FINWIRES · TerminalLIVE
FINWIRES

Orosur Mining Says Developing New Drill Targets at Anza Project, Colombia

By

-- Orosur Mining (OMI.V) is developing new drill targets at its Anza project in Colombia, the company said in an update on Tuesday.

The three target areas are Pepas, APTA, and El Cedro. So far, a drone mounted magnetic survey has been completed over El Cedro and APTA. It is expected that several weeks may be required to finalise processing of these data, which can then be used with the recent sampling data at El Cedro and drilling currently underway at APTA, to develop new drill targets in the region.

Drilling can begin at El Cedro shortly once targeting and access permitting has been completed. Orosur noted that a cluster of gold porphyry intrusions in the south of the project area is also being mapped and sampled, with a view to potentially being drilled later in the first half of this year.

Earlier this month, Orosur said a new zone of gold mineralisation was discovered 100 meters west of the Pepas deposit. The company has temporarily moved the Pepas rig to a new target several hundred metres to the south, to allow time for data from this recent drilling at Pepas West to be compiled and examined.

"With the possibility of three rigs operating soon on three prospects, Anza is now inexorably growing in scope, scale and complexity. The picture is emerging of a substantial mineralised province, the surface of which is only now starting to be scratched," said chief executive Brad George.

Orosur Mining shares closed unchanged at $0.35 on the TSX Venture Exchange on Monday.

Related Articles

Australia

Velo3D Closes $50 Million Registered Direct Offering

Velo3D (VELO) said Tuesday it closed an underwritten registered direct offering of nearly 3.6 million common shares for gross proceeds of about $50 million.Net proceeds will be used for working capital and general corporate purposes, the company added.Price: $13.76, Change: $-0.57, Percent Change: -3.98%

$VELO
Australia

First Financial Bankshares Ups Quarterly Dividend 15.8% to $0.22 a Share, Payable July 1 to Holders of Record June 12

Price: $32.61, Change: $+0.18, Percent Change: +0.56%

$FFIN
Mining & Metals

First Atlas Resources Sells MacKenzie East Claims in Quebec to LaFleur Minerals

First Atlas Resources (HHE.CN) on Tuesday said it agreed to sell a 100% interest in its MacKenzie East Claims located in the Val-d'Or gold camp, Quebec, to LaFleur Minerals (LFLR.CN) in a cash and stock deal.LaFleur will buy the property in exchange for $30,000 in cash, and 175,000 shares of LaFleur Minerals. The cash portion is payable within 48 hours of execution of the agreement, the company said.The share consideration will be issued upon receipt of exchange acceptance or, if not required, within five business days following closing of the deal. The property consists of 46 mineral claims covering about 1,781 hectares.The deal allows First Atlas to monetize a non-core asset while retaining exposure to the upside of the Val-d'Or region through its equity interest in LaFleur, it added.Shares of First Atlas were last seen down $0.005 to $0.10 on the Canadian Securities Exchange.

$HHE.CN$LFLR.CN