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Orosur Mining Announces Update on Progress of Exploration Activities at Glagship Anzá Project in Colombia
Assays from first drill three diamond drill holes at Pepas prospect, in the north of the Anzá Project - PEP001, PEP002 and PEP003 Assay results from PEP001 have
About this update from Orosur Mining Inc.
[{"type":"text","content":" Assays from first drill three diamond drill holes at Pepas prospect, in the north of the Anzá Project - PEP001, PEP002 and PEP003 Assay results from PEP001 have returned a substantial, high-grade gold intersection of 150.90m @ 3.00g/t Au (from surface). Additional holes are currently underway across Pepas and Pupino prospects. The Company's JV partner, Minera Monte Águila has informed the Company that it has met its expenditure commitment of US$4million for the current JV year. LONDON, UK / ACCESSWIRE / September 6, 2022 / Orosur Mining Inc. (\"Orosur\" or the \"Company\") (TSXV:OMI) (AIM:OMI), is pleased to announce an update on the progress of exploration activities at the Company's flagship Anzá Project (\"Project\") in Colombia. The Project is the subject of an Exploration Agreement with Venture Option (\"Exploration Agreement\") with Colombian company Minera Monte Águila (\"MMA\"). MMA is itself a 50/50 JV between Newmont Corporation (\"Newmont\") (NYSE:NEM, TSX:NEM) and Agnico Eagle Mines Limited (\"Agnico\") (TSX:AEM), and is the Colombian vehicle by which these two companies jointly exercise their rights and obligations with respect to the Exploration Agreement over the Project. MMA is the operator of the Project after exercising its right to assume operational control in the second half of 2021. Assay Results Assay results for the first three diamond drill holes (PEP001, 002, 003) at the new Pepas prospect have been received. The Pepas prospect is the most northern prospect of the Project, approximately 12 kilometres north northeast of the central APTA prospect, where most drilling has been historically focussed to date. Key intersections are noted below. Hole Number From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Zn (%) PEP001 0.00 150.90 150.90 3.00 3.16 0.15 including 34.45 136.85 102.40 3.73 2.27 0.15 PEP002 0.00 37.25 37.25 0.54 0.55 0.06 PEP003 23.40 55.95 32.55 0.61 1.2 0.01 PEP003 82.85 89.40 6.55 0.65 3.92 0.01 PEP003 91.80 96.00 4.20 1.30 1.23 - PEP003 120.50 123.40 2.90 0.89 4.66 0.08 PEP003 252.05 261.25 9.20 0.74 0.64 0.05 Table 1. Drill Intercepts. Geology and Drilling Drilling activities commenced at Pepas in April 2022, and at the nearby Pupino prospect soon afterward. Three diamond drill rigs are currently operating at Pepas with one at Pupino. Nine holes have been completed, attempted or are underway a...