TPI provides its latest research note on Orosur Mining Inc (AIM:OMI)

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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We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to Orosur Mining Inc.. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.

The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.

Copyright © 2022 Turner Pope Investments (TPI) Limited, all rights reserved.


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