Orosur has released assay results from five more holes at its Pepas and North Pepas prospects. These provide further strong intersections, add substantially to the geological understanding of the underlying body and open potential for additional extensions. While continuing to expand the overall footprint, the Group has also commenced preliminary technical studies to examine potential development options for the gold mineralisation defined to date. Although the Board does not have a current plan to move Pepas to a Mineral Resource Estimate (‘MRE’), or to commence formal feasibility studies, such efforts will enable it to better understand the optionality of its prospects and to map out work programs for further exploration. Findings from this exercise, along with externally commissioned 3D modelling of the mineralisation, are expected in the coming weeks. Meanwhile, initial results from the El Cedro prospect, which lies to the south of the same integrated licence that hosts both Pepas and APTA, has also produced some encouraging high-grade soil anomalies with substantial areas of over 0.3g/t Au, including some samples in excess of 1g/t Au and 0.5% Cu. Having closed an oversubscribed CAD$6.0m* (gross) Brokered Private Placement on 27 March, the Group’s cash balance totalled US$5.57m* as of 28 April. This provides Orosur with more than a 12-month forward runway in expectation of its continuing focus on the three prospects within the Anzá Project, while also progressing its early-stage development at the El Pantano gold/silver exploration project in Santa Cruz province, Argentina.
Orosur Mining: Turner Pope
May 28, 2025Disclaimer & Declaration of Interest
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