Orosur Mining (LON:OMI) has identified new exploration targets at its Anillo project in Chile.
The company said a survey, using specialist geophysics, has pinpointed structures that it believes may host economic gold and silver mineralisation.
It is now planned that drill testing of the highest priority targets could start as early as next month.
Also, Orosur told investors that geological mapping and sampling at the Pantanillo project has confirmed evidence of a high sulphidation gold system under a steam heated zone at Quebrada Pantanillo.
Here, the company has been evaluating this new potentially higher grade area which is around four kilometres away from the project’s main deposit, which hosts a 1mln ounce gold resource.
Orosur is currently considering its plans for its next exploration campaign, which will include more geophysics and drilling starting in November.
“We are very pleased with the results of the geophysics which have identified high priority drill targets at Anillo which we plan to start drilling in May,” said chairman Tony Shearer.
“At the same time, the re-evaluation of Quebrada Pantanillo as a high sulphidation gold system is an encouraging step in improving the economics of the Pantanillo project.”
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