Business
Further gold assay results at CASA Mining project
Further gold assay results at CASA Mining project.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n \n Ortac Resources Limited 29 November 2017 \n\nOrtac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration\n \n29 November 2017\nORTAC RESOURCES LTD \n(\"ORTAC\" or the \"COMPANY\")\n \nOrtac Intersects Further Significant Mineralisation at its CASA Mining project\n \nOrtac Resources Ltd is pleased to announce further significant new gold assay results from the expansion and infill drill programme currently underway at its Akyanga gold deposit (\"Akyanga\") part of the large-scale Casa gold project, in the Democratic Republic of the Congo (\"DRC\"). Highlights of the latest batch of drill results received can be found below:\n \nMSDD0115 \n \n· 8.70m @ 3.90 g/t Au from 98.40m; incl. 2.80m @ 10.62 g/t Au from 100.20m\n \n· 27.50m @ 2.86 g/t Au from 110.60m \n \nNick von Schirnding, Ortac's Executive Chairman, commented: \n \n\"It is encouraging to see that the expansion and exploration drilling continues to intersect substantial thicknesses of mineralisation at grades of well over 2 g/t of gold. The results of this drilling will continue to fill the gaps in the current resource model and improve our geological understanding of the Akyanga deposit.\nWith the acquisition of CASA Mining Limited well underway, our executive team has shifted its focus and work in the DRC to better understand the rest of the large-scale project. Our gold belt licence extends to over 55km's where significant grades of gold have already been identified in previous drilling and trenching activities, which we are currently reviewing. We continue to see significant upside potential to build a gold resource beyond our initial 2 million ounce target.\"\n \nDrill Results Summary\n \nWith the 2,200m first phase now complete and the second phase 2,800m drill program underway, the Company has completed eleven drill holes.\n \nThe results for the latest drill holes, MSDD0114 and MSDD0115, indicate significant gold mineralisation intersected in MSDD0115. MSDD0115 is approximately 100m to the north of a previously drilled hole, MSDD0058, which reported 13.2m @ 4.33 g/t Au from 124.2m. \n \nTable 1. Latest Drill Intercepts*\n \n\n\n\n\nHole ID...