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Orosur Mining Inc Announces Third Quarter Results for 2020/21
LONDON, UK / ACCESSWIRE / April 14, 2021 / Orosur Mining Inc. ("Orosur" or "the Company") (...
About this update from Orosur Mining Inc.
[{"type":"text","content":"Orosur Mining Inc Announces Third Quarter Results for 2020/21LONDON, UK / ACCESSWIRE / April 14, 2021 / Orosur Mining Inc. (\"Orosur\" or \"the Company\") (TSX:OMI)(AIM:OMI), a South American-focused gold developer and explorer, is pleased to announce the results for the third quarter ended February 28, 2021 (\"Q3 21\" or the \"Quarter\"). All dollar figures are stated in US$ unless otherwise noted. The unaudited condensed financial statements of the Company for the quarter ended February 28, 2021 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/3651V_1-2021-4-13.pdfHighlights of the Third Quarter Results for 2020/21ColombiaOn 30th September 2020, Newmont Corporation (\"Newmont\"), entered into a Joint Venture (\"JV\") with Agnico Eagle Mines Limited (\"Agnico\") whereby the two companies will jointly assume and advance Newmont's prior rights and obligations with respect to the Anzá Project in Colombia on a 50:50 basis, with Agnico as operator of the JV. Agnico's and Newmont's JV vehicle was renamed Minera Monte Aguila.Following receipt of exploration funds from its JV partner Minera Monte Aquila, Minera Anzá began the process of re-establishing its field camp at the Anzá project in readiness for commencement of field operations. A substantial team of geoscientists and support staff were recruited to manage the work.Drilling operations commenced on 15th November 2020 with a total of 2,994.7m drilled to the end of February 2021, with 2,762m completed during the quarter.Two announcements were made relating to assay results from the ongoing drilling campaign - on 25th January 2021 and 22nd February 2021. Key intersections included:MAP-072 4.1m @ 6.52g/t Au, 29.73g/t Ag and 0.28% Zn from 108m.5.90m @ 4.55g/t Au, 2.74g/t Ag and 0.30% Zn from 171.1m, and70.50m @ 3.53g/t Au, 9.33g/t Ag and 1.62% Zn from 184.80mMAP-073 21.60m @ 6.02g/t Au, 6.02g/t Ag and 3.23 %Zn from 271.75mMAP-074 5.20m @ 1.17g/t Au 4.97g/t Ag and 3.02% Zn from 195.40mMAP-075 19.85m @ 0.90g/t Au 2.17 g/t Ag and 6.46% Zn from 226.15mMAP-076 12.25m @ 5.39g/t Au, 1.65 g/t Ag and 0.18 % Zn...