LONDON (ShareCast) - (ShareCast News) - Precious metals exploration company Orogen Gold announced on Thursday that it has signed a drilling contract for an initial programme of reverse circulation drill testing on Galileo Resources' Silverton property in Nevada, United States.
The AIM-traded firm has the right to earn a majority interest in the property under the terms of an earn-in agreement with Galileo, which was first announced on 27 June.

It said the 1,200m drilling programme was set to commence, with inclined drill holes planned to test the 100m wide Silverton Fault system at depth for economic vein, stockwork and disseminated gold and silver deposits.

Earlier holes yielded several mineralised intervals ranging 1-5g/t Au and 100-600g/t Ag, with historic silver-gold mining activity having taken place on the Silverton Fault.

Drilling was also planned on a structural junction on the east of the property with nearby intercepts up to 3.6g/t Au over 4.6m and 1.05g/t Au over 15.2m including 2.7g/t over 4.6m.

"Orogen will focus on the potential for deeper high grade feeder zones to the widespread gold and silver mineralisation occurring throughout much of the Silverton project area," said operations director Ed Slowey.

"We have identified two strong targets for immediate drilling which we believe were not adequately tested by historic exploration work.

"We are excited to get the drilling programme up and running on this exceptionally gold-endowed property."

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