Business
Casa Drill Results Update
Casa Drill Results Update.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n \n Ortac Resources Limited 09 January 2018 \n\nOrtac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration\n \n9 January 2018\nORTAC RESOURCES LTD \n(\"ORTAC\" or the \"COMPANY\")\n \nCasa Update; further significant gold mineralisation at Akyanga\n \nSince announcing the acquisition of Casa Mining Limited (\"Casa\") in November 2017, the management of Ortac has been actively working to complete the acquisition and integration of Casa. To date Ortac owns 87.4% of Casa and expects the acquisition to be completed shortly. As part of the integration with Casa, Ortac management have completed a number of meetings as well as an extensive site visit - in this regard Ortac has also been completing a review of historical drilling data at Casa which includes over 100 holes of exploration drilling predominantly at the Akyanga license area (which has a JORC Mineral Resource of 1.5m ounces @1.65 g/t Au) (\"Akyanga\"). The results of these will be announced within the next month. \nIn the meantime, Ortac is pleased to report further significant new gold assay results taken from the expansion and infill drill programme currently underway at Akyanga.\n \nHighlights of the latest batch of drill results are as follows:\n \nMSDD0117\n \n· 4.55m @ 3.15 g/t Au from 189.45m\n· 6.70m @ 2.01 g/t Au from 209.80m\n \nMSDD0118\n \n· 5.85m @ 2.47 g/t Au from 199.40m\n· 7.80m @ 2.67 g/t Au from 240.70m; incl. 1.70m @ 10.46 g/t Au from 240.70m\n \nNick von Schirnding, Ortac's Executive Chairman, commented: \n\"With over 3,300 meters drilled in 2017, these are again a pleasing set of results, this time from the outer perimeter of our drilling programme at Akyanga - with good consistency of grade well above 2 g/t Au. Both 117 and 118 show good zones of mineable thickness and previous drilling results within 100 metres of hole 118 show 18 metres of 4.63 g/t. We are now evaluating the possibility of expanding certain conceptualised pits - with all the economic advantages that scale brings. We look forward to updating the market going forward as we continue work on this very exciting deposit.\"\n \nResults of diamond core drilling\n \nThe resul...