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Market: AIM / TSX-V
Sector: General Mining - Gold
EPIC: OMI
Latest Price: 41.00p  (3.80% Ascending)
52-week High: 84.00p
52-week Low: 35.00p
Market Cap: 31.99M
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Orosur Mining
www.orosur.ca

Orosur Mining Inc. is a gold producer and exploration company focused on identifying and developing gold projects in Latin America. The Company is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of high quality assets in Uruguay,Chile and Argentina.

Full Orosur Mining profile here
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Orosur Mining appoints lawyer Gijsbert Groenewegen as non-exec director

14th Sep 2011, 7:32 am by Giles Gwinnett Chief executive David Fowler said Groenewegen's experience in financial markets will be very important as the firm looks to develop its growing gold interests in Latin America

Gijsbert Groenewegen has been appointed as a non-executive director, Orosur Mining (LON:OMI, CVE:OMI) told investors today.

The 53-year-old lawyer has more than 20 years of experience in finance and asset management, the South American focused gold explorer and producer said.

Chief executive David Fowler said Groenewegen's experience in financial markets will be very important as the firm looks to develop its growing gold interests in Latin America.

Orosur currently operates the only producing gold mine - San Gregorio -  in Uruguay and has an exploration portfolio of assets in Uruguay, Chile and Argentina.

At the end of last month, it revealed how it had signed a definitive agreement for its proposed acquisition of the Talca gold property in Chile.

In June, the group provisionally agreed the terms of a deal to acquire the project. The deal required at least 66 percent of Talca’s owners – the Tellos family - to accept the offer and it confirmed it had received unanimous support acceptances for the deal.

Fowler had said of Talca: “The company´s plans are a first pass drilling campaign in calendar Q4 2011 and aims to publish its maiden N.I. 43-101 compliant resources during calendar Q2 2012.”

The Tellos family has produced gold at the Talca property for around 40 years with a total of 300,000 ounces produced in that time. The area hosts two historic, artisanal, non-mechanised mines, which have produced gold this year.

To acquire the property Orosur will initially pay US$3.84 million over 20 months, to buy the first 25 per cent of the property. It can subsequently buy the remaining 75 per cent stake for US$3.78 million over a five year period. There will also be a 1 per cent net smelter royalty on all production from Talca.

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