Orogen Gold
Orogen Gold
  • Gold Price

    [Most Recent Quotes from www.kitco.com]
  • Share Price

    ORE.L0.13 p  chart +0.00%
    Trade on 27-08-2014 at 12:22
  • Webcasts

High-grade Gindusa West – further discoveries

21 August 2013

Orogen Gold

(“Orogen” or the “Company”)

High-grade Gindusa West prospect- further discoveries

 

Orogen Gold (AIM:ORE), the AIM-quoted mineral exploration company, reports further trench results at the recently discovered Gindusa West gold prospect within the historic Deli Jovan mining district in Serbia.  The Company is now moving towards drill testing these recently discovered near-surface targets.

Highlights:

·     Trenching exposes multiple gold-bearing shears along east-west structure at surface

·     Mineralised zones extend up to 13m in width; Au grades range from 1.44-29.55g/t Au

·     Shallow drill testing of newly discovered targets to commence imminently

 

Ed Slowey, Chief Executive of Orogen, commented: “Trenching at Gindusa West has discovered a gold-bearing structure with multiple shears within zones substantially wider than anything recorded previously in the district and which locally includes zones of high gold grade.  The drilling programme which is about to commence will help define continuity and grade of the system at relatively shallow depths, giving an indication of the potential to establish a near-surface mineral resource that could be open-pittable.  Further news will follow as drilling progresses.”

 

Gindusa West prospect, Deli Jovan

Further step-out and infill trenching and mapping at Gindusa West has indicated that the main gold-mineralised, steeply north-dipping east-west shear structure intersected in trench TAG-2 late last year, extends for at least 360m.  Widths range from 1.0-13.0m and gold grades range from 1.44-29.55g/t.

The zone remains open to the west and appears to splay to the east into multiple mineralised structures towards the area of the old underground exploration adit where three gold vein zones were intersected in a short drilling programme in 2012.  Please follow the link below for the drilling plan:

http://www.rns-pdf.londonstockexchange.com/rns/1165M_-2013-8-20.pdf

Significant gold-bearing intervals across the main structure and associated branch structures are summarised in the table below from west to east (including trench TAG-2 reported previously):

Trench No. Interval (m)* Grade (Au g/t)
GWA T11 1.0 1.44
GWA T6 1.0 1.48
GWA TAG-2 8.0 12.28
incl. 3.0 29.55
GWA TAG-2′ 6.0 3.98
incl. 2.0 9.27
GWA T12 7.0 4.78
incl. 1.0 8.99
and 1.0 21.50
GWA T10 13.0 2.84
Incl. 2.0 14.50
GWA T10 3.0 3.76
GWA T10 2.0 5.96
GWA T3 2.0 5.59
incl. 1.0 10.35

*True widths may be less, as some mineralised zones are partly oblique to trenches

In addition, trenching to the north and northwest of the main structure has located two noteworthy gold intercepts which were reported previously: GWA T6 – 3.5m @ 61.42g/t Au (including 2.0m @ 107.0g/t Au) and GWA T8 – 2.0m @ 5.76g/t Au (including 1.0m @ 8.88g/t Au).  Sample results are awaited from a further trench in this area.  Initial testing of another gold-in-soil anomaly in trench T2 to the northeast of the main structure located a new shear/vein system assaying 7.71g/t Au over 2.0m.

A contract has been signed with a local drilling contractor for an initial minimum 1,000m of diamond drilling to test the shallow depth extensions of the main structure and associated splays at Gindusa West.  Drilling is expected to commence within the next seven days.

Sampling, Assaying, and Quality Assurance / Quality Control

Trenching and continuous chip/channel sampling of the trenches has been carried out by an experienced exploration team under Orogen’s control.  Samples were assayed at the ISO 17025 accredited ALS Minerals analytical laboratory in Rosia Montana, Romania.  QA/QC was ensured throughout the sample handling process and by the insertion of certified standards and blank samples, as well as by in-house laboratory checking.

-ENDS-

 

Approval

Ed Slowey, CEO of Orogen, is a Competent Person as defined by various international instruments and takes responsibility for the release of this information.

Enquiries:

Orogen Gold Plc

+353 1662 8395

Ed Slowey, CEO
Alan Mooney, FD

WH Ireland Limited (Nominated Adviser and Joint Broker)

+44 (0) 20 7220 1666

Tim Feather
James Bavister

XCAP Securities plc (Joint Broker)

+44 (0) 207 101 7070

Jon Belliss

 

Walbrook PR and IR

+44 (0) 207 933 8795

Bob Huxford/ Guy McDougall (Public Relations)

Paul Cornelius (Investor Relations)

 

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.  In addition, Orogen has an option over the Mutsk project in Armenia and is undertaking a due diligence study to confirm a new epithermal gold discovery reported from shallow drilling on the property.