Colombia Developments are Communicated by Orosur Mining Inc

October 22, 2024 08:04 AM BST | By Team Kalkine Media
 Colombia Developments are Communicated by Orosur Mining Inc
Image source: Shutterstock

Highlights:

  • High-grade rock chip, channel, and soil samples from the Pepas Prospect significantly enhance the region's exploration potential.

  • Historical sampling at the El Cedro and El Roble prospects indicates a promising porphyry system, prompting further investigation.

  • Orosur Mining Inc. is progressing towards regaining 100% ownership of the Anzá Project, with plans for future drilling in the Pepas area.

Orosur Mining Inc. (LSE:OMI) has provided an update on exploration activities at its Anzá Project in Colombia, emphasizing the prospectivity of the Pepas Prospect and historical data from El Cedro and El Roble. The project, located in the Mid-Cauca belt approximately 50 km west of Medellin, encompasses several exploration licenses, which may expand as the company concludes its Share Purchase Agreement (SPA) to regain full ownership.

Fieldwork at the Pepas Prospect, initiated in late 2021, identified a small but promising area of altered tuffs and volcanic rocks. Extensive mapping and sampling revealed numerous high-grade gold results, with some assays exceeding several grams per tonne. Notably, channel sampling of a silicified tuff outcrop returned assay values as high as 95.5 g/t Au, and drilling results from hole PEP-001 showed a composite intersection of 150.90 meters with significant gold mineralization.

In 2024, geological teams conducted further detailed sampling and mapping of the Pepas site, identifying high-grade mineralization over a broad area and uncovering two abandoned artisanal mining tunnels. Channel sampling from these tunnels produced assay results up to 195 g/t Au, reinforcing the area’s potential for significant gold deposits.

In parallel, exploration at the El Cedro and El Roble prospects indicates the presence of a possibly interconnected porphyry system, with extensive quartz veining and highly anomalous gold values. Following the completion of the SPA, Orosur plans to mobilize teams for more detailed geological mapping to define drill locations.

Orosur's CEO, Brad George, highlighted the project’s considerable potential, particularly at the Pepas Prospect, and indicated plans for upcoming drilling activities.

 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next