Exploration Update (0210H)

TIDMORE

RNS Number : 0210H

Orogen Gold PLC

23 May 2011

Orogen Gold Plc

("Orogen" or "the Company")

Exploration Update

Orogen Gold Plc (AIM:ORE) the AIM listed mineral exploration company, focussed on gold exploration and development in Eastern Europe, announces the advancement of its plan to reopen access to the Deli Jovan gold mines in eastern Serbia. Deli Jovan comprises two shallow underground gold mines at Rusman and Gindusa, about 6 kilometres apart along a major shear zone, that were last in production over seventy years ago.

As previously reported, permission has been granted by the Serbian Licensing Authority to open up the original shafts into the Deli Jovan mine. The Company is now pleased to announce that a landowner agreement has been completed to facilitate the planned work at the Rusman mine area; this will allow the Company begin work there. Furthermore, the Company is pleased to announce that it has purchased 39 acres of land over the Gindusa mine area. This has secured access to the site, in readiness for work to begin.

An experienced Serbian underground mining refurbishment contractor has been appointed and their preparation work will begin immediately, with work at the site to commence before the end of May 2011.

Historical drawings show mine shafts that descend approximately 100 metres, with galleries every 30 metres or so, following high grade gold veins. At this stage the condition of the shafts and galleries is unknown. Once access to the underground workings is completed, the Company plans to carry out detailed re-mapping and re-sampling to feed into a preliminary assessment of the resource potential.

Ed Slowey, CEO, commented:

"This news represents real momentum towards our company's goals. The successful accessing of these historic mines will be a significant step forward in our programme. We now have access to what we believe are prized assets with great potential .We look forward to reporting back as the work programme progresses".

23 May 2011

Enquiries

 
 Orogen Gold Plc 
  Ed Slowey, CEO 
  Alan Mooney, FD                       +353 1662 8395 
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 Zeus Capital Limited 
  Nominated Adviser and Joint Broker 
  Ross Andrews/Tom Rowley               +44 (0)161 831 1512 
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 XCAP Securities Plc 
  Joint Broker 
  John Grant/Karen Kelly                +44 (0) 207 101 7070 
-------------------------------------  --------------------- 
 Hansard Communications 
  Financial PR 
  Nicholas Nelson/Guy McDougall         +44 (0) 207 245 1100 
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This information is provided by RNS

The company news service from the London Stock Exchange

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