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(Alliance News) - Orosur Mining Inc on Tuesday said it has hired Nicholas von Schirnding as a non-executive director as it highlighted progress in drilling work at its Anza project in Colombia.
The Toronto-based mineral exploration firm said newly-hired von Schirnding has over 25 years of experience in mining and natural resources including strategic development, mergers & acquisitions, restructuring, driving operational change and corporate governance. He is currently chair of Arc Minerals PLC as well as non-executive director of Jangada Mines PLC and Edenville Energy PLC.
The company also said Non-Executive Chair Louis Castro will become executive chair as he has assumed several executive duties largely related to commercial, corporate and financial matters.
Separately, Orosur said that drilling work at Anza has been progressing well, noting that since November 15, three holes have been completed and the rigs are currently well advanced on the 4th and 5th holes. Over 1,100 metres has been completed of the planned first phase of 2,400 metres, and over 1,000 samples have been submitted for analysis.
However, the company said that Covid-19 related staff shortages at its laboratory in Lima, Peru has resulted in a significant increase in expected assay turnaround times but assured complete assays for the first hole should be available by the end of January.
Shares in Orosur Mining were trading 3.2% higher at 22.65 pence each on Tuesday morning in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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