- 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
- 06 Jun 2011 15:48
- 87 of 267
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 267
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 267
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 267
is that the best "Crappy " machine they have or the only one they have??
- 08 Jun 2011 14:12
- 94 of 267
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 267
LOL.,. your not really serious driver........are you.,.
- 08 Jun 2011 14:24
- 97 of 267
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 267
now don't get like that driver......12 mill capital and they're using a 30 year old machine??? not encouraging
- 08 Jun 2011 14:36
- 101 of 267
Don't take it personally Driver. Not much happening on the Stock Market today, so looking at a pretty dull screen. Thus contributing inane comments to a thread I know very little about! You have got to admit though, that that digger has passed it's sell by date and I suspect has been written off the books as it has no residual value.
- 08 Jun 2011 14:39
- 102 of 267
ditto harry, getting bored.,.
edit: though driver did leave himself open when posting the pic.,.
- 08 Jun 2011 14:42
- 104 of 267
Not very happy with the share performance by the sound of it?