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Vice Speaker of Armenian Parliament: Madrid Principles are not the key element of the Karabakh peace process

US "deeply concerned" on criminal charges against Yunus family

US Department of State: It will take weeks to restore full visa processing capacity

VTB critical of EU's decision to restrict its access to capital markets

Rostelecom launches 40Gbs network in Yerevan

Electric power tariffs rise for population of Armenia on 1 August

Audit Chamber of Armenia calls silly statement claiming that ex-head of Pension Fund 'paid' $250,000 to Audit Chamber's leadership

Orange Foundation helps opening a new computer center in Pemzashen village, Shirak marz

Nominee for U.S. ambassador to Turkey: "Facilitating Armenia's regional integration by opening its border with Turkey will be one of my key goals as Ambassador"

Georgi Kolarov: The second Nagorno-Karabakh war is inevitable

Russian Embassy in Armenia gives a harsh response to the U.S. Embassy

Participants in Beeline's Fortune drawing campaign awarded prizes

Yerevan-Sevan-Ijevan-Azeri border highway to be open in late August

Armenian FM: Through its destructive stance Azerbaijan hinders the Nagorno-Karabakh peace progress

Up to 45% of Armenian citizens are potential emigrants

US Embassy urges Armenian businessmen to refrain from contacts with Russian companies

A leopard family in the south of Armenia gives birth to two cubs

Two Armenian soldiers die because of the Azerbaijani sabotage attack at the line of contact

Human rights activist Leyla and Arif Yunus are accused of secret collaboration with Armenian special services

Member-churches of World Council of Churches going to recognize Armenian Genocide in 2015

NKR foreign minister: Nagorno-Karabakh is where Europe begins

On Aug 2 South Caucasus Railway's commuter trains will be free of charge all over Armenia

Worker killed by a rock fall at perlite deposit in Aragatsavan

Azeris continue firing at Armenia's borderline villages

Serzh Sargsyan: OSCE Minsk Group has suggested principles that can serve as pivot for settling Nagorno-Karabakh conflict

Paruyr Hayrikyan: Armenia and Ukraine have a common "frenemy" in the person of Russia

Electric Networks of Armenia is going to dispute Public Services Regulatory Commission's decision to impose a 15mln AMD fine on it

Economist: In face of economic sanctions against Russia, it is necessary to speed up the process for creating Eurasian Economic Union

Economist: The West's sanctions against Russia will affect the Armenian economy

Rostelecom launches online payment service

Public Services Regulatory Commission of Armenia imposes a 15mln AMD fine on Electric Networks of Armenia

Oppositionist: Interests and viewpoints of Stepanakert do not necessarily coincide with those of Yerevan

Oppositionist: Interests and viewpoints of Stepanakert do not necessarily coincide with those of Yerevan

Ashot Manuicharyan: Armenian President's function is to answer "yes, sir!" and to go do it

Deputy Prime Minister of Azerbaijan criticizes the ICRC again

Nature protection minister charges to resolve problems of several tailing dumps on Syunik region

Official stance of VTB Bank OJSC and VTB Bank (Armenia) CJSC on U.S. sanctions

RPA member: Nagorno-Karabakh Prime Minister's statement had no message to negotiators

Ashot Manucharyan: Armenia may face chaos or isolation at any moment

Armenia joins World Day against Trafficking in Persons

Lake Sevan is among top ten attractions in post-Soviet preferred by Russian people

Leyla Yunus is at Prosecutor General's Office, Arif Yunus decides to "give up"

Pre-Parliament: The overarching goal for all Armenians is the formation of a representative government in Armenia

The OSCE is ready to assist in any way possible to stop the cease-fire violations in karabakh conflict zone, Andrzej Kasprzyk says

US Department of State: Media outlets of Armenia published inaccurate articles portraying religious minorities as criminals and spies

Levon Hayrapetyan loses consciousness on Wednesday morning

Public Services Regulatory Commission decides to reduce tariffs of some services of ArmenTel CJSC

Poaching and illegal hunting tours endanger birds in Armenia

The NKR premier: The Madrid Principles are certainly unacceptable to us

Armenian Copper Programme cuts blister copper production by 13.5%

British Orogen Gold ready to begin diamond drilling in Armenia

  • by Emmanuil Mkrtchyan

  • Thursday, July 10, 20:12

After the successfully held geophysical exploration, Orogen Gold has announced the mobilization of a drill rig to commence its 2014 diamond drilling program at its Mutsk gold project in Armenia. Mining  Global reported.

The company recalls that Orogen has an exclusive agreement with Georaid CJSC, signed in February of the current year, to earn an 80% interest in the property by spending a total of US$2.5m by the end of August 2016.

Ed Slowey, Chief Executive of Orogen, commented: "The IP geophysics programme has been very successful, having extended our target zone at Mutsk to almost 2.5 kilometres, with the zone remaining open towards the north. Magnetic surveying also shows an extensive area of what is interpreted as possible hydrothermal alteration, similar to that associated with gold mineralisation further south.  We will now plan for drill testing of this target, as well as extensions of gold mineralisation encountered further south in earlier drill phases, with drilling due to commence shortly."
Limited historic exploration had been carried out until drilling by Georaid in 2011, which intersected low sulphidation epithermal-type pyrite-gold mineralisation in altered and brecciated tuffs, similar in age to those that host the Lydian International high sulphidation Amulsar gold deposit (4.1 million ounces in Measured, Indicated and Inferred Resources) located 30km to the northwest, also in Armenia.

The Mutsk Project is located in southern Armenia at about 2,000m elevation and is three hours' drive from the capital Yerevan, not gar from the settlement Angeghakot

Orogen Gold plc is a UK public company quoted on the London Stock Exchange AIM market (ticker: ORE). The company's investment strategy is focused on mineral exploration and production in Europe.  The Company is incorporated in England & Wales and its business is managed from London and Dublin.  The Company is focused on mineral exploration and development in Europe and is currently operating two gold exploration projects: a) at Mutsk in Armenia and b) at Deli Jovan in Serbia.

According to ArmInfo data, Georaid CJSC was given a permission for the geophysical exploration in Mutsk on 26 July 2010 till 30 June 2015. Georaid CJSC was founded in Armenia in October 2009. The shareholders' names are secret. 

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