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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
11th Mar 20137:00 amRNSFinal Results
27th Feb 20137:00 amRNS2013 Exploration Programme
18th Feb 20134:30 pmRNSHolding(s) in Company
22nd Jan 20137:00 amRNSHighly prospective Armenia gold property optioned
18th Jan 20137:00 amRNSChange of Adviser
28th Dec 201212:00 pmRNSRe-pricing of Share Options
28th Dec 20127:00 amRNSIssue of Equity
5th Dec 20127:00 amRNSFurther Drill Results at Deli Jovan
30th Nov 20127:00 amRNS£5 million Financing Facility Secured
17th Oct 20127:00 amRNS£1.2m fundraising with Director participation
17th Sep 20127:00 amRNSInterim Results
28th Aug 20127:00 amRNSDrill Results from Deli Jovan
8th Aug 20127:00 amRNSProgress Update
25th Jul 20122:45 pmRNSChange of Registered Office
20th Jun 20127:00 amRNSAppointment of Company Secretary
13th Jun 20127:00 amRNSCompletion of 55% earn-in
22nd May 20127:00 amRNSCommencement of Drilling
18th May 20127:00 amRNSHolding(s) in Company
9th May 201212:27 pmRNSResult of AGM
30th Apr 20127:00 amRNSProgress Update
11th Apr 20127:00 amRNSPosting of Report and Accounts and Notice of AGM
27th Mar 20127:00 amRNSFinal Results for the year ended 31 December 2011
27th Feb 20127:00 amRNSOperational Update
5th Dec 20117:00 amRNSOperational Update
28th Nov 201112:32 pmRNS£1.16m Fundraising - Replacement
28th Nov 20117:00 amRNS£1.16m Fundraising
12th Oct 20114:46 pmRNSHolding(s) in Company
3rd Oct 20117:00 amRNSSoil Sampling Results & Deli Jovan Project Update
19th Sep 20117:00 amRNSExploration Update
15th Aug 20117:00 amRNSInterim Results
21st Jul 20113:20 pmRNSNotice of Interim Results
23rd May 20117:00 amRNSExploration Update
3rd May 20111:01 pmRNSHolding(s) in Company
22nd Mar 20115:41 pmRNSSubstantial Shareholder/Director Dealing
11th Mar 201111:33 amRNSResult of AGM
10th Mar 20117:00 amRNSIssue of Equity
4th Mar 201111:20 amRNSResult of EGM
16th Feb 20117:00 amRNSNew Accounting Ref Date
16th Feb 20117:00 amRNSAcquisition
16th Feb 20117:00 amRNSFinal Results
20th Jan 201111:49 amRNSHolding(s) in Company
18th Jan 20117:00 amRNSUpdate on Deli Jovan Gold Project
23rd Dec 20107:00 amRNSHalf Yearly Report
9th Dec 20107:00 amRNSTrading Statement
3rd Dec 20107:00 amRNSIssue of Equity
16th Nov 20105:44 pmRNSResolutions passed at AGM
28th Oct 20107:00 amRNSAppointment of Joint Broker
25th Oct 20107:00 amRNSUpdate on issue of Exploration Licence
25th Oct 20107:00 amRNSUpdate on issue of Exploration Licence
15th Oct 201012:08 pmRNSHolding(s) in Company

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