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Orosur Mining Inc - South American gold exploration and development company - Reports ‘extremely positive’ drilling results at its flagship Anza project in Colombia. Says that several high priority prospects have been defined.
Expects drilling activities to resume once the required permitting has been completed.
Notes that Monte Aguila, a joint venture between Newmont Corp and Agnico Eagle Mines Ltd, has operational control of the project now.
‘Handing over operating control of Anza was a complex and protracted process, slowing work and news flow. However, this effort was a necessary component of the evolution of the project and is now reaping rewards as our major partners ramp up activities,’ Chief Executive Brad George comments.
‘Covid-19 has now abated in the region to the extent that field activities can be undertaken more freely, and we look forward to major drill campaigns restarting on the exciting prospects that have been defined.’
Current stock price: 11.80 pence, down 10% on Tuesday
12-month change: down 44%
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