Orosur has released assay results from four diamond drillholes at its flagship Anzá Project (‘the Project’) in Colombia.
These include a number of very positive high-grade gold intersections – 6.06m @ 2.72g/t Au, 14.2m @ 1.84 g/t Au, 8.35m @ 14.27 g/t Au, and 59.15m @ 0.91 g/t Au – which have enabled the definition of several new priority zones as well as a potential new area at depth for the prospect. Significantly also, Covid-19 has now abated in the country to the extent that field activities can be undertaken more freely, with management anticipating the restart of drill campaigns focussed on target areas.
With the Project’s operatorship hand-over to Minera Monte Águila (the JV between Newmont Corporation and Agnico Eagle Mines Limited) having been completed in late 2021, significant technical and logistical capacity has now been freed-up. Supported by a balance sheet that presently holds free cash of c.US$5m, near-term exploration at both the recently signed, high-potential, early-stage Exploration & JV projects with El Pantano Gold (in Argentina) and Ariquemes Tin Exploration (in Brazil) are expected to be internally resourced.
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