50 kilometres from the Serebryanskay hydropower station, 80kilometres from the Revda railway station and 160 kilometres from Murmansksea-port. Ovoca Gold plc is an international exploration company with a listing in London (OVG.L), Frankfurt (FFM:OVX) and Ireland (OVX.IR) exploring for precious and base metals in Russia. This information is provided by RNS The company news service from the London Stock Exchange