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Orosur Mining gets warm response to Colombia exploration plans
Aug 11, 2017

Summary:  A placing at 14.7p was oversubscribed and the money means work can start at Anza (in Colombia)

Source: Proactive Investors UK

Date: 11 August 2017

Link: http://www.proactiveinvestors.co.uk/companies/news/182314/orosur-mining-gets-warm-response-to-colombia-exploration-plans-182314.html

 

Content: 

Orosur Mining Inc. (LON:OMI) has seen strong demand for a funding to cover a drilling campaign on its acreage in Colombia.

A placing at 14.7p was oversubscribed and the money means work can start at Anza (in Colombia) without having to divert funds from the producing San Gregorio mine in Uruguay.

With gold at US$1,290 currently, production at this level will allow expansion of the resource base in Uruguay both underground and at the surface operations to utilise spare capacity currently in the processing plant.

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