nigeriapulse.com

Breaking news and insights at nigeriapulse.com

Orosur Mining Shares Surge on Positive Drilling Results in Colombia

Orosur Mining shares rose 8% following promising drilling results from its Anzá gold project in Colombia. Notable assay results from Pepas showed substantial mineralization, including 62.5 meters at 5.4 grams per tonne of gold. The company is advancing the project with geological surveys and metallurgical testing.

Orosur Mining Inc (AIM:OMI, TSX-V:OMI) experienced an 8% surge in share price during early trading on March 10, 2025, following the release of new drilling results from its Anzá gold project in Colombia. The assay results from the Pepas prospect indicated significant gold mineralization over extensive intervals, with one notable drill yield of 62.5 meters at 5.4 grams per tonne.

In addition to the promising results, Orosur has been actively progressing the Anzá project since acquiring full control in late 2024 by buying out its former joint venture partner. The project is strategically located within Colombia’s Mid-Cauca gold belt, known for several high-grade gold and copper deposits.

To complement drilling activities at Pepas, Orosur has initiated an aeromagnetic survey aimed at providing a more detailed geological mapping of the region and is preparing for explorations at the El Cedro prospect. Furthermore, the company is undertaking metallurgical testing to enhance its understanding of gold processing techniques.

Following a brief initial equity spike, the stock saw a slight adjustment, resting at 11.05p, up 0.4p from before the news.

The positive drilling results from Orosur Mining’s Anzá project have sparked investor interest, resulting in a notable rise in share value. The extensive mineralization found at the Pepas prospect and the ongoing development initiatives signal strong potential for future gold production. Continued exploration and testing will further elucidate Anzá’s capabilities as a valuable asset in the Mid-Cauca gold belt.

Original Source: www.proactiveinvestors.com

Elias Gonzalez

Elias Gonzalez is a seasoned journalist who has built a reputation over the past 13 years for his deep-dive investigations into corruption and governance. Armed with a Law degree, Elias produces impactful content that often leads to social change. His work has been featured in countless respected publications where his tenacity and ethical reporting have earned him numerous honors in the industry.

Leave a Reply

Your email address will not be published. Required fields are marked *