Orosur Mining Inc (AIM:OMI, TSX-V:OMI) shares soared in Tuesday's trade after it reported latest drill results from its Pepas prospect, at the Anzá gold project in Colombia.
The company released assays from six new holes, including 47.25 metres at 15.25 g/t gold from PEP055.
It aims to complete an NI43-101 compliant mineral resource estimate by the year-end, meanwhile, work is also advancing at the El Cedro prospect, where soil sampling has identified extensive anomalous gold areas.
“The Anzá Project continues to develop and broaden in scope. Pepas is progressing toward MRE as planned, but the results at El Cedro are showing this licence has much more to give," said chief executive Brad George.
In London, Orosur shares were up 20.6% changing hands at 27.5p.