Drilling at Orogen Gold’s (LON:ORE) Gindusa West mine on the Deli Jovan property in Serbia has confirmed high grade gold intervals beneath strong surface mineralisation.
Over the past two months, 15 short, angled holes were drilled at Gindusa West, two kilometres north-west of the historic underground Gindusa gold mine.
Notable results included 0.5 metres at 102 grams per tonne (g/t) gold (Au) at hole DE-GEA06, and 0.7 metres at 83 g/t Au at hole DE-GEA10.
Continuity of the shear zone was confirmed along strike and as far as the drilled depth of 80-90 metres vertically.
The next best result was 0.8 metres at 15.50 g/t Au, which suggests that the quartz veining and gold-bearing pyrite mineralisation within the zone are irregularly distributed.
Orogen will now review the drilling results in tandem with the previous surface trench data during the winter closed season in order to assess the potential for resource estimation of the shallow gold mineralisation at Gindusa West.
"The assay results from the Gindusa West shallow drilling programme in Serbia confirm that the high grade gold-bearing veins located by trenching at surface can be traced to depth,” said Ed Slowey, chief executive of Orogen.
“The assay results will be analysed over the coming weeks to determine the continuity and shallow resource potential of the system at Gindusa West as well as the deeper potential in the vicinity of the old Gindusa mine,” he added.
Meanwhile, at the Mutsk project in Armenia, Orogen has successfully completed its planned 10-hole diamond drill programme, totalling 957.5 metres before closure of the weather window.
The information gained will assist with the preparation of a more substantial drilling programme which is planned for 2014.
Having pored over a report from Dr Jim Oliver, a consultant geologist specialising in porphyry and epithermal mineral deposits, on thin section samples taken from earlier drill core specimens at Mutsk, the company now believes that the hydrothermal alteration and mineralisation encountered sits at a high level in the epithermal system, with a possible relationship to quartz diorite intrusions logged in some of the drill holes.
This suggests that high grade gold feeder/boiling zones may be preserved at deeper levels in the system, which have not yet been tested by drilling, according to Orogen.
Shares in Orogen rose 1.7% to 0.3p on the operational update.
