Shares in Orosur Mining Inc (LON:OMI, TSE:OMI) opened higher after the South America-focused gold producer reported new high-grade drill results from its Anzá project.
The company announced the results from the last bit of the step-out drilling programme from the APTA target at its wholly-owned Anzá project in Colombia.
READ Orosur Mining beginning to build mineralised strength in depth at Anza gold project in Colombia
The company said its geological model and understanding of the APTA target has improved and been validated by the drilling.
Drilling has extended the mineralised zone a further 95 metres down dip to a total depth of 400 metres; mineralisation remains open along strike and at depth, Orosur said.
In the southern part of the APTA target, mineralisation has been recognised at lower depths.
Notable drill intercepts from the latest drilling efforts included:
- 9.62 grams per tonne (g/t) gold over six metres
- 9.42 g/t gold over seven metres
- 23.66 g/t gold over one metre
- 5.28 g/t gold over 12 metres
More detailed drilling results are available on the Orosur web site.
“Drilling results at APTA continue to extend the mineralised area, while also remaining open along strike and at depth, resulting in a drill tested and improved geological model for follow-on drilling campaigns,” said Ignacio Salazar, the chief executive officer of Orosur.
“APTA represents only 10% of the land base of the Anzá project, which covers over 200km² and contains four additional gold targets. We are excited to be drilling Charrascala at present and look forward to testing the broader potential of our additional targets over time,” he added.
Shares in Orosur opened 4.0% higher at 7.15p in London trading.