OGX 0.00% 0.3¢ orinoco gold limited

Ann: Bonanza Gold Grades Continue at Cascavel, page-129

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    INSIDERS

    We have had an update today from 'Blowie' on the state of play with his OGX insight from a day or so ago.
    Looks like the latest results have sent the shares into hyperdrive. Always good to see the words 'bonanza' in a gold assay result.
    Another great insight from one of our insiders. Looks like more to come in this one. We wrote up 'Blowie's' comments on the stock last Thursday at around 7.6c. Yesterday the stock rallied to 8.9c, so looking good 'Blowie'.
    From our OGX expert.
    OGX Update:
    "Great Cascavel Operational Update Bonanza Gold Grades Continue at Cascavel • Orinoco´s `Back to Basics` approach delivers further Bonanza grades. • 6 batches returned grades of 40.74, 31.85, 30.45, 27.58, 16.71, 8.31 g/t from pilot hammer mills. • Average processed grade of 35 samples have returned 36.17 g/t. • Large hammer mill Installed and will mill high grade ore this week. • Panel sampling of Cuca completed. • Mestre Access and Mestre Decline link completed. • Production Ramp up underway with new mining methods concentrating on ore vein. • 2nd LHD on route to Brazil. • Significant cost reductions. Orinoco Gold Limited (ASX: OGX) (Orinoco or the Company) is pleased to announce a fifth batch of outstanding results from the Mestre zone of Cascavel. The average recovered grade of the 6 batches processed is 25.91 g/t (Table 1). This takes the total number of batches processed to 35, for a total average grade of 36,17g/t. (Table 2). Back to Basic High-Grade Mining and Milling This latest batch of 6 samples totalling 9.25 tonnes, averaged 25.91 g/t see (table 1). The more we discover from both assay results and processing our high-grade ore through the hammer mill is that our 'Back to Basics' approach is proving we are taking strides forward and that we are ticking the correct boxes."

    'Blowie' holds the stock and finishes with his optimism that new management installed in December 2017 is on the right track. Sure seems like it.
 
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