Ovoca Gold PLC - WKN 903680

Hallo Kollegen,

auf vielfache Anregung eines Einzelnen (Ulfur) eröffne ich einen Thread über Ovoca Gold PLC, eine Explorationsfirma, die sich aus einer ehemals Irisch-Schwedischen Gold-Silber Explorationsfirma in den letzten 12 Monaten gemausert hat zu einer eurasiatisch aufgestellten Explorationsfirma. Ich hab die Aktie der Firma seit Februar / März 2006 im Depot.

Hauptinteresse bei mir lag damals im Gebiet auf der Halbinsel Kola, das PGM haltig ist. Problem der Firma: Russland ist politisch immer noch ein schwieriges Pflaster.

Es sind Ex-Leute der Oxus Gold, die sich im Frühsommer letzten Jahres in die kleine Ovoca Resources eingekauft haben, und zusammen mit der acquirierten, russischen Norplat mit Gebieten auf der Halbinsel Kola, und Teilen des Managements der Norplat, so eine völlig neu aufgestellte Firma in London an die Börse brachten.
(Ende Juni 2005 war das.)

Wichtigste Standorte: Russland, Schweden.

Schwerpunkte: Gold, Silber, Kupfer, PGM´s, Molybdän.

Das zuletzt per Kapitalerhöhung gekaufte Silbergebiet in Ostrussland (Goltsovoye) ist wohl mit am weitesten gediehen, da dort arbeitende Minenbereiche übernommen wurden.
Den (behaupteten) Zeitplan bis 2008 / 2009 - bis dahin soll dort die Produktion voll anlaufen - habe ich unten mit angehängt, im nächsten Posting, Goltsovoye betrifft dort die 2., 3., & 4. Grafik.

Ansonsten wird erstmal noch gebohrt, gehämmert & Geld gesammelt.
Aber seht selbst.

Ich fasse ein paar Infos aus der Präsentation & den letzten News zusammen.

Grüsse,
gutso

**********************************

Homepage: Ovoca Gold Plc

Handelbar in London (& Irland), WKN 903680

Company Summary & Objectives

74% interest in 74 m/oz silver deposit in Eastern Russia
acquisition cost / oz silver = $0.35 in shares
acquisition subject to EGM approval by shareholders in May/June 2006
Platinum, copper/molybdenum porphyry properties in Kola, Western Russia
drilling ongoing
Gold exploration targets on 10 licences in Sweden
drilling underway
6 m/oz pa silver production at $3.67/oz cash cost by 2008
current silver price range $12 to $14/oz
Upgrade resources in Russia and Sweden
Experienced management teams in Russia and Sweden (ANMERKUNG: DAS MANAGEMENT BESTEHT AUS Ex- Oxus Gold Leuten!)

Current Operations
IRELAND
The Newcastle West Block (PL’s 3545, 3858 and 3859). During January 2004, Ovoca Resources PLC signed a Heads of Agreement with Aurum Mineral Resources, in advance of finalising a formal Joint Venture Agreement. Aurum Mineral Resources will agree to spend at least €100,000 throughout the Newcastle West Block (PL’s 3545, 3858 and 3859) in north-west County Limerick, Ireland on data compilation, digital data capture, fieldwork and target generation programmes. In addition, Aurum will endeavour to find a suitable third party to fund further detailed exploration.

The Block lies immediately to the west, and north of the town of Newcastle West, Co Limerick. The area has limited exposure with a relatively thick and extensive glacial till cover. The licence areas are predominately underlain by supra-Waulsortion Reef Limestone (RK) and Waulsortain Limestone (WA) and depths to the prospective target horizon (base of Waulsortian) are between 350m – 700m. The Waulsortian Limestone of the area has been shown to be up to 400m thick.

The Newcastle West Block is located in a highly prospective Zn-Pb play to the west of a volcanic and associated intrusive package around Pallas Green. In ground to the north of the volcanics, the Noranda - Minco Joint Venture has been intersecting highly encouraging semi-massive to massive pyritic breccias and associated Zn-Pb grades. Other significant mineralization is known in the area at Courtbrown, Co Limerick just north of the Newcastle West Block (1Mt @ 3.5% Zn, 2% Pb and 14g/t Ag). Also further to the west, Cu-Ag and Cu-Ag-Hg mineralization is recorded at Aherlow, Co. Tipperarry and the disused Gortdrum Mine.

In addition to these substantial mineral deposits, there are numerous minor known mineral localities in the area, including Sb, Ag & As mineralization at Coolbaun and Zn, Pb & Ag mineralization at Rathkeal on PL’s 3488 and 3499 (Tara Mines).

RUSSIA
Kola Platinum and Gold Exploration Licence Area
Kola Peninsula Russia on Finnish Border
Platinum, gold, copper exploration within 152 square kilometre licence. Strong experienced local management based in Monchegorsk. 900,000 ozs gold in Russian P1 category. 7,000 metre drill programme underway. Potential major platinum deposit up to 3.2 g/t over 10 metres of mineralisationThe Oleninskoye and Nylam I and II areas are Ovoca’s current primary target areas with 7000 metre drilling programme underway on Oleninskoye area and drill targets identified on Nylam I and II

Interpreted as a collapsed caldera within the wider K-V greenstone belt, at least six separate mineral deposits have been identified at this geological location, which provides scope for numerous other potential discoveries, including:

Massive sulphide copper-gold veins & pgm mineralised diorite-gabbro (Oleninskoye)
Copper-gold-molybdenum porphyry (Pellapahk)
Layered basic intrusive with free gold & pgm’s (Leshaya)

SWEDEN
Swedish Gold Exploration Licence Area
Ovoca holds seven exploration claims; Klippen, Krokliden, Sjoliden, Nottjarn, Tannsele, Ekorrtrask and Bysstrask (approximately 25,000 ha) in Northern Sweden . The claims are located alongthe relatively under explored northwest trending structure that extends from Storuman in the NW to Lycksele in the SE, termed the ‘Gold Line’.

This belt has the potential to become one of the world’s newest mining districts. The low level of competitor activity coupled with extensive gold geochemical anomalies and open, available land position makes this an exciting place to commence gold exploration.

The central portion of the ‘Gold Line’ hosts three resource category projects; Blaiken – indicated and inferred resource of 8.4 Mt at 0.4 g/t gold, Barsele – indicated and inferred resource of 7.48 Mt at 1.8 g/t gold and Faboliden – indicated resource of 15 Mt at 1.4 g/t gold.

With a fourth project, Svartliden expected to commence production in late 2004. Resources at Svartliden currently stand at 2.62 million tonnes at 4.80 g/t gold (403,000 ounces) at a 1.5g/t gold cut-off, which include Proven and Probable Reserves of 1.41 million tonnes at 5.65 g/t gold (256,000 ounces). Direct cash operating costs for the Svartliden open cut operation, inclusive of provision for rehabilitation are predicted to be US$165 per ounce. Average annual production will be 50,000 ounces from a 300,000 tonnes per annum CIL plant (Dragon Website).

Latest News

__________________________________________________________
Ovoca Increases Shareholding in Norplat to 100%
Friday, 25th August 2006

Ovoca Gold Plc (AIM:OVG; IEX: OVX) annonces that it has acquired 8,100,000 ordinary shares in its subsidiary Norplat Limied ('Norplat'), under the terms of the May 2005 Norplat Option Agreement, in consideration of the issue of 8,910,000 new Ovoca ordinary shares of €0.025 each ('Ordinary Shares).

As a result, Ovoca now has 314,831,010 Ordinary Shares in issue and has a 100% interest in Norplat.

In addition, application will be made for 2,500,000 Ordinary Shares to be issued to satisfy certain professional service and consultancy liability obligations.

Roger Turner, Charman, said "We are delighted to complete the acquisition of Norplat, which is strategic to our long term plans. Exploration work has been continuing on Norplat's Kola Peninsula licences on gold and copper targets. Meanwhile, on the other side of Russia at our Goltsovoye silver project, drilling has commenced earlier this month as part of the bankable feasibility study under the supervision of Wardell Armstrong International. Following completion of the bankable study, Ovoca Gold plans to rapidly move into mine construction during 2008 and position the company to become a mid-tier precious metals producer."

Roger Turner - Chairman +44 (0)7739 092 813
Tom McCormack - Connexions PR +353 (0)86 245 4215
+353 (0)1 230 3015
Nick Bias - Buck Bias +44 (0)7887 920 530
John Frain - Davy Corporate Finance +353 (0)1 679 6363

__________________________________________________________
Encouraging Results from Kola Exploration Programme as Goltsovoye Feasibilty Study Makes Good Early Progress
Monday, 10th July 2006

Ovoca Gold plc (LSE/AIM: OVG.L and IEX: OVX.I) the listed Gold and Silver Mine Development and Exploration Company is pleased to announce ongoing drilling results on the Oleninskoye Gold Deposit and Pellapahk Copper-Molybdenum Deposit, Kolmozero-Voronya License, Kola Peninsula, Northwest Russia. In addition, the Feasibility Study at the Goltsovoye Deposit is advancing well, with drilling activities already underway.

Oleninskoye gold deposit

Oleninskoye is currently undergoing drilling. Positive assay results have been received from the Oleninskoye bore hole ‘C-BF 075’ returning an intersection of 13.7 grammes per tonne gold over an intersection of 1.5 metres. In addition, three separate bore holes from Oleninskoye and one from South Leshaya intersected a tantalum bearing pegmatite at the projected depth of the orebody intersection. These pegmatite dykes are narrow, near vertical, sheet like intrusive bodies which cut across the general trend of the orebodies and host rocks. The drill programme has been redesigned to intersect the orebodies.

In addition, the company has been informed from the assay laboratory that assay samples contain coarse irregularly dispersed gold grains. Coarse grains of gold up to 2 millimetres in diameter have been observed in both core and trench samples but assay results have not reflected what should have been a substantial gold grade. Standard sampling and assay techniques are not designed to take into account the presence of coarse irregularly dispersed gold grains known as the ‘nugget effect’. As a result the sampling and assay techniques have now been modified and the orebody intersections are being resampled and assayed using significantly larger samples and using wet screening techniques which are specific for the analysis of orebodies containing coarse gold.

Pellapahk copper-molybdenum deposit

Drilling results from the Pellapahk copper-molybdenum deposit to the northwest of Oleninskoye continue to produce significant intersections. The Pellapahk deposit was explored to a limited degree during the Soviet period and results from Ovoca’s drilling have extended the area of known mineralisation to over 3 kilometres and over a width of not less than 500 metres. Previous Soviet drilling had produced average grades of from: 0.1% to 0.75% copper; 0.035% to 0.125% molybdenum and 0.01 to 0.57 grammes per tonne gold. Borehole C-BF-67B contained multiple intersections containing the following:

(ANMERKUNG: TABELLE UNTEN - RECHTS NEBEN DEM BÖRSEN-CHART - ALS GRAFIK)

Such results compare favourably with similar deposits such as Mineral Park in northern Arizona with grades of 0.13% copper and 0.037% molybdenum. The results from further drilling on Pellapahk are expected soon. All intersections were within 100 metres from surface.

Goltsovoye

In addition, Ovoca is pleased to announce that the management team at the Goltsovoye Deposit in Magadan in Northeast Russia have made a good start on the Bankable Feasibility Study. Personnel and equipment are on site and drilling activities are already mobilised.

Commenting on these preliminary exploration results, Chief Executive Barrie Oakes said, “The presence of coarse gold has been identified in recent holes at Oleninskoye and modifications to the sampling and assaying techniques have been implemented to deal with this nugget effect. The Pellapahk porphyry deposit has now been shown to extend over a 3 kilometre long and 500 metre wide area and indicates the presence of a large, potential world class open pittable, deposit which is now undergoing more exploration to define its size and grade. We look forward to the results from the ongoing drilling programmes at Pellapahk, Oleninskoye and South Leshaya and we will report them as they become available.”

Glossary:

Coarse irregularly dispersed gold grains: gold grains which are usually visible to the naked eye and greater than one millimetre diameter which do not have a regular distribution throughout the host rock

Dykes: vertical or steeply dipping sheet like intrusive rock formations which cut across other geological structures and rock strata at a high angle

Pegmatite: a light coloured rock formed of coarse crystals often associated with rare metals

Tantalum: greyish silver, heavy and very hard metal almost completely immune to chemical attack. It occurs in such minerals as columbite, tantalite and euxenite

The above information has been reviewed and verified by Mr. Roger Turner, Director and Chairman of Ovoca, for the purposes of the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in March 2006. Mr Turner, with 40 years of mining engineering, manaagement and conslting experience, graduated as a mining engineer from the Camborne School of Mines, has an M.S. degree in Economic Geology from Leicester University and is a member in good standing with the Institute of Mining and Metallurgy and a UK Chartered Engineer.
Ovoca Gold Plc is an international exploration company quoted in London (OVG.L) and Dublin (OVX.IR), exploring for precious and base metals in Russia, Sweden and Ireland

For further information please visit http://www.ovocagold.com or contact:
Simon Beardsmore, Commercial Manager - Ovoca Gold Plc
Tel: +44 (0)207 397 8159
Email: simon.beardsmore@ovocagold.com
Nick Bias / Alex Buck - Buck Bias ( UK PR)
Tel: +44 (0)7887 920 530 / +44 (0)7932 740 452
Email: nick@buckbias.com / alex@buckbias.com
John Frain - Davy
Tel: +353 (0)1 679 6363
Email: john.frain@davy.ie
Richard Chase- Ambrian (AIM Broker)
+44 (0)207 776 6461
Email: richard.chase@ambrian.com

So & hier noch die Infos zu den Projekten als Grafiken aus der Ovoca Präsentation von Mai 2006 (3,3 MB insgesamt).

Grafik 1 ist ein Überblick über die Standorte der Projekte (Eurasien).

Grafik 2, 3 & 4 handeln das östlichste der Gebiete, Goltsovoye mit Silbervorkommen (& etwas Zink & Blei) ab.

Grafik 5, 6 & 7 handeln die Platin-Group-Metals & Gold haltigen Gebiete auf der russisch-sibirischen Halbinsel Kola ab. Das Gebiet liegt im selben geologischen Streifen, wie das berühmte Monchegorsk-Gebiet & weist auch ansonsten starke geologische Ähnlichkeiten, auch mit weiteren goldhaltigen Lagerstätten, auf (Greestone Belt).

Hallo ihr beiden,

der Elch ist ein schöner Anfang.
Er haucht dem Thread einen Geist ein, der auch ganz in meinem Sinn ist.
Habe die Gesellschaft in Ulfurs Oxus-Thread erwähnt, weil Teile des Ovoca-Managements "in ihrem früheren Leben" Schamanen der Oxus Gold waren, die sich dann mit Teilen der übernommenen Norplat unter neuem Fell wieder selbständig gemacht haben.

[Blockierte Grafik: http://www.schamanismus-inform…amanismus/schamane-08.jpg]

Die Ococa habe ich nicht auf der Watchlist, sondern seit Q1 2006 sogar im Depot liegen - allerdings die anfängliche Menge verringert, da hatte ich doch etwas zu satt hingefasst, bei anfänglicher PGM-Begeisterung.
Im Moment hat sie bei mir ca. 5% Depotanteil.

Ich würde mich sehr freuen, wenn ihr zu den praktisch noch vollständig offenen Projekten in Schweden eine Einschätzung hättet.

Meine Einschätzung zu ihren PGM & Gold Gebieten auf der Halbinsel Kola ist die, dass dort mit etwas Drillings schon etwas drin sein sollte.
Die neu hinzugekommenen ostrussischen Silbergebiete scheinen ebenfalls was zu taugen & noch schneller entwickelbar. Auch wenn die gelobte "hohe Infrastruktur" in der Region einem Mitteleuropäer eher ein besorgtes, zartes Lächeln entlockt.
Man muss sich dazu wohl die Feasability ansehen, die Anfang 07 ansteht.

Ein Vorteil gegenüber der russischen Norilsk Nickel, z.B. ist für mich, dass keine ADR´s oder GDR´s gehandelt werden, sondern dass Ovoca Gold PLC in London eben den Handel in echten Aktien ermöglicht.
In London ist der höchste Umsatz, in Irland ist der Handel zwar in Euro, aber da ist leider kaum Handel ...
Das mit dem Umgehen der ADR´s & GDR´s war auch einer der (nebensächlicheren aber nicht ganz von der Hand zu weisenden) Gründe für meinen Kauf bezgl. Ovoca Gold.
Ein weiterer Grund war: ich wollte im Bereich Halbinsel Kola gern in ein PGM-Projekt investieren, die Puma Minerals, die im Süden der Kola zu Gange ist, schien mir damals demgegenüber überteuert.

Problem, das man dabei dennoch immer auch im Hinterkopf haben sollte, sind die politischen Unwägbarkeiten bezüglich Russland!
Siehe Mongolei & Usbekistan (siehe dazu den Oxus-Gold-Thread im Forum), man muss sich dessen wirklich bewusst sein.
Es muss in Russland nicht so dick kommen, aber - who knows.
Die Marakand (auch Oxus Gold "Ableger", in Ulfurs Thread auch erwähnt) hatte ich z.B. auch bis vor kurzem im Depot & bin da grade noch mit einem Rest abgesprungen, vor dem freien Fall. No risk no fun.

Grüsse,
gutso

PPS @ Gogh:
Am Anfang stand übrigens nur Ulfurs Anregung, ich solle den Thread beginnen, nicht eine Minen-"Empfehlung" bezüglich Ovoca.
Aber das Misverständnis ist ein Geringfügiges.
Ulfur hat sie ja auch auf der Watchlist.
Und jetzt watchen wir halt mal. ...

wird nicht angezeigt, deshalb nochmal ein Posting als Anhang.

Hallo Ihr,

Ovoca Gold hat sich in den Abwärtsbewegungen beeindruckend gut gehalten.
Sie hängt nach wie vor mehr an den News, als an den Metallpreisen.
Aktuell 9,5 BritishPence. Unten der Chart.

Hier die Drillings. Ist schon vom 11.09.2006

http://www.ovocagold.com/user_…Kola_Drilling_Results.doc

Zitat

Monday, 11 September 2006

Ovoca Gold Plc, the London AIM (OVG.L) and IEX (OVX.IR) quoted previous metals developer with assets in Russia, Sweden and Ireland, is pleased to announced preliminary results from its drilling and tenching programme in the Kolmozero-Voronya License area, Kola Peninsula, Northwest Russia.

Since acquiring three additional exploration licenses in the highly prospective Kolmozero-Voronya Greenstone Belt, Ovoca has advanced exploration activities on all four licenses. Drilling and trenching has continued on its Kolmozero-Voronya License, on the priority gold deposits Oleninskoye and Nylam, and at Pellapahk, the copper-molybdenum porphyry deposit. In addition, geochemical, geophysical, geological prospecting and trenching have been conducted on the three additional license areas to define drill targets for the 2007 exploration programme.

The results have proven positive, though not as dramatically high as in some previous drilling in 2005. This is because the drill holes have been located to define the outer limits of the ore body with the intent of revising the current resource estimated and were not specifically located to intersect the high grade zone. Nevertheless, medium to high grade mineralisation continued to be intersected.

Oleninskoye
Of significance are the high-grade intersections at Oleninskoye of: 13.5 grammes per tonne gold over 1.5 metres in borehole BF-075 and 19.9 grammes per tonne gold over 1.0 metre in trench K-BF-091. Eight of the holes drilled on Oleninskoye intersected pegmatite within the area where the vein intersection was anticipated. These pegmatite veins are known to cut across the veins and are seen at surface. These holes will be relocated and re-drilled such that they interstect the gold bearing quartz vein and avoid intersecting these pegmatites.

Nylam

The preliminary results from drilling at Nylam have defined a wide zone of continuous gold mineralisation over 14 metres in bore hole BF-107 with high grade intersections of 11.2 greammes per tonne gold over an intersection of 2.0 metres in hole BF-107 and 7.5 grammes per tonnes gold over 1.1 metres in hold BF-108.

The exploration programme is continuing on the four licenses and results will be released as they are received.

The following table includes the latest assay results received from drilling and trenching on the Oleninskoye gold deposit and drilling on the Nyalm gold deposit.

Kolmozero-Voronya Project Drill & Trench Results (31 August 2006)

Deposit Drill Hole Trench Depth/Length (m) Intersect (m) Gold (g/t)

Oleninskoye BF-058-14 53.8 55.8 2.0 2.29
BF-061-19 87.9 89.4 1.5 1,24
BF-061-21 90.4 91.4 1.0 2,57
BF-075-08 43.8 45.3 1.5 13.70
K-BF-091-1 1.1 2.50
K-BF-091-2 1.0 19.9
K-BF-091-3 1.0 1.09
K-BF-90-20 1.0 2.54
K-BF-90-21 1.0 3.95
K-BF-092-6 1.0 2.83
K-BF-509-8 1.3 2.44
K-BF-509-12 1.3 5.47
Nyalm BF-107-09 24.6 26.6 2.0 3.08
BF-107-035 85.0 87.0 2.0 11.20
BF-107-013 30.4 32.4 2.0 4.69
BF-107-014 32.4 34.4 2.0 0.86
BF-107-015 34.4 36.6 2.2 0.57
BF-107-016 36.6 38.6 2.0 1.36
BF-107-017 38.6 40.6 2.0 0.65
BF-107-018 40.6 42.6 2.0 1.71
BF-107-019 42.6 44.6 2.0 0.76
BF-107-029 44.6 75.0 30.4 1.50
BF-108-13 37.2 38.30 1.1 7.50

The above information has been reviewed and verified by Mr. Roger Turner, Director and Chairman of Ovoca, for the purposes of the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in March 2006. Mr. Turner, with 40 years of mining engineering, management and consulting experience, graduated as a mining engineer from the Camborne School of Mines, has an MSc degree in Economic Geology from Leicester University and is a member in good standing with the Institute of Materials, Mining and Metallurgy and a UK Chartered Engineer.

Glossary:
Pegmatite: a light coloured rock formed of coarse crystals often associated with rare metals;
Ovoca Gold Plc is an international exploration company quoted in London (OVG.L) and Dublin (OVX.IR), exploring for precious and base metals in Russia, Sweden and Ireland
For further information please visit http://www.ovocagold.com or contact:
Simon Beardsmore, Commercial Manager - Ovoca Gold Plc
Tel: +44 (0)207 397 8159
Email: simon.beardsmore@ovocagold.com Nick Bias / Alex Buck - Buck Bias (UK PR)
Tel: +44 (0)7887 920 530 / +44 (0)7932 740 452
Email: nick@buckbias.com / alex@buckbias.com
John Frain - Davy
Tel: +353 (0)1 679 6363
Email: john.frain@davy.ie Richard Chase- Ambrian (AIM Broker)
+44 (0)207 776 6461
Email: richard.chase@ambrian.com

Alles anzeigen

_____________________________

Gruss,
gutso

Schön, gell!
Nimm die Zahlen ganz rechts, das ist Au mit g/t. Dann flimmerts nicht so.

Als Begrenzung des Orebody - so sie nicht flunkern, & es nicht ein Schuss in den Ofen im Haupt-Orebody war, - ist es ok.
Wichtiger für die Finanzierung der anderen Gebiete wird wohl die Produktion in Ostsibirien ab Anfang 2009 (so der Plan) sein.
Ich meine: im seit Mai neu hinzugekommenen Silberprojekt.

Grüsse & Gute Nacht,
gutso

Schon ein paar Tage her, aber hatte ich übersehen:

Hier der Link (ist ein WORD Document).

**********************************************************

Zitat

OVOCA ANNOUNCES HIGH-GRADE SILVER INTERSECTIONS

Thursday, 02 November 2006

Ovoca Gold Plc (AIM: OVG; IEX: OVX) is pleased to announce additional drilling results from its 2006 drilling programme on the Goltsovoye Silver Deposit, in the Magadan Province of Eastern Russian.

These additional drilling results (detailed in the table below) show assays of up to 3,710 grammes per tonne of silver and, following on from the previously reported drilling results, continue to confirm the presence of a high grade silver deposit.

Commenting on these additional drilling results, Dr. Barrie Oakes, Chief Executive Officer of Ovoca Gold stated that: “The assay results from the drilling programme continue to demonstrate that Goltsovoye is one of the highest grade silver deposits in the world”.

Results to date of the 2006 Drilling Programme on the Goltsovoye Silver Deposit
The drilling programme is concentrated on 2 zones and covers an area of 2 square kilometres with the objectives of confirming previous Soviet exploration data and upgrading resources. To date 3,288 metres, in 19 holes, of drilling have been completed with assays for 6 holes received to date from a planned 3,920 metres in a 25 hole programme. This programme will be completed by the end of November.
Wardell Armstrong International is working on a Bankable Feasibility Study on the Goltsovoye Silver deposit, Ovoca Gold’s flagship project, with production planned for 2008. The drilling programme is part of this study and the results reported below are from the Zone 1 ore bodies.

Borehole
Zone 1 Interval Length Silver
From (metres) To
(metres)
(metres) Grammes per tonne Ounces per tonne
New Results
GDA-1 100.0 100.5 0.5 1,022 32.86

GDA10 81.5 83.3 1.8 874 28.1
Including 82.6 83.3 0.7 1,891 60.79

GDA-12 56.8 58.8 2.0 493 15.85

GDA-13 78.0 79.0 1.0 851 27.36

120.0 122.0 2.0 1,684 54.14

125.0 129.5 4.5 1,408 45.27
Including 126.3 127.3 1.0 3,710 119.27

128.5 129.5 1.0 1,230 39.54

Previously Reported

GDA9 39.6 43.6 4.0 2,857 91.9
Including 39.6 40.6 1.0 10,031 322.5

26.6 33.6 7.0 886 28.5
Including 26.6 27.6 1.0 1,609 51.7
Including 29.6 30.6 1.0 2,152 69.2
Including 31.8 32.6 0.8 1,201 38.6

65.5 66.5 1.0 1,335 42.9

GDA10 90.0 94.0 4.0 1,054 33.9
Including 91.5 92.5 1.0 3,942 126.7

139.3 140.5 1.2 731 23.5

GDA8 102.5 105.35 2.85 2,972 95.5
Including 102.5 104.0 1.5 1,622 52.1
Including 104.95 105.35 0.4 15,057 484.1

Core recovery is between 95% and 100%.

[Blockierte Grafik: http://www.goldseitenforum.de/images/icons/icon12.gif] The drilling results continue to confirm the presence of significant grades of silver within the main ore bodies of Zone 1. Practically all the drill hole intersections are at least 500 grammes per tonne (16 ounces per tonne) silver, higher than the minimum planned mill head grades of 300 grammes per tonne (9.6 oz. per tonne).

The above information has been reviewed and verified by Mr. Roger Turner, Director and Chairman of Ovoca, for the purposes of the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in March 2006. Mr. Turner, with 40 years of mining engineering, management and consulting experience, graduated as a mining engineer from the Camborne School of Mines, has an MSc degree in Economic Geology from Leicester University and is a member in good standing with the Institute of Materials, Mining and Metallurgy and a UK Chartered Engineer.

Glossary:

Core Recovery: Difference between the amount of core expected from the metres drilled to the measured amount expressed as a percentage

Interval: Measured length of core from top of hole along the length of the hole

Ovoca Gold Plc is an international exploration company quoted in London (OVG.L) and Dublin (OVX.IR), exploring for precious and base metals in Russia, Sweden and Ireland

For further information please visit http://www.ovocagold.com or contact:
Simon Beardsmore, Commercial Manager - Ovoca Gold Plc
Tel: +44 (0)207 397 8159
Email: simon.beardsmore@ovocagold.com Nick Bias / Alex Buck - Buck Bias (UK PR)
Tel: +44 (0)7887 920 530 / +44 (0)7932 740 452
Email: nick@buckbias.com / alex@buckbias.com

John Frain - Davy
Tel: +353 (0)1 679 6363
Email: john.frain@davy.ie Richard Chase- Ambrian (AIM Broker)
+44 (0)207 776 6461
Email: richard.chase@ambrian.com

Tom McCormack - Connexions PR
Tel:+ 353 (0)86 245 4215 + 353 (0)1 230 3015
Email: tommcc@indigo.ie

Alles anzeigen

Sind doch ganz gute Zahlen, wenn die Infos in der Form zuverlässig sind.

Kurs bei 10 BPC in London ...

Gruss,
gutso

Pdf mit Bankable Feasibility Study Phase I Report and Goltsovoye Drilling Results

Die Grades können sich sehen lassen. ...
Ist nach wie vor alles im Lot, da.

Grüsse,
gutso

Hallo Ulfur,

bei dem Silberpreis sind die mindestens das Doppelte wert, denke ich auch.
Selbst wenn man einen Risikoabschlag hinnimmt.

Wird ein feines Süppchen, hoffentlich entnehmen sie nicht das Gold / PGM District auf der Halbinsel Kola aus ihrem Portfolio, um es zu Geld zu machen ohne es weiter zu entwickeln.

Meineserachtens könnte das der eigentliche Knüller werden, wenn es ordentlich entwickelt wird.

Nastrovje!
gutso

TAKE OFF!!

Hi!

natürlich sind sie unterbewertet, was glaubst Du, weshalb ich den Thread aufgemacht habe!

Habe sie dennoch nicht mehr im Depot - wich meinem Silver Valley Focus.

- Zu Deiner Frage: Ja, ich würde das als einen Putin-Abschlag benennen.

Neben den für Anleger bei so einem Minenprojekt ohnehin immer bestehenden Risiken bezüglich der Cashburn-Situation (Dilution) ... .

Ansonsten finde ich sie nach wie vor super, - die Ergebnisse hast Du ja im Ansatz genannt.

Mir gefällt auch die Sache mit der politischen Unsicherheit bezüglich Russland nicht mehr so sehr, - Putin wird ja zunehmend ein ordinärer Schwellenland-Diktator.
Und was bei solchen Minen-Werten dann passieren kann ... haben wir in diversen anderen Exsowjetrepubliken gesehen.

Dennoch, ich denke, wenn sie nach wie vor günstig ist die nächsten Monate kann ich mir ein erneutes Einsteigen gut denken.
Übrigens habe ich sie auch immer noch im Blick, kann wie gesagt sein, dass ich dereinst mal wieder zurück in sie umschichte, aber momentan nicht, da fühle ich mich mit Sterling Mining aktuell wohler.

Gruß,
gutso