Orogen Gold updates on Mutsk gold project, Armenia
Source - SMW
Orogen Gold has issued an update on its interest in the Mutsk gold project in southern Armenia.
- Orogen gives notice of $2.5 million earn-in prior to the required date of 31 August 2016
- Orogen carrying out administration to register its 80% interest in the project
- Joint Venture partner Georaid have the option to maintain their 20% interest in the property by pro-rata funding share or dilute their interest by non-contribution
- Previous two drill programmes have demonstrated potential for property size growth
- Final results from the recently completed drill programme to be released shortly.