Orinoco Gold to ramp up production in Q1 2018

Company News

by Jessica Ellerm


Orinoco Gold Limited (ASX:OGX) has isolated 4 new high grade gold samples that demonstrate the continued potential of its Cascavel mine in Latin America.

The results are part of the gold miner’s ‘Back to Basics’ approach, which has already isolated another 11 samples with an average grade of 38.9 g/t.

The gold miner has indicated it will initiate an aggressive ramp-up in production in the Q1 of 2018.

A study is also now underway to open up the neighboring Cuca zone.

Shares in Orinoco Gold Limited (ASX:OGX) last traded at $0.02.
 

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.