Orosur Mining Inc’s shares rose by 8% after announcing positive drilling results from the Anzá gold project in Colombia. Significant gold mineralization was confirmed at the Pepas prospect, highlighted by a drill hole returning 62.5 meters at 5.4 grams per tonne. The company is also advancing geological surveys and metallurgical testing to enhance project development.
Orosur Mining Inc (AIM:OMI, TSX-V:OMI) experienced a notable increase in share price, rising by 8% on Monday morning following the announcement of favorable drilling results from its Anzá gold project located in Colombia. Investors reacted positively to the new assay results from the Pepas prospect, which indicated significant gold mineralization over extensive lengths, including a remarkable drill hole that yielded 62.5 meters at 5.4 grams per tonne of gold and another nearly 80 meters of mineralization.
Since acquiring full ownership of the Anzá project in late 2024 by purchasing its previous joint venture partner, Orosur has made considerable advancements in the area. The project is situated within Colombia’s Mid-Cauca gold belt, renowned for its numerous world-class gold and copper deposits. This strategic location provides substantial growth potential for the company.
In addition to the drilling at Pepas, Orosur has initiated an aeromagnetic survey to enhance the geological mapping of the region and is preparing to commence exploration activities at its El Cedro prospect. The company is also conducting metallurgical testing to gain insights into optimal processing methods for the extracted gold. Following the initial surge in stock price, shares stood at 11.05p, reflecting a gain of 0.4p.
Orosur Mining has demonstrated promising progress with its Anzá gold project, as reflected in the positive reaction of investors to the recent drilling results. The company’s strategic initiatives, including geological mapping and metallurgical testing, further support its commitment to advancing the project in Colombia’s prolific Mid-Cauca gold belt. The developments signify strong potential for future growth within the mining sector.
Original Source: www.proactiveinvestors.com
