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Orosur Mining Falls In UK Trade On Latest Assays From Anza Project

MT Newswires ·  {{timeTz}}

07:47 AM EDT, 06/27/2022 (MT Newswires) -- Orosur Mining Inc. (OMI.V) said Monday that the latest assays from the APTA prospect at its flagship Anza project in Colombia reflect lower levels of gold anomalism but high-grade zinc and copper evident at depth, beyond the capacity of the existing rig fleet.

Orosur, which lost 10.0% at last look in UK trading, said the results were not unexpected as these holes were drilled to better define the geological and structural context of the prospect while it awaited mapping, sampling, geophysics and land access to be finalized on the northern prospects.

Assays results include 4.85 meters at 0.51 g/t gold, 1.24 g/t silver and 0.16% zinc; and 0.75 meters at 3.30 g/t gold, 0.86 g/t silver and 0.14% zinc.

Orosur ceased drilling at APTA in late March and mobilized the remaining rig to the Pepas prospect at the northern part of the project area.

Exploration work at Anza is controlled by Orosur's joint venture partner Minera Monte Aguila SAS, a 50/50 joint venture between Newmont Corp. (NEM.TO) and Agnico Eagle Mines Ltd. (AEM.TO).

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