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Orosur Mining Inc Announces Full Year 2023 Results

Orosur Mining Inc . - Full Year 2023 Results LONDON, UK / ACCESSWIRE / September 29, 2023 / ...

articleOrosur Mining Inc.September 29, 20234/news/orosur-mining-inc-announces-full-year-2023-results
Orosur Mining Inc Announces Full Year 2023 Results

About this update from Orosur Mining Inc.

Orosur Mining Inc Announces Full Year 2023 ResultsOrosur Mining Inc. - Full Year 2023 ResultsLONDON, UK / ACCESSWIRE / September 29, 2023 / Orosur Mining Inc. ("Orosur" or "the Company") (TSX-V:OMI)(AIM:OMI) announces its audited results for the fiscal year ended May 31, 2023. All dollar figures are stated in thousands of US$ unless otherwise noted. The audited financial statements of the Company for the year ended May 31, 2023; the related management's discussion and analysis ("MD&A"); and Forms 52-109FV1 will be filed today and be 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/1462O_1-2023-9-29.pdfA link to the PDF version of the MD&A is available here:http://www.rns-pdf.londonstockexchange.com/rns/1462O_2-2023-9-29.pdfHIGHLIGHTSColombiaOn 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, the Company announced assay results from the Pepas prospect to the north of Anzá, 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, 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 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 Anzá Project. The Company and Monte Aguila will begin the process of forming a new mining company ("Mining Company") that will hold title to the Anzá Project's concessions and applications. On October 21,2022, the Company announced assay results from four additional diamond drill holes at Pepas and Pupino. Both the Pepas and Pupino prospects are located in the northern region of the Anzá Prospect, roughly 12km and 8km respectively north northeast from the central APTA prospect that h...

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