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Orosur Mining Inc Announces Results for First Quarter Ended August 31, 2022
Orosur Mining Inc. Results for First Quarter ended August 31, 2022 LONDON, UK / ACCESSWI...
About this update from Orosur Mining Inc.
[{"type":"text","content":"Orosur Mining Inc Announces Results for First Quarter Ended August 31, 2022Orosur Mining Inc. Results for First Quarter ended August 31, 2022LONDON, UK / ACCESSWIRE / October 31, 2022 / Orosur Mining Inc. (\"Orosur\" or \"the Company\") (TSXV:OMI)(AIM:OMI) announces its unaudited results for the quarter ended August 31, 2022. All dollar figures are stated in US$ unless otherwise noted. The unaudited condensed financial statements of the Company for the quarter ended August 31, 2022 and the related management's discussion and analysis (\"MD&A\") have been filed and are available for review on the SEDAR website at www.sedar.com and 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/5732E_1-2022-10-30.pdfA link to the PDF version of the MD&A is available here:http://www.rns-pdf.londonstockexchange.com/rns/5732E_2-2022-10-30.pdfHighlightsColombia· On June 27, 2022, assay results from five additional holes in APTA were announced. Reasonable grades of gold were intercepted in two of the holes and the other holes showed lower levels of gold but high-grade copper and zinc evident at depth. As planned, drilling focus was then shifted to Pepas and Pupino.· On September 6, 2022, subsequent to the quarter end, the Company announced assay results from the Pepas prospect to the north of Anza, including assay results from PEP001 which returned a substantial, high-grade intersection of 150.9m @ 3.00g/t Au (from surface). Also announced on that day, was that Monte Aguila had informed the Company that it had met its expenditure of US$4m for the year.· On September 9, 2022, the Company that announced that its JV partner, Monte Águila, provided the Company with a Phase 1 Earn-In Notice, having completed all of the Phase 1 obligations, including investing US$10 million in the Anza Project. The Company and Monte Aguila will begin the process of forming a new mining company (\"Mining Company\") that will hold title to the Anza Project's concessions and applications. The Company was also notified by Monte Aguila that in accordance with the Exploration Agreement, it will enter Phase 2 following negotiation and execution of a joint venture agreement to govern the operations of the Mining Company. Once the Mining Compan...