Ortac Resources Ltd (OTC)

 

Ortac Resources agrees Slovakia JV

Ortac Resources has agreed to form a JV with a Slovakian company to jointly develop the Sturec Gold Project at Kremnica.

The Sturec project had a reserve of just under 900,000 oz gold equivalent, which had progressed to pre-feasibility stage.

Meanwhile, the process for final validation of the underground mining license as announced on 17 March 2017 continued on track, said Ortac.

Further details of the JV would be published when it was formalised in a legally binding contract.