Drilling Report

Drilling Report

Orosur Mining Inc.

Orosur Mining Inc.

Completion of Drilling Program and Further Drill Results for Pantanillo

Orosur Mining Inc. (“OMI” or “the Company”), today announced further drill results for Pantanillo. The drill program of 30 diamond and RC drill holes for 5,637 meters has now been completed.

David Fowler, Chief Executive Officer commented: “Orosur is well on its way to defining a NI 43-101 compliant resource at Pantanillo. All of the 24 drill holes received to date were mineralized and the deposit remains open at depth. The recent drilling program at Pantanillo targeted the oxidized portion of the deposit and a scoping study is underway. Assays from the remaining 7 holes of the initial program are expected during May. No further drilling could be completed this summer season.”

“Additionally, exploration work has commenced at the Anillo project in Northern Chile which sits north east of the El Peñon Mine. A regional, first pass mapping program has already been completed and a surface geochemical sampling program is ready to commence. In summary, I am very pleased with the rapid progress that our Chilean Exploration team has made”.

Pantanillo

The Pantanillo property is optioned from Anglo American Norte S.A., a subsidiary of Anglo American PLC. The project is located in the Maricunga Belt of Chile, approximately 30 km north of the Maricunga Mine operated by Kinross Gold Inc. Drilling has been focused on the Pantanillo Norte target.

Preliminary results for the first 9 holes of the program were reported on April 15t, 2010. Complete results for the first 24 holes are reported in the table below. Results are reported with a 0.3g/t Au cut off grade and may include zones up to 4m of internal dilution by lower grade material. Copper values for the same intervals are also reported as Cu%. Samples were analyzed by ACME Labs in Santiago, Chile and a comprehensive internal QAQC program supports the validity of all reported results.

New Results

Drill Hole   Au Intercept (0.3g/t)0.3g/t)   Cu (%)   From
PNN-10-11RC 25m @ 0.64g/t 0.016 14
PNN-10-11RC includes
PNN-10-11RC 1m @ 5.68g/t 0.013 37
PNN-10-11RC 4m @ 0.74g/t 0.015 195
PNN-10-12DDH 32m @ 0.51g/t 0.023 124
PNN-10-13DDH 12m @ 0.53g/t 0.034 58
PNN-10-13DDH 38m @ 0.36g/t 0.038 82
PNN-10-14RC 54m @ 0.68g/t 0.020 47
PNN-10-14RC includes
PNN-10-14RC 5m @ 1.27g/t 0.036 60
PNN-10-14RC 15m @ 0.66g/t 0.051 111
PNN-10-14RC 6m @ 0.43g/t 0.028 151
PNN-10-15DDH 20m @ 1.32g/t 0.003 0
PNN-10-15DDH 41m @ 1.50g/t 0.050 180
PNN-10-16RC 10m @ 0.43g/t 0.004 61
PNN-10-16RC 21m @ 0.52g/t 0.007 77
PNN-10-16RC 4m @ 0.50g/t 0.010 103
PNN-10-16RC 21m @ 0.43g/t 0.039 179
PNN-10-17RC 58m @ 1.11g/t 0.025 119
PNN-10-17RC includes
PNN-10-17RC 11m @ 2.06g/t 0.015 144
PNN-10-17RC 15m @ 0.47g/t 0.012 235
PNN-10-18RC 6m @ 0.91g/t 0.005 59
PNN-10-18RC 64m @ 0.99g/t 0.016 69
PNN-10-18RC includes
PNN-10-18RC 20m @ 1.85g/t 0.021 97
PNN-10-18RC 51m @ 0.61g/t 0.022 149
PNN-10-18RC includes
PNN-10-18RC 6m @ 1.17g/t 0.018 190
PNN-10-19RC 20m @ 1.59g/t 0.016 2
PNN-10-19RC 70 @ 0.92g/t 0.046 44
PNN-10-19RC includes
PNN-10-19RC 7m @ 2.24g/t 0.071 75
PNN-10-20RC 29m @ 0.94g/t 0.011 3
PNN-10-20RC includes
PNN-10-20RC 5m @ 2.16g/t 0.009 15
PNN-10-20RC 11m @ 0.74g/t 0.010 38
PNN-10-21DDH 30.5m @ 1.00g/t 0.041 188
PNN-10-22DDH 8m @ 0.47g/t 0.009 22
PNN-10-22DDH 28m @ 1.17g/t 0.066 78
PNN-10-22DDH 15.1m @ 0.59g/t 0.051 160
PNN-10-23RC 2m @ 0.78g/t 0.008 3
PNN-10-23RC 10m @ 0.38g/t 0.005 10
PNN-10-23RC 26m @ 0.50g/t 0.035 51
PNN-10-23RC 8m @ 0.40g/t 0.039 93
PNN-10-23RC 13m @ 0.44g/t 0.052 113
PNN-10-23RC 9m @ 0.36g/t 0.03 128
PNN-10-24RC 14m @ 0.47g/t 0.039 35
PNN-10-24RC 14m @ 0.64g/t 0.034 62
 

Previously reported results

Drill Hole   Au Intercept (0.3g/t)0.3g/t)   Cu (%)   From
PNN-10-01DDH 12m @ 1.41g/t 0.036 60
PNN-10-01DDH 71.4 @ 0.94g/t 0.016 130
PNN-10-02DDH 54m @ 0.53g/t 0.015 108
PNN-10-02DDH 12m @ 0.32g/t 0.011 180
PNN-10-02DDH 38m @ 0.77g/t 0.024 202
PNN-10-03DDH 66m @ 0.93g/t 0.028 26
PNN-10-03DDH 55.9m @ 0.79g/t 0.044 140
PNN-10-04DDH 4m @ 0.65g/t 0.030 76
PNN-10-04DDH 4m @ 0.56g/t 0.030 90
PNN-10-04DDH 74m @ 1.36g/t 0.018 150
PNN-10-04DDH includes
PNN-10-04DDH 16m @ 3.53g/t 0.010 204
PNN-10-04DDH 27.5m @ 0.99g/t 0.021 230
PNN-10-05DDH 6m @ 1.00g/t 0.004 48
PNN-10-05DDH 82m @ 0.53g/t 0.032 140
PNN-10-06DDH 72m @ 0.55g/t 0.017 4
PNN-10-06DDH includes
PNN-10-06DDH 10m @ 1.14g/t 22
PNN-10-06DDH 40m @ 1.37g/t 0.026 82
PNN-10-06DDH includes
PNN-10-06DDH 16m @ 2.15g/t 0.035 98
PNN-10-06DDH 28m @ 0.52g/t 0.022 140
PNN-10-06DDH 6m @ 0.41g/t 0.019 176
PNN-10-07RC 5m @ 0.34g/t 0.002 52
PNN-10-07RC 37m @ 0.48g/t 0.020 130
PNN-10-07RC 5m @ 0.42g/t 0.016 182
PNN-10-07RC 4m @ 0.62g/t 0.009 195
PNN-10-08DDH 58m @ 0.57g/t 0.031 42
PNN-10-08DDH 12m @ 0.47g/t 0.020 152
PNN-10-09DDH 8m @ 2.23g/t 0.053 124
PNN-10-10DDH 8m @ 0.93g/t 0.005 22
 

The drilling program at Pantanillo included 19 diamond drill holes for 3,785 meters and 11 RC holes for 1,853 meters. Drill holes were spaced along 100m NE oriented section lines with drill collar spacing also at 100m. Including the historic drilling the resource is now defined by an approximately 50m by 50m spaced drill grid. Drill holes were angled at -60 to -80 degrees towards the NE and an effort was made to stagger RC with diamond drilling. Diamond drilling was completed with oriented core. Individual sample lengths averaged 2 meters for diamond and 1 meter for RC.

Anillo

The Anillo property is optioned from the Chilean state owned mining company, Codelco. The property is located north northeast of the El Peñon mine operated by Yamana Gold Inc. Orosur has commenced an exploration program targeting high grade vein mineralization similar to that being mined at El Peñon. The Pampa Victoria discovery recently made by Yamana is approximately 5 km to the west and south of key targets identified by OMI. A 1:10000 scale regional geological mapping began in March 2010 and focused on higher priority target areas established by OMI. A detailed surface geochemical sampling program including stream sediments and rock chips will begin in the second half of May. Trenching on a number of targets will commence in June with drilling expected to follow later in calendar 2010.

Qualified Person's Statement
The information presented in this press release has been reviewed by Devin den Boer, PGeo, OMI Exploration Manager and is considered to be in compliance with NI 43-101 reporting guidelines. Mr. den Boer has a Bachelor of Science (Geological Sciences) Degree from the University of British Columbia, is a registered member of APEGBC and has over 13 years of international experience in minerals exploration. The information presented in this press release has been reviewed by Devin den Boer, PGeo, OMI Exploration Manager and is considered to be in compliance with NI 43-101 reporting guidelines. Mr. den Boer has a Bachelor of Science (Geological Sciences) Degree from the University of British Columbia, is a registered member of APEGBC and has over 13 years of international experience in minerals exploration.

Forward Looking Statements
All statements, other than statements of historical fact, contained or incorporated by reference in this news release, including any information as to the future financial or operating performance of the Company, constitute "forward-looking statements" within the meaning of certain securities laws, including the "safe harbour" provisions of the Securities Act (Ontario) and 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. There can be no assurance that such statements will prove to be accurate, such statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements include, without limitation success of exploration activities; permitting time lines; the failure of plant; equipment or processes to operate as anticipated; accidents; labour disputes; requirements for additional capital title disputes or claims and limitations on insurance coverage. 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. All statements, other than statements of historical fact, contained or incorporated by reference in this news release, including any information as to the future financial or operating performance of the Company, constitute "forward-looking statements" within the meaning of certain securities laws, including the "safe harbour" provisions of the Securities Act (Ontario) and 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. There can be no assurance that such statements will prove to be accurate, such statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements include, without limitation success of exploration activities; permitting time lines; the failure of plant; equipment or processes to operate as anticipated; accidents; labour disputes; requirements for additional capital title disputes or claims and limitations on insurance coverage. 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ENDS

About Orosur Mining Inc.
Orosur Mining Inc. is a fully integrated gold production and exploration company focused on identifying and developing gold projects in Latin America. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of high quality assets in Uruguay and Chile. The Company is quoted in Canada (TSX-Venture Exchange: OMI) and London (AIM: OMI). Orosur Mining Inc. is a fully integrated gold production and exploration company focused on identifying and developing gold projects in Latin America. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of high quality assets in Uruguay and Chile. The Company is quoted in Canada (TSX-Venture Exchange: OMI) and London (AIM: OMI).

For further information, please contact:
 

Orosur Mining Inc

David Fowler, CEO:

Ignacio Salazar, CFO + 598 2 6016354; info@orosur.ca

 

Matrix Corporate Capital LLP (Nominated Adviser & Broker)

Louis Castro, +44 (0) 203 206 7209
Tim Graham, +44 (0) 203 206 7206
 

In North America

Forbes West 416-203-2200 forbes@sherbournegroup.ca

 

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