ABOUT US
Orosur Mining Inc. is a gold producer and exploration company focused on identifying and developing gold projects in Latin America. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of quality assets in Chile. The company is listed on TSX-V and AIM and currently has its head office in Santiago, Chile.
Highlights
- The current mine plan at San Gregorio is to produce 315,000 ounces over the next five years.
- Talca property is located 375 km North of Santiago in the Region IV of Northern Chile, covering an area of 2,000 hectares. Talca mine has been operated by artisanal miners for 40 years and has produced an estimated 300,000 oz of gold from a system of 7 high grade veins. Grades between 10-20 g/t Au have been reported and visible gold is common. Principal structural control is NNW (320° - 350°) trending shear zones and faults structures traced from four to eight kilometers along strike. Historical mining on NNW structure was over 2-4 m widths of high grade. Inspection of underground access across structure shows potential for wider mineralized zones.
- The Pantanillo development project in the Maricunga Belt in Chile . Historical geological work at Pantanillo by Anglo American (1992-2005) and Kinross Gold (2005-2008) generated a potential mineral resource estimated in the range of 82 to 125 million tonnes grading 0.83 to 0.73 g/t gold, using a 0.6 to 0.5 g/t gold cut-off for the lower and higher tonnages respectively. These estimates equate to 2.18 to 2.95 million ounces of contained gold. This preliminary assessment was made by Kinross Gold in 2007 and was estimated based on a total of 8,398 meters of reverse circulation drilling and diamond drilling. The potential tonnages and grades are conceptual in nature as there has been insufficient drilling to define a mineral resource in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects and it is uncertain if further exploration will result in the deposit being delineated as a mineral resource. An exploration and development program targeting the definition of a NI43-101 compliant mineral resource is in with the objective of creating a second production asset for the group within 3 to 4 years
- The Company is confident that there is further growth potential in its exploration portfolio in Chile and Uruguay including the Anillo project in Northern Chile which is approximately 10 km north east of the El Peñón mine operated by Yamana Gold Inc.
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