Orogen Gold, a UK company listed on the London Stock Exchange, reports that it has raised £1.125mln through a placing to fund further drilling at its Mutsk project in southern Armenia.

Orogen has an exclusive agreement with JV partner, Georaid CJSC, to earn an 80% interest in the Mutsk project by spending a total of US$2.5 mln by the end of August 2016.

Photo: Drilling at Mutsk; Summer 2013 (Orogen Gold)