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Ortac Resources Limited is an AIM listed company focussed on the development of natural resource projects in Europe. Using industry knowledge, and project development and technology expertise, we identify new business opportunities ontario airport car rental and develop sustainable solutions to mobilise the economic ontario airport car rental and human potential of resource assets.
Ortac Resources Limited is an AIM listed company focussed on the development of natural resource projects in Europe. Using industry knowledge, and project development and technology expertise, we identify new business opportunities and develop sustainable solutions to mobilise the economic and human potential of resource assets.
Andiamo holds the 252 square kilometre (km) Haykota exploration licence in Eritrea, 50 km south-west of the producing Bisha Mine, which is a high-grade volcanogenic massive sulphide deposit and one of the highest grade open pit copper mines in the world.
The funds will be used to kick off a drill programme in the first quarter this year at the recently discovered high grade copper mineralisation at the Yacob Dewar deposit, where 63 metres of mineralisation from surface has been intersected - at an average grade of 2.4% copper.
A second drill programme is set to begin later in the quarter to target the high grade oxide gold VMS occurrence at Yacob Dewar, in a bid to expand the deposit along the known 800 metre strike, where recent drilling has returned intercepts including nine metres at 22.5 grams per tonne (g/t) of gold.
"Andiamo has, in our view, a stand out portfolio of very prospective high-grade copper and gold exploration projects, which will broaden our portfolio and deliver an additional margin of investment safety for our shareholders, as we continue to progress our proven turec gold project in Slovakia.
"Drilling results reported to date provide encouragement ontario airport car rental that nice tenor gold and copper mineralisation is present at the project. Whilst only a very small resource ontario airport car rental is defined currently, the proximity to the world-class, high-grade gold and base metals ontario airport car rental Bisha project gives further encouragement."
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