MMA subsequently informed the Company of its intention to progress to Phase 2. The first phase of the Exploration Agreement was completed in September 2022, with MMA spending in excess of US$10m on the Project and in so doing earning an equity interest of 51%. MMA is itself a 50/50 joint venture ("JV") between Newmont Corporation ("Newmont") (NYSE: NEM, TSX: NEM) and Agnico Eagle Mines Limited ("Agnico") (TSX: AEM), and is the Colombian vehicle by which these two companies jointly exercise their rights and obligations with respect to the Exploration Agreement over the Project. Since late 2018, Anzá has been the subject of an Exploration Agreement with Venture Option ("Exploration Agreement") with Colombian company Minera Monte Águila ("MMA"). The Anzá Project ("Project") is an advanced stage exploration project in the mid-Cauca belt of northern Colombia that plays host to most of that country's major gold deposits.Īnzá comprises a number of contiguous granted exploration titles and applications totalling roughly 200km 2. (" Orosur" or the " Company") (TSXV:OMI)(AIM:OMI), announces an update on the progress of exploration activities across its project portfolio. LONDON, UK / ACCESSWIRE / / Orosur Mining Inc. Regional sampling results from Ariquemes provide vectors for next phase. Mapping and sampling at El Pantano enhances prospectivity. Minera Monte Aquila reviewing its position in relation to Anzá.
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