War usually sends people into gold. Not in March, after the Iran war began.
Stocks were falling too and investors needed cash. Gold is the easiest thing to sell, so it went first. March became the third busiest month for gold trading on record.
Gold was spent, not abandoned.
Update today.
Drilling would on first observation now seem to have defined the northern limit of Pepas West, although a bit more poking around may be required. But now we have sorted access, we can shift the rig to examine the juicy outcrops toward the southern end.
Only once we have found the ends and edges can we move back in to infill the deposit.
https://t.co/RCchzQg3cl
Bit more detail on why I have been adding to my OROSUR MINING (OMI) position below. Hope clarifies!
The backstory matters and back in early 2025, two drill holes hinted at something interesting sitting 100m outside the western boundary of the PEPAS resource. Management decided to park it though and focused all their resources on completing the PEPAS MRE first. That we know delivered a shallow, near surface resource at a world class 5.11g/t.
But then in April, the team choose to head West again and made a material discovery with two holes intersecting significant gold from surface:
- PEP082: 26.4m @ 2.85g/t Au from 5.3m
- PEP083: 14.45m @ 8.27g/t Au from surface - and within that, a remarkable high-grade core of 2.55m @ 42.7g/t
The mineralisation visually similar to Pepas, clearly showing evidence of the same mineralising events. The message conveyed was that they believed Pepas is part of a larger system.
This week the discovery was compounded with significant results and expansion. Look at what PEPAS WEST has just returned (and fwiw, anything above 1g/t over meaningful width is considered solid):
PEP090: 23.45m @ 2.98g/t - The standout. Nearly 24 metres approaching 3g/t
- PEP085: 16.1m @ 2.68g/t
- PEP087: 21.7m @ 1.42g/t
- PEP088: 9.8m @ 1.41g/t
And this is where it’s really important to note that it’s not just the grade, it’s what PEP090 tells us about the size of the zone. This is certainly changes the conversation from “interesting zone” to “how big is this?” OMI have drilled 30m to the northwest and are still finding thick near-surface gold here. That proves at least 100m of continuous strike and the ends haven’t been found yet. It’s open and they don’t know where it stops.
“From surface” or “near surface” matters enormously too as it means substantially cheaper, more straightforward mining where no expensive deep shaft sinking is required.
As for now, the rig has temporarily moved south of Pepas, where a PEPAS SOUTH target is now being tested. When it returns to PEPAS WEST shortly, expect more step-out holes trying to find the edges - or proving there aren’t any nearby!
The big headline anyway is that there’s a narrative shift from “one deposit” at PEPAS to “district-scale potential” with breathtaking grades and widths being found.
Oh and roll on the future, nearer term results at EL CEDRO, EL PANTANO and APTA too!
—Company Update— @OrosurM files 43-101 technical report for its Anza Project in Colombia.
The report supports disclosures made in 10 Feb 2026 announcement, and can be found at https://t.co/BYnL9OrmiO & by reviewing #OMI profile on https://t.co/2mmpKysiEd
https://t.co/EYTPdZAhro
El Pantano done, team now hitting Anza today. Pull together the Grand Pepas geological program, get an update on the PTO, finalise the 43-101 report that is required as part of the Pepas MRE, plan more metallurgy, prepare for second rig at APTA, start the drone mag, and assess results from the first mapping and sampling undertaken at the second porphyry at El Cedro
Market seems to have its attention elsewhere at the moment, but doesn’t mean we stop work
#OMI
Wow what an interview!
-Multiple options to fund Pepas without dilution including pre-selling gold concentrate to copper mills
-Pepas cashflow will be HUGE
-2 maybe 3 rigs running soon
-APTA brought to MRE very quickly
-El Pantano 100% owned
-El Cedro still to be had!
Brad George, @OrosurM CEO, ‘thrilled’ with Pepas MRE and sees clear pathway to low-cost, high grade open pit Colombian gold mine. @DonaldLeggatt
Watch here: https://t.co/i8c9a9ZW3I
#Gold#OMI
@StockBoxer_AIM Do you think anyone pays attention to your crossramping bollocks? You reek of somebody who bought at 2.2p.. and for the record I hold both Jan and Omi, give it a rest pal its sad.
Mental, the Netherlands approved a 36% tax bill on unrealised gains.. meaning if you hold a stock and price climbs you will have to pay tax on it every year EVEN IF you dont sell and EVEN IF price ends up the same as your entry years later