Orosur Mining Announces Notice of Annual General Meeting & Colombia Drilling Update
October 18 2017 - 3:05PM
Business Wire
Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI),
is pleased to announce the arrival of the second diamond drill rig
at its wholly-owned, high-grade Anzá gold project located in the
Mid Cauca Gold Belt in Colombia. Additionally, copies of the Notice
of Annual General Meeting (“AGM’) have been sent to shareholders
and a copy is also available from the Company’s website.
The AGM will be held on November 17, 2017 at 11:00 a.m.
(Colombia time) at the Offices of Alianza WJE,Cll 11C # 31-57 El
Poblado, Medellin, Colombia.
On October 16, 2017, Logan Drilling delivered the second and
final planned diamond drill rig to the Anzá project, which
commenced drilling this morning. Rig #1, which arrived on October
12, 2017, has drilled a total of 83m to date.
Preliminary geological reconnaissance of the core indicates
geological features similar to previous drilling and is considered
a promising host rock. This tends to coincide with historical
drilling in the sector which yielded high gold grade intersections.
Core sampling will be done as soon as the drill hole is finalised
and logged.
Ten drilling platforms completed with access roads have been
carefully constructed to minimize environmental impact and are
ready to be drilled in sequence over the coming months. The Company
plans to drill approximately 35m per day per rig and aims to have 4
holes drilled and ready for analysis by the end of October
2017.
The Company also wishes to notify a correction to its
announcement dated October 16, 2017. Drill hole EMRC17-028 of the
Muro deposit in the Santa Teresa – Polvorin area was mistakenly
shown to have a grade of 5.8 g/t Au over 7.0m, however should have
shown a grade of 0.7 g/t Au over 7.0m.
Qualified Person
The technical information related to the current assets of
Orosur Mining in this announcement has been reviewed and approved
by independent Mining engineer Miguel Fuentealba, a qualified
person as defined by National Instrument 43-101.
About Orosur Mining Inc.
Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a fully integrated
gold producer, developer and explorer focused on identifying and
advancing gold projects in South America. The Company operates the
only producing gold mine in Uruguay (San Gregorio), and has
assembled an exploration portfolio of high quality assets in
Uruguay, Chile and Colombia.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via Regulatory Information Service, this inside
information is now considered to be in the public domain. If you
have any queries on this, then please contact Ignacio Salazar,
Chief Executive Officer of the Company (responsible for arranging
release of this announcement) on: +1 (778) 373-0100.
Forward Looking Statements
All statements, other than statements of historical fact,
contained or incorporated by reference in this news release,
including any information as to the future financial or operating
performance of the Company, constitute "forward-looking statements"
within the meaning of certain securities laws, including the "safe
harbour" provisions of the Securities Act (Ontario) and 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. There can be no assurance that such statements
will prove to be accurate. Such statements are subject to
significant risks and uncertainties, and actual results and future
events could differ materially from those anticipated in such
statements. Forward-looking statements include, without limitation
success of exploration activities; permitting time lines; the
failure of plant; equipment or processes to operate as anticipated;
accidents; labour disputes; requirements for additional capital
title disputes or claims and limitations on insurance coverage. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171018006534/en/
For further information, please contact:Orosur Mining
IncIgnacio Salazar, +1-778-373-0100Chief Executive
Officerinfo@orosur.caorCantor Fitzgerald Europe – Nomad &
Joint BrokerDavid Porter/Keith Dowsing, +44 (0) 20 7894
7000orNumis Securities Limited – Joint BrokerJohn Prior /
James Black / Paul Gillam, +44 (0) 20 7260 1000orFTI
ConsultingBen Brewerton / Sara Powell / Emerson Clarke, +44 (0)
20 3727 1000