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Orosur Mining Drills Long Gold Intercept at El Cedro and Prepares Pepas Permitting

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OMICA$0.2650 −1.85%

Orosur Mining Inc. (TSXV:OMI) announced initial exploration results from hole CED001 at its El Cedro property. The drill hole encountered 267.4 meters grading 0.65 grams per tonne gold starting from surface. The hole terminated in mineralization, demonstrating that gold presence remains open at depth, and contained several narrower veins with grades exceeding 3 grams per tonne gold.

The broad intercept highlights the potential scale of the gold deposit at El Cedro, though further work is required to determine economic viability and continuity. Alongside drilling efforts, the company completed the draft work plan (PTO) for its Pepas target, taking an initial step toward securing regulatory approvals for project development.

Investors should monitor upcoming results from hole CED001A, which aims to test the mineralization down to a depth of 500 meters. Outstanding multi-element geochemical assays and upcoming consultations with the ANM regarding the Pepas plan will also provide clarity on project progression.

Key points

  • Orosur Mining encountered 267.4 meters grading 0.65 g/t gold from surface in drill hole CED001 at El Cedro.
  • The drill hole ended in mineralization, indicating the system remains open at depth.
  • Selected narrower veins within the system returned higher grades exceeding 3 g/t gold.
  • A deeper follow-up hole, CED001A, is planned to evaluate the system down to a depth of 500 meters.
  • Orosur completed a draft PTO for the Pepas target to begin permitting consultation with the ANM.

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Questions and answers

What were the drill results for Orosur Mining at El Cedro?

Orosur Mining drilled 267.4 meters grading 0.65 g/t gold from surface in hole CED001, which ended in mineralization and contained internal veins above 3 g/t gold.

What is the next step for Orosur Mining at El Cedro?

The company plans to drill hole CED001A to target depths of 500 meters, while awaiting multi-element assay results to refine its geological model.

What update did Orosur Mining provide for the Pepas target?

Orosur completed the draft PTO work plan for Pepas and will start consultations with the ANM to advance permitting.