Orogen Gold Ready to Begin 3,000-Metre Drill Programme at Armenian Mutsk Project -
Orogen Gold has announced the mobilisation of a drill rig to commence its 2014 diamond drilling programme at its Mutsk gold project in Armenia.
The UK public company is targeting extensions of previous gold intercepts and several large newly discovered geophysical anomalies in a plan involving a minimum of 3,000 metres of drilling.
Ed Slowey, Chief Executive of Orogen, commented: "Following on from our encouraging diamond drilling campaign in 2013 and recent geophysics programme which has generated several strong new targets within the permit area, we are pleased to announce the mobilisation of a rig to commence the 2014 follow-on drilling programme at Mutsk. We anticipate an active news flow from the property as work progresses."
The Mutsk Project is located in southern Armenia at about 2,000m elevation and is three hours' drive from the capital Yerevan. Orogen has an exclusive agreement with Georaid CJSC to earn an 80 percent interest in the property by spending a total of US$2.5m by the end of August 2016.
The project was optioned by the exploration experts early in 2013 to follow-up reports of a new epithermal discovery within an established gold district.
It also has interest in exploring for gold in Serbia, at Deli Jovan, the historic high-grade gold mining camp which was last in production prior to World War II and significantly under-explored since.
More on the Armenian project can be found at: http://www.orogengold.com/projects/mutsk-armenia/