Business
Significant new drill results announced
Significant new drill results announced.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n \n Ortac Resources Limited 03 November 2017 \n\nOrtac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration\n \n3 November 2017\nORTAC RESOURCES LTD \n(\"ORTAC\" or the \"COMPANY\")\n \nSIGNIFICANT NEW DRILL RESULTS ANNOUNCED\nCasa Mining Ltd intersects 24.75m of 8.04 g/t Au at its Akyanga Deposit\n \nOrtac Resources Ltd is pleased to announce that Casa Mining Ltd (\"CASA\"), in which Ortac holds an effective 45% economic stake, reports significant new gold assay results from the expansion and infill drill programme currently underway at the Akyanga gold deposit (\"Akyanga\") in the Democratic Republic of the Congo (\"DRC\"). \n \nHighlights\n \n· Highest ever grade and intersected thickness drilled at the Akyanga Deposit - 24.75m @ 8.04 g/t Au from 200.75m, incl. 5m @ 22.63 g/t Au from 207.10m\n \n· Drill results expected to extend the open pittable + 2g/t Au resource to the south\n \n· Visible gold logged in hole currently being drilled\n \n· Drill results validate the potential for Akyanga to become a +2Moz gold resource \n \n \nNick von Schirnding, Ortac's Executive Chairman, commented: \n \n\"These latest assay results further support our view that the Akyanga Deposit is likely to develop into a major resource in excess of 2 million ounces gold with very attractive grades. The drilling results - the highest ever grade and thickness reported - represent a turning point in the history of this asset. As the largest investor in CASA, we shall be driving forward with an accelerated drill program on this rapidly expanding gold resource. \n \nWe expect to receive the results for two further completed holes within the next few weeks and, with several high priority targets still untested, we remain upbeat about the Akyanga story, as it continues to develop into a potentially very significant commercial gold resource for Ortac.\"\n \nDrill Results Summary\n \nEight diamond drill holes, with over 1,920m drilled, have been completed as part of the expansion and infill drill program.\n \nThe results for the latest drill holes, MSDD0110 to MSDD0113, have been received with significant gold minerali...