- 06 Mar 2011 16:45
Orogen Gold plc
(formerly Medavinci plc) is a UK public company quoted on the London Stock Exchange AIM market The company�s main activities are focused on mineral exploration and production in Europe.
The Company is incorporated in England & Wales and its business is managed from London and Dublin.
The Deli Jovan gold exploration project in Serbia is the Company�s main operational project.
John Barry 6.12%
Ed Slowey 6.07%
Alan Mooney 4.36%
Michael Nolan 4.36%
Adam Reynolds 4.90%
Orogen Work Plan
Orogen�s exploration objective for Deli Jovan is to demonstrate the potential for a minimum 500,000 ounce gold resource, with scope for substantial additional resources. Orogen will target a maiden inferred resource of 100,000 ounces of gold which would support an initial two to three years of production at an annualised rate of 30,000 to 40,000 ounces of gold. Subsequent drilling and sampling will be aimed at further extending the resource base to support a continuing mining operation. This will be achieved through re-opening and detailed mapping and sampling of the old mine workings and diamond drilling to confirm and extend the Rusman and Gindu�a deposits.
Subject to the outcome of the initial work phase, a follow-up programme is proposed comprising 20,000m of diamond drilling to delineate a maiden inferred resource of 100,000 ounces of gold sufficient to support two to three years of production based on a preliminary economic assessment.
Chairman Adam Reynolds said, 'We have a very exciting gold project in Deli Jovan which I believe will significantly enhance shareholder value and additionally we are reviewing a number of other mineral exploration opportunities in Europe and Asia that are at varying stages of advancement.
Orogen Gold, Gold_Strategy_
Reservoir The Company MVC Acquired the project Reservoir Retains 25%
Results of Soil Sampling Programme and Deli Jovan Project Update 3 OCT 2011
Company Presentations Nov 2011
Sampling results audiocast Tue, 01 May 2012, 2:00pm GMT
- 27 Apr 2011 12:48
- 81 of 257
:o) on the risers board today on a quiet day--all coming together nicely.
- 23 May 2011 08:25
- 84 of 257
Nice bit of news. Its all looking good still plenty of time to get in on the cheap.
Orogen Gold PLC
RNS Number : 0210H
Orogen Gold PLC
23 May 2011
Orogen Gold Plc
("Orogen" or "the Company")
Orogen Gold Plc (AIM:ORE) the AIM listed mineral exploration company, focussed on gold exploration and development in Eastern Europe, announces the advancement of its plan to reopen access to the Deli Jovan gold mines in eastern Serbia. Deli Jovan comprises two shallow underground gold mines at Rusman and Gindusa, about 6 kilometres apart along a major shear zone, that were last in production over seventy years ago.
As previously reported, permission has been granted by the Serbian Licensing Authority to open up the original shafts into the Deli Jovan mine. The Company is now pleased to announce that a landowner agreement has been completed to facilitate the planned work at the Rusman mine area; this will allow the Company begin work there. Furthermore, the Company is pleased to announce that it has purchased 39 acres of land over the Gindusa mine area. This has secured access to the site, in readiness for work to begin.
An experienced Serbian underground mining refurbishment contractor has been appointed and their preparation work will begin immediately, with work at the site to commence before the end of May 2011.
Historical drawings show mine shafts that descend approximately 100 metres, with galleries every 30 metres or so, following high grade gold veins. At this stage the condition of the shafts and galleries is unknown. Once access to the underground workings is completed, the Company plans to carry out detailed re-mapping and re-sampling to feed into a preliminary assessment of the resource potential.
Ed Slowey, CEO, commented:
"This news represents real momentum towards our company's goals. The successful accessing of these historic mines will be a significant step forward in our programme. We now have access to what we believe are prized assets with great potential .We look forward to reporting back as the work programme progresses".
- 06 Jun 2011 07:55
- 85 of 257
gold up.....ore down....???
- 06 Jun 2011 15:48
- 87 of 257
Or(e) you may be sorry!! Or(e) not! :o)
Cheap as chips at the moment. Speculative still, but cheap as chips for a punt.
- 07 Jun 2011 16:18
- 89 of 257
Is the plan to do some surface mining, and do they have the facility to process the ore. Or are we looking at two to three years before production starts.
- 08 Jun 2011 13:52
- 91 of 257
Looks like the digging is well under way for the trenching samples. Pic taken from the Web Site.
- 08 Jun 2011 14:05
- 92 of 257
is that the best "Crappy " machine they have or the only one they have??
- 08 Jun 2011 14:12
- 94 of 257
Driver & photographer. Two man band, with as you say, a tired and elderly digger (the machine, not the driver!). I've dug bigger holes than that in my back garden! Come to think of it, I did see something glitter in the sunlight................;o)
- 08 Jun 2011 14:15
- 95 of 257
LOL.,. your not really serious driver........are you.,.
- 08 Jun 2011 14:24
- 97 of 257
wish i hadn't seen the pics....looks like your investing in 4 blokes and a wheel barrow
- 08 Jun 2011 14:31
- 100 of 257
now don't get like that driver......12 mill capital and they're using a 30 year old machine??? not encouraging