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Alliance News

Assay Results At Orosur's Anza Project Show High Grade Gold Intervals

Tue, 14th Nov 2017 12:03

LONDON (Alliance News) - Assay results from Orosur Mining PLC's APTA target on the Anza gold project in Colombia have shown a number of high grade gold intersect intervals.

Orosur said it has drilled three holes totally 962.5 metres of the planned 15,000m diamond drilling programmes. Partial sampling of the first two holes has shown high grade gold as well as copper, zinc, and other notable by-products .

Highlights from the MAP-54 hole include 5.47 grammes of gold per tonne of ore over between the depths of 97.1m and 101.7m, including 771.3 parts per million of copper and 1.44% inferred zinc, as well as 17.76 g/t gold between a depth of 144.5m and 149.8m including 4,724ppm of copper and 4.84% inferred zinc.

The limited results from hole MAP-55 show "interesting" gold anomalies up to 0.26 g/t gold, matching with gold bearing units identified in the area.

Orosur's Chief Executive Ignacio Salazar said: "These initial results are extremely encouraging, supporting the presence of high gold mineralization over significant intervals and increasing confidence in the mineral body beyond the 17,000m of previous drilling prior to the acquisition of the project by Orosur."

"These results are merely the beginning of Orosur's first drilling campaign at APTA. APTA mineralization remains open at depth and along strike," Salazar said.

Gold producer, developer, and explorer Orosur has a portfolio of "high-quality" assets across Uruguay, Chile, and Colombia, including the only producing gold mine in Uruguay at San Gregorio.

Shares in the company were up 4.7% Tuesday midday at 14.40 pence.

By George Collard;

Copyright 2017 Alliance News Limited. All Rights Reserved.

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