Ovoca Gold Plc.
Ovoca Gold Plc.: Extension of Exploration Licence
Ovoca Gold Plc. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Extension of Exploration Licence Ovoca is pleased to announce that it has received formal approval from the Russian Sub-Soil Agency (Rosedra) for a 3 year extension of the exploration license over the Kolmozero-Voronye property (Licence No. MUR 12188 BP). The licence, save where an additional extension is granted, will expire on 15 July 2011. The licence area incorporates the Oleninskoe, the Nyalm and the Leshaya gold deposits and the significant molybdenum-copper Pellapakh deposit. Ovoca has recently announcement drilling results in respect of the Pellapakh deposit where it is currently undertaking a 5,500 metre core drilling programme. The Kolmozero-Voronye property is located in the central part of Kola Peninsula approximately 50 kilometres from the Serebryanskay hydropower station, 80 kilometres from the Revda railway station and 160 kilometres from Murmansk sea-port. Ovoca Gold plc is an international exploration company with a listing in London (OVG.L), Frankfurt (FFM:OVX) and Ireland (OVX.IR) exploring for precious and base metals in Russia. 03.03.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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