JOHANNESBURG (miningweekly.com) – Aim-listed Orogen Gold announced on Friday that it has received shares in Armenian company Georaid following successful completion of a $2.5-million earn-in.
Orogen now has an 80% interest in Georaid, which holds the exploration licence covering the Mutsk gold project, in southern Armenia.
Orogen has started step-out drilling at the Mutsk property to help define the scale of the gold envelope.
Limited historic exploration intersected low sulphidation epithermal-type pyrite-gold mineralisation in altered and brecciated tuffs, similar in age and gold grade to those that host the Lydian International high sulphidation Amulsar gold deposit located 30 km to the north-west, also in Armenia.