Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: TSX-V / AIM
Sector: Gold Mining
Epic: OMI
News: Latest news
Web Site: Orosur Mining
Other Articles: 01-09-201031-08-201012-08-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

FULL ARTICLE ►
Orosur Mining

Orosur Mining

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.

CLICK HERE FOR FULL ANLAYSIS OF OROSUR MINING
Monday, January 11, 2010

Gladiator Resources options Orosur Mining’s iron ore, manganese and base metal interests in Uruguay

company news image

South American gold explorer and gold producer, Orosur Mining (TSX-V:OMI, AIM:OMI), has entered into an Option Agreement with Gladiator Resources (ASX: GLA)("Gladiator") which gives Gladiator the right to earn up to an 80% interest in the iron ore, manganese ore and base metals potential in Orosur Mining’s project area in the Isla Cristalina Belt in Uruguay.

During the option period Gladiator is committed to spend US$150,000 on evaluation work and produce a report covering the iron ore and manganese resource potential of the Isla Cristalina Belt project area together with a conceptual development plan.

“Based on Gladiator's initial understanding of the resource potential of the Project area, a number of development possibilities are expected to be considered including the production of concentrates, production of iron ore pellets and production of pig iron and ferro alloys,” Orosur Mining noted. “Gladiator must complete its report and may exercise the option to proceed on or before 30 April 2010 by entering into a Definitive Agreement.”

If Gladiator does execute the agreement, it will issue Orosur Mining with 100,000 shares, and will earn an initial 20% interest by spending US$1 million on the project. Gladiator can increase its stake to 51% by expending a further US$4 million, and ultimately to 80% if it completes a Bankable Feasibility Study (BFS) before December 31, 2014.

Orosur Mining will retain the rights to gold, silver and diamonds in the project area, and has agreed to provide Gladiator with airborne and ground geophysics, geological maps, drilling and other data relevant to iron ore exploration in the project area.

David Fowler, Chief Executive Officer of OMI stated: "Historical work has indicated that there is the potential to define significant iron ore resources within the Isla Cristalina Belt. We are pleased to partner with Gladiator's management, who has significant experience in developing iron ore projects, to investigate this potential."

AddThis Feed Button
Register here to be notified of future Orosur Mining articles.

Other Orosur Mining articles


Other Orosur Mining news

More news ►

Investors interested in Orosur Mining recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.