driver
- 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.
Directors
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.
Web Site
http://www.orogengold.com/
Orogen Gold, Gold_Strategy_
http://www.medavinciplc.com/files/medavinciplc.com/Medavinci_plc_Gold_Strategy_October_2010.pdf
Reservoir The Company MVC Acquired the project Reservoir Retains 25%
http://www.reservoircapitalcorp.com/s/DeliJovan.asp
Results of Soil Sampling Programme and Deli Jovan Project Update 3 OCT 2011
http://www.orogengold.com/wp-content/uploads/orogen-_pr_3102011.pdf
Company Presentations Nov 2011
http://www.orogengold.com/wp-content/uploads/OrogenPresentationNov2011.pdf
FaceBook
http://www.facebook.com/pages/Orogen-Gold/168420376544173

Sampling results audiocast Tue, 01 May 2012, 2:00pm GMT
http://www.brrmedia.co.uk/event/96697/ed-slowey-chief-executive-officer?popup=true
gibby
- 26 Apr 2012 21:02
- 180 of 267
when is the rns due - it is imminent isnt it? expect this to be 2p minimum surely on a good rns - is that correct? :-))))
driver
- 30 Apr 2012 08:08
- 182 of 267
gibby
- 30 Apr 2012 09:46
- 184 of 267
should be higher sp right now lol....
http://www.proactiveinvestors.co.uk/companies/news/42107/orogen-gold-confirms-very-high-grade-gold-mineralisation-at-historic-mines-at-deli-jovan-42107.html
conf call 2:30 this afternoon maybe interesing :-)))
-- Targets at both historic mines untested by drilling to date, leaving scope for discovery of significant extensions to the previously mined zones. Drilling contract due to be signed imminently
“The results of Orogen's underground mapping and sampling programme confirm the presence of very high grade gold mineralisation at both Gindusa and Rusman,” said chief executive of Orogen Ed Slowey.
“Clearly the results warrant a substantial diamond drilling programme focussed on the higher grade and more continuous gold shoots at Gindusa, as well as the wider shear zone containing multiple mineralised vein systems.”
“This programme will commence very shortly and I look forward to reporting further positive results to shareholders over the coming months.”
Orogen expects to sign a drilling contract imminently.
Balerboy
- 30 Apr 2012 10:54
- 186 of 267
dipped my toe in driver......... watch it fall now.,. lol
gibby
- 30 Apr 2012 15:19
- 190 of 267
bb - you know it make sense! :-))))
Balerboy
- 30 Apr 2012 16:07
- 191 of 267
I SSSSSSSSSSOOOOOOOOOOOOO hope your right gib.,.
gibby
- 02 May 2012 08:15
- 192 of 267
me too bb - hopefully a blue day now - been red since the rns rally cant be far away me thinks
gibby
- 02 May 2012 13:56
- 193 of 267
2nd May 2012:
Orogen Gold plc (formerly Medavinci plc) is a UK public company quoted on the London Stock Exchange AIM market (ticker: ORE). 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.
12:31 pm by Giles Gwinnett The drilling is aimed at exploring the historic Gindusa and Rusman gold mines, from where this week the firm received high grade sampling results Investors should see a steady stream of updates this summer from Serbia-focused explorer Orogen Gold (LON:ORE) as it begins drilling the Deli Jovan project.
So says broker XCap, which notes these are "exciting" times for Orogen, soon to embark on a five month, 7,500 metre drill programme.
The drilling is aimed at exploring the historic Gindusa and Rusman gold mines, from where this week the firm received high grade sampling results.
"The coming months are set to provide a steady stream of updates as assay results become available, with this fully funded phase of drilling expected to complete the spending requirements to earn 55 per cent of the project," said XCAP analyst Sam Brindle in a note to clients.
"Positive results should quickly lead to further resource drilling, completion of the 75 per cent earn-in and the initial target of a 100,000 ounces inferred gold resource over the following 12-months."
The historic mining camp at Deli Jovan, 150km from Belgrade, was last in production before World War II with the major part of gold production between 1900 and 1912.
It comprises two former gold mines - Gindusa and Rusman - and there has been little exploration of the property since mining stopped in 1938.
On Monday, the company announced the results from an underground channel and grab sample programme at the two former mines.
Assays included very high gold grades of up to 63.4 grammes per tonne (g/t) gold over one metre from underground sampling at the Gindusa mine, where chip samples returned grades of up to 133 g/t gold.
Four gold bearing mineralised structures were identified at Gindusa, including one not previously known, and Orogen noted that mineralised zones at Gindusa remained open along strike and down dip.
At Rusman, the company found two gold target zones with underground grab samples showing up to 82.5 g/t gold.
Targets at both mines have not yet been drill tested, leaving scope for significant extensions.
Orogen's chief executive Ed Slowey had said the results clearly warranted a substantial diamond drilling programme - a contract for which is expected to be signed in a matter of days.
Xcap analyst Brindle said the initial focus of the drilling would be to determine the continuity of the high grade vein system identified at Ginduša and the two targets at Rusman.
"Further targets are expected to be identified as the exploration programme progresses with up to 7,500m of diamond core drilling planned by the end of September and a full set of assay results due by the end of November," he added.
Meanwhile, above ground, the soil sampling programme is nearly complete with results expected to flow within the next two months. This will be followed by a ten week trenching programme to identify further drill targets.
Orogen is targeting an initial resource of 100,000 ounces, which would allow it to move into a scoping study for an underground mine producing 30-50,000 ounces a year within three years.
While it is fully funded for the initial portion of its drilling programme, Orogen will require further cash to complete the resource drilling.
It has an earn-in deal with Reservoir Capital (CVE:REO), which will see the former acquire a 55 per cent stake in the property in return for investing C$1.5 million developing the asset.
An additional spend of C$2 million will take that figure to 75 per cent.
Because it is in Serbia, Deli Jovan is plugged into the local infrastructure of a developed western economy, which means it will be cheaper to develop when the time comes.
Had this project been anywhere else than this formerly war-torn region, then it would have been explored and possibly developed many years ago, Slowey has previously told Proactive.
“As exploration geologists, what attracted us was this old mining district that hadn’t been explored in modern times, using modern techniques,” he said.
driver
- 02 May 2012 14:52
- 194 of 267
Also in the header
Orogen Gold - Progress update
Ed Slowey - Chief Executive Officer
Tue, 01 May 2012, 2:00pm GMT
Sampling results audiocast
http://www.brrmedia.co.uk/event/96697/ed-slowey-chief-executive-officer?popup=true
gibby
- 02 May 2012 17:47
- 196 of 267
the director sells did not help here but i do not see it as a problem - i suppose like a lot of people they need cash and i am guessing by city standards they wont be that highly paid at all - it was disappointing though cant deny that - but at least it wasnt all their holding
Balerboy
- 02 May 2012 19:10
- 197 of 267
what did i tell you!!! lol