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Orogen trumpets ‘new gold zones’

By Robert Tyerman | Tuesday 1 December 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Entrepreneurially-flavoured AIM dog Orogen Gold (ORE) is making excited noises about ‘preliminary interpretations’ of its latest drilling programme at the Mutsk gold project in Southern Armenia, which it claims suggest new gold zones and extensions to the existing zone already identified there. Chaired by colourful wheeler-dealer and shellmeister Adam Reynolds, the company, which began its AIM life as aspirant though ultimately unsuccessful gym equipment supplier MeDa Vinci but recently recruited indefatigable small mining company player Colin Bird as chief executive, indicates the drilling has revealed shallow gold-bearing intervals with enhanced grades.


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