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TPI provides its latest research note on Orosur Mining Inc. (OMI.L).

Orosur has provided a further update on the progress of Minera Anzá’s drilling campaign that is currently underway on its Anzá project in Colombia.

Following last month’s addition of a third rig, diamond drill holes MAP-073, 074, 075 and 076 were completed during December 2020 and January 2021. Drilled on three sections, these holes returned high-grade gold intersections, including 21.6m @ 6.02g/t Au, 12.25m @ 5.39g/t Au and 4.35m @ 2.53g/t Au, as well as high grade zinc intersections, including 19.85m @ 6.46% Zn.

While assisting in addressing several of the discovery’s key structural questions, the uncovering of wide intersections of high-grade zinc added further weight to the concept of its mineralisation being a polymetallic Volcanogenic Massive Sulphide (‘VMS’) model.

With the preliminary 2,300m drill program now largely completed, valuable guidance has been gained with respect to the nature and distribution of the mineralisation at APTA that will allow future drilling to be more efficiently targeted. In the light of this, a decision has been taken to move into the next phase with a 7,000m program for which a fourth diamond drill rig will also be mobilised to site in the coming days.
 

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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 © 2021 Turner Pope Investments (TPI) Limited, all rights reserved.


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