Positive Drill Results Continue at Anzá
Drill hole PEP014 at Anzá Project returned 75.1m at 5.58g/t Au from surface.
- PEP014 composite intersection 75.1m @ 5.58g/t Au
- PEP014 high-grade zone 13.95m @ 13.68g/t Au
- PEP014 upper zone 11.5m @ 8.34g/t Au
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- Composite intersection of 75.1m @ 5.58g/t Au from surface.
London, December 13th, 2024. Orosur Mining Inc. ("Orosur" or the "Company") (TSXV/AIM:OMI), is pleased to announce an update on the progress of exploration activities at the Company's flagship Anzá Project ("Project") in Colombia.
ANZÁ Project
Pepas
Figure 1. Anzá Project - prospects
Post completion of the transaction to buy its previous JV partner, MMA, the Company began drilling at the Pepas prospect in mid-November 2024.
Drilling commenced with hole PEP012, which was positioned to confirm previous high-grade results in hole PEP001, drilled by MMA in 2022.
Holes PEP013, 014 and 015 were then rotated some 51 degrees eastward from PEP012 to begin to test what was considered by the Company's geological teams to be the controlling trend of SE to NW. As well as defining thick zones of high-grade mineralisation, a target for these holes was a clearly defined basement fault that seemed to act as a distinct marker bed to define the trend.
Figure 2. Plan of holes
PEP014 entered mineralised tuffs just below surface, and continued in high grade mineralisation until the basement fault was intersected at 75m. The hole was terminated at 78m.
Figure 3. Section, PEP014
Most of the length of PEP014 above the fault, was mineralised with a composite intersection of 75.1m @ 5.58g/t Au being calculated, from surface.
| Hole Number | From (m) | To (m) | Interval (m) | Au (g/t) |
|---|---|---|---|---|
| PEP014 | 0 | 75.1 | 75.1 | 5.58 |
| including | 12.85 | 24.35 | 11.5 | 8.34 |
| including | 30.25 | 44.2 | 13.95 | 13.68 |
Table 1. Drill Intercepts
Discussion and ongoing drilling
Holes PEP013 through PEP015 all intersected the basement fault roughly where expected, providing substantial weight to the interpreted trend. Assays from Hole PEP015 are currently with the lab for analysis.
Hole PEP016 is currently underway and is directed on the same azimuth, but positioned some distance to the SW, to test the mineralisation, overburden and structure down dip (Figure 2).
Orosur CEO Brad George commented:
"Results from PEP014 continue the story that there is something at Pepas. Work to date has been very geologically focussed in trying to define trends and we now think we have some inkling so we look forward to progressing our drill programme and developing this picture."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.