Orogen Gold has reported positive news on its recent diamond drilling programme at the Mutsk gold project in southern Armenia. CEO Colin Bird commented:
"This is a very pleasing result for the Company. The last two drilling programmes have been aimed specifically at defining the "gold envelope" at Mutsk.
"Relatively small expenditure has doubled the target and further scope remains.
"Our near-term detailed modelling will allow us to fully understand dips, trends and therefore target future drilling from a sound base.
"The outcome is particularly gratifying against the backdrop of a renewed interest in gold mining and developments within the regions we are operating in."
- Limited drilling programme doubles deposit footprint
- Multiple bands of hydrothermal alteration and gold mineralisation intersected
- Gold zone remains open further to the south and east and to depth, with many areas untested
- Company preparing updated deposit model and follow-up plan.
At 9:38am: (LON:ORE) Orogen Gold PLC share price was 0p at 0.02p