http://www.lse.co.uk/AllNews.asp?code=jwxsq2gh&headline=Ortac_Energy_Confirms_High_Grade_Gold_Copper_Mineralisation_In_Eritrea
Ortac Energy Confirms High Grade Gold, Copper Mineralisation In
Eritrea
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http://www.lse.co.uk/AllNews.asp?code=jwxsq2gh&headline=Ortac_Energy_Confirms_High_Grade_Gold_Copper_Mineralisation_In_Eritrea>
*Tue, 21st Oct 2014 08:29*
LONDON (Alliance News) - Ortac Energy Ltd Tuesday said it has recieved
the final results from the completed trenching programme on its Yacob
Dewar deposit in Eritrea, which has confirmed the presence of near
surface high-grade gold and copper mineralisation.
"The results have once again provided clear evidence that Yacob Dewar is
showing encouraging signs of its potential to be a commercial mine. Once
more, good gold grades were intersected over decent widths, and
encouraging copper grades were intersected adjacent to the gold
mineralisation distant from the high-grade copper zone targeted by the
recently completed trenching and drilling programme," said Chief
Executive Vassilios Carellas in a statement.
The gold trenching results at the deposit included 3.29 grammes of gold
per tonne over 23 metres, including 10.13 grammes of gold per tonne over
3.1 metres. Other results included 2.73 grammes per tonne of gold over
9.8 metres, 1.77 grammes of gold per tonne over 26.9 metres, 1.74
grammes of gold per tonne over 23.2 metres and 1.57 grammes per tonne
over 21.2 metres.
The copper trenching results included 0.81% copper over 17.2 metres,
including 2.63% copper over 3 metres. Other results included 0.59%
copper over 19.7 metres, 0.58% copper over 21 metres and 0.54% copper
over 10.5 metres.
"We are now building up a strong geological picture of Yacob Dewar which
will be important as we move into the technical feasibility study
stage," said Carellas.
Ortac Resources shares were up 9.4% at 0.175 pence early Tuesday, one of
the best-performing stocks on the AIM All-Share index.
By Joshua Warner; joshuawarner_at_alliancenews.com; _at_JoshAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Received on Tue Oct 21 2014 - 19:26:42 EDT