OROSUR MINING INC. These nine holes have been successful in providing greater guidance as to the shape and nature of gold mineralisation at APTA, specifically identifying a number of thick, high-grade, plunging shoots, surrounded by a lower grade halo. The Anza geological team is working to develop 3D models of the mineralisation that will assist in future targeting.
Economically, such shoots could be highly significant as they would likely be of extreme importance for any operation at APTA, and therefore represent the primary target for ongoing drilling.
The mineralisation thus far extends over a strike length in excess of 800m and remains open in several directions according to the most recent interpretation of the mineralisation.
Regional Exploration
As noted previously, a range of regional exploration programs have been underway for some time across the wider land package and include geological mapping, BLEG sampling, and soil and stream sediment sampling.
Work has been concentrated in the NE licence area, with two new prospect areas being identified and named for future reference - Pupino and Pepas
Prospects and Sampling
Mapping and sampling work is challenging due to rugged terrain, and the need to maintain strict Covid-19 protocols, but results have been positive with identification of favourable lithologies, large silicified boulders, quartz veins, and pervasive sulphide development.
Soil and stream sediment samples have been sent to commercial laboratories for analysis, while BLEG samples, requiring more specialised assay and analysis, have been sent to
Results are expected in coming weeks.
Geophysical Surveys
Due to the observed correlation between sulphide development and gold mineralisation, geophysical methods such as Induced Polarisation (IP) should be an effective tool in identification high sulphide-bearing zones and to assist in drill targeting.
To that end, a large IP survey is currently being planned along various sections of the Aragon Fault that have thus far been shown to be prospective from preliminary field observations. Planning and ground clearance is now underway, and it is hoped that work may commence in early
Drilling Status and Planning
The Company is now nearing the end of its planned 9,500m drilling program that commenced in
Once the final hole of this early program is complete, that remaining rig will remain on site and continue to drill at APTA to gradually expand this zone of mineralisation.
The primary objective of the Company's exploration program is to determine the potential of the Anza land package to host a large gold mineralisation system. The first phase of drilling has successfully defined significant high grade gold mineralisation at APTA, and this will be gradually expanded with one rig. The next major phase of drilling will be targeted at identifying additional centres of mineralisation along the 20km strike of the Aragon Fault, and other anomalous zones.
Social and community clearance has been underway for some months in these new areas as part of the mapping and sampling programs. A component of which has been the assessment of access conditions and the likely need for improvement. Once targets have been finalised in the coming weeks, the required logistical work will commence to open up these areas for drilling activities.
Orosur CEO
Further assays are expected in due course. We are now directing our teams to identifying the next drill targets - work that has so far shown great promise.'
Contact:
Tel: +1 (778) 373-0100
Email: info@orosur.ca
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into
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