Orosur Mining declares "exceptional results" at Colombia gold project

(Alliance News) - Orosur Mining Inc on Monday reported "exceptional results" from three more holes at the Anza gold project in Colombia.

The South America-focused minerals exploration company reported on assays from PEP016, PEP017, PEP018. The drilling took place in the Pepas prospect, which is the northern extent of the Anza project in north-west Colombia.

The first two holes reported intervals of 43.7 metres and 40.2 metres at 3.13 and 2.06 grammes of gold per tonne.

The third hole, PEP018, had an interval of 54.1 metres with 6.01 grammes of gold per tonne from the surface. The industry standard for a "high grade" gold deposit is that it contains more than 5 grams of gold per tonne.

The company said the findings "are adding to the geological picture in the centre of the Pepas zone".

Chief Executive Officer Brad George said: "Drilling at Pepas continues to develop an exciting story. It has been less than six weeks and yet we have achieved a huge amount, with seven holes drilled, all of which have returned exceptional intersections.

"We will continue expanding Pepas, but attention now also turns northward where tantalising surface mapping is attracting our attention."

Drilling at PEP019, parallel to PEP018, is currently underway.

Orosur took full ownership of the Anza project following its acquisition of Minera Monte Aguila SAS in November.

Orosur Mining shares were flat at 7.05 pence each in London on Monday morning.

By Michael Hennessey, Alliance News reporter

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