The share price of Orosur Mining (LON: OMI) climbed over 15 percent this morning as it confirmed its all systems go for its Anza project – backed by two of the world’s biggest gold miners in Newmont and Agnico.
Today’s update noted it has received $650,000 as a first payment to help fund the 12 month exploration project as it confirmed that its plans are now being formally implemented following COVID-19 restrictions.
It added that active exploration is still subject to potential restrictions, but hopes that geophysical surveys and drilling should be ready to go from early November 2020.
Commenting on the progress against the difficult backdrop was CEO Brad George:
“Clearly the Covid-19 pandemic is presenting challenges to remote exploration that were not expected at the start of the year. However, the operating protocols that we have established are allowing our diligent and professional staff to plan and implement as near to a full exploration program as could be achieved under these trying circumstances.”The share price of OMI is currently at 19p.