Orosur has published assay results from the first hole of its new drilling programme at the Pepas prospect. Coming hard on the heels of two releases earlier this month, confirming that the Group had both assumed 100% ownership and operatorship of its flagship Anzá Gold Project in Colombia (the ‘Anzá Project’) with no upfront payments and that the first in a series of six or seven exploratory holes had already been completed, today’s news that PEP012 delivered an exceptional 66.75m @ 5.64g/t Au from surface more than justifies the Board’s determination to continue exploration of this potential world class asset.Highlighting the importance of capturing a detailed understanding of the form, orientation and controlling structures of local mineralisation, Orosur’s experienced team was always clear in its belief that following PEP001’s intersection of 150m @ 3g/t Au from surface on 6 September 2022, subsequent drilling had failed to follow standard step-out protocol and so ended up missing the mineralised zone. Seeking to rectify this, a decision was taken to collar PEP012 adjacent to artisanal workings and direct it back toward PEP001 as a scissor hole, which is a reasonably standard strategy in instances of uncertain geological orientation. The program’s second hole, PEP013, commenced almost immediately after, being drilled from the same pad but with the rig rotated 51 degrees eastward in order to test both the mineralisation and potential structural controls from a direction that was felt to be more orthogonal to the trend. Not surprisingly, management’s confidence in its ability to deliver further positive results has elevated sharply, while it considers a variety of options including examining potential to calculate a NI43-101 Mineral Resource Estimate at the APTA prospect and the possibility of introducing a new JV funding partner. Whatever, further supportive data might set the phones ringing.
Orosur Mining: Turner Pope
Dec 2, 2024Disclaimer & Declaration of Interest
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