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Orosur Mining Inc Announces El Pantano, Argentina Update
Positive Results From Follow Up Soil Sampling Program at El Pantano Confirms Previous Work. ...
About this update from Orosur Mining Inc.
[{"type":"text","content":"Orosur Mining Inc Announces El Pantano, Argentina UpdatePositive Results From Follow Up Soil Sampling Program at El Pantano Confirms Previous Work.High Level Gold in Soils Anomaly Over 1km, Plus Pathfinder Elements Over Wider Area, Suggestive of a Major Epithermal System.LONDON, UK / ACCESSWIRE / June 28, 2022 / Orosur Mining Inc. (\"Orosur\" or the \"Company\") (TSXV:OMI)(AIM:OMI), is pleased to announce positive assay results from a follow up soil sampling program at the La Esfinge prospect at El Pantano, Santa Cruz Province, Argentina.For the full PDF version of the announcement with Figures 1-5 included, please refer to: http://www.rns-pdf.londonstockexchange.com/rns/3737Q_1-2022-6-27.pdfAs announced on May 3rd, 2022, field teams had returned to El Pantano to complete a short infill program designed to add more detail to the positive soil sampling results from the first pass reconnaissance program undertaken in March 2022.13 additional soil sampling lines were completed across the western section of La Esfinge (Figure 4) and have returned highly anomalous results, with gold in soil results up to 152ppb Au.Figure 1. Gold (Au) in soilsThese results are highly encouraging in both scale and composition. A geochemical anomaly has now been defined in detailed over a strike length in excess of 1km (Figure 1), but open to both east and west. This anomaly is also evident in a range of additional pathfinder elements, such as would be expected from a substantial epithermal system.This work has now defined a high priority exploration target which will be followed up after the winter recess which is expected to last until early September.El PantanoThe El Pantano project (\"Project\") is subject to an Exploration & Joint Venture agreement (\"Agreement\") with private Argentinean company DESEADO DORADO S.A.S and its shareholders (\"Deseado\").The general terms of the Agreement allow for the Company to earn 100% equity in the Project by investing US$3m over five years in two phases:Phase 1, earn 51% by investing US$1m over an initial 3-year period.Phase 2, move to 100% ownership by investing an additional US$2m over a subsequent 2-year period and granting Deseado a residual 2% net smelter return royalty on the Project.Figure 2. Regional LocationFigure 3. LicencesSurveyThis second pass program entailed 13 additional geochemical survey li...