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Highlights:
- Orosur Mining reports a significant gold intersection of 75.1 meters at 5.58 g/t from surface at the Anzá Project.
- Drilling confirms geological trends and thick zones of mineralisation at the Pepas Prospect.
- Shares rise 12% as the company advances exploration in Colombia.
Orosur Mining Inc (LSE:OMI, TSX-V:OMI) has reported a strong set of drilling results from its fully owned Anzá Project in Colombia, leading to a 12% surge in its share price. The results highlight a major gold discovery at the Pepas Prospect, adding momentum to the company’s exploration program.
Significant Gold Intersections
The latest assay from drill hole PEP014 revealed a standout composite intersection of 75.1 meters grading 5.58 grams per tonne (g/t) gold, starting from surface. Within this interval, high-grade sections were reported, including 13.95 meters grading 13.68 g/t gold. These results indicate the presence of substantial and continuous mineralisation at the Pepas Prospect.
Advancing Exploration at Pepas
Drilling at Pepas has confirmed key geological trends and intersected thick mineralised zones, suggesting the potential for significant gold resources. These findings align with earlier exploration data, bolstering the confidence in the project's geology and the potential for expanding its resource base.
Brad George, CEO of Orosur Mining, commented on the progress: “These results represent an important step toward understanding the full potential of the Anzá Project. The high grades and substantial widths highlight the strong opportunity at Pepas.”
Strategic Location and Infrastructure
Situated near Medellín, Colombia, the Anzá Project benefits from proximity to robust infrastructure, including road access and supportive local communities. This strategic location allows Orosur to efficiently advance its drilling activities and explore the full extent of the mineralisation.
Ongoing Exploration Efforts
Orosur Mining continues its drilling program at the Anzá Project, with further assays expected as exploration progresses. The company is working to delineate the mineralisation further and identify additional targets within the broader project area.
Market Reaction
The announcement of these promising results led to a 12% rise in Orosur’s share price, with shares trading at 7.76p in early trading. The market response underscores growing confidence in the company’s strategy and the potential of the Anzá Project to deliver significant value.
Outlook
As exploration at the Pepas Prospect advances, Orosur Mining is well-positioned to unlock the potential of the Anzá Project. With high-grade discoveries and ongoing efforts to expand mineralisation, the project marks a key milestone in the company’s growth trajectory. Further drilling updates are anticipated, keeping the project firmly in focus for stakeholders and the wider mining sector.
