4 October 2015

Ortac finds high grade at Sturec

21/02/2012 Ben Jaglom

Slovakia-focused Ortac Resources (OTC) has reported an encouraging set of results from its Sturec project.

The AIM-quoted concern declared that the results had shown consistent high grade intercepts with what it described as 'encouraging' widths. The strongest results included 87.9 metres grading at 6.95 grammes a tonne and 66.3 metres grading at 1.26 grammes a tonne.

Ortac argued that the results 'provide further confidence in the robustness of the Sturec resource mode' adding that it should help to enable 'future analysis for conversion of inferred resource ounces into higher indicated and measured categories'.

Chief executive officer Vassillios Carellas remarked that the results show that the 'recently completed scoping study is based on sound principals' noting that the high gold grades 'provide us with with required evidence to justify further drilling to the south of the Sturec fault' where there had been previously little mining activity.

Shares in Ortac were last recommended by Growth Company Investor last November at 0.98p as a speculative buy. Currently trading at 0.86p the company is valued at £19.8 million

Tags: Doing business in Slovakia, Drilling in Eastern Europe, European mining

Cash Shells 2015

Published in September 2015 this annual research report provides a comprehensive overview of cash shells on the Main Market, AIM and PLUS landscape. You can purchase the directory at the pre-order price with a 15% saving (+VAT). Offer valid until 15th September 2015. Order your copy today


Superb investment toolkit for private investors

SharePad is the new web-based service from ShareScope. Easier to use and more powerful. Perfect for tablets, Macs and Windows PC. Covers ALL your investment requirements.

Growth Company Investor: free trial

Since 2008, our share tips outperformed the benchmark by 281%. Take a free trial and get access to our recommendations today. Start free trial now.

Directors' Pay on AIM 2015

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1000+ AIM-quoted companies. The full report is available to order for £385 + VAT. Click here for more info


Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

Another early contract win for Corero 02/10/2015

Internet security specialist Corero (AIM: CNS) has announced a significant new contract win. Worth $0.7m, the contract provides “distributed denial of service” (DDoS) protection across the customer’s worldwide operations.

Earthport powers ahead in payments 30/09/2015

Cross-border payments specialist Earthport (AIM: EPO) continues to make strong progress. Results to June showed payments processed grew by 75% in the year to June.

Bringing superfast data to a city near you 28/09/2015

Builder of superfast "gigabit" data networks, CityFibre (AIM: CFHL), continues to make solid operational progress.

Tungsten continues to struggle 24/09/2015

Tungsten (AIM: TUNG) listed two years ago to take advantage of a huge market opportunity. The concept is very appealing and early enthusiasm saw the shares almost hit 400p. Ambitious start-ups often take a lot longer to work than first imagined however, as highlighted by the recent AGM statement.

The jury's out on Porta 24/09/2015

Porta Communications (AIM: PTCM) results failed to impress the market with the shares dipping below 7p.

Drug developer Synairgen making good progress 24/09/2015

Recent announcements from respiratory drug developer Synairgen (AIM: SNG) show the Southampton-based company’s strategy is nicely on track. The key phase II trial for its severe asthma and COPD drug has begun and a new product has entered the pipeline.

More News