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First Batch of Assay Results for Jacob Dewar
First Batch of Assay Results for Jacob Dewar.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n \n Ortac Resources Limited 10 September 2014 \n\nOrtac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration 2014\n \n10th September 2014\n \nOrtac Resources Ltd \n(\"Ortac\" or \"the Company\")\n \nFirst Batch of Assay Results from the Yacob Dewar Systematic Trenching Programme \nConfirms further High-Grade Oxide Copper Mineralisation\n \nOrtac today announces that it has received copper assay results from the systematic trenching programme recently completed by Andiamo Exploration Ltd (\"Andiamo\") on the Yacob Dewar deposit located within the Haykota exploration concession area, in Eritrea. These results provide further confirmation of the presence of high grade, near surface, oxide copper mineralization over a 400m strike length, which is still open to the north and south. \n \nYacob Dewar Trenching Highlights:\n \n· 54.0m @ 0.74% Cu, including 10.0m @ 3.03% Cu, in surface trench YDTR-28;\n· 47.0m @ 1.18% Cu, including 10.3m @ 2.55% Cu, in surface trench YDTR-30;\n· 52.6m @ 0.83% Cu, including 14.0m @ 2.33% Cu, in surface trench YDTR-25; and\n· 80.0m @ 0.54% Cu, including 16.0m @ 1.78% Cu, in surface trench YDTR-26.\n \nVassilios Carellas,CEO, commented:\n \n\"The assay results from the systematic trenching programme are encouraging and further demonstrate that consistent high-grade oxide copper mineralisation is present in the Yacob Dewar deposit. These trench results will allow Andiamo and Ortac to further define the extent of the oxide copper mineralization.\" \n \n\"Ortac working with Andiamo are on course to complete a technical study in Q1/Q2 2015. This will be submitted to the Department of Mines in the Ministry of Energy and Mines of Eritrea as part of a mining license application and will enable Ortac to fulfil its commitments to Andiamo under the subscription agreement, in a process that is swiftly advancing the development of the Yacob Dewar project.\"\n \nSummary and Full Results\n \nA systematic trenching program has been carried out by Andiamo targeting both the copper and gold mineralisation at this deposit. The first complete batch of results received to date is for the copper oxide mineralisation, which now enables th...