Orosur report positive drill results but confirm delays
(Kitco News) - Shares in Orosur Mining (OMI:LSE) moved 6.57% higher at the open as the company confirmed positive assay results from the first hole at the Anzá project in Colombia, including 70.50m @ 3.53g/t Au.
The update stated samples from MAP-072 were submitted for assay gradually over November and December, however as previously announced, assay results were delayed due to Covid-19 related staffing shortages at the ALS Laboratory in Lima, Peru. These delays are expected to continue for the foreseeable future but should not materially impact on operations.
Orosur CEO Brad George said "Clearly the assays from MAP-072 are very positive, and a resounding verification of previous excellent work. Delays in assay results are unfortunately beyond the Company's control and may be a factor for some time yet, however in the meantime, visual indications are positive and provide the team sufficient confidence to ramp up our drilling efforts in order to move APTA forward as quickly as possible.".
As previously stated, MAP-072 was targeted at a part of the APTA deposit that had previously returned positive results, the nearest and most relevant being MAP-060, which returned an intersection of 25m @ 4.85 g/t Au. Moving forward, four additional holes have been completed with all samples submitted for analysis.