Eritrea: Exploration confirmed High-grade copper exists the base deposit

Djibouti (HAN) May 14, 2014. Ortac Resources has received the second batch of assay results from the drilling programme recently completed at the Yacob Dewar prospect in Eritrea, by Andiamo Exploration Ltd, confirming that high-grade copper exists to the base of oxidation within the core zone of the known mineralisation.

CEO Vassilios Carellas said: “We are encouraged by the second batch of assay results which demonstrate that the copper mineralisation within the core of the deposit, continues to the south and remains strongly mineralised with excellent grades across broad intersections.

“These excellent results follow the positive first batch results we reported on 28 April 2014,” Carellas said.

“We have now begun to define the eastern and western extents of the mineralisation where the core of the deposit remains open to the north and south. The trench results at both Yacob Dewar and Ber Gebey are significant and encouraging.

“We look forward to continuing our partnership with Andiamo and await the next tranche of results as work towards the submission of a technical and economic study on Yacob Dewar continues to press ahead.”

 

Drilling Highlights:

– 1.11 per centCopper over 31metres from surface (including 9metresat 2.40 per centCopper from 4metres)

– 0.80 per centCopper over 30metres from surface (including 5.1metreat 1.55 per cent Copper from 4.4metres)

Surface Trenching Highlights:

– 1.84 grams per tonne of gold over 24 metres (including 7.1metresat 4.38 grams per tonne of gold)

– 1.10 grams per tonne of gold over 22 metres (including 8metresat 3.16 grams per tonne of gold)
At 9:01am: [LON:OTC] Ortac Resources Ltd share price was +0.02p at 0.22p

Picture Sources: Ortac Resources (LON:OTC) said rock chip sampling of Ber Gebey prospect in Eritrea have returned some high-grade results.


 

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