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Orosur Mining Inc.
Summary
| Project: | San Gregorio | |
|---|---|---|
| Deposit: | Veta A | |
| Location: | Uruguay | |
| Commodities: | Gold | |
| Date: | 9/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-9-2017: Orosur Mining Inc. announces an Exploration/Drilling Update report for its Veta A deposit at the San Gregorio project. Drilling results incl. 6.7m @ 5.0g/t Au from 161.9m. MONTEVIDEO, Uruguay, September 21st, 2017. Orosur Mining Inc. (“Orosur” | |
| Resources: | (Reserve, Prob.): 9440oz Au contained at Veta A | |
| CP/QP: | [Overall Report]: Miguel Fuentealba (Not stated) | |
| ABSTRACT: | MONTEVIDEO, Uruguay, September 21st, 2017. Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), the South America-focused gold producer, developer and explorer is pleased to provide an exploration and development progress update for its Uruguayan operations. Ignacio Salazar, CEO of Orosur, said: “Following our successful US$3.2 million fundraising in mid-August, we are pleased to be providing a robust exploration and development update for Uruguay. “During FY17, we not only transitioned successfully from the Arenal underground operation to the new SGW UG mine but we also ramped up development and exploration activities with the objective of increasing scale and efficiency at San Gregorio. We are also pleased to announce positive geotechnical and drilling results in Veta A, as we seek to further advance this project as our next underground operation. “Finally, we have now completed a district scale geological model which is already providing encouraging results. In support, we are deploying the necessary resources, including the purchase of a new diamond core drilling rig, to give our team the best chance of making a strategic discovery in Uruguay, which would allow us to increase production and minelife. “The Company is currently on track to meet its FY18 production guidance and we expect to report back shortly on the start of drilling at Anza in Colombia.” | |
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