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Orosur Mining Inc Announces Results for First Quarter ended August 31, 2023
LONDON, UK / ACCESSWIRE / October 30, 2023 / Orosur Mining Inc. ("Orosur" or "the Company") (TSX...
About this update from Orosur Mining Inc.
[{"type":"text","content":"Orosur Mining Inc Announces Results for First Quarter ended August 31, 2023LONDON, UK / ACCESSWIRE / October 30, 2023 / Orosur Mining Inc. (\"Orosur\" or \"the Company\") (TSX-V:OMI)(AIM:OMI) the minerals developer and explorer with operations in Colombia, Argentina, Nigeria and Brazil announces its unaudited results for the quarter ended August 31, 2023. All dollar figures are stated in US$ unless otherwise noted. The unaudited condensed interim financial statements of the Company for the quarter ended August 31, 2023 and the related management's discussion and analysis (\"MD&A\") have been filed and are available for review on the SEDAR+ website at www.sedarplus.ca. The financial statements and the MD&A 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/6121R_2-2023-10-27.pdfA link to the PDF version of the MD&A is available here: http://www.rns-pdf.londonstockexchange.com/rns/6121R_1-2023-10-27.pdfHIGHLIGHTSIn Colombia, negotiations continued with Monte Aguila on the shareholders agreement which will govern the new mining company to be owned 51% by Monte Agulia and 49% by Orosur. These discussions have continued post the period end. Whilst exploration activities have been wound back, some mapping and surface sampling has been carried out; a variety of licence processes, such as the integration of smaller licences have been advanced; and Monte Aguila has continued to fund the promotion of relationships with local community groups to strengthen the social licence to operate the Project. In Brazil, on July 5, 2023, the Company announced that given the success of the regional stream sediment program performed across the Company's Ariquemes district, it had decided to move to the next phase which has targeted two prospects at Oriente Novo (in the east of the Company's tenements) and at Paraiso in the west and to the north of the Bom Futuro tin mine. Sampling was performed during July and August and assays are expected imminently. In Argentina, on May 4, 2023 the Company announced that mapping and ground magnetic surveys at El Pantano had identified a major NW-SE structural corridor over 20km long and 5km wide, with large areas of silicification, alteration and geochemical anomalism over exte...