Top Ad unit 728 × 90

Trending

random
.

Ortac Resources associate to start drilling in Eritrea

Copper and gold is what Andiamo is looking for



By Philip Whiterow | Proactiveinvestors

Ortac Resources Ltd’s (LON:OTC) Eritrea associate Andiamo Exploration is set to start drilling at its Haykota licence after arranging funding for the programme.

Andiamo will carry out a reverse circulation shallow drill programme at Haykota, which is prospective for copper and gold.

Vassilios Carellas, Ortac's CEO, commented: "We are very pleased that Andiamo has secured the funds to re-commence drilling these highly prospective targets in their Haykota license area and we look forward to reporting further progress in due course."

Ortac holds an 18.48% equity interest in Andiamo, though its holding was diluted in February when private equity group Emerald Ex took a stake.

Shares eased 6% to 3.5p.
Sponsored Ads
Ortac Resources associate to start drilling in Eritrea Reviewed by Admin on 12:07 AM Rating: 5

No comments:

All Rights Reserved by Madote © 2016

Contact Form

Name

Email *

Message *

Powered by Blogger.