RE: Turner Pope Research Note5 Apr 2024 15:32
Argentina project looks interesting. Mixing in with the Newmont & Anglo Gold. Ready to drill H2 2024
El Pantano Project - Evidence of Argentinian massive low sulphidation epithermal system
Orosur announced it had signed an Exploration & Joint Venture ('Argentinian JV') agreement ("Agreement") with private Argentinean company DESEADO DORADO S.A.S ('Deseado) and its shareholders in relation to the El Pantano Gold Project in the Province of Santa Cruz, Argentina (the 'Argentinian Project') on 15 February 2022. The Agreement covers nine licences owned by Deseado, that total a combined 607km' in the prolific Deseado Massif region which has, in recent decades, been shown to host numerous high-grade tier-1 gold and silver deposits.
The two largest of these are Anglo Gold's Cerro Vanguardia mine and Newmont Mining's Cerro Negro deposit. Other substantial projects in the region include Yamana Gold's Cerro Moro (that was taken over by Pan America Silver Corp. (NYSE: PAAS) in March 2023 which also owns the nearby Manantial Espejo silver deposit. Very rarely for an exploration project, Orosur was granted an option to earn up to 100% of the El Pantano Project by investing in excess of US$3m in exploration over 5 years. Orosur has held preliminary discussions with a number of these same parties and their representatives to review interest and their possible future involvement pending further development results.
Orosur is now in a position to progress mapping, ground magnetics and sampling in order to begin defining its main structures.
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