Orosur Mining Inc. (AIM: OMI) has provided an update on its exploration progress, confirming that resource modelling and the preparation of an NI 43-101 report for the Pepas prospect are now underway.
Recent drilling continues to underline the scale of the opportunity, with hole PEP067 delivering a standout intercept of 83.7 metres at 4.29 g/t gold from surface.
At the El Pantano project in Argentina, initial drilling has successfully identified a low-sulphidation epithermal mineral system, with assay results still pending. The company said it remains on track to deliver a Mineral Resource Estimate for Pepas in January 2026.
Pepas MRE drilling near completion
Drilling at El Pantano in Argentina hits mineral system
· Assays for five holes from the Pepas resource drilling program, including:
o PEP067 – 83.7m @ 4.29g/t Au from surface
· Resource modelling and NI43-101 report process under way
· First holes from El Pantano drilling program confirm a low sulphidation epithermal mineral system – awaiting assays.
Orosur CEO Brad George commented:
“Pepas is now in the final mile of its MRE process and the pieces are coming together for a January report. In the meantime, we are lining up targets for when the rig is freed up later in December. Drilling at El Pantano, as with any undrilled project, was high risk, but we have hit what we hoped to hit – a previously unknown mineral system. Now we need to focus in, and given the scale of the system, that is a challenge….but a good challenge”.
