Business
Update on Sturec Project
Update on Sturec Project.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n \n Ortac Resources Limited 16 September 2014 \n\n \nOrtac Resources Ltd\n(\"Ortac\" or \"Company\")\n \nUPDATE ON ŠTUREC PROJECT\n \nThe Board of Ortac Resources Limited, the AIM listed exploration and mine development company, notes that from local media reports, on Friday 12 September 2014, the Slovak Parliament approved an amendment to the Slovak Mining Law banning the use of cyanide leaching technology in gold processing. \nAs part of the Company's technical work programme, tests using alternate methods of processing have already been part of Ortac's ongoing development research. At present, 20 tonnes of material mined from the Šturec Deposit, under the recently awarded mining permit have been sent for pilot scale tests utilising a potential alternative gold recovery process that the Board believes will be economic.\n \nOrtac remains committed to the Šturec Project and will continue to work with the community and the Slovak state, for the benefit of all stakeholders. The Board will continue to update shareholders accordingly.\n \n \n\n\n\n\nOrtac Resources Ltd\nVassilios Carellas (CEO)\n\n\n+44 (0) 20 7389 9050\n\n\n\n\n \nCantor Fitzgerald Europe (Nominated Adviser & Broker)\nStewart Dickson / Carrie Lun / Jeremy Stephenson\n\n\n \n+44 (0) 20 7894 7000\n\n\n\n\n \nSP Angel (Broker)\nEwan Leggat\n\n\n \n+44 (0) 20 3463 2260\n\n\n\n\n \nLoeb Aron & Co. (Broker)\nJohn Beresford-Peirse / Anthony Kluk\n \nYellow Jersey PR Limited (Media Relations)\nDominic Barretto / Kelsey Traynor\n\n\n \n+44 (0) 20 7628 1128\n \n \n+44 (0)7768 537 739\n\n\n\n\n \nNote to Editors\nThe Šturec Deposit is based in Slovakia and has a JORC Code compliant ore reserve of 1.32 million ounces of gold equivalent, with over 1 Moz in the Measured and Indicated categories. For additional information please visit - www.ortacresources.com\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSFMSAMFLSEEU\n\n","length":3504,"tagName":"div"}]