http://www.proactiveinvestors.co.uk/companies/news/68451/ortac-resources-reveals-encouraging-exploration-results-from-eritrea-68451.html
May 13, 03:08 Proactive Investors UK
Ortac Resources reveals encouraging exploration results from Eritrea
Ortac Resources (LON:OTC) has revealed encouraging assay results from
drilling and trenching at the Yacob Dewar prospect in Eritrea.
The findings confirm that high grade copper exists to the base of oxidation
within the core zone of the known mineralisation, the company said.
In a drill hole mineralisation with 1.11% copper was encountered from
surface, whilst gold grades of 1.84 grams per tonne across 24 metres were
observed via surface trenching. Overall trenching unearthed gold grades up
to 4.38 grams per tonne.
Ortac chief executive Vassilios Carellas described the exploration results
as 'excellent'.
"We are encouraged by the second batch of assay results which demonstrate
that the copper mineralisation within the core of the deposit, continues to
the south and remains strongly mineralised with excellent grades across
broad intersections," Carellas said.
"We have now begun to define the eastern and western extents of the
mineralisation where the core of the deposit remains open to the north and
south.
"The trench results at both Yacob Dewar and Ber Gebey are significant and
encouraging."
May 13, 03:08 Proactive Investors UK
Received on Tue May 13 2014 - 06:47:55 EDT