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Operational Update

25 Apr 2013 07:00

RNS Number : 1582D
Orogen Gold PLC
25 April 2013
 



25 April 2013

Orogen Gold Plc

("Orogen Gold", "Orogen" or "the Company")

Operational Update

Orogen Gold today announces that the second-phase of drilling, announced on the 27th February, is planned to commence in Q2 at the Deli Jovan historic gold mining camp in Serbia once work focused on the high grade trench discovery at Gindusa West is completed. Activities will include additional high-density soil sampling and step out trenching from the discovery trench to extend and define the mineralised zone. This work has now commenced, with results expected later in Q2, 2013. Orogen will make a more detailed announcement on the commencement of drilling in the coming weeks.

At the Gindusa Mine zone further drilling is also proposed to establish the resource potential of this segment of the Deli Jovan Shear Zone. The Company has contracted Snowden Consultants to undertake a high level overview of drill results to date and provide guidance on the 2013 drill programme.

Snow has cleared from the Mutsk property in Armenia, where Orogen has established a field base in preparation for an initial due diligence evaluation programme which has just commenced at site. The aim is to confirm the potential of a gold epithermal system discovered by our JV partners in 2011 and will comprise re-logging and sampling of existing drill core, as well as detailed mapping and sampling in the under-explored permit area. A limited programme of follow-up diamond drilling is planned commencing in Q2, subject to satisfactory confirmation of the previously reported gold values. Results from this work are expected late in Q2 and into Q3 2013.

The Company is sufficiently funded to undertake the planned work programmes and looks forward to reporting further positive news as the projects advance.

About Orogen Gold

Orogen Gold plc is a UK public company quoted on the London Stock Exchange AIM market (ticker: ORE). The company's activities are focused on mineral exploration and development in Europe. The Deli Jovan gold exploration district in Serbia is the Company's main operational project. The historic high-grade gold mining camp was last in production prior to World War II and has been significantly under-explored in modern times. The Mutsk project in Armenia, located 30km from Lydian International's Amulsar gold deposit (2.4 million ounces Measured and Indicated Resources), has recently been optioned by Orogen which is undertaking a due diligence study to confirm a new epithermal gold discovery reported from shallow drilling on the property.

 

Enquiries:

 

Orogen Gold Plc

+353 1662 8395

Ed Slowey, CEO

Alan Mooney, FD

WH Ireland Limited

+44 (0) 20 7220 1666

Tim Feather

James Bavister

Newgate Threadneedle

+44 (0) 20 7653 9840

Richard Gotla

Beth Harris

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLSEIFILFDSESL
Date   Source Headline
15th Oct 20157:00 amRNSDiamond Drilling re-commences in Armenia
30th Sep 20154:52 pmRNS£450,000 Equity Fundraising
30th Sep 20157:00 amRNSAppt CEO, Grant of Options, Other Board Changes
30th Sep 20157:00 amRNSHalf Yearly Report
10th Jun 201512:29 pmRNSResult of AGM
11th May 20157:00 amRNSFinal Results for the year ended 31 December 2014
1st Apr 20157:00 amRNSSignificant Shareholder
27th Mar 20157:00 amRNSIssue of Equity
24th Mar 201512:17 pmRNSAppointment of Broker
20th Mar 201512:46 pmRNSRe: Broker
3rd Feb 20157:00 amRNSMutsk gold project update and Issue of Equity
19th Dec 20143:05 pmRNSResult of General Meeting
18th Dec 20147:00 amRNS4,000m Drilling Programme Completed on Schedule
25th Nov 201412:00 pmRNSPublication of Circular and Notice of GM
17th Nov 20147:00 amRNSFurther drilling extends gold discovery at Mutsk
3rd Nov 20147:00 amRNSChange of Adviser
20th Oct 20144:18 pmRNSDirector/PDMR Shareholding
20th Oct 20147:00 amRNSIssue of Equity and Total Voting Rights
16th Oct 20147:00 amRNSPlacing of £75,000 with Directors
14th Oct 20147:00 amRNSFurther drilling confirms continuity of gold zone
22nd Sep 20147:00 amRNSFurther drill assays extend gold discovery - Mutsk
16th Sep 20147:00 amRNSInterim Results
10th Sep 20147:00 amRNSPlacing raising £1.125m - further drilling - Mutsk
8th Sep 20147:00 amRNSDrilling - Wide zones of gold mineralisation
24th Jul 20147:47 amRNSAppointment of Director
7th Jul 20147:00 amRNSMobilisation of drill rig
1st Jul 20147:00 amRNSDrilling for Equity Agreement
3rd Jun 20147:00 amRNSMutsk Gold Project, Armenia - Operational Update
19th May 20141:25 pmRNSResult of AGM
23rd Apr 20147:00 amRNSFinal Results for the year ended 31 December 2013
7th Apr 20147:00 amRNSMutsk gold project - Operational Update
3rd Apr 20149:00 amRNSHolding(s) in Company
28th Mar 20144:16 pmRNSUK Investor Show - Saturday 5 April
3rd Mar 20147:00 amRNSMutsk results update and programme for Spring 2014
8th Jan 20149:56 amRNSHolding(s) in Company
19th Dec 20137:00 amRNSOperational Update
16th Dec 20132:08 pmRNSHolding(s) in Company
6th Nov 20137:00 amRNSDirector Resignation
23rd Oct 20132:16 pmRNSDrilling commences at Mutsk, Armenia
7th Oct 20133:00 pmRNSAnalyst Presentation
4th Oct 20137:00 amRNSFund raising to accelerate drilling at Mutsk
24th Sep 20137:00 amRNSInterim Results
30th Aug 201310:29 amRNSStakeholder Conference Call
30th Aug 20137:00 amRNSNew gold discovery confirmed at Mutsk, Armenia
30th Jul 20135:54 pmRNSStakeholder conference call completed
24th Jul 20137:00 amRNSStakeholder conference call
18th Jul 20137:00 amRNSAppointment of joint broker
4th Jul 20137:00 amRNSTrenching at Gindusa West - very high gold grades
9th May 201312:53 pmRNSResult of AGM
25th Apr 20137:00 amRNSOperational Update

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