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    OMI   CA6871961059

OROSUR MINING INC.

(OMI)
  Report
End-of-day quote Bourse de Toronto  -  2022-09-26
0.1400 CAD   -6.67%
09/29Orosur Mining : Fiscal Q4 Earnings Snapshot
AQ
09/28Orosur Mining Inc. Auditor Raises 'Going Concern' Doubt
CI
09/28Orosur Mining Inc. Reports Earnings Results for the Full Year Ended May 31, 2022
CI
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Orosur Mining Inc. Announces El Pantano, Argentina Update

06/28/2022 | 10:35am EDT

LONDON - Orosur Mining Inc. ('Orosur' or the 'Company') (TSXV: OMI) (AIM: OMI), is pleased to announce positive assay results from a follow up soil sampling program at the La Esfinge prospect at El Pantano, Santa Cruz Province, Argentina.

As announced on May 3rd, 2022, field teams had returned to El Pantano to complete a short infill program designed to add more detail to the positive soil sampling results from the first pass reconnaissance program undertaken in March 2022.

13 additional soil sampling lines were completed across the western section of La Esfinge and have returned highly anomalous results, with gold in soil results up to 152ppb Au.

Orosur CEO Brad George commented: 'It is early days at El Pantano, but it is highly encouraging to obtain such positive results from what is essentially an untouched grass roots project. We look forward to returning after the winter, but work so far has supported our strategy of carefully selecting attractive earlier stage projects on the best possible terms.'

Contact:

Louis Castro

Tel: +1 (778) 373-0100

Email: info@orosur.ca

About Orosur Mining Inc.

Orosur Mining Inc. (TSX-V: OMI; AIM: OMI) is a minerals explorer and developer focused on identifying and advancing projects in South America. The Company currently operates in Colombia, Argentina and Brazil.

Forward Looking Statements

All statements, other than statements of historical fact, contained in this news release constitute 'forward looking statements' within the meaning of applicable securities laws, including but not limited to the 'safe harbour' provisions of the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release.

Forward-looking statements include, without limitation, the exploration plans in Colombia and the funding from Monte Aguila of those plans, Monte Aguila's decision to continue with the Exploration and Option agreement, the ability for Loryser to continue and finalize with the remediation in Uruguay, the ability to implement the Creditors' Agreement successfully as well as continuation of the business of the Company as a going concern and other events or conditions that may occur in the future. The Company's continuance as a going concern is dependent upon its ability to obtain adequate financing, to reach profitable levels of operations and to reach a satisfactory implementation of the Creditor's Agreement in Uruguay. These material uncertainties may cast significant doubt upon the Company's ability to realize its assets and discharge its liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles applicable to a going concern. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such forward looking statements. Such statements are subject to significant risks and uncertainties including, but not limited, those as described in Section 'Risks Factors' of the MDA and the Annual Information Form. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply.

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about OROSUR MINING INC.
09/29Orosur Mining : Fiscal Q4 Earnings Snapshot
AQ
09/28Orosur Mining Inc. Auditor Raises 'Going Concern' Doubt
CI
09/28Orosur Mining Inc. Reports Earnings Results for the Full Year Ended May 31, 2022
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09/12Orosur Mining Inc - Colombia update
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09/09Orosur Mining Inc. Announces Colombia Update
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Financials (USD)
Sales 2022 - - -
Net income 2022 -1,11 M - -
Net cash 2022 4,31 M - -
P/E ratio 2022 -26,3x
Yield 2022 -
Capitalization 19,2 M 19,2 M -
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees 7
Free-Float 84,3%
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Managers and Directors
Bradley William George Chief Executive Officer & Executive Director
Victor Johan Hugo Chief Financial Officer
Louis Emmanuel Castro Executive Chairman
Thomas Peter Masney Independent Non-Executive Director
Nicholas Kurt von Schirnding Independent Non-Executive Director
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