Last checked at 9 May 2012 12:27
Orogen Gold Plc
('Orogen Gold' or 'the Company')
Result of Annual General Meeting
Orogen Gold Plc (AIM:ORE), the AIM listed mineral exploration company focussed on Gold exploration and development in eastern Europe, held its AGM in London, earlier today.
The Company is pleased to announce that, at the meeting all resolutions were duly passed.
Chief Executive of Orogen Gold Plc, Ed Slowey, made the following comments:
"We are delighted with the progress we have made in the last year. The high grade gold results received from the underground mapping and sampling programme at Deli Jovan, present the solid evidence that warrants a substantial exploration drilling programme on the project. We look forward to demonstrating the continuity and extent of the mineralisation on the property by way of drilling. In this regard, we confirm that a contract has now been signed with an experienced Serbian drilling contractor and work will commence very shortly.
Alongside the drilling planned at Gindusa and Rusman, we will be undertaking a follow up trenching campaign to test gold anomalies discovered in soil samples collected last year. In addition, we have recently completed sampling an extension to the soil grid covering the area of the Gindusa exploration adit to the northwest of the Gindusa mine where further gold mineralised quartz veining is known. Results from this work are awaited.
The Company is entering into an exciting phase of exploration at Deli Jovan. We are moving from early stage exploration relying on historic mine workings and documentation, into an advanced exploration phase, having acquired high quality data that supports our operational programme and commitment to the project. Our management team has the track record and experience necessary to develop this project and we have access to the funding necessary to confirm the potential of Deli Jovan, which is only now being properly explored with modern techniques."
Orogen Gold Plc Ed Slowey, CEO Alan Mooney, FD |
+353 1662 8395
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Zeus Capital Limited Nominated Adviser and Joint Broker Ross Andrews/Tom Rowley |
+44 (0)161 831 1512 |
XCAP Securities Plc Joint Broker Jon Belliss
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+44 (0) 207 101 7070 |
Newgate Threadneedle Financial PR Guy McDougall/ Josh Royston/ Terry Garrett
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+44 (0) 207 653 9850 |
Notes to Editors
The Deli Jovan gold project is in eastern Serbia, the site comprising two shallow underground gold mines at Rusman and Gindusa, about 6 kilometres apart along a major shear zone. Production at the mines was halted in the 1930s due to the impending Second World War, and was never restarted. The mines lay untouched for over 70 years until Orogen Gold reassessed, dewatered and restarted exploration at Deli Jovan in 2011.