Orogen intercepts gold mineralisation at Mutsk
8th Nov 2016 10:46
(ShareCast News) - Orogen Gold said the first hole of its step-out Mutsk gold project drilling programme in southern Armenia has intercepted gold mineralisation 160m south of previous bores. "The new drilling supports Orogen's belief that Mutsk represents a substantial gold discovery with potential
Read moreOrogen confirms it now holds 80% of Georaid
28th Oct 2016 10:45
(ShareCast News) - Gold exploration company Orogen Gold announced on Friday that it has now received its shares in Georaid CJSC following successful completion of the $2.5m earn-in as announced on 31 August. The AIM-traded firm now has an 80% interest in Georaid, which holds the exploration licence
Read moreOrogen Gold to start drilling at Silverton
13th Oct 2016 12:10
(ShareCast News) - Precious metals exploration company Orogen Gold announced on Thursday that it has signed a drilling contract for an initial programme of reverse circulation drill testing on Galileo Resources' Silverton property in Nevada, United States. The AIM-traded firm has the right to earn a
Read moreOrogen closing in on Mutsk earn-in completion
4th Jul 2016 11:58
(ShareCast News) - Gold exploration company Orogen Gold updated the market on its plans for 2016 at the Mutsk gold project in southern Armenia on Monday, and said it was strongly encouraged by the project re-appraisal after the 2015 drilling programme. The AIM-traded firm confirmed the ground geophy
Read moreOrogen Gold appoints new CEO; board reshuffled
30th Sep 2015 09:14
(ShareCast News) - Orogen Gold has appointed Colin Bird to the role of chief executive, the AIM-listed company said on Wednesday as it announced several board changes. Bird is a chartered mining engineer with mine management experience in Africa, Europe, Latin America and the Middle East. He has be
Read moreOrogen Gold issues 36.4m shares to DEM for drilling services
27th Mar 2015 09:28
Gold explorer Orogen Gold has issued 36.4m shares to DEM Geosciences SAL to cover costs related to diamond drilling services the latter carried out in 2014. The London-listed group said each share was priced at 0.2p, giving the transaction a total value of £72,800 and confirmed the deal was the fina
Read moreLSE suspends bankrupt broker Hume Capital
20th Mar 2015 13:05
The London Stock Exchange has suspended the membership of bankrupt broker Hume Capital Securities after defaulting on unsettled exchange market contracts. The broker, which is an adviser to listed firms including Great Western Mining, LPA Group, Orogen Gold and Coral Products, called in the administ
Read moreOrogen Gold raises £1.12m for its gold drilling project
10th Sep 2014 09:17
Orogen Gold, a gold exploration company, rose £1.12m before costs for its drilling project at Mutsk in Armenia. The company placed 1.02bn new shares with existing and new investors at 0.11p each, which represents 29.92% of Orogen’s capital. The Mutsk project has recently discovered zones of g
Read moreOrogen Gold strikes it lucky in Armenia
8th Sep 2014 10:28
Shares in precious metal explorer Orogen Gold sparkled by a quarter after it made a "substantial" find in southern Armenia. The stock jumped 0.03p or 24% to 0.16p at 10:36 in London after Orogen reported the discovery of wide zones of gold mineralisation at its Mutsk gold project and said it was
Read moreOrogen Gold extends target zone after geophys survey
3rd Jun 2014 11:01
Armenia-focused explorer Orogen Gold hailed results from its latest geophysical survey that extended an existing gold-bearing zone. A detailed geophysical programme has been completed across the 2.5 square kilometre core target area of the Mutsk project in Armenia, with directors inferring from res
Read moreOrogen Gold writes off 3.7m pounds on Serbian gold scheme
23rd Apr 2014 15:21
Orogen Gold wrote off 3.7m pounds on a project in Serbia and said challenging markets for junior gold explorers were set to continue in 2014. Orogen, which has the Mutsk gold project in Armenia and 55% of the Deli Jovan scheme in Serbia, made a £4.2m loss in 2013 against a £651,000 loss the year be
Read moreOrogen 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
Read moreOrogen raises 0.7m pounds for Mutsk drilling
4th Oct 2013 14:52
Gold explorer Orogen has tapped the market for 650,000 pounds to help speed up its exploration programme at the Mutsk gold project in southern Armenia. It placed 216.6m shares with existing and new investors at a price of 0.3p a share. The placing represents 9.04% of the company's enlarged share c
Read moreOrogen Gold shares rise on Armenia drilling results
30th Aug 2013 14:45
Orogen Gold shares jumped after a positive surprise from drilling results at the Mutsk gold project in Armenia. The company signed a deal with Armenian company Georaid in January that gave it the right to undertake a confirmatory exploration programme at the Mutsk project. Orogen Gold revealed tod
Read moreOrogen Gold halves 2012 pre-tax loss
11th Mar 2013 10:11
Orogen Gold narrowed its pre-tax loss for 2012 as the mining company cut costs and edged ahead in production. The group reported an annual pre-tax loss of £0.65m, down from £1.21m the previous year. Gross profit came to £0.07m compared to nil the prior year. Operating loss after expenses fell to
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