Profile

Ortac Resources Limited, together with its subsidiaries, engages in the identification, evaluation, acquisition, and development of natural resource projects. It explores for gold, silver, and copper deposits. The company primarily holds 100% interest in the Sturec Project located in central Slovakia. Ortac Resources Limited is based in Road Town, the British Virgin Islands.

Properties

Lutila Exploration Licence:
The Lutila Licence is 64.83sq km and is located immediately to the south of the Kremnica licence. It has not yet been explored in detail but shows prospectivity for a new bonanza style Au/Ag mineralisation.

The Licence is situated on the northwest portion of the Carpathian Metallogenic belt, a prolific mineral region known for historic metal mining. Lutila itself lies directly between the Kremnica deposit to the north and the Banska Stiavnica orefield to the south.

The geothermal systems of the type identified at Lutila are renowned for their potential for bonanza style epithermal Au/Ag mineralisation at some depth beneath the palaeolandsurface.

The Kremnica Deposit is thought to have formed from hydrothermal fluids brought in by rhyolitic dykes. Gold deposition was a result of boiling of the hydrothermal fluids at 200m below the palaeolandsurface. The rhyolites of the Lutila Licence are coeval with those at Kremnica and the flow-dome structures exposed on-surface are rooted in rhyolite dykes at depth.

Exploration completed to date has been largely for bentonite, mostly to 40 metres below the palaeolandsurface.

Soil geochemistry shows focused anomalism in the gold-pathfinder elements typically associated with epithermal gold, namely As, Sb, Hg and TI.

Licence-wide mapping can define the main exhalative centres and hydrothermal pathways. Historical records indicate the presence of gold mineralisation in the Heritage Adit running underneath the Lutila Licence, at the depth beneath the palaeolandsurface predicted by the exploration model.

Zamsort Limited:
The Zamsort licenses are located in north west Zambia, 800km from Lusaka and 200km from Solwezi. The Small-Scale Mining Licence (SML) has estimated oxide resource of 16.59Mt @ 0.94% copper equivalent (non-JORC). The large prospecting license (LPL) covers an area of approximately 995km2 and is owned 100% by Zamsort. The current LPL encompasses 7 of the top 10 high priority exploration targets identified through the JV prior to Anglo American exiting the country in 2001.

The license area is prospective for copper and cobalt. In addition, nickel and molybdenum have been reported in the historical work conducted in this area. On the east side of the Kabompo Dome lies the Kalumbila prospect (First Quantum’s Enterprise and Sentinal mine development projects) and further to the east are Barricks’s Lumwana mine and First Quantum’s Kansanshi mine, which together contribute more than 80% of Zambia’s copper production.

The licenses are located on the north western trending arm of the Lufilian arc, an orogenic belt stretching from Angola through DRC and Zambia. All known copper and cobalt deposits in Zambia and DRC lie within this belt.

The large prospecting license (LPL) covers an area of approximately 995km2 and is owned 100% by Zamsort.

Office Address

Craigmuir Chambers
Road Town
Tortola
British Virgin Islands
VG 1110

www.ortacresources.com/

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