Latest news with #APTA
Fashion Value Chain
11-07-2025
- Business
- Fashion Value Chain
India–Sri Lanka Aim to Double $5B Trade Through ISFTA
At the India–Sri Lanka Trade Diplomacy Summit held at WTC Mumbai, top diplomats, government officials, and business leaders convened to strengthen bilateral economic engagement. The summit, organized by the World Trade Center Mumbai and All India Association of Industries (AIAI) in collaboration with the Consulate General of Sri Lanka, spotlighted trade opportunities under the India–Sri Lanka Free Trade Agreement (ISFTA). Opening with national anthems and a diya-lighting ceremony, the event featured dignitaries including Dr. Vijay Kalantri, Chairman of WTC Mumbai, and Ms. Shirani Ariyarathne, Acting Consul General of Sri Lanka. Dr. Kalantri emphasized the need to double the existing $5 billion trade volume by leveraging regional frameworks like SAARC, APTA, SAFTA, and ISFTA. Ms. Ariyarathne noted India's position as Sri Lanka's largest import source and highlighted opportunities in sectors such as Ceylon tea, spices, apparel, batik, jewelry, electronics, and essential oils, adding that Sri Lanka's GSP+ status under the EU could benefit Indian exporters entering global markets. Mr. Mangala Wijesinghe, Chairman of the Export Development Board (EDB), discussed Sri Lanka's diversification into high-growth sectors like ICT, electronics, and processed food. He announced upcoming trade engagements including Sri Lanka Expo 2026 and the Design Mumbai Expo visit in November 2025. Tourism potential was reinforced by Mr. Buddhika Hewawasam, Chairman of Sri Lanka Tourism Development Authority, who announced a Travel Fair from July 31–August 2 and shared Sri Lanka's target of welcoming 3 million tourists through increased connectivity and digital tourism strategies. WTC Mumbai and AIAI will also lead a business delegation to Colombo in September 2025 to attend Industry 2025 Expo, featuring over 400 exhibitors. Meanwhile, Disrupt Asia 2025, a leading innovation summit in Sri Lanka, will debut a $50 million fund of funds and include startups from IIT Madras, shared Mr. Sachindra Samarasundara from ICT Agency of Sri Lanka. Mr. Suman Udayakumaran of Sri Lankan Airlines advocated for expanded air travel ties, noting India's aviation market growth and Sri Lanka's strategic proximity. The summit concluded with a united commitment to strengthen trade, tourism, technology, and innovation collaboration. With ISFTA as a catalyst, India and Sri Lanka are poised to build a more integrated and resilient Indo-Pacific economic corridor.
New Indian Express
24-06-2025
- Politics
- New Indian Express
MTS teachers protest transfer process in Krishna; demand local postings and fair treatment
VIJAYAWADA: Despite the State government's efforts to streamline teacher transfers, those under the Minimum Time Scale (MTS) system have voiced strong objections, staging protests and accusing the School Education Department of mismanagement and lack of empathy. Confusion marked the counselling process in Krishna district on Sunday for 285 MTS teachers from the DSC 1998 and 2008 batches. Only 285 vacancies—mostly in remote areas—were initially displayed by the District Education Office. The teachers boycotted the session, demanding postings closer to their homes or in schools they previously served. Many, nearing retirement and drawing low salaries, argued that sending them to far-off areas was unfair. AP Primary Teachers Association (APTA) leaders slammed the department for failing to address local vacancies. 'Posting MTS teachers to remote schools despite available local posts is inhumane,' said APTA state president AGS Ganapathi Rao. State general secretary K Prakash Rao urged authorities to adopt a humanitarian approach. Following protests in Machilipatnam, officials increased the vacancy list to 697 schools by 2 pm and announced counselling at 3 pm. However, the revised list lacked the Director of School Education's approval, delaying proceedings until 7.30 pm. DSC 1998 teacher Kabir said such issues were widespread. Teachers now await relief, hopeful that the DSC recruitments promised in August will provide clarity.
Express Tribune
21-04-2025
- Business
- Express Tribune
Ice melts inPak-Afghan ties, security lags
Listen to article Deputy Prime Minister and Foreign Minister Ishaq Dar's weekend visit to Kabul marked a major breakthrough on bilateral trade and other political issues. However, Afghan sources said on Sunday that matters related to security still require a long-term commitment to navigate this bumpy road. The sources told The Express Tribune that Dar's trip to Afghanistan on Saturday had multifaceted approaches to a variety of issues, including easing diplomatic tensions, trade enhancements, refugee resettlement, and the cross-border movements of the Tehreek-e-Taliban Pakistan (TTP). "Foreign Minister Dar himself accepted that the two sides are having a sour relationship between the two brotherly nations," said a source close to the Pak-Afghan ties. "Mistrust, trade deficit, repatriation of Afghan refugees, and a blame game over cross-border attacks irked Kabul," the source added. However, several analysts believed that Dar was successful on diplomatic front, as the ice melts between the countries through the high-level meeting aimed at resolving issues. "On his own ground of economy, Dar knew how to win, and he showed his skills, and played his cards well," said an analyst. In the economic and trade sector, an Afghan commerce ministry official told The Express Tribune Peshawar office that Pakistan would eliminate 1416 categories of additional tariffs on the Afghan transit goods. "This will result in the removal of 10% taxes on 867 types of products, and transit goods will once again benefit from the exemptions as before," he said. Besides, the 2% transit tax on Container Cross Stuffing (CSS) imposed by Khyber-Pakhtunkhwa government on Afghan containers would be reduced to 1%." Another concession for the Afghan traders was the replacement of "bank guarantees" with "insurance guarantees", which would ease procedures and lower financial burdens," the official said, adding: "I personally do not understand the difference between a bank guarantee and an insurance guarantee." Other benefits include limiting demurrage on Afghan goods at the Karachi port, provision of concessions on loading and handling, container exchange privileges, and exemptions from extra duties - all of which were considered incentives to the Afghan side. According to the sources, the Afghanistan-Pakistan Transit Agreement (APTA) would be finalised and implemented by June 30. On the bilateral engagements, the two sides agreed to form two committees on political and trade to meet periodically. During the talks, the Afghan side registered its grievances regarding the repatriation of the Afghan refugees. They were irked over the arrests of the refugees and "mishandling" of the deportation process by Islamabad, according to Afghan officials. However, Islamabad assured Kabul that none of the Afghan refugees would be forced to leave their immovable properties without selling it, and that they would be allowed take their valuables with them," they added. At the same time, Islamabad made it clear that certain miscreants should not use this leniency for smuggling, therefore, a system of checks and balances would be in place for screening of the departing refugees, the source continued. The Afghan side raised the concerns that "miscreants" should not enter Afghanistan in the guise of returning refugees. On that the Pakistani delegation assured that Kabul's apprehensions would be addressed accordingly. "Dar assured that Islamabad will never allow use of its soil against Afghanistan." On the TTP and matter related to security, according to security analysts and experts, a long-term commitment appeared lacking, as the Haqqani Network chief Siraj Uddin Haqqani did not attend any meeting with the Pakistani delegation. The sources opined that without Haqqani's commitment, Pakistan wouldn't see any pace in Khyber-Pakhtunkhwa or in Balochistan. 0one of the sources pointed out that Pakistan and Afghanistan had already formed the Joint Coordination Committee (JCC) where a report on TTP and other security issues were presented last month, adding that a serious outcome could be expected when Haqqani was part of decision making. Both sides portray that Dar's visit was successful on trade, diplomatic and economic grounds, hoping that its positive impact would be visible in June. Still Kabul sees refugees issue a thorn in bilateral ties, while Islamabad faced an uphill task in achieving breakthrough on TTP and other security issues. "If Islamabad hasn't sensed any changes on security grounds, we fear that any attack from across the border by Islamabad might wash away the entire efforts," a source from the Afghan capital told The Express Tribune. Foreign Minister Ishaq Dar undertook the ice-breaking visit nearly two months after both the countries came close to a potential all-out war over a spat triggered by Afghanistan's construction of a new post, on the Torkham border, which Pakistan deemed an infringement upon its sovereignty. The Torkham border was only reopened after painstaking talks brokered by traditional jirga. Once the border was reopened, the two sides began to speak to each other behind closed doors, not only to avoid repeated closure of border, but also found ways to remove stumbling blocks in the relationship. The primary obstacle remains the use of Afghan soil by the banned TTP and its affiliates against Pakistan. What adds to the complexity of the problem was that the TTP was employing more and more Afghan nationals for terrorist attacks. Some of the Afghans involved in terrorist attacks were close relatives of Afghan Taliban leaders. Pakistan told the Afghan government that without resolution of the TTP problem, there would be little room for cooperation. During behind the scene discussions, Taliban government admitted that TTP was a problem and sought time to address Pakistan's concerns. Islamabad on its part showed some flexibility and informed the Taliban government to at least take steps that prevent TTP from attacking Pakistan. Previously, Pakistan was demanding action against the TTP as well as arrest of their leaders. However, an official in Islamabad told The Express Tribune that Pakistan now asked the Taliban to take steps without resorting to use of force or arrests to stop TTP from using the Afghan soil. The official said the Taliban agreed and during a meeting of the Pakistan, Afghanistan Joint Coordination Committee (JCC) briefed the Pakistani side about the steps. One official disclosed that the Taliban government arrested several Afghan nationals for their potential involvement in terrorist activities in Pakistan. "It is a work in progress," noted an official, who believes that the Afghan Taliban also wanted to address the issue of TTP. During the ice-breaking visit by Foreign Minister Ishaq Dar to Kabul on Saturday, Afghan Interim Prime Minister Mullah Hassan Akhund assured him that Afghanistan would not allow its soil to be used against its neighbours including Pakistan. The public statement by a senior Taliban leader was meant to address Pakistan's concerns. In return for the Taliban government's fresh assurances, Pakistan removed some of the restrictions imposed on the Afghan transit trade. On his return from the daylong visit, Dar termed his visit as a precursor for a "new chapter" in the bilateral relationship between Pakistan and Afghanistan. "It is certainly a good start. Two months ago there was talk of a war but all those fears have given way to new optimism," commented a senior Pakistani official, who was privy to the development.
Associated Press
10-03-2025
- Business
- Associated Press
Orosur Mining Inc - Opening new fronts at Anzá
Orosur Mining Inc - opening new fronts at Anzá LONDON, UNITED KINGDOM / ACCESS Newswire / March 10, 2025 / Orosur Mining Inc. ('Orosur' or the 'Company') (TSXV:OMI)(AIM:OMI), is pleased to announce an update on the progress of exploration activities at the Company's flagship Anzá Project ('Project') in Colombia. ANZÁ Project The Anzá Project is now 100% owned by the Company following completion of a Share Purchase Agreement ('SPA'), announced 28th November 2024, whereby the Company purchased all of the shares of its previous JV partner, Minera Monte Aguila ('MMA'). The Project is located 50km west of Medellin and is easily accessible by all-weather roads and boasts excellent infrastructure including water, power and communications as well as a large exploration camp. The Project sits within the prolific mid-Cauca belt, Colombia's primary gold belt, and is located along strike between several world class gold/copper deposits including Buritica, Quebradona and Guayabales/Marmato (Figure 1.) From September 2018 to November 2024, the Anzá project was under the control of its previous JV partner MMA, itself a 50/50 venture between the world's two largest gold miners, Agnico Eagle Mines and Newmont Mining. As such, the Company has only been back in control of the Project for less than four months. Figure 1. Mid-Cauca Belt Prospects The Company is currently focussed on three prospects within the Anzá Project - Pepas, APTA and El Cedro. All three prospects are within the same granted exploration title that is broken into two, non-contiguous pieces (Figure 2). Drilling is currently being undertaken at the Pepas prospect in the northern extent of the Anzá Project (pre-acquisition) over 10km north of the central base camp at APTA. Post the MMA acquisition in late November 2024, the Company more than doubled its land holding in the mid-Cauca belt to 400km2, by virtue of gaining ownership of a large number of licence applications held by MMA. This makes the Company one of the major land holders in one of the world's most exciting gold belts. These applications have yet to be properly assessed by the Company as most financial and management resources have thus far been directed to drilling at Pepas Figure 2. Main prospects, licences pre-MMA acquisition Pepas Prospect Pepas was discovered by MMA in late 2021 by BLEG sampling and geological mapping, followed by 11 diamond drill holes in 2022 (PEP001 to PEP011). After completion of the transaction to buy MMA, the Company restarted drilling at the Pepas prospect in late-November 2024. Drilling commenced with hole PEP012, which was positioned to confirm previous high-grade results in holes PEP001, PEP005 and PEP007 drilled in 2022. Later holes were then rotated clockwise from PEP012 to begin to test what was considered by Company geological teams to be the controlling trend of SE to NW. The primary objective of the first phase of drilling by the Company was to attempt to understand the geological controls upon mineralisation first identified in 2022, so as to provide guidance for later step out drilling. Holes drilled and announced to date (PEP012 to PEP027) have all intersected substantial sequences of gold mineralisation, largely from surface, thus far manifested as a thick wedge of silicified tuffs within the keel of two converging faults. Chemical analysis suggests the mineralisation to be possibly a variant of a high sulphidation epithermal style, but with just over 1100m drilled thus far, there is yet insufficient information to fully define its genesis, structural controls or source. By definition, this style of mineralisation, is the shallower expression of a deeper source, which has yet to be examined as drilling has focussed on the high grade near surface material. Figure 2. Plan of holes Of these current five holes, two (PEP023 and PEP024) were drilled some distance from the currently defined core deposit, to test a small, medium grade outcrop of silicified material. Moderate intersections were recorded in complex series of veins in a different domain to previous drilling. This opens up a new target and will require more work. Hole PEP025 was drilled on section with PEP014, 021 and 022, to complete this section and to better define a central high-grade core around which a future resource might be developed. Hole PEP026 was drilled in the NW end underneath the discovery hole PEP001, to test a structure identified in early drilling. Broken ground was intersected in shallower sections, before a substantial gold intersection lower in the hole. PEP027 was drilled beyond the SE margin of previous drilling to test the depth extent of a large, silicified outcrop that was mapped to the south of the current area of focus, with a substantial thickness of gold mineralisation being intersected. The nature of this material suggests a later phase of mineralisation from the two main events seen to date, one that is slightly lower in grade than that so far defined. However, this zone appears thick and on surface, outcrop extends some distance southward and will be followed up in later drilling extending southward. Drill intersections for these most recent five holes are as follows: Table 1. Drill Intercepts Discussion Drilling thus far has been largely focussed within an area of roughly 150m x 150m. This has been done intentionally, both because the thick, high-grade mineralisation is potentially amenable to being moved to an economic resource very quickly, even within a small area, but also to allow time for development of targets and physical access toward the north where previously announced surface geochemistry has suggested substantial extension potential. As announced on February 4th 2025, previous surface geochemistry collected by MMA, has identified a large, highly anomalous region to the north of the current Pepas mineralisation. Company geological teams have begun to expand on this work, resulting in the identification of a large, highly mineralised channel sample some 200m north of the limit of current drilling (Figure 4). The Company is advanced in planning to move the drill rig into this zone, however this requires not only greater geological understanding to direct drilling, but also the development of physical access for rigs and machinery. While access work continues, the Company has just begun a drone aeromagnetic survey over the Pepas area, designed to provide high resolution geophysical data to assist in increasing understanding of the structural architecture of the Pepas deposit. This survey is expected to be completed within a week, with data being made available later in March. It is hoped these data may shed light on the sense of movement of later faults that would seem to have broken up the mineralisation, as well as providing vectors to a deeper source. Figure 4. Pepas soil sampling Metallurgy Last week a bulk composite sample of Pepas mineralisation was sent to a metallurgical laboratory in Canada for the first phase of metallurgical testing for Pepas. This work will be preliminary in nature, designed to provide guidance and parameters for future feasibility related metallurgical work. Holes Drilled post MMA transaction 14 holes have been drilled at Pepas since the MMA transaction in November 2024. Assay results are tabulated below. Table 2. Results to date, post MMA transaction El Cedro The El Cedro (and El Roble) prospect lies to the south of the same integrated licence that hosts both Pepas and APTA, and is roughly 4km south of the APTA base camp. Work on the area began some years ago before Orosur's tenure, when Anglo American undertook reconnaissance mapping and sampling, identifying a highly prospective gold/copper porphyry system. Little work was then undertaken until late 2021, when the Company's previous JV partner MMA re-entered the area to carry out mapping, sampling and ground geophysics that largely confirmed Anglo American's previous work and mapped several large dioritic intrusions and associated epithermal systems. Sampling was limited to creeks and drainages, and several small areas in the centre of the zone. However, wide areas of gold anomalism were identified in soils and channel samples, with assays above 5g/t Au identified across a large area, with associated copper and molybdenum anomalism (Figure 5). Older airborne magnetic data suggests the presence of a large intrusive complex demonstrating a 'ring' structure, often seen in such environments. The Company is currently in the advanced stages of logistical planning and socialisation to allow a large-scale sampling program to commence as soon as possible. Work will concentrate on confirmation of the previous phases of work by Anglo American and MMA and expanding the scope with ridge and spur soil sampling over a 2km x 2km area. It is hoped work can commence in March. Figure 5. El Cedro Sampling - historical and planned - over airborne magnetics Orosur CEO Brad George commented: 'Anzá has come a long way in no time at all. Pepas began with a bang and is now well into the phase of serious geological work to assess its size and metallurgical characteristics. In parallel, we are now commencing work at El Cedro to hopefully confirm this as a large gold porphyry system. Added to APTA and El Pantano we hope to soon have multiple major gold irons in the fire during a bouyant gold market - all owned 100%.' For further information, visit follow on X @orosurm or please contact: Orosur Mining Inc Louis Castro, Chairman, Brad George, CEO [email protected] Tel: +1 (778) 373-0100 SP Angel Corporate Finance LLP - Nomad & Joint Broker Jeff Keating / Jen Clarke / Devik Mehta Tel: +44 (0) 20 3470 0470 Turner Pope Investments (TPI) Ltd - Joint Broker Andy Thacker/James Pope Tel: +44 (0)20 3657 0050 Flagstaff Communications and Investor Communications Tim Thompson Mark Edwards Fergus Mellon [email protected] Tel: +44 (0)207 129 1474 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Drill Hole Details - Pepas prospect 2022/2024 Programme* Hole ID Easting (m) Northing (m) Elevation asl (m) Dip (°) Azimuth (°) PEP-001 403384 705000 1001 -50 150 PEP-002 403384 705000 1001 -60 290 PEP-003 403240 705142 1001 -49.60 95.2 PEP-004 403508 705671 838 -59.8 99.8 PEP-005 403373 704990 1008 -49.8 94.6 PEP-007 403374 704990 1008 -69.9 170 PEP-008 403232 704803 971 -50 60 PEP-009 403032 705057 1055 -50 80 PEP-010 403375 705106 982 -50.31 190.4 PEP-011 403573 704939 1001 -50.3 255 PEP-012 403415 704890 997 -56 352 PEP-013 403413 704887 997 -50 43 PEP-014 403400 704910 1007 -50 43 PEP-015 403375 704938 1017 -50 43 PEP-016 403326 704912 999 -50 43 PEP-017 403365 704848 976 -40 47 PEP-018 403345 704851 977 -45 43 PEP-019 403446 704890 991 -45 43 PEP-020 403446 704890 991 -75 43 PEP-021 403424 704935 1012 -62 223 PEP-022 403424 704935 1012 -42 223 PEP-023 403245 704927 969 -50 43 PEP-024 403245 704927 969 -78 43 PEP-025 403369 704888 1001 -45 43 PEP-026 403339 704955 1008 -63 50 PEP-027 403468 704909 1003 -46 228 * Coordinates WGS84, UTM Zone 18 About Orosur Mining Inc. Orosur Mining Inc. (TSXV: OMI; AIM: OMI) is a minerals explorer and developer currently operating in Colombia, Argentina and Nigeria. About the Anzá Project Anzá is a gold exploration project, comprising three exploration licences, a small exploitation permit and a large number of licence applications, totalling 399km2, in the prolific Mid-Cauca belt of Colombia. The Anzá Project is currently wholly owned by Orosur via its subsidiaries, Minera Anzá S.A. and Minera Monte Aquila S.A.S. The project is located 50km west of Medellin and is easily accessible by all-weather roads and boasts excellent infrastructure including water, power, communications and large exploration camp. Qualified Persons Statement The information in this news release was compiled, reviewed and verified by Mr. Brad George, BSc Hons (Geology and Geophysics), MBA, Member of the Australian Institute of Geoscientists (MAIG), CEO of Orosur Mining Inc. and a qualified person as defined by National Instrument 43-101. Orosur Mining Inc. staff follow standard operating and quality assurance procedures to ensure that sampling techniques and sample results meet international reporting standards. Drill core is split in half over widths that vary between 0.3m and 2m, depending upon the geological domain. One half is kept on site in the Minera Anzá core storage facility, with the other sent for assay. Industry standard QAQC protocols are put in place with approximately 10% of total submitted samples being blanks, repeats or Certified Reference Materials (CRMs). Samples for holes PEP-001 to PEP-011 were sent to the Medellin preparation facility of ALS Colombia Ltd, and then to the ISO 9001 certified ALS Chemex laboratory in Lima, Peru. Samples from PEP-012 onwards are sent to Medellin laboratory of Actlabs for preparation and assay. 30 gram nominal weight samples are then subject to fire assay and AAS analysis for gold with gravimetric re-finish for overlimit assays of >5 g/t. ICP-MS Ultra-Trace level multi-element four-acid digest analyses may also undertaken for such elements as silver, copper, lead and zinc, etc. Gold intersections are reported using a lower cut-off of 0.3g/t Au over 3m. Forward Looking Statements All statements, other than statements of historical fact, contained in this news release constitute 'forward looking statements' within the meaning of applicable securities laws, including but not limited to the 'safe harbour' provisions of the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release. Forward-looking statements include, without limitation, the continuing focus on the Pepas prospect, the exploration plans in Colombia and the funding of those plans, and other events or conditions that may occur in the future. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such forward-looking statements. Such statements are subject to significant risks and uncertainties including, but not limited to those described in the Section 'Risks Factors' of the Company's MD&A for the year ended May 31, 2024. The Company's continuance as a going concern is dependent upon its ability to obtain adequate financing, to reach profitable levels of operations and to reach a satisfactory closure of the Creditor´s Agreement in Uruguay. These material uncertainties may cast significant doubt upon the Company's ability to realize its assets and discharge its liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles applicable to a going concern. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law.
Yahoo
10-03-2025
- Business
- Yahoo
Orosur Mining Inc - Opening new fronts at Anzá
Orosur Mining Inc - opening new fronts at Anzá Assays from five more holes at Pepas, including: PEP025 - 62.5m @ 5.4g/t Au PEP026 - 28.4m @ 2.52 g/t Au PEP027 - 79.15m @ 2.0g/t Au Aeromagnetic survey commenced over Pepas Access north of Pepas being developed Pepas metallurgical samples submitted for preliminary analysis Planning advanced major soil program at El Cedro LONDON, UNITED KINGDOM / / March 10, 2025 / Orosur Mining Inc. ("Orosur" or the "Company") (TSXV:OMI)(AIM:OMI), is pleased to announce an update on the progress of exploration activities at the Company's flagship Anzá Project ("Project") in Colombia. ANZÁ ProjectThe Anzá Project is now 100% owned by the Company following completion of a Share Purchase Agreement ("SPA"), announced 28th November 2024, whereby the Company purchased all of the shares of its previous JV partner, Minera Monte Aguila ("MMA"). The Project is located 50km west of Medellin and is easily accessible by all-weather roads and boasts excellent infrastructure including water, power and communications as well as a large exploration camp. The Project sits within the prolific mid-Cauca belt, Colombia's primary gold belt, and is located along strike between several world class gold/copper deposits including Buritica, Quebradona and Guayabales/Marmato (Figure 1.) From September 2018 to November 2024, the Anzá project was under the control of its previous JV partner MMA, itself a 50/50 venture between the world's two largest gold miners, Agnico Eagle Mines and Newmont Mining. As such, the Company has only been back in control of the Project for less than four months. Figure 1. Mid-Cauca Belt ProspectsThe Company is currently focussed on three prospects within the Anzá Project - Pepas, APTA and El Cedro. All three prospects are within the same granted exploration title that is broken into two, non-contiguous pieces (Figure 2). Drilling is currently being undertaken at the Pepas prospect in the northern extent of the Anzá Project (pre-acquisition) over 10km north of the central base camp at APTA. Post the MMA acquisition in late November 2024, the Company more than doubled its land holding in the mid-Cauca belt to 400km2, by virtue of gaining ownership of a large number of licence applications held by MMA. This makes the Company one of the major land holders in one of the world's most exciting gold belts. These applications have yet to be properly assessed by the Company as most financial and management resources have thus far been directed to drilling at Pepas Figure 2. Main prospects, licences pre-MMA acquisition Pepas ProspectPepas was discovered by MMA in late 2021 by BLEG sampling and geological mapping, followed by 11 diamond drill holes in 2022 (PEP001 to PEP011). After completion of the transaction to buy MMA, the Company restarted drilling at the Pepas prospect in late-November 2024. Drilling commenced with hole PEP012, which was positioned to confirm previous high-grade results in holes PEP001, PEP005 and PEP007 drilled in 2022. Later holes were then rotated clockwise from PEP012 to begin to test what was considered by Company geological teams to be the controlling trend of SE to NW. The primary objective of the first phase of drilling by the Company was to attempt to understand the geological controls upon mineralisation first identified in 2022, so as to provide guidance for later step out drilling. Holes drilled and announced to date (PEP012 to PEP027) have all intersected substantial sequences of gold mineralisation, largely from surface, thus far manifested as a thick wedge of silicified tuffs within the keel of two converging faults. Chemical analysis suggests the mineralisation to be possibly a variant of a high sulphidation epithermal style, but with just over 1100m drilled thus far, there is yet insufficient information to fully define its genesis, structural controls or source. By definition, this style of mineralisation, is the shallower expression of a deeper source, which has yet to be examined as drilling has focussed on the high grade near surface material. Figure 2. Plan of holes Of these current five holes, two (PEP023 and PEP024) were drilled some distance from the currently defined core deposit, to test a small, medium grade outcrop of silicified material. Moderate intersections were recorded in complex series of veins in a different domain to previous drilling. This opens up a new target and will require more work. Hole PEP025 was drilled on section with PEP014, 021 and 022, to complete this section and to better define a central high-grade core around which a future resource might be developed. Hole PEP026 was drilled in the NW end underneath the discovery hole PEP001, to test a structure identified in early drilling. Broken ground was intersected in shallower sections, before a substantial gold intersection lower in the hole. PEP027 was drilled beyond the SE margin of previous drilling to test the depth extent of a large, silicified outcrop that was mapped to the south of the current area of focus, with a substantial thickness of gold mineralisation being intersected. The nature of this material suggests a later phase of mineralisation from the two main events seen to date, one that is slightly lower in grade than that so far defined. However, this zone appears thick and on surface, outcrop extends some distance southward and will be followed up in later drilling extending southward. Drill intersections for these most recent five holes are as follows: Hole Number From (m) To (m) Interval (m) Au (g/t) PEP023 0 15 15 1.7 35.4 45.5 10.1 0.54 PEP024 9.24 15.6 6.35 1.99 34.6 42.5 7.9 0.42 PEP025 0 10.1 10.1 1.46 16.5 79 62.5 5.4 including 33.6 42.1 8.5 22.54 58.8 69.2 10.4 6.3 PEP026 0 14.8 14.8 0.57 43.6 72 28.4 2.52 including 53.3 56.85 3.55 8.04 63.8 69.7 5.9 4.38 PEP027 1 80.15 79.15 2.0 including 19.1 41.35 22.25 3.48 Table 1. Drill Intercepts DiscussionDrilling thus far has been largely focussed within an area of roughly 150m x 150m. This has been done intentionally, both because the thick, high-grade mineralisation is potentially amenable to being moved to an economic resource very quickly, even within a small area, but also to allow time for development of targets and physical access toward the north where previously announced surface geochemistry has suggested substantial extension potential. As announced on February 4th 2025, previous surface geochemistry collected by MMA, has identified a large, highly anomalous region to the north of the current Pepas mineralisation. Company geological teams have begun to expand on this work, resulting in the identification of a large, highly mineralised channel sample some 200m north of the limit of current drilling (Figure 4). The Company is advanced in planning to move the drill rig into this zone, however this requires not only greater geological understanding to direct drilling, but also the development of physical access for rigs and machinery. While access work continues, the Company has just begun a drone aeromagnetic survey over the Pepas area, designed to provide high resolution geophysical data to assist in increasing understanding of the structural architecture of the Pepas deposit. This survey is expected to be completed within a week, with data being made available later in March. It is hoped these data may shed light on the sense of movement of later faults that would seem to have broken up the mineralisation, as well as providing vectors to a deeper source. Figure 4. Pepas soil sampling MetallurgyLast week a bulk composite sample of Pepas mineralisation was sent to a metallurgical laboratory in Canada for the first phase of metallurgical testing for Pepas. This work will be preliminary in nature, designed to provide guidance and parameters for future feasibility related metallurgical work. Holes Drilled post MMA transaction14 holes have been drilled at Pepas since the MMA transaction in November results are tabulated below. Hole Number From (m) To (m) Interval (m) Au (g/t) PEP012 0 66.75 66.75 5.64 PEP013 0 77.30 77.30 7.68 PEP014 0 75.1 75.1 5.58 PEP015 23.5 63.7 40.2 3.75 PEP016 61.6 105.3 43.7 3.13 PEP017 56.1 96.3 40.2 2.06 PEP018 0 54.1 54.1 6.01 PEP019 0 44.3 44.3 1.63 PEP020 0 54.65 54.65 1.94 PEP021 0 107.05 107.05 6.22 PEP022 0 76.3 76.3 7.24 PEP023 0 15 15 1.7 PEP024 9.24 15.6 6.35 1.99 PEP025 0 10.1 10.1 1.45 16.5 79 62.5 5.4 PEP026 0 14.8 14.8 0.57 43.6 72 28.4 2.52 PEP027 1 80.15 79.15 2.0 Table 2. Results to date, post MMA transaction El CedroThe El Cedro (and El Roble) prospect lies to the south of the same integrated licence that hosts both Pepas and APTA, and is roughly 4km south of the APTA base camp. Work on the area began some years ago before Orosur's tenure, when Anglo American undertook reconnaissance mapping and sampling, identifying a highly prospective gold/copper porphyry system. Little work was then undertaken until late 2021, when the Company's previous JV partner MMA re-entered the area to carry out mapping, sampling and ground geophysics that largely confirmed Anglo American's previous work and mapped several large dioritic intrusions and associated epithermal systems. Sampling was limited to creeks and drainages, and several small areas in the centre of the zone. However, wide areas of gold anomalism were identified in soils and channel samples, with assays above 5g/t Au identified across a large area, with associated copper and molybdenum anomalism (Figure 5). Older airborne magnetic data suggests the presence of a large intrusive complex demonstrating a "ring" structure, often seen in such environments. The Company is currently in the advanced stages of logistical planning and socialisation to allow a large-scale sampling program to commence as soon as possible. Work will concentrate on confirmation of the previous phases of work by Anglo American and MMA and expanding the scope with ridge and spur soil sampling over a 2km x 2km area. It is hoped work can commence in March. Figure 5. El Cedro Sampling - historical and planned - over airborne magnetics Orosur CEO Brad George commented:"Anzá has come a long way in no time at all. Pepas began with a bang and is now well into the phase of serious geological work to assess its size and metallurgical characteristics. In parallel, we are now commencing work at El Cedro to hopefully confirm this as a large gold porphyry system. Added to APTA and El Pantano we hope to soon have multiple major gold irons in the fire during a bouyant gold market - all owned 100%." For further information, visit follow on X @orosurm or please contact: Orosur Mining IncLouis Castro, Chairman,Brad George, CEOinfo@ +1 (778) 373-0100 SP Angel Corporate Finance LLP - Nomad & Joint BrokerJeff Keating / Jen Clarke / Devik MehtaTel: +44 (0) 20 3470 0470 Turner Pope Investments (TPI) Ltd - Joint Broker Andy Thacker/James PopeTel: +44 (0)20 3657 0050 Flagstaff Communications and Investor Communications Tim ThompsonMark EdwardsFergus Mellon orosur@ Tel: +44 (0)207 129 1474 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Drill Hole Details - Pepas prospect 2022/2024 Programme* Hole ID Easting (m) Northing (m) Elevation asl (m) Dip (°) Azimuth (°) PEP-001 403384 705000 1001 -50 150 PEP-002 403384 705000 1001 -60 290 PEP-003 403240 705142 1001 -49.60 95.2 PEP-004 403508 705671 838 -59.8 99.8 PEP-005 403373 704990 1008 -49.8 94.6 PEP-007 403374 704990 1008 -69.9 170 PEP-008 403232 704803 971 -50 60 PEP-009 403032 705057 1055 -50 80 PEP-010 403375 705106 982 -50.31 190.4 PEP-011 403573 704939 1001 -50.3 255 PEP-012 403415 704890 997 -56 352 PEP-013 403413 704887 997 -50 43 PEP-014 403400 704910 1007 -50 43 PEP-015 403375 704938 1017 -50 43 PEP-016 403326 704912 999 -50 43 PEP-017 403365 704848 976 -40 47 PEP-018 403345 704851 977 -45 43 PEP-019 403446 704890 991 -45 43 PEP-020 403446 704890 991 -75 43 PEP-021 403424 704935 1012 -62 223 PEP-022 403424 704935 1012 -42 223 PEP-023 403245 704927 969 -50 43 PEP-024 403245 704927 969 -78 43 PEP-025 403369 704888 1001 -45 43 PEP-026 403339 704955 1008 -63 50 PEP-027 403468 704909 1003 -46 228 * Coordinates WGS84, UTM Zone 18 About Orosur Mining Mining Inc. (TSXV: OMI; AIM: OMI) is a minerals explorer and developer currently operating in Colombia, Argentina and Nigeria. About the Anzá ProjectAnzá is a gold exploration project, comprising three exploration licences, a small exploitation permit and a large number of licence applications, totalling 399km2, in the prolific Mid-Cauca belt of Colombia. The Anzá Project is currently wholly owned by Orosur via its subsidiaries, Minera Anzá S.A. and Minera Monte Aquila S.A.S. The project is located 50km west of Medellin and is easily accessible by all-weather roads and boasts excellent infrastructure including water, power, communications and large exploration camp. Qualified Persons StatementThe information in this news release was compiled, reviewed and verified by Mr. Brad George, BSc Hons (Geology and Geophysics), MBA, Member of the Australian Institute of Geoscientists (MAIG), CEO of Orosur Mining Inc. and a qualified person as defined by National Instrument 43-101. Orosur Mining Inc. staff follow standard operating and quality assurance procedures to ensure that sampling techniques and sample results meet international reporting standards. Drill core is split in half over widths that vary between 0.3m and 2m, depending upon the geological domain. One half is kept on site in the Minera Anzá core storage facility, with the other sent for assay. Industry standard QAQC protocols are put in place with approximately 10% of total submitted samples being blanks, repeats or Certified Reference Materials (CRMs). Samples for holes PEP-001 to PEP-011 were sent to the Medellin preparation facility of ALS Colombia Ltd, and then to the ISO 9001 certified ALS Chemex laboratory in Lima, Peru. Samples from PEP-012 onwards are sent to Medellin laboratory of Actlabs for preparation and assay. 30 gram nominal weight samples are then subject to fire assay and AAS analysis for gold with gravimetric re-finish for overlimit assays of >5 g/t. ICP-MS Ultra-Trace level multi-element four-acid digest analyses may also undertaken for such elements as silver, copper, lead and zinc, etc. Gold intersections are reported using a lower cut-off of 0.3g/t Au over 3m. Forward Looking StatementsAll statements, other than statements of historical fact, contained in this news release constitute "forward looking statements" within the meaning of applicable securities laws, including but not limited to the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release. Forward-looking statements include, without limitation, the continuing focus on the Pepas prospect, the exploration plans in Colombia and the funding of those plans, and other events or conditions that may occur in the future. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such forward-looking statements. Such statements are subject to significant risks and uncertainties including, but not limited to those described in the Section "Risks Factors" of the Company's MD&A for the year ended May 31, 2024. The Company's continuance as a going concern is dependent upon its ability to obtain adequate financing, to reach profitable levels of operations and to reach a satisfactory closure of the Creditor´s Agreement in Uruguay. These material uncertainties may cast significant doubt upon the Company's ability to realize its assets and discharge its liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles applicable to a going concern. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Orosur Mining Inc. View the original press release on ACCESS Newswire Sign in to access your portfolio
