Shares

Orosur Mining to accelerate drilling on signs of success

Orosur Mining has confirmed that it is to accelerate drilling on on the company’s gold mining Anzá project in Colombia.

The project which has two of the world’s largest gold mining companies onboard including Newmont and Agnico shown positive assay results from the first hole including 70.50m @ 3.53g/t Au.

There was also further positive news as it confirmed that drilling was to accelerate with a third rig that is due to commence work later in January.

Additionally Orosur Mining is also considering how it can increase its local infrastructure and operational capacity to allow for further rigs to be deployed rapidly should the positive signs continue in its exploration.

Commenting on today’s update from the Colombian project was Brad George, CEO of Orosur Mining who continued to express optimism in future activities:

“Clearly the assays from MAP-072 are very positive, and a resounding verification of previous excellent work.  Delays in assay results are unfortunately beyond the Company’s control and may be a factor for some time yet, however in the meantime, visual indications are positive and provide the team sufficient confidence to ramp up our drilling efforts in order to move APTA forward as quickly as possible.”

The share price of Orosur Mining (OMI) responded well to todays’ update gaining by nearly 10 percent in early trading to to a price of nearly 29p.

Let's Talk

Argo & NasdaqThink Peter Wall gave it away in those answers. There is literally … Read More
Omega very bullishNever heard Colin so bullish before, he definitely knows good time … Read More
Getting into CBD stocksThanks I'm going to wait for MXC to dip a bit more big overra … Read More
Argo Blockchain Share Price Predi …Update. I'm not into even more profit. Am holding unless Bitc … Read More
ODX target price is?People obviously wanted to see we have a £200m contract in the bag … Read More
Hey, profit awaits! Free Sharebuyers Newsletter

Receive hot tips you can profit from - only sent when it matters. Twitter: @ShareBuyers.

error: ShareBuyers content is protected