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Orosur Mining Inc.
Summary
| Project: | San Gregorio | |
|---|---|---|
| Deposit: | San Gregorio | |
| Location: | Uruguay | |
| Commodities: | Gold | |
| Date: | 10/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-10-2016: Orosur Mining Inc. announces an Exploration/Drilling Update report for its San Gregorio deposit at the San Gregorio project. Drilling results incl. 16.4m @ 5.53g/t Au from 92.7m at SGC UG. SANTIAGO, Chile, October 12th , 2016. Orosur Mining In | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Miguel Fuentealba (Not stated) | |
| ABSTRACT: | SANTIAGO, Chile, October 12th , 2016. 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 and development activities in Uruguay and Colombia. Ignacio Salazar, CEO of Orosur, said: “We are pleased to be able to report such a positive exploration and development update across our portfolio of gold assets in Uruguay and Colombia. Thanks to our operational performance, positive operating cash flow and the further strengthening of the gold price this year, the Company resumed more active and aggressive exploration work earlier in the year. Development at our San Gregorio West Underground project is advancing according to plan and on budget, with production due to commence at the end of Q2 FY17. We achieved positive drilling results in a number 2 of exploration projects in Uruguay, most notably in locations at depth, along strike and immediately adjacent to our current San Gregorio West Underground development with the potential to add reserves, expand the project and improve its economics via additional synergies. I’m delighted with the hard work our team has delivered to achieve these positive results and look forward to the next stages of the exploration programme in the coming quarters. At our Anzá gold project in Colombia, positive preliminary metallurgical results in line with peers in the immediate region represents a de-risking of the project and our team are preparing a geological model with which to plan our next exploration phase at Anzá.” | |
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