Ortac Resources Limited Mining Bureau Ratifies Underground Mining Permit (8056I)
June 22 2017 - 1:00AM
UK Regulatory
TIDMOTC
RNS Number : 8056I
Ortac Resources Limited
22 June 2017
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining
& Exploration
22 June 2017
ORTAC RESOURCES LTD
("ORTAC" OR THE "COMPANY")
Mining Bureau Ratifies Underground Mining Permit
Ortac Resources Ltd ("Ortac"), the AIM listed exploration and
mine development company operating in Europe and Africa, is pleased
to report that its subsidiary in Slovakia, Ortac s.r.o. the
developer of the Sturec Gold Project, has received the final
decision from the Main Mining Bureau, that confirms that the
underground mining permit will be re-issued.
Vassilios Carellas, Ortac's CEO, commented:
"Following on from previous announcements, the Company was
required to allow a period of time for the decision to re-issue the
underground mining permit to be considered by all stakeholders.
This final decision by the Main Mining Bureau now means underground
activities can shortly re-commence at Sturec when the decision
comes into force."
Market Abuse Regulation ("MAR") Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Contacts
Ortac Resources Ltd +44 (0) 20
Vassilios Carellas (CEO) 3874 8664
SP Angel (Nominated Adviser
& Broker) +44 (0) 20
Ewan Leggat / Lindsay Mair 3470 0470
Celicourt Communications (PR) +44 (0) 20
Mark Antelme / Jimmy Lea 7520 9261
About Ortac
Ortac Resources Limited is an AIM listed exploration and mine
development company focused on a diversified portfolio of mining
projects with interests in Slovakia, Eritrea, the Democratic
Republic of Congo and Zambia.
In addition to its 100% holding in the Kremnica Mining Licence
Area in Slovakia, Ortac also holds an 18.48% interest in Andiamo
Exploration Limited, a private company exploring for resources in
Eritrea; a convertible in Zamsort Limited, a private company
located in Zambia, which is convertible into a 19.35% interest; and
a convertible in CASA Mining Ltd, a private gold mine development
company advancing the large-scale Misisi Gold Project in the
Democratic Republic of the Congo, which is convertible into a 45%
interest.
For more information visit www.ortacresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
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