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orogen gold plc (ORE) Snapshot

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12/4/13 - 0.32 GBp
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Market Cap
2.5M
Average Volume 10 Days
26.6M
EPS TTM
-0.0021 GBp
Shares Outstanding
3.6B
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orogen gold plc (ORE) Details

Orogen Gold plc is engaged in the exploration and production of mineral properties in Europe. Its principal operational project includes the Deli Jovan gold project located in the territory of Zajecar municipality in Eastern Serbia. The company was formerly known as MedaVinci plc and changed its name to Orogen Gold plc in March 2011. Orogen Gold plc is based in Dublin, the United Kingdom.

orogen gold plc (ORE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: 100.0K GBP
Finance Director and Director
Total Annual Compensation: 75.0K GBP
Compensation as of Fiscal Year 2013.

orogen gold plc (ORE) Key Developments

Orogen Gold plc Provides Update on Diamond Drilling Programme at the Mutsk Gold Project in Southern Armenia

Orogen Gold plc provided the following update on the company's diamond drilling programme at the Mutsk gold project in southern Armenia. Additional step-out drilling on southern profile extends the known lateral extent of the gold-bearing zone to almost 100m; Hole OG14-32 returns 13.8m assaying 1.20/t Au, including 9.0m assaying 1.50g/t Au; Hole OG14-35 cuts multiple gold intercepts over 109m interval; and Drilling on the Mutsk gold discovery will continue to closure of weather window. Since the last drilling update on October 14, 2014, a further five diamond drill holes were completed and assayed at Mutsk and limited assaying was also carried out on two earlier holes. All holes were drilled at a 55 degree angle towards the east. Hole OG14-35 was stepped out twenty metres to the west along drill profile 3610N to trace the further continuity of the mineralised zone in this direction. This hole cut the widest alteration zone yet seen at Mutsk over a 134m length, within which a series of gold-mineralised intervals were defined which are of similar or higher grade to those encountered in previous drilling on this profile. These included 10m assaying 0.69g/t Au and 9.8m grading 0.78g/t Au. The latter intercept is of particular interest as it appears to represent a deeper mineralised horizon than previously known. Holes drilled to date on profile 3610N demonstrate a continuously mineralised body extending for almost 100 metres east to west, with the gold-bearing zone still open to the west and further mineralisation is being seen at depth as step out in that direction. Hole OG14-32 was located on profile 3950N, 340m north of profile 3610N, between holes OG13-03 and OG14-28 for which assays were reported previously. The hole was planned to help clarify the continuity of the mineralised zones between holes. OG14-32 crossed a strongly altered zone from 16m to 56m downhole depth. Within this, a 13.8m section assayed 1.20g/t Au from 34.2m to 48.0m. This included a shorter sub-section of 9.0m assaying 1.50g/t Au. All four holes on this profile are gold mineralised, however more geological variance is evident than on profile 3610N. Hole OG14-22 was drilled towards the southern end of the Mutsk zone and was previously thought to be unmineralised. However, check assaying showed a 3.6m gold-bearing interval grading 0.71g/t Au towards the bottom of the hole. Recent re-mapping and re-logging of this drill hole and earlier drill core suggest that the hydrothermal mineralised zone may extend further to the south beneath masking cover rocks. This possibility will be tested by additional drilling to the south. Hole OG14-33 was drilled at the far north of the north-south Mutsk structural zone on profile 5150N. Along with two previous holes drilled on this profile, the new hole showed that the structural and alteration system extends over two kilometres, but is not gold mineralised on this profile at the depths drilled.

Orogen Gold plc Provides Update on Diamond Drilling Programme at the Mutsk Gold Project in Southern Armenia

Orogen Gold plc provides update on the company's diamond drilling programme at the Mutsk gold project in southern Armenia. Four additional diamond drill holes were completed at the Mutsk property for which core assays were received. All holes were angled at 55 degrees towards the east. Hole OG14-30 was sited 30m to the west of hole OG14-27 on Section 3710N, where a wide gold-mineralised interval was reported previously in hydrothermally altered and brecciated volcanic rocks. The new hole cut a mineralised zone grading 0.70g/t Au over a width of 28.9m between 60.3-89.2m down-hole depth. Within this zone, a shorter interval of 4.8m graded 1.52g/t Au from 77.2-82.0m depth. This hole confirms that the target zone extends to the west on this section similar to the sections already drill tested 90m to the south and 240m to the north. Two holes drilled at the northern end of the 1.6km Mutsk structural zone, OG14-26a and OG14-31, intersected extensive alteration and pyrite mineralisation, as well as some narrow base metal veins, however these particular holes were found not to be gold-bearing. The fourth hole, OG14-29, was sited on Section 4200N at the northern end of the main mineralised zone discovered by previous vertical drilling along the main structure. This hole cored a zone of intermittent alteration and pyrite mineralisation containing some low-order gold values at shallow depths, confirming that the main target zone extends over at least 600m of strike. It is becoming clearer that as the strong alteration and accompanying gold mineralisation can vary over quite short distances, further drill testing of this area is required. Drilling along the Mutsk gold zone is ongoing and further results will be reported over the coming weeks. Work is planned to continue at site as long as weather and ground conditions permit, before the onset of winter.

Orogen Gold plc Provides Update on Diamond Drilling Programme at the Mutsk Gold Project in Southern Armenia

Orogen Gold plc provided the update on the company's diamond drilling programme at the Mutsk gold project in southern Armenia. Hole OG14-28 was drilled at an angle of 55 degrees towards the east and was sited about 240m north of hole OG14-27 and 300m north of hole OG14-25, results from which were reported in an announcement on September 8, 2014. The new hole was planned to test the northward extension of the newly discovered wide zone of gold mineralisation seen in the recently completed holes. A vertical hole OG13-02 drilled 70m to the east in 2013 had intersected a steeply-dipping structural feature assaying 3.68g/t Au over 17.3m. OG14-28 cut a 46.5m zone of hydrothermal alteration assaying 0.92g/t Au from 69.5m to 116.0m, within which a 31.0m interval assayed 1.13g/t Au. This is similar in tenor and width to the gold zones reported in the holes to the south and therefore confirms that the Mutsk deposit has considerable north-south extent. Drilling is continuing on site with two diamond drill rigs in operation and further assay results will be reported in the coming weeks as they are received and processed.

 

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