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Orosur Mining Inc.
Summary
| Project: | San Gregorio | |
|---|---|---|
| Deposit: | San Gregorio | |
| Location: | Uruguay | |
| Commodities: | Gold | |
| Date: | 1/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-1-2017: Orosur Mining Inc. announces an Exploration/Drilling Update report for its San Gregorio deposit at the San Gregorio project. Drilling results incl. 9.95m @ 3.41g/t Au from 27.0m at Mina Peru. SANTIAGO, Chile, January 16, 2017. Orosur Mining Inc | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Miguel Fuentealba (Not stated) | |
| ABSTRACT: | SANTIAGO, Chile, January 16, 2017. Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), the South American-focused gold producer, developer and explorer is pleased to announce the results for the first half of its fiscal 2017 (“H1 17”) and second quarter ended November, 2016 (“Q2 17” or the “Quarter”) and an update of its exploration and development activities in Uruguay. SGW UG is a continuation, at depth, of the historic San Gregorio open pit deposit which has produced approximately 536,000 oz at an average grade of 2.12 g/t. During FY17, the Company intends to add reserves and expand prospective SGW UG operations within three neighboring underground projects. These projects are the San Gregorio East Underground, SGW UG Deep Extension and the San Gregorio Underground Central area. The last two projects relate to areas which were not previously considered in the SGW UG mining plans and represent new opportunities with a strong potential for near term resource and reserve delineation. A comprehensive and extensive drilling campaign is currently being carried out at San Gregorio. During FY17, a total of 9,000m of drilling are planned in order to confirm and increase reserves and extend the SGW UG mine. To the end of the Quarter, some 4,250m have already been drilled, with positive results. | |
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