Orogen Gold begins second phase of drilling at Mutsk

23rd Oct 2013 14:20

Orogen Gold has started the second phase of drilling at the Mutsk gold project in Armenia.The company said the drilling will target a maiden resource by the end of 2014.A drill rig has been mobilised to test the mineralised corridor further before the onset of winter. Orogen expects that the second phase of drilling will be a relatively short campaign, with the bulk of to be completed next year.The miner has raised £650,000 of working capital to facilitate the project.Shares rose 1.52% to 0.34p at 14:27 on Wednesday.RD