By Giles Gwinnett, ORTAC Resources (LON:OTC) said its exploration partner Andiamo is about to kick off a 1,000m drill programme on the Haykota licence in Eritrea. It comes after positive trenching results at the Hoba prospect and the diamond drill programme is designed to test VMS style mineralisation in the north of the concession.
Continue ReadingOrtac and Andiamo teamed up to develop the Haykota licence into a mining licence by June 30, 2015 By Samuel Agini, ORTAC Resources Ltd Monday said strategic partner Andiamo Exploration Ltd has received the results of a rock chip sampling programme across its Ber Gebey prospect, which showed gold values of up to 23 grammes […]
Continue ReadingBy Proactive Investors, Ortac Resources (LON:OTC) has unveiled a strategic tie-up with a private exploration firm, which has a portfolio of “very prospective” high grade copper and gold projects in Eritrea. The mining firm has struck a subscription agreement with Andiamo Exploration to acquire up to 26.75% of the firm by subscribing for shares in […]
Continue ReadingBy Tim Williams, Eritrea is underlain by the volcano-sedimentary rocks of the Arabian-Nubian shield, one of the world’s most unexplored but potentially productive mineral provinces. It has only a handful of deposits now in production or under development. The major styles of economic mineralisation include the volcanogenic massive sulphide (VMS) deposits; the geologically much younger […]
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