Orogen Gold

• 09/05/13

  Result of AGM

• 25/04/13

  Operational Update

• 11/03/13

  Final Results

• 27/02/13

  2013 Exploration Programme

• 18/02/13

  Holding(s) in Company

• 

  21/05/13

  Orogen Gold set to start second phase drilling in Serbia

• 

  25/04/13

  Orogen Gold confirms second round of drilling on Serbian project will start in Q2

• 

  12/03/13

  Ambitious Orogen Gold primed for success in 2013, reckons broker

  Ambitious Orogen Gold is fully funded for exploration in 2013 and is expected to have a successful year, says broker WH Ireland.

• 

  11/03/13

  Orogen Gold expects more progress in 2013

• 

  27/02/13

  Orogen Gold prioritises Gindusa West discovery

• 

  22/01/13

  Orogen Gold eyes project in Armenia

• 

  03/01/13

  COMPANY Q&A: Orogen Gold eager to follow up Gindusa West area of Deli Jovan

  Orogen Gold  has been notching up impressive grades from exploration efforts on the Gindusa West area of its Deli Jovan project in Serbia. Proactive catches up with the firm to see where it's heading in 2013.

• 

  28/12/12

  Orogen Gold issues shares at a premium

• 

  07/12/12

  Kea Petroleum, Orogen Gold and Orko Silver to Present at Proactive

  We have Kea Petroleum (LON:KEA), Orko Silver (CVE:OK) and Orogen Gold (LON:ORE) presenting at our last event of 2012 on Wednesday 12th December, from 6pm. 

• 

  05/12/12

  Orogen Gold shares spike on encouraging trench results from Serbia

• 

  10/05/2013

  Stocktube video - Orogen Gold set to start second phase drilling in Serbia

  Ed Slowey, chief executive of Orogen Gold, tells Proactive Investors how work is coming on at the the high grade trench discoveryt at Gindusa West on the Deli Jovan project. He discusses plans to start second phase drilling in Serbia, as well as activity at the Mutsk property in Armenia. Slowey also discusses future financing plans.

• 

  08/05/13

  Thursday's agenda: BoE to stand pat
• 

  27/04/13

  Proactive weekly mining news summary including Ncondezi Coal, Stratex International and Archipelago Resources
• 

  25/04/13

  Thursday's most followed including Magnolia Petroleum, Taylor Wimpey, Orogen Gold and Genel Energy
• 

  25/04/13

  Condor Gold, Mwana Africa plc, Ncondezi Coal, Orogen Gold and others feature in Fox-Davies Newsflash
• 

  12/03/13

  Sound Oil will not need to raise money this year, says broker Westhouse

• 03/10/11

  Press: 03.10.11: -0.32, (0.72) Press: Orogen Gold fell on what staunch defenders described as a misunderstanding. The gold explorer released... read more

  Press: 03.10.11: -0.32, (0.72) Press: Orogen Gold fell on what staunch defenders described as a misunderstanding. The gold explorer released an update on soil-sampling but investors had apparently driven the stock up on expectations of much finer detail on gold grades. No such information was forthcoming and disappointed investors duly took their money back out again. Source - Mail
• 30/01/07

  Press: 30.01.07: an article in the Times reports: MeDaVinci plc was unchanged at 9.50p amid rumours of an imminent deal for which it will pay... read more

  Press: 30.01.07: an article in the Times reports: MeDaVinci plc was unchanged at 9.50p amid rumours of an imminent deal for which it will pay around GBP350000 for a 47% holding in Emotion Fitness, a health club operator in Hungary and Romania. Apparently the company is also about to make an investment in the medical field.

Orogen Gold plc (formerly Medavinci plc) is a UK public company quoted on the London Stock Exchange AIM market (ticker: ORE). The company’s main activities are focused on mineral exploration and production in Europe.

The Company is incorporated in England & Wales and its business is managed from London and Dublin.

The Deli Jovan gold exploration project in Serbia is the Company’s main operational project.

To liten to a progress update with Ed Slowey - Chief Executive Officer on 1st May 2012  please click here 

Deli Jovan Project

Location

The Deli Jovan permit is located in the territory of Zaječar municipality, in eastern Serbia near the village of Salaš. Salaš is about 20 kilometres from the copper mining centre of Bor, which in turn is about 210 kilometres from Belgrade.

History

Orogen was drawn to this district due to the high- to bonanza gold grades documented in the historical record and confirmed over the last few years by Orogen’s joint venture partners on the project, Balkan Exploration and Mining (“BEM”).

The historic gold mining camp was last in production prior to World War II with the major part of gold production taking place during the period from 1900 to 1912. There are two former gold mines within the Deli Jovan exploration permit area and there has been no systematic exploration of the property since mining ceased in 1938. There is clear evidence that significant mining activity occurred on the property episodically from Roman times to the earlier part of the last century. There are no reliable production figures from the mining period – earlier estimates suggest 20 tonnes of gold (625,000 ounces) were produced from the district but this is not verifiable. Gold grades in grab samples from quartz veins up to 880g/t have been reported.

The Opportunity

Due to the chequered history of this part of the Balkans, Deli Jovan is largely a forgotten mining district. Similar districts in other parts of the world have been extensively explored and developed by now, but no systematic exploration or underground sampling and drilling has been carried out at Deli Jovan. The orogenic-style, mesothermal gold mineralisation and geological setting are comparable to the Mother Lode of the Sierra Nevada in California and the Norseman district in Australia. Previous mining was limited to about 80m depth and both the strike and depth extensions at the two historic gold mines are largely untested.

Archive plan and cross-section of the historic Gindusa mine, 1935

Joint Venture Agreement

Orogen has negotiated an Earn-in and Option Agreement with TSX listed Reservoir Minerals Inc. where the Company can earn an initial interest of 55% through a financial spend of C$1.5 million within 24 months, followed by an option to acquire a further 20% interest in the Project through an additional financial spend of C$2.0 million, for a total spend of C$3.5 million within a total period for the Earn-in, not exceeding 42 months. As of June 2012 Orogen has completed the initial 55% earn-in.

Orogen Work Plan

Orogen’s exploration objective for Deli Jovan is to demonstrate the potential for a minimum 500,000 ounce gold resource, with scope for substantial additional resources. Orogen will target a maiden inferred resource of 100,000 ounces of gold which would support an initial two to three years of production at an annualised rate of 30,000 to 40,000 ounces of gold. Subsequent drilling and sampling will be aimed at further extending the resource base to support a continuing mining operation. Initial work comprising re-opening and detailed mapping and sampling of the old mine workings has now been completed. A diamond drilling programme to confirm and extend the Ginduša and Rusman deposits commenced in May 2012. There is also the potential for undiscovered “blind” lodes rich in gold. It is probable that the old miners needed an average grade of close to 30g/t gold given the crude underground mining methods and the relatively low gold recovery from the old processing plant.

The underground work completed to April 2012 consisted of accessing and dewatering the old gold mines and short-range sampling of the underground galleries to understand the detailed geometry of the high-grade shoots. Assay results from chip/channel sampling on underground Levels I (30m depth) and II (60m depth) at the Ginduša mine in particular returned some very high gold grades in chip/channel samples up to 1m @ 63.4g/t Au (see Table 1).

*Veins are numbered 1-4 in sequence from NE to SW

Information gained is being used to guide a programme of high-density drilling of the lodes beneath the existing workings and along strike. The drilling is designed to build confidence in the geological-structural model for the deposit. Outside the immediate areas of the old mines a combination of geological mapping, soil geochemistry and ground geophysics will be undertaken to define further drill targets and to make new discoveries within the property.

A programme has commenced comprising 20,000m of diamond drilling in two phases to delineate a maiden inferred resource of 100,000 ounces of gold sufficient to support two to three years of production based on a preliminary economic assessment.

Orogen has signed a service contract agreement with BEM to provide technical, administrative and logistical assistance to the Orogen work programme at Deli Jovan.

Operating in Serbia

Serbia has an area of 88,361 km2 and a population of 10 million inhabitants. The capital Belgrade with a population of 1.7 million is a modern European city. The language is Serbian and the currency is the Serbian Dinar (115 RSD = €1). The political system is a parliamentary republic.

Structural reforms have helped Serbia to achieve macroeconomic stability and average annual growth of over 5 percent over the past five years. Individual and corporate income tax rates are competitively low, and business formation procedures have been made more efficient. According to the IFC “Ease of Doing Business Ranking” Serbia is 92nd out of 183 countries ahead of Greece (100) Russia (120) and Brazil (126). The labour market in Serbia is relatively flexible.

Serbia has competitive tax rates for individual and corporate income. The top individual income tax rate is 15 percent. Salaries are taxed at 12 percent, and other personal income (royalties, investment, and rent) can be taxed at up to 20 percent. The corporate tax rate is a flat 10 percent. There is a 5 percent State royalty on all mining operations and no free carried equity interest for the State in mining projects.

Serbia is a European Union Applicant and foreign investors may acquire concession rights on natural resources. International exploration companies currently active in Serbia include: Rio Tinto (UK), Avala Resources Ltd. (Canada), Freeport-McMoran Exploration Corp. (Canada), Euromax Resources Ltd. (Canada), Reservoir Capital Corp. (Canada), Empire Mining Corp. (Canada), Erin Ventures Inc. (Canada).

For further information please click here 

Directors & Secretary

Board of Directors

John Barry –Non Executive Chairman

Edward Slowey – Chief Executive Officer

Alan Mooney – Finance Director

Adam Reynolds – Non Executive Director

Michael Nolan – Non-Executive Director

Secretary

Alan Mooney – Company Secretary

John Barry – Non Executive Chairman

John Barry has worked in the exploration and mining industry since 1988 and has consulted to the industry as a Qualified Person on a range of gold and base metal deposits in Europe, Africa, Australia and South-East Asia. He has degrees in Geology from The State University of New York and The Pennsylvania State University and an MBA from the Edinburgh Business School at the Heriot-Watt University in Scotland. He has worked for over 20 years on a range of gold and base metal deposits in Europe, Africa, Australia and Asia and has discovered, sourced and supervised feasibility studies on multi-million ounce gold deposits in Ghana (Ahafo), Tanzania (Nyanzaga) and Mali (Yanfolila). He is currently Chief Executive of Vancouver-based Rathdowney Resources Limited who are involved in base metal exploration in Europe and he is Exploration Director of Sovereign Mines of Africa, exploring for gold in Guinea.

He has extensive experience in the specialist areas of mineral exploration, project management and the technical and financial appraisal of mineral exploration and mining projects. He is a professional member in good standing of the European Federation of Geologists and the Institute of Geologists of Ireland, and therefore qualifies as a competent person under the terms of the VALMIN Code and by reciprocity, Canadian National Instrument NI43-101.

Edward Slowey – Chief Executive Officer

Edward Slowey has worked throughout his career as an economic geologist in the minerals sector. He is currently Managing Director of a private, London-based junior explorer, Silvrex Limited, with gold projects in Africa and also continues to undertake independent consulting assignments covering a range of commodities. Previously he had been attached to the CSA Consultancy Group working out of London and Dublin as Project Manager responsible for independent review, valuation and due diligence in mining and exploration, covering base metals, bulk commodities, precious metals and diamonds in Europe, Africa, Asia and America. Work included completion of Competent Person’s Reports and 43-101 independent reports for the AIM, OFEX (now PLUS) and TSX markets. Other roles undertaken in a consultancy capacity include Exploration Manager, Russia for AIM-listed Eurasia Mining Plc, as well as minerals project management through feasibility studies, including at the giant Sukhoi Log gold deposit in Siberia (>12Moz). He has also worked in the Balkans on a range of base metal projects, primarily in Macedonia and Kosovo.

Previously, he managed the Irish exploration arm of Rio Tinto over a 12-year period, focussing on base and precious metals in carbonate, volcanic and metamorphic terrain. This work led to the discovery of the small, high-grade Cavanacaw gold deposit in Northern Ireland. Prior to that, he worked as an exploration geologist in Ireland for a Canadian junior company and as an underground mine geologist at the world-class Navan zinc-lead deposit. Ed holds a geology degree from University College, Dublin and is a professional member of the Institute of Geologists of Ireland and the European Federation of Geologists.

Alan Mooney – Finance Director and Company Secretary

Alan Mooney has worked in the natural resource sector since 2001 with Minmet plc, Tiger Resource Finance plc, Lapp Plats plc, GoldQuest Mining Corp and Rathdowney Resources Limited. He was previously divisional CFO at Sonae SA, Portugal’s largest commercial group. Prior to that he worked with Continental AG the German tyre manufacturer, and was Finance Director of their operations in the UK and in Portugal. He also worked in Mergers and Acquisitions at Continental’s headquarters in Hanover, Germany and formally as Chief Accountant at their Irish tyre manufacturing plant. He speaks Portuguese, German and French. He is a Chartered Accountant and MBA. He trained with PWC in Dublin.

Adam Reynolds – Non-Executive Director

Adam began his career as a stockbroker before moving into investor relations. In 2000 he established Hansard Group plc, a financial PR firm, listing it on AIM in November 2000, before jointly leading a management buy-out of the business in 2004. Adam is also the chairman of Porta Communications plc, a non-executive director of EKF Diagnostics plc and a director of Wilton International Management Group.

Michael Nolan – Non-Executive Director

A director since 2010, Michael Nolan is a Chartered Accountant and has worked with Deloitte in Dublin. He is currently Finance Director of Cove Energy plc, an AIM quoted oil and gas exploration company focussed on East Africa and Chairman of Vancouver based, Rathdowney Resources Limited, a private natural resource company operating in Europe and supported by the Hunter Dickinson group, which plans to list on TSX in Q1-2011. He is also a Director of AIM quoted Tiger Resource Finance plc. He acted as chief executive officer of AIM listed, mining company, Minmet Plc from 1999 to 2007. He also serves on the Board of several resource exploration and investment companies.

The information in this section of the website is disclosed for the purposes of Rule 26 of the AIM Market of the London Stock Exchange plc.

Shareholdings of greater than 3% interest in the Company in addition to the directors’ interests above are as follows: