According to a company statement based on the results of the drilling program at the Mutsk gold projectin Armenia UKexploration company Orogen Gold Plc has twice extended the area of the deposit. Drilling was carried out in August, the purpose of which was the expansion of the deposit to the east and south. Seven wells were drilledin total, and the total works amounted to 1015 meters. “Such a limited drilling program has exceeded all expectations and has approximately twice increased the mineralization area by 600 meters from north to south and by 200 metersfrom east to west.” – the report says. The company also notes that the full potential has not yet been explored and there are areas for further work.
Orogen Gold is aUK company engaged in the exploration and extraction of mineral resources in Europe. In addition to Mutsk, the company is engaged in exploration of the Silverton gold-silver project in Nevada.
Source: Uncommercial joint ownership "Trans-regional Association of precious metals producers"