Oro Verde Drilling at Topacio Gold Project

THE DRILL SERGEANT: Oro Verde (ASX: OVL) has commenced a diamond drilling program at the company’s Topacio gold project, located in southeastern Nicaragua.

Oro Verde said the initial program entails seven diamond holes incorporating approximately 1,650 metres and will focus on key locations identified along the Rebeca Vein, where the company has interpreted a strike length of at least three kilometres it considers to have potential to contain a multi-million-ounce gold deposit.

The company explained the drilling is part of the second year of a Farm-In Agreement with Newcrest International Pty Ltd, a wholly-owned subsidiary of Newcrest Mining (ASX: NCM) that was executed at the end of November 2015.

“We are extremely excited to have commenced our first drilling program in Nicaragua,” Oro Verde managing director Trevor Woolfe said in the company’s announcement to the Australian Securities Exchange.

This is the culmination of a detailed exploration program that identified a number of high-quality targets.

“Drilling of the Rebeca Vein will test the potential for a new, large, low sulphidation epithermal gold system.”

Website: www.oroverde.com.au