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Orosur Mining Inc.
Summary
| Project: | Anza | |
|---|---|---|
| Deposit: | Aragon-Pastorera Trend Area | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 1/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-1-2017: Orosur Mining Inc. announces a Resource Estimation report for its Aragon-Pastorera Trend Area deposit at the Anza project. Preliminary Geologic model completed for APTA at Anza project. SANTIAGO, Chile, January 19, 2017. Orosur Mining Inc. (“Or | |
| Resources: | Exploration target range: 1.6Mt - 2.3Mt @ 3.2 - 3.7g/t Au | |
| CP/QP: | [Overall Report]: Miguel Fuentealba (Not stated) | |
| ABSTRACT: | SANTIAGO, Chile, January 19, 2017. Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), the South American-focused gold producer, developer and explorer is pleased to announce an update of its exploration activities at its wholly-owned, high grade Anzá gold project (“Anza”) located in the Mid Cauca Belt in Colombia. Orosur has completed a preliminary geological model for the Aragon-Pastorera Trend Area (“APTA”) of the Anzá project, based predominantly on 17,408m of existing diamond core drilling data from 53 holes previously drilled. 3,000m of this core has been re-logged, with special attention given to the lithology, alteration suites, structural trends and grade distribution. Based on this information, a geological estimate of an exploratory gold potential of a portion of the APTA has been prepared with the assistance of Mine Development Associates (“MDA”) of Reno, Nevada. The resulting potential ranges between 1.6 M - 2.3 M tonnes averaging between 3.2 - 3.7g/t Au. This estimate is based on current drilling and is expected to grow as future exploration drilling is conducted. The Company believes that the mineralized zones in the APTA continue, both at depth and at the surface, to the north and south of the limited area which has been analysed to date and included in the preliminary model. As such, there is the potential for a much larger resource base to be identified. | |
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