(MENAFN- ProactiveInvestors - N.America) Orosur Mining Inc (LON:OMI ASX: OMI) is to push ahead with a drilling programme at Anzá in Colombia after initial work indicated a significant amount of gold mat=y be present.
A model based on re-working historic drill data from the Aragon-Pastorera Trend Area (APTA) suggested exploration potential of 1.6mln - 2.3mln tonnes averaging between 3.2 - 3.7g/t of gold per tonne.
Orosur believes the mineralized zones in the APTA continue, both at depth and at the surface, to the north and south of the limited area. As such, there is the potential for a much larger resource base to be identified.
The drill campaign will be between 15,000m - 30,000m and will lead to a maiden NI 43-101 report for Anza.
Ignacio Salazar, chief executive, said: 'Orosur acquired Anzá in July 2014, through its nil premium all share acquisition of Waymar Resources, at a time when little to no value was being given to exploration projects.
'The company believes that Anzá has significant upside and we expect the project to take a more prominent standing in our suite of South American gold assets in the months to come.'
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.