Ortac's Casa Mining identifies 'significant' additional gold mineralisation

Ortac Resources announced on Friday that Casa Mining, in which it currently holds an effective 84.7% economic stake, has completed a review of previous exploration activity in the Akyanga license area.

The AIM-traded firm said the review identified “significant” additional intersected gold mineralisation at Akyanga East, a parallel structure 400m from the known gold resource at Akyanga.

As a result, it was decided to commence additional work programmes to incorporate parallel extensions to Akyanga, as part of the existing drill programme.

Another five target areas were also currently under review, the Ortac board said.

It said highlights from the diamond drilling at Akyanga East included MSDD0059 from 49.20m, with 5.05m at 5.93 g/t Au; MSDD0064 from 65.70m, with 11.10m at 1.68 g/t Au and from 103.30m, with 7.90m @ 4.97 g/t Au; and MSDD0093 from 46.00m, with 9.00m at 2.84 g/t Au.

“Our review of previous exploration has identified a number of targets where gold mineralisation has been intersected via drilling or trenching,” said Ortac executive chairman Nick von Schirnding.

“Akyanga East is one of the most exciting of these targets and with significant gold mineralisation already identified, we will immediately start a new trenching programme to determine the extent of the gold mineralisation.

“I expect that as we continue to review the data, further mineralisation will be defined confirming the view that the Akyanga Deposit sits central to what could end up being a 55km long, multi-million ounce gold belt as we work towards our target of securing in excess of a 2 million ounce gold resource at Akyanga.”