Ortac announces encouraging drilling results at Akyanga
Ortac Resources announced "encouraging" initial results from the first two diamond core drill hole assays undertaken by part-owned Casa Mining at the Akyanga gold deposit, in the Democratic Republic of Congo.
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Over 1,100 metres of diamond core were successfully drilled at the deposit with six holes completed, the exploration and mine development company said.
This led to the identification of high grade gold mineralisation over 4 g/t Au in the southern zone, linked between holes, which Ortac's CEO Vassilios Carellas said had "a potential strike length of over 120m".
The drilling also confirmed Akyanga as "an open-pit resource".
Ortac held an effective 45% stake in Casa through ownership of equity and a covertible loan note.
Vassilios Carellas, Ortac's CEO, said the initial results proved Casa was closer to finding a resource of much higher quality.
"These initial results support the current geological understanding of Akyanga and potentially move Casa closer to proving a 2+ Moz resource. We look forward to reporting further results from this promising phase of the drill programme in due course", said Carellas.