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Orosur Mining Inc Announces Third Quarter Results for 2021/22
LONDON, UK / ACCESSWIRE / April 29, 2022 / Orosur Mining Inc. ("Orosur" or "the Company") (TS...
About this update from Meridian Mining Plc
[{"type":"text","content":"Orosur Mining Inc Announces Third Quarter Results for 2021/22LONDON, UK / ACCESSWIRE / April 29, 2022 / Orosur Mining Inc. (\"Orosur\" or \"the Company\") (TSX.V:OMI)(AIM:OMI), a South American-focused minerals explorer and developer, is pleased to announce the results for the third quarter ended February 28th, 2022 (\"Q3 22\" or the \"Quarter\"). All dollar figures are stated in US$ unless otherwise noted. The unaudited condensed interim financial statements of the Company for the Quarter and the related management's discussion and analysis have been filed and are available for review on the SEDAR website at www.sedar.com. They are also available on the Company's website at www.orosur.ca.A link to the PDF version of the financial statements is available here:http://www.rns-pdf.londonstockexchange.com/rns/7831J_1-2022-4-28.pdfA link to the PDF version of the MDA is available here:http://www.rns-pdf.londonstockexchange.com/rns/7831J_2-2022-4-28.pdfHighlights of the Third Quarter Results for 2021/22Colombia· Post the period end, on March 8th,2022, the Company reported the results of assays from four additional holes - MAP- 097, 098, 099, 100.The holes encountered high grade gold intersections - 6.06m @ 2.72g/t Au, 14.2m @ 1.84 g/t Au, 8.35m @ 14.27 g/t Au, and 59.15m @ 0.91 g/t Au and included a potential new area at depth in Anza. In addition, it was reported that plans and permitting were being advanced for drilling new targets. That drilling activity has recently commenced.Brazil· On January 14th, 2022 the Company announced that it had signed a Joint Venture (\"JV\") agreement with Meridian Mining UK Societas (\"Meridian\") (TSX.V:MNO) in relation to the Ariquemes tin project (\"Project\") in the State of Rondonia, western Brazil. The Project comprises a large collection of granted tenements and applications, totalling almost 3,000km2. The licenses were all accumulated and are wholly owned by Meridian's local subsidiary and represent the dominant land position in the Rondônia Tin Province, one of the world's most significant tin regions. Under the JV terms, the Company can earn an equity interest of 75% in the Project by spending US$3m over a four-year period, in two phases: Phase 1 - earn 51% interest by spending US$1 million over a 24-month period; Phase 2 - earn an additional 24% interest by spending US$2 mill...