Ovoca Gold PLC
03 March 2008
Ovoca Gold plc ('Ovoca' or the 'Company')
Extension of Exploration Licence
Ovoca is pleased to announce that it has received formal approval from the
Russian Sub-Soil Agency (Rosedra) for a 3 year extension of the exploration
license over the Kolmozero-Voronye property (Licence No. MUR 12188 BP). The
licence, save where an additional extension is granted, will expire on 15 July
2011.
The licence area incorporates the Oleninskoe, the Nyalm and the Leshaya gold
deposits and the significant molybdenum-copper Pellapakh deposit. Ovoca has
recently announcement drilling results in respect of the Pellapakh deposit where
it is currently undertaking a 5,500 metre core drilling programme.
The Kolmozero-Voronye property is located in the central part of Kola Peninsula
approximately 50 kilometres from the Serebryanskay hydropower station, 80
kilometres from the Revda railway station and 160 kilometres from Murmansk
sea-port.
Ovoca Gold plc is an international exploration company with a listing in London
(OVG.L), Frankfurt (FFM:OVX) and Ireland (OVX.IR) exploring for precious and
base metals in Russia.
This information is provided by RNS
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