Further to the completion of an oversubscribed c.£4.0m (gross) placing on 30 November 2020, Orosur has today announced a new appointment to the Board, while also providing a drilling update at its Anzá project (‘the Project’).
Given the increasing number of corporate activities being undertaken, the Company’s Non-Executive Chairman, Mr Louis Castro, will now move up to the role of Executive Chairman.
In tandem with this, Mr. Nicholas von Schirnding, an individual with over 25 years’ experience in mining and natural resources, is joining as an Independent Non-Executive Director under which he will discharge, amongst other things, a number of Mr Castro’s duties and responsibilities. In updating investors also with respect to the Project’s drilling progress, the Board noted that although some drill samples were delivered to ALS Global during December, the minerals testing laboratory responsible for its assay analysis is presently experiencing COVID-19 related staff shortages which, in turn are hindering its normally rapid turnaround times.
Accordingly, results from the first hole are now expected to be available by the end of this month, rather than imminently, but will be communicated as soon as they become available.
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