http://www.ortacresources.com/


The Companys strategy is to utilise Ortacs highly experienced board and management team, together with its solid foothold in the Central European region, to consolidate additional exploration and development opportunities in the precious metal sector.
Having already acquired the necessary capital, the Company plans to update the resource, complete a scoping study and preliminary environmental and social impact assessments, and bring into production its initial asset, the Kremnica Gold Project in Slovakia.
The Company has identified several regional consolidation opportunities at various stages of development which are currently being evaluated to significantly increase Ortacs resource inventory and maximise shareholder value. Third party companies with advanced staged projects in the region which can be fast-tracked to achieve near term production are also being actively sought and evaluated.

bought more in at .89p Gibby. will hallmark later!!

yep me too bb - got some more at .88 - yep ditto the hallmark - it is great to buy on weakness when the weakness is for no reason apart from the obvious - as regards otc fundamentals the same and in the right sector

lol looks like i topped up too early here - hope still this sp monday - used my spare funds elsewhere today - also last i looked today sres down again - that will surge on news also in time - gla

story of my life to early this to early that!! To hell with it i am off to Spain for a week see if there is any Spanish gold in them thar mountains if not there is plenty in the bars!!! Hopefully when I return you will have the situation under contoll and back on track Gibby lol Hasta la vista!!

I will give you some gold for now.lol



http://youtu.be/qelvfrVTC50

hi bb - lol yes - have a great week in espana - you can borrow my mule pick axe & shovel for those mountains of you like - and yes if not i am sure there will be plenty in the bars!!! otc despite current sp is not a worry to me just an opportunity - it will imo hit 3p + within 12 months - looking fwd to a poss re-rating - roll on next jorc & rns's

and lol dc ref golden nuggets - i'll try not to reel in the tnt!!! lol

Tuesday 04 October, 2011Ortac Resources Ltd
Exploration Commences at Cejkov Licence, Slovakia
RNS Number : 4615P
Ortac Resources Limited
04 October 2011



Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration

4 October 2011

Ortac Resources Ltd ('Ortac' or 'the Company')

Exploration Commences at Cejkov Licence, Eastern Slovakia



Ortac Resources Ltd, the AIM listed exploration and development company focussed on natural resource projects in Europe, is pleased to announce the commencement of exploration activities at its highly prospective precious and base metals licences in south-eastern Slovakia, which cover a combined area of 200 sq km across nine exploration licences. The Company's initial focus in this region is on the Cejkov Exploration Licence ('Cejkov' or 'the Licence') where an exploration programme has commenced in order to verify the geological interpretation of data collected to date and assess the resource potential of the Licence.



The Licence is located in the southern part of the Trebiov district of Slovakia, approximately 200km east of the Company's most advanced asset, the Kremnica Precious Metals Project which has a current JORC compliant resource of 1.1Moz of gold equivalent from its turec Resource. Cejkov has had several exploration campaigns conducted on it stretching back to 1966, where initial geological mapping and exploration drilling works were performed by the Czechoslovakian state and by RTZ up until the end of communism. Exploration results from the 1990s include 2.5m @ 514.20 g/t silver ('Ag'), 13.37% lead ('Pb') and 8.34% zinc ('Zn') from hole VS-19 and 2.9m @ 156.59 g/t Ag, 13.02% Pb and 14.45% Zn from hole VS-20.



The initial stage of the exploration programme at Cejkov entails the drilling of four diamond drill holes to an average depth of 225m each, which will be completed by Geo-Technic Consulting spol. s r.o., along with some ground based geophysics (2.5km), to be carried out by KORAL, s.r.o.. The focus at this stage is to incorporate the previous exploration results into a credible geological model that determines the potential extents to this mineralisation. It is believed that Cejkov has the potential to host high grade precious and base metal mineralisation in quartz veins hosted by intermediate to acidic volcanic sequences.



Ortac CEO Vassilios Carellas said, "The Cejkov licence has delivered extremely encouraging historical exploration results identifying it as a priority area of focus for Ortac as we commence exploration activities across our Eastern Slovakian portfolio of assets. It is believed that Cejkov has the potential to host high grade precious and base metal mineralisation, and this exploration campaign will provide the Company with a more substantiated reference to confirm the resource potential of this licence.



"In tandem with our exploration activities in Eastern Slovakia, we continue to make progress at our more advanced turec Resource in Kremnica, where we have received consistently encouraging drilling results and where a Scoping Study is due for publication by the end of 2011."

buenos dias hombres. Wot no riches???

lol bb - otc's turn will come - have a great weekend

Worked all weekend now entrenched in front of my computer screen willing the blighters upwards. I hope they dont bring out anymore good news everytime they do the S.P takes a dive!!!??? lol

exactly bb - cant take anymore good news here!!!

good to see more blue here

yeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

another good rns update on a poor market day in general.................

YOU KNOW WHAT THAT MEANS - LOL

Started well up just under 5% a lot of buying going on. Good results from the present surveys should make us very happy bunnies Gibby

hi bb - agreed - we should start heading towards the sp we should be as still way under valued as you know - but heading in the right direction again - cheers

company reporting "High grade intercepts at Sturec" which should lead to a reappraisal upwards upon completion of the survey.

yes i noted that - no reason why not - when otc is sitting somewhere in the 3p to potential 15p range (more hopefully!!) over the next year or two and we are both holding a shed load of these golden tickets we will be laffing at today's sp - gl

http://minesite.com/news/ortac-resources-aims-to-build-a-gold-mining-powerhouse-in-central-europe-with-two-million-ounces-at-kremnica-as-the-cornerstone

Just had a read sounds like they have their heads screwed on,as long as mother earth comes up with the goods!! On the basis of what I read I felt the urge to to top up with another large wedge!! I may even sell the mule and buy a Toyota pick up!! eeeeeeeeeeeeehhhhhhhhhhhhhhaaaaaaaaaaaaaaa!!!!!!!!!!!!!!