- Orosur Mining Inc. (OMI) reports moderate grades of gold and zinc during exploration activities at its flagship Anzá Project in Colombia
- Assay results from the final five holes drilled at the APTA prospect have been received
- The results reflect lower levels of gold compared to previous drilling
- However, base metals found support Orosur’s theory of a hybrid epithermal system
- The rig has now been moved to work on the Pepas and Pupino prospects
- Orosur Mining Inc. (OMI) is up 3.45 per cent trading at $0.15 per share as of 2:10 p.m. ET
Orosur Mining (OMI) has reported moderate grades of gold and zinc during exploration activities at its flagship Anzá Project in Colombia.
Assay results from the final five holes drilled at the APTA prospect have been received.
Orosur stated the results reflect lower levels of gold compared to previously drilled holes, but show some high-grade base metal results, like ones from the previous drilling. The base metals helped the company add support to its theory of a hybrid epithermal system.
According to Orosur, these outcomes are not unexpected as these holes were drilled to more clearly define the APTA environment’s structural context. At the same time, mapping, sampling, geophysics, and land access awaited to be finalized on northern prospects.
While APTA remains a highly prospective target for the company, it appears to be complex and has substantial depth beyond the capacity of the current drilling operations.
The remaining Colombian rig has been moved to the Pepas prospect at the far northern extent of the project area. The focus of the scout drilling program on the new project area is to test several targets identified through surface mapping and sampling, geophysics, and geochemistry with two drills each at Pepas and Pupino.
“APTA has been the focus of attention for Waymar, Orosur and Monte Águila since 2012 with the remaining 20 kilometres of strike of the Aragon Fault tantalisingly out of reach… We await with some anticipation the results of recent drilling at Pepas and Pupino and look forward to updating shareholders shortly,” Brad George, CEO of Orosur, said.
Orosur Mining Inc. (OMI) is up 3.45 per cent trading at $0.15 per share as of 2:10 p.m. ET.