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Orosur Mining Inc - Toronto-based mineral exploration and development company focused on South America - Announces the results from its first reconnaissance geochemical soil sampling programme at the La Esfinge prospect in Argentina. Returns ‘highly anomalous’ results in gold and several other pathfinder elements.
Gold anomalism in soil samples have returned results in excess of 100 parts per billion gold across the western half of the La Esfinge target, with highly significant anomalies from other elements such as arsenic, silver, bismuth, indium and copper.
Says these results are ‘highly encouraging’ from a first pass programme. As a result, the company's geological teams have returned to El Pantano to carry out a short in-fill programme to better define the scale and nature of the key anomalies before winter.
Current stock price: 11.70 pence, down 0.4% in London
12-month change: down 28%
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