Business
Drilling Update
Drilling Update.
About this update from Talisman Metals Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 7974B Ovoca Gold PLC 25 February 2011 \n\n25 February 2010\n \nOvoca Gold plc (\"Ovoca\" or the \"Company\")\nOlcha drilling results\n \n \nOvoca is pleased to announce drill results from its ongoing exploration effort at Olcha, a gold project on the Rassoshinskaya license. The Rassoshinskaya license is in the North Eastern part of the Magadan Region, Russia. The Olcha project has three targets; Centralny Zone 1, Centralny Zone 2 and Zond.\n \nDuring 2010 over 10,234 metres were drilled on Olcha. Ovoca has received laboratory analysis for all drilling results and is in the process of updating its resource model. \n \nSignificant drilling results for 2010 not yet announced include:\n \n\n\n\n\nBore hole ID number\n\n\nTarget\n\n\nInterval, m\n\n\nGold grade g/ton\n\n\nSilver grade g/ton\n\n\n\n\nfrom\n\n\nto\n\n\nlength\n\n\n\n\nC-201\n\n\nCentralny, Zone 2\n\n\n145.7\n\n\n146.2\n\n\n0.5\n\n\n14.2\n\n\n16.9\n\n\n\n\nC-201\n\n\nCentralny, Zone 2\n\n\n177.9\n\n\n178.9\n\n\n1.0\n\n\n4.5\n\n\n11.9\n\n\n\n\nC-202\n\n\nCentralny, Zone 2\n\n\n86.0\n\n\n90.0\n\n\n4.0\n\n\n18.4\n\n\n58.1\n\n\n\n\nC-202A\n\n\nCentralny, Zone 2\n\n\n25.5\n\n\n28.5\n\n\n3.0\n\n\n19.3\n\n\n37.0\n\n\n\n\nC-202A\n\n\nCentralny, Zone 2\n\n\n156.5\n\n\n157.3\n\n\n0.8\n\n\n7.0\n\n\n29.6\n\n\n\n\nC-203\n\n\nCentralny, Zone 2\n\n\n85.8\n\n\n86.5\n\n\n0.7\n\n\n8.0\n\n\n25.6\n\n\n\n\n \nTim McCutcheon, CEO, comments: \"We continue to encounter high grade intercepts at Olcha on Zone 2 and are excited about its potential. In 2011 we plan to apply for a full 25-year exploitation license. The Company will use the time during the review of our application to perform additional geophysical work and some drilling to better understand the ore body's structure to the Northeast of Zone 1 as well as the area directly South of Zone 2. Olcha is a complex ore body and the Ovoca team is working hard to bring geochemical, geophysical, trench and drilling work all together to better understand the geology to maximize the efficiency of our exploration effort. \"\n \n \nNotes to Editors\n \nOvoca Gold PLC (\"Ovoca\" or \"the Company\") is a mineral exploration and mine development company listed on the AIM market of the London Stock Exchange (Ticker: OVG) and on the ESM market of the Irish Stock Ex...