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Extensions to Akyanga Deposit Identified
Extensions to Akyanga Deposit Identified.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n \n Ortac Resources Limited 15 December 2017 \n\nOrtac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration\n \n15 December 2017\nORTAC RESOURCES \n(\"ORTAC\" or the \"COMPANY\")\n \nExtensions to Akyanga Deposit Identified\n \nOrtac Resources Ltd is pleased to announce that Casa Mining Ltd (\"CASA\"), in which Ortac currently holds an effective 84.7% economic stake, reports that it has this week completed a review of previous exploration activity in the Akyanga license area (\"Akyanga\"). The review identified significant additional intersected gold mineralization at Akyanga East, a parallel structure only 400m from the known gold resource at Akyanga. As a result, it was decided to commence additional work programmes to incorporate parallel extensions to Akyanga, as part of the existing drill programme. Another five target areas are also currently under review.\n \nHighlights from the diamond drilling at Akyanga East include:\n \n· MSDD0059 - from 49.20m; 5.05m @ 5.93 g/t Au\n· MSDD0064 - from 65.70m; 11.10m @ 1.68 g/t Au\n- from 103.30m; 7.90m @ 4.97 g/t Au\n· MSDD0093 - from 46.00m; 9.00m @ 2.84 g/t Au\n \n \nNick von Schirnding, Ortac's Executive Chairman, commented: \n \n\"Our review of previous exploration has identified a number of targets where gold mineralisation has been intersected via drilling or trenching. Akyanga East is one of the most exciting of these targets and with significant gold mineralisation already identified, we will immediately start a new trenching programme to determine the extent of the gold mineralisation.\n \nI expect that as we continue to review the data, further mineralisation will be defined confirming the view that the Akyanga Deposit sits central to what could end up being a 55km long, multi-million ounce gold belt as we work towards our target of securing in excess of a 2 million ounce gold resource at Akyanga.\"\n \nBackground\n \nCASA initially commenced exploration activity at the Akyanga Deposit and subsequently on the rest of their license area...