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Orosur Mining lifted by latest drilling results from the Anzá project in Colombia

Geological interpretation of hole MAP_70 opens up a new set of opportunities at the southern part of the APTA target, where such an interpretation was previously not established

Drilling for gold
Notable results to date from new drilling includes 20 intercepts from 4 diamond core drill holes focused on expansion drilling at the APTA deposit

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.

Quick facts: Orosur Mining Inc

Price: 2.9 GBX

AIM:OMI
Market: AIM
Market Cap: £4.36 m
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