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Last 0.03 GBp
Change Today +0.005 / 22.22%
Volume 85.3M
ORE On Other Exchanges
As of 11:33 AM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

orogen gold plc (ORE) Snapshot

0.02 GBp
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01/2/15 - 0.09 GBp
52 Week Low
11/10/15 - 0.02 GBp
Market Cap
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orogen gold plc (ORE) Details

Orogen Gold plc engages in the exploration and production of mineral properties in Europe. The company primarily explores for gold ores. It holds interests in the Mutsk gold project located in the Syunik Province in Southern Armenia; and the Deli Jovan gold project located in the Zajecar municipality in Eastern Serbia. The company was formerly known as MedaVinci plc and changed its name to Orogen Gold plc in March 2011. Orogen Gold plc is based in Dublin, the United Kingdom.

orogen gold plc (ORE) Top Compensated Officers

Finance Director and Director
Total Annual Compensation: 85.0K GBP
Operations Director and Director
Total Annual Compensation: 112.5K GBP
Compensation as of Fiscal Year 2014.

orogen gold plc (ORE) Key Developments

Orogen Gold plc Announces Initial Results from 2015 Drilling Show Enhanced Gold Grades and Identifies New Gold Zones

Orogen Gold plc provided the update on the company's recent diamond drilling programme at the Mutsk gold project in southern Armenia. Preliminary interpretation of the results of the 2015 drilling programme support the belief that previously untested targets occur further to the east beneath shallow cover rocks than known from earlier work. The new gold assays extend the main target zone to the south and, possibly, to the northeast, beyond the 500m strike length outlined by earlier drilling. This supports the contention that Mutsk represents a potentially large gold target. This programme is now completed and gold assay results have been received for four out of the six holes to date. Two of these holes, OG15-46 and OG15-47 are of particular interest. OG15-46 was drilled on profile 3740N, 50m north of the most northerly gold-mineralised profile previously identified. Two main zones of pale, hydrothermally altered andesitic tuffs were logged. Both zones were significantly gold-bearing, including an interval of 21.0m width assaying 2.68g/t Au at shallow depth. OG14-47 was drilled close to profile 3735N, more than 500m south of OG14-46 and directed further to the east than any previous drilling in this area. The core was variably altered throughout from 18m - 108m, with several gold-mineralised zones encountered, including a 22.4m interval assaying 1.08g/t Au from 20m depth downhole. Hole OG15-44 was drilled on a separate northeast-trending geophysics target some distance to the southeast of the main mineralised zone at Mutsk. It intersected a pyrite-mineralised alteration zone but encountered only trace levels of gold. The remaining hole, OG15-45 was drilled on profile 3739N, 100m south of OG15-46 and the hole was both unaltered and unmineralised. The remaining two holes of the programme were both drilled along the main target zone further to the east of what was previously believed to be a north-south bounding structure. Both encountered hydrothermally altered zones and assays are awaited from these.

Orogen Gold plc Re-Commences Diamond Drilling in Armenia

Orogen Gold plc announced the mobilisation of a drill rig to re-commence diamond drilling at the Mutsk gold project in Armenia. In-company review identifies Mutsk as an attractive gold target. Seasonally constrained drill programme put in place to continue assessment. Programme designed to establish continuity and presence of gold in adjacent discovery areas.

Orogen Gold plc Announces Executive Changes

Orogen Gold plc announced the appointment of Colin Bird as chief executive officer of the company with immediate effect. Colin Bird is a chartered mining engineer with extensive multi-commodity mine management experience in Africa, Europe, Latin America and the Middle East. As CEO, Colin will lead the execution of the Company's strategy and future direction. Following the appointment of Colin Bird, Ed Slowey assumes the role of Operations Director with responsibility for running the day to day management of the Company's existing projects and assisting Colin Bird in his role as CEO. The company also announced that Anthony Venus, Non-Executive Director, has resigned from the Board with immediate effect to pursue other business interests.


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