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Orla Mining Discovers High-Grade Oxide Gold Beyond Pit Shells at South Carlin Complex, Reinforcing Growth Trajectory Ahead of 2026 Construction

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Orla Mining Discovers High-Grade Oxide Gold Beyond Pit Shells at South Carlin Complex, Reinforcing Growth Trajectory Ahead of 2026 Construction

Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) is pleased to announce results from its 2025 exploration program at the South Carlin Complex in Nevada. The 18,000-metre drilling campaign delivered significant oxide intercepts outside current pit designs and advanced multiple satellite targets, reinforcing resource growth potential across the Company’s extensive land package along the prolific Carlin Trend ahead of planned 2028 production.

 

Figure 1: Plan View Showing Location of Targets and Reported Drill Holes (CNW Group/Orla Mining Ltd.)

Figure 2: Pinion Deposit and Firebox Target Plan Map (CNW Group/Orla Mining Ltd.)

Figure 3: Pinion Cross Section – Rock Units: Mc: Mississippian Chainman Formation; Mw: Mississippian Webb Formation, Mtp: Mississippian Tripon Pass Formation, mlbx: multilithic breccia; Ddg: Devonian Devil’s Gate Formation (CNW Group/Orla Mining Ltd.)

Figure 4: Dark Star Plan Map (CNW Group/Orla Mining Ltd.)

Figure 5: Dark Star Long Section (CNW Group/Orla Mining Ltd.)

Figure 6: Dark Star Cross-section – Rock Units: PPst lower: Pennsylvanian-Permian lower siltstone, PPcgl: Pennsylvanian-Permian conglomerate, PPst upper: Pennsylvanian-Permian upper siltstone, Tcgl: undifferentiated Tertiary conglomerates, Qal: Quaternary alluvium (CNW Group/Orla Mining Ltd.)

Figure 7: Firebox Cross-section – Rock Units: Mw: Mississippian Webb Formation, Mtp: Mississippian Tripon Pass Formation, Ddg: Devonian Devils Gate Formation, Mc lower: Mississippian Chainman Formation (CNW Group/Orla Mining Ltd.)

Figure 8: Spike Target Plan Map (CNW Group/Orla Mining Ltd.)

Figure 9: Spike Target Long Section (CNW Group/Orla Mining Ltd.)

Figure 10: South Area Plan Map (CNW Group/Orla Mining Ltd.)

Figure 11: Jasperoid Wash Cross-section – Rock Units: PPst lower: Pennsylvanian-Permian lower siltstone, PPcgl: Pennsylvanian-Permian conglomerate, Miss. Tonka: Mississippian Tonka Formation (CNW Group/Orla Mining Ltd.)

Figure 12: Bowl Deposit Cross Section (CNW Group/Orla Mining Ltd.)

 

Orla is advancing the South Railroad Project, located within the large South Carlin Complex. South Railroad is in final permitting, with an optimized feasibility study due early in the first quarter 2026, construction is expected to begin mid-2026, and first production in 2028.

 

2025 Exploration Highlights:

Significant Open Pit Expansion Potential Confirmed

  • Drilling intersected significant oxide mineralization 100-130 metres beyond current feasibility pit shells at both Pinion and Dark Star deposits:
    • Pinion: 67.1 metres at 1.06 g/t Au (oxide), including 36.6 metres at 1.68 g/t Au in hole PR25-05 and 32 metres at 0.94 g/t Au (oxide) in hole PR25-02 demonstrating mineralization extends across the Bullion Fault structure.
    • Dark Star: 22.6 metres at 5.65 g/t Au (oxide), including 5 metres at 15.1 g/t Au (DS25-03) confirming high-grade oxide continuity between the north and south pit shells.

 

Satellite Discoveries Advancing

    • Spike Target: Oxide gold confirmed over 1.5 kilometres strike length, 600 metres south of POD-Sweet Hollow, with intercepts including 38.1 metres at 0.80 g/t Au (RR25-05) and 21.3 metres at 0.76 g/t Au (RR25-06).
    • Firebox Target: First hole returned 24.4 metres at 1.08 g/t Au (PR25-09, prelim. Fire Assay), confirming an exciting new target 500 metres from Pinion.

“The South Carlin Complex is advancing rapidly and remains early in its exploration life. These results provide a strong foundation for resource growth that we expect to capture in future studies, and position South Railroad as a cornerstone asset on the Carlin Trend.”

–       Sylvain Guerard, Senior Vice President, Exploration

South Carlin Complex – District-Scale Opportunity and Just Getting Started

Orla is advancing South Railroad toward production with an optimized feasibility study to be released early in the first quarter 2026 and final construction permits expected in the second quarter 2026. Full construction is anticipated to begin mid-2026. The 2025 exploration results provide additional upside that may be incorporated into future resource updates and mine planning.

The South Carlin Complex hosts reserves and resources of 1.604 Moz and 1.753 Moz respectively (Figure 1), with a projected eight year mine life based on the 2022 Feasibility Study. Since acquisition, Orla has completed 57,800 metres of drilling in 266 holes, systematically building geological understanding and confirming district-scale potential.

South Railroad Project Deposits  Projected Open Pits Remain Open in Oxide Mineralization

 

Pinion Deposit (Measured and Indicated Resource (M&I): 871 Koz Au at 0.62 g/t Au, oxide)

In 2025, drilling in the northeast area of the Pinion deposit (Figure 2) targeted the favorable stratigraphic breccia host where it is intersected by the Bullion Fault structure. Multiple holes intersected significant oxide mineralization 100-130 metres outside current pit margins (Figure 3) confirming that the Bullion Fault controls and hosts mineralization rather than terminating it. This reinterpretation opens significant expansion potential to the northeast.

2025 Highlights:

  • 67.1 metres at 1.16 g/t Au, including 36.6 metres at 1.68 g/t Au (oxide) (PR25-05)
  • 32.0 metres at 0.94 g/t Au (oxide) (PR25-02)
  • 21.3 metres at 0.75 g/t Au (oxide) (PR25-01)

 

Dark Star Deposit (M&I Resource: 882 Koz Au at 0.87 g/t Au)

Drilling tested continuity of structurally controlled high-grade oxide gold shoots identified in 2024 (e.g. 25.9 metres at 3.2 g/t Au incl. 19.8 metres at 5.9 g/t Au in hole DR24-03 and 34.7 metres at 2.68 g/t Au incl. 13.6 metres at 5.85 g/t Au in DSC24-02.) Hole DS25-03 confirmed oxide mineralization between the north and south pit shells (Figure 4), with results indicating potential to extend the oxide envelope and support pit growth (Figure 5, 6). Downhole geophysics and follow-up drilling are planned for 2026 to define geometry and continuity.

2025 program highlights:

  • 22.6 metres at 5.65 g/t Au (oxide), including 5.0 metres at 15.1 g/t Au (DS25-03)
Emerging South Carlin Complex Oxide Targets:

“Firebox” Target – Promising Oxide Satellite Target

Located 500 metres northeast of the Pinion area, Firebox represents a new shallow oxide satellite opportunity (Figure 2, 7). The target was developed through integration of historical intercepts, recent mapping, gold-in-soil anomalies, and outcrop sampling. Mineralization style mirrors Pinion, with gold hosted in dissolution collapse breccia at the upper contact of Devils Gate limestone.

2025 Highlights:

  • 24.4 metres at 1.08 g/t Au (oxide), including 3.0 metres at 2.70 g/t Au (PR25-09)

Follow-up drilling is planned for 2026.

 

“Spike” Target – 1.5 km Mineralized Corridor

Spike is located 600 metres south of the POD-Sweet Hollow deposits (Figure 1) and shares similarities with Nevada Gold Mine’s Rain Deposit immediately north.

The 2025 program confirmed historical results and extended the mineralized zone along strike (Figure 8) through significant oxide gold mineralization that transitions deeper into copper silver mineralization (Figure 9).

2025 Highlights:

  • 38.1 metres at 0.80 g/t Au (RR25-05)
  • 35.1 metres at 0.61 g/t Au (RR25-13)
  • 21.3 metres at 0.76 g/t Au (RR25-06)
  • 16.8 metres at 0.63 g/t Au (RR25-03)

 

“Robinson” Target Early‑Stage Oxide Opportunity Along 5 km Prospective Trend

The Robinson lies along a 5 km gold-in-soil anomaly extending from Jasperoid Wash to Mustang (Figure 10). Recent drilling returned 10.7 metres at 0.35 g/t Au in RBN25‑03, reinforcing the relationship between gold-bearing structures and gold-in-soil anomalies.

Detailed mapping identified an untested northeast-trending silicification corridor that represents a future drill target.

South Property Area Deposits

 

Jasperoid Wash – Inferred Resource: 130 Koz Au at 0.34 g/t Au, oxide

Gold mineralization at Jasperoid Wash extends from surface to 400 metres below surface and is hosted within altered feldspar porphyry dikes and adjacent conglomerates (Figure 11), like those at the Dark Star deposit.

The 2025 program tested extensions of the deposit and intersected shallow oxide gold mineralization beyond the limits of the current resource, highlighting meaningful potential for resource expansion (Figure 10, 11). Follow-up drilling to potentially upgrade resource classification and further test extensions of the deposit is planned for 2026. Notable drill highlights from 2025 include:

  • 13.7 metres at 0.73 g/t Au and 18.3 metres at 0.30 g/t Au (oxide) (JW25-02)
  • 38.1 metres at 0.32 g/t Au, 25.9 metres at 0.25 g/t Au and 21.3 metres at 0.22 g/t Au (oxide) (JW25-06)

 

Bowl – Inferred Resource: 340 Koz Au at 0.63 g/t Au, Oxide/Transitional/Sulphide

The Bowl Deposit is the largest deposit in the southern Pony Creek property area, which also hosts the Stallion and Appaloosa mineralized zones (Figure 10). With additional drilling and metallurgical work, there is strong potential to convert a portion of the current resources, which includes oxide, transitional, and sulphide material, into the oxide category, representing a meaningful growth opportunity beyond the existing multi-domain resource base.

The Bowl deposit is hosted within a sedimentary package intruded by a rhyolite body that forms a lateral cap. Gold mineralization is concentrated along the contact between the rhyolite and the surrounding sediments, with grade influenced by the composition of the sedimentary units.

In 2025, drilling tested deposit extensions and advanced geological understanding, including controls on the style of gold mineralization and oxidation. Results included several oxide intersections at or outside the current pit limits (Figure 12), showing potential for further resource addition:

  • 18.3 metres at 0.62g/t Au, including 7.6 metres at 1.10 g/t Au (BW25-01)
  • 22.9 metres at 0.51 g/t Au (BW25-08)
  • 4.6 metres at 1.56 g/t Au and 13.7 metres at 0.65 g/t Au, including 3.0 metres at 2.18 g/t Au (BW25-09)
Exploration Outlook

Orla’s 2025 drill program at the South Carlin Complex was completed in November. Assays from eight holes across 2,000 metres of drilling remain outstanding. The 2026 exploration budget is expected to remain similar to 2025 levels, with a more focused approach prioritizing:

1.    Near-pit extensions at Pinion and Dark Star to support reserve growth;

2.    Advancement of Spike and Firebox toward potential resource definition;

3.    Resource upgrade drilling at Jasperoid Wash;

4.    Selective testing of new targets.

Exploration remains the Company’s key organic growth driver, with strong potential to expand resources and reserves and extend mine life at the Complex.

 

Table 1: Drill Intersection Detailed Highlights

Hole Number

From
(m)

Core Length
(m)

Au
(g/t)

Au GXM

Oxide
Domain

Method

BW25-01

108.2

18.3

0.62

11.42

Oxide

FA

BW25-02

70.1

21.3

0.74

15.76

Sulphide

FA

BW25-05

22.9

10.7

1.61

17.13

Sulphide

FA

incl.

29.0

4.6

3.09

BW25-08

129.5

22.9

0.51

11.60

Oxide

FA

DS25-02

249.9

10.7

1.67

17.77

Sulphide

FA

incl.

251.5

3.0

3.46

DS25-03

167.9

22.6

5.65

127.50

Oxide

FA

incl.

178.3

5.0

15.09

DSC25-05

238.0

8.0

1.91

15.20

Sulphide

FA

incl.

240.8

3.7

2.85

JW25-02

21.3

13.7

0.73

9.95

Oxide

FA

JW25-06

106.7

38.1

0.32

12.00

Oxide

FA

PR25-01

204.2

21.3

0.75

15.94

Oxide

FA

PR25-02

249.9

32.0

0.94

30.03

Oxide

FA

incl.

253.0

10.7

1.49

PR25-05

221.0

67.1

1.16

77.55

Oxide

Photon

incl.

822.5

36.6

1.68

PR25-09

44.2

24.4

1.08

26.42

Oxide

FA

incl.

56.4

3.0

2.71

RR25-03

230.1

16.8

0.63

10.50

Oxide

FA

RR25-05

321.6

38.1

0.80

30.44

Oxide

FA

RR25-06

306.3

21.3

0.76

16.26

Oxide

FA

RR25-13

228.6

35.1

0.61

21.47

Oxide

FA

 

Additional Technical Information

For intervals with oxide, transitional, or unknown material, composites are calculated using a 0.17 g/t Au cut-off grade, max 6 metres consecutive waste, with a minimum composite length of 1.5 metres. For intervals with sulphide material, composites are calculated using a 0.5 g/t Au cut-off grade, max 6 metres consecutive waste, with a minimum composite length of 1.5 metres. Material with >40% CN Recovery is classified as Oxide/Transitional.  If no CN data exists the 0.17 g/t Au cut-off grade is used.

True width of a composites depends on sufficient geological information to determine orientation of mineralization. The true width in Dark Star ranges from 54% to 66% of core length. True width in Jasperoid Wash ranges from 66 to 99%, from 97 to 100% in Pinion, from 86 to 100% in Spike and from 55 to 100% in Bowl. The true width of the mineralization in Robinson and Firebox intercepts cannot be estimated based on current information.

The mineral reserve estimate for South Railroad consists of 333 koz gold of proven reserves (8,960 k tonnes at 1.15 g/t gold) and 1,271 koz gold of probable reserves (56,239 k tonnes at 0.70 g/t gold). The mineral resource estimate consists of 343 koz gold of measured resources (9,561 k tonnes at 1.12 g/t gold) and 1,410 koz gold of indicated resources (65,450 k tonnes at 0.67 g/t gold The effective date of the South Railroad mineral reserve estimate is February 17, 2022 and the effective date of the mineral resource estimate is January 31, 2022. Mineral resources are inclusive of mineral reserves.

 

About Orla Mining Ltd.

Orla’s corporate strategy is to acquire, develop, and operate mineral properties where the Company’s expertise can substantially increase stakeholder value. The Company has three material projects, consisting of two operating mines and one development project, all 100% owned by the Company: (1) Camino Rojo, in Zacatecas State, Mexico, an operating gold and silver open-pit and heap leach mine. The property covers over 139,000 hectares which contains a large oxide and sulphide mineral resource, (2) Musselwhite Mine, in Northwestern Ontario, Canada, an underground gold mine that has been in operation for over 25 years and produced over 6 million ounces of gold, with a long history of resource growth and conversion, and (3) South Railroad, in Nevada, United States, a feasibility-stage, open pit, heap leach gold project located on the Carlin trend in Nevada. The technical reports for the Company’s material projects are available on Orla’s website at www.orlamining.com, and on SEDAR+ and EDGAR under the Company’s profile at www.sedarplus.ca and www.sec.gov, respectively.



For further information, please contact:

Jason Simpson
President & Chief Executive Officer,

Andrew Bradbury
Vice President, Investor Relations & Corporate Development

www.orlamining.com
info@orlamining.com

 

Appendix: Drill Results 

Table 1: SCC Drill Results

HOLE-ID

From
(m)

Core
Length
(m)

Estimated
True Width

Au
(g/t)

CN Rec
(%)

Au GXM

Oxide
Domain

Including
0.5g/t Au COG

Including
1g/t Au COG

Including
2g/t Au COG

Including
10g/t Au HG

Method

(m)

%

BW25-01

96.0

6.1

5.9

96.2 %

0.24

98.0

1.45

Oxide

FA

BW25-01

108.2

18.3

17.7

96.5 %

0.62

101.7

11.42

Oxide

 9.1m @ 1.08g/t Au & 101.3% CN Rec

 7.6m @ 1.1g/t Au & 100% CN Rec

FA

BW25-02

70.1

21.3

20.0

93.7 %

0.74

14.8

15.76

Sulphide

 1.5m @ 1.16g/t Au & 18.2% CN Rec
 1.5m @ 1.08g/t Au & 15.8% CN Rec

FA

BW25-04

129.5

1.5

1.5

99.7 %

0.93

11.8

1.42

Sulphide

FA

BW25-04

144.8

3.0

3.0

99.4 %

0.24

87.5

0.75

Oxide

FA

BW25-05

16.8

1.5

1.1

70.5 %

0.60

26.7

0.91

Sulphide

FA

BW25-05

18.3

1.5

1.1

70.5 %

0.20

96.4

0.30

Oxide

FA

BW25-05

22.9

10.7

7.5

70.5 %

1.61

10.5

17.13

Sulphide

 4.6m @ 3.09g/t Au & 3.4% CN Rec

 1.5m @ 7.61g/t Au & 2.2% CN Rec

FA

BW25-05

99.1

1.5

1.1

73.6 %

0.53

7.5

0.81

Sulphide

FA

BW25-05

123.4

3.0

2.3

74.3 %

2.58

16.7

7.85

Sulphide

 3m @ 2.58g/t Au & 16.7% CN Rec

 3m @ 2.58g/t Au & 16.7% CN Rec

FA

BW25-05

207.3

13.7

13.4

97.9 %

0.33

60.1

4.59

Oxide

 3m @ 0.84g/t Au & 87.5% CN Rec

FA

BW25-05

236.2

1.5

1.5

97.8 %

0.21

75.1

0.32

Oxide

FA

BW25-05

243.8

1.5

1.5

97.7 %

0.17

75.1

0.26

Oxide

FA

BW25-06

68.6

9.1

8.4

91.7 %

0.23

52.2

2.14

Oxide

FA

BW25-06

91.4

1.5

1.4

90.9 %

0.29

82.5

0.44

Oxide

FA

BW25-06

114.3

1.5

1.5

99.5 %

0.18

91.4

0.27

Oxide

FA

BW25-06

149.4

4.6

4.6

99.6 %

0.40

102.1

1.84

Oxide

 1.5m @ 0.53g/t Au & 98.9% CN Rec

FA

BW25-06

160.0

3.0

3.0

99.6 %

0.45

96.9

1.37

Oxide

 1.5m @ 0.68g/t Au & 96% CN Rec

FA

BW25-06

170.7

13.7

13.7

99.6 %

0.44

78.7

5.99

Oxide

 4.6m @ 0.89g/t Au & 98.6% CN Rec

 1.5m @ 1.25g/t Au & 83.5% CN Rec

FA

BW25-07

62.5

1.5

1.4

89.2 %

0.19

63.2

0.29

Oxide

FA

BW25-07

67.1

1.5

1.4

89.2 %

0.59

44.4

0.89

Oxide

 1.5m @ 0.58g/t Au & 44.4% CN Rec

FA

BW25-07

70.1

1.5

1.4

89.2 %

0.59

17.1

0.89

Sulphide

FA

BW25-07

82.3

1.5

1.4

95.1 %

0.18

111.1

0.27

Oxide

FA

BW25-07

89.9

13.7

13.1

95.3 %

0.24

113.0

3.27

Oxide

FA

BW25-07

111.3

4.6

4.4

95.6 %

0.20

114.1

0.94

Oxide

FA

BW25-08

105.2

3.0

2.9

95.5 %

0.66

24.5

2.01

Sulphide

FA

BW25-08

129.5

22.9

21.9

95.8 %

0.51

78.1

11.60

Oxide

 13.7m @ 0.65g/t Au & 75.7% CN Rec

 1.5m @ 1.4g/t Au & 65.5% CN Rec

FA

BW25-08

195.1

3.0

2.9

96.0 %

0.96

90.0

2.92

Oxide

 3m @ 0.96g/t Au & 90% CN Rec

 1.5m @ 1.16g/t Au & 94.4% CN Rec

FA

BW25-09

99.1

4.6

3.3

71.8 %

1.56

95.7

7.12

Oxide

 3m @ 2.13g/t Au & 96.2% CN Rec

 1.5m @ 3.7g/t Au & 104.3% CN Rec

 1.5m @ 3.7g/t Au & 104.3% CN Rec

FA

BW25-09

111.3

1.5

1.1

71.5 %

0.19

80.2

0.28

Oxide

FA

BW25-09

134.1

13.7

9.8

71.2 %

0.65

75.3

8.97

Oxide

 3m @ 2.18g/t Au & 55% CN Rec

 3m @ 2.18g/t Au & 55% CN Rec

 3m @ 2.18g/t Au & 55% CN Rec

FA

BW25-11

106.7

3.0

2.3

76.9 %

0.44

94.4

1.33

Oxide

 1.5m @ 0.56g/t Au & 97.1% CN Rec

FA

BW25-11

120.4

3.0

2.3

76.3 %

0.19

93.2

0.59

Oxide

FA

BW25-11

163.1

6.1

4.6

75.3 %

0.36

100.9

2.21

Oxide

 1.5m @ 0.55g/t Au & 102% CN Rec

FA

BW25-14

22.9

19.8

10.9

55.0 %

0.23

74.4

4.59

Oxide

 1.5m @ 0.6g/t Au & 90.9% CN Rec

FA

DS25-02

164.6

3.0

2.1

68.2 %

0.28

104.7

0.85

Oxide

FA

DS25-02

219.5

1.5

1.0

68.6 %

0.23

82.6

0.35

Oxide

FA

DS25-02

249.9

10.7

7.4

69.5 %

1.67

9.0

17.77

Sulphide

 9.1m @ 1.83g/t Au & 10.1% CN Rec

 3m @ 3.46g/t Au & 11.6% CN Rec

FA

DS25-03

157.0

1.5

1.1

70.3 %

0.20

75.0

0.30

Oxide

FA

DS25-03

167.9

22.6

15.9

70.3 %

5.65

93.4

127.50

Oxide

 22.6m @ 5.65g/t Au & 93.4% CN Rec

 17.4m @ 7.14g/t Au & 91.9% CN Rec

 17.4m @ 7.14g/t Au & 91.9% CN Rec

 5m @ 15.1g/t Au & 87.6% CN Rec

FA

DSC25-03

328.7

1.6

1.2

78.5 %

0.64

2.3

1.02

Sulphide

FA

DSC25-04

260.8

3.2

2.3

73.3 %

0.93

50.8

2.96

Oxide

 3.2m @ 0.93g/t Au & 50.8% CN Rec

 1.8m @ 1.11g/t Au & 55.9% CN Rec

FA

DSC25-04

264.0

4.6

3.3

73.3 %

0.67

5.0

3.07

Sulphide

FA

DSC25-05

194.5

12.0

8.4

69.9 %

0.18

100.9

2.18

Oxide

 1.5m @ 0.54g/t Au & 109.7% CN Rec

FA

DSC25-05

225.1

1.0

0.7

69.6 %

0.19

82.9

0.19

Oxide

FA

DSC25-05

228.8

2.7

1.9

69.3 %

1.64

13.5

4.39

Sulphide

 2.7m @ 1.64g/t Au & 13.5% CN Rec

FA

DSC25-05

235.7

1.1

0.8

69.3 %

0.86

42.0

0.97

Oxide

 1.1m @ 0.86g/t Au & 42% CN Rec

FA

DSC25-05

238.0

8.0

5.5

69.3 %

1.91

16.4

15.20

Sulphide

 6.4m @ 2.15g/t Au & 14% CN Rec

 3.7m @ 2.85g/t Au & 12.4% CN Rec

FA

DSC25-05

255.1

1.9

1.3

69.0 %

2.89

3.5

5.46

Sulphide

 1.9m @ 2.89g/t Au & 3.5% CN Rec

 1.9m @ 2.89g/t Au & 3.5% CN Rec

FA

JW25-01

0.0

1.5

1.2

79.6 %

0.18

87.4

0.28

Oxide

FA

JW25-01

99.1

3.0

2.4

77.8 %

0.33

110.4

0.99

Oxide

FA

JW25-02

12.2

1.5

0.7

43.2 %

0.78

59.1

1.19

Oxide

 1.5m @ 0.78g/t Au & 59.1% CN Rec

FA

JW25-02

16.8

4.6

2.0

43.3 %

0.90

32.1

4.12

Sulphide

 1.5m @ 1.2g/t Au & 33.2% CN Rec

FA

JW25-02

21.3

13.7

5.9

43.3 %

0.73

44.8

9.95

Oxide

 3m @ 0.94g/t Au & 42.2% CN Rec
 4.6m @ 0.98g/t Au & 50.2% CN Rec

 1.5m @ 1.23g/t Au & 40% CN Rec
 3m @ 1.16g/t Au & 50.3% CN Rec

FA

JW25-02

39.6

1.5

0.7

43.5 %

0.24

41.0

0.37

Oxide

FA

JW25-02

106.7

18.3

8.4

45.7 %

0.30

86.2

5.42

Oxide

 1.5m @ 0.54g/t Au & 93.9% CN Rec

FA

JW25-02

131.1

10.7

4.9

45.8 %

0.26

76.8

2.78

Oxide

FA

JW25-02

170.7

1.5

0.7

45.7 %

0.20

94.5

0.31

Oxide

FA

JW25-02

175.3

6.1

2.8

45.7 %

0.19

82.6

1.14

Oxide

FA

JW25-02

204.2

1.5

0.7

45.7 %

0.21

48.5

0.31

Oxide

FA

JW25-02

208.8

1.5

0.7

45.7 %

0.28

40.0

0.42

Oxide

FA

JW25-03

10.7

1.5

1.4

94.0 %

0.18

73.4

0.27

Oxide

FA

JW25-03

33.5

1.5

1.4

93.9 %

0.18

61.8

0.27

Oxide

FA

JW25-03

50.3

6.1

5.7

94.1 %

0.19

106.9

1.14

Oxide

FA

JW25-03

67.1

3.0

2.9

94.5 %

0.26

106.1

0.79

Oxide

FA

JW25-04

59.4

12.2

9.2

75.5 %

0.74

18.2

9.08

Sulphide

 3m @ 1.08g/t Au & 15.2% CN Rec

FA

JW25-04

109.7

18.3

13.7

75.2 %

0.34

81.5

6.18

Oxide

 1.5m @ 0.7g/t Au & 86.2% CN Rec
 1.5m @ 0.54g/t Au & 96.8% CN Rec

FA

JW25-04

135.6

4.6

3.4

75.1 %

0.20

77.0

0.94

Oxide

FA

JW25-04

146.3

9.1

6.9

75.1 %

0.21

76.8

1.89

Oxide

FA

JW25-05

24.4

6.1

4.4

72.8 %

0.54

73.7

3.28

Oxide

 4.6m @ 0.58g/t Au & 61.7% CN Rec

FA

JW25-05

35.1

3.0

2.2

73.5 %

0.78

29.2

2.38

Sulphide

FA

JW25-05

50.3

4.6

3.4

74.1 %

0.75

23.1

3.44

Sulphide

FA

JW25-05

76.2

4.6

3.4

75.5 %

1.06

11.1

4.85

Sulphide

 1.5m @ 1.36g/t Au & 11.7% CN Rec

FA

JW25-05

108.2

13.7

10.5

76.2 %

0.25

100.6

3.43

Oxide

FA

JW25-05

143.3

1.5

1.1

74.8 %

0.19

86.0

0.28

Oxide

FA

JW25-06

10.7

1.5

1.2

76.5 %

0.20

91.8

0.30

Oxide

FA

JW25-06

16.8

1.5

1.2

76.1 %

0.19

86.5

0.28

Oxide

FA

JW25-06

22.9

1.5

1.2

76.1 %

0.18

68.6

0.27

Oxide

FA

JW25-06

29.0

1.5

1.2

76.1 %

0.20

96.9

0.30

Oxide

FA

JW25-06

36.6

21.3

16.2

75.8 %

0.22

101.6

4.79

Oxide

FA

JW25-06

65.5

25.9

19.3

74.6 %

0.25

93.6

6.43

Oxide

 3m @ 0.66g/t Au & 97.7% CN Rec

FA

JW25-06

97.5

1.5

1.1

74.3 %

0.26

97.3

0.39

Oxide

FA

JW25-06

106.7

38.1

28.0

73.5 %

0.32

74.1

12.00

Oxide

 9.1m @ 0.62g/t Au & 77.7% CN Rec

 1.5m @ 1.52g/t Au & 59.9% CN Rec

FA

JW25-07

64.0

3.0

2.3

75.9 %

0.53

9.4

1.61

Sulphide

FA

JW25-07

140.2

3.0

2.2

72.0 %

0.20

69.4

0.59

Oxide

FA

JW25-07

155.4

3.0

2.2

71.0 %

0.19

67.6

0.57

Oxide

FA

JW25-07

167.6

4.6

3.2

70.8 %

0.22

89.4

1.03

Oxide

FA

JW25-07

179.8

3.0

2.2

70.8 %

0.20

73.6

0.60

Oxide

FA

JW25-08

96.0

1.5

0.9

61.7 %

1.24

18.6

1.88

Sulphide

 1.5m @ 1.24g/t Au & 18.6% CN Rec

FA

JW25-09

54.9

1.5

1.5

99.6 %

0.17

40.9

0.26

Oxide

FA

JW25-09

57.9

1.5

1.5

99.6 %

0.21

53.4

0.31

Oxide

FA

JW25-10

48.8

19.8

14.3

72.2 %

0.25

62.0

4.99

Oxide

FA

JW25-11

51.8

1.5

1.5

99.4 %

0.19

90.9

0.28

Oxide

FA

JW25-11

68.6

1.5

1.5

99.5 %

0.19

84.7

0.29

Oxide

FA

JW25-12

19.8

3.0

3.0

99.8 %

0.40

107.3

1.22

Oxide

FA

JW25-12

39.6

3.0

3.0

99.9 %

0.21

88.1

0.64

Oxide

FA

JW25-12

59.4

1.5

1.5

100.0 %

0.21

86.1

0.32

Oxide

FA

JW25-13

24.4

3.0

2.1

68.1 %

0.25

58.4

0.76

Oxide

FA

JW25-13

32.0

1.5

1.0

67.6 %

0.18

82.9

0.28

Oxide

FA

JW25-13

39.6

15.2

10.2

67.0 %

0.18

83.4

2.69

Oxide

FA

JW25-13

70.1

1.5

1.0

66.7 %

0.28

77.5

0.43

Oxide

FA

PAL25-01A

152.4

1.5

0.19

91.9

0.28

Oxide

FA

PAL25-04

25.9

3.0

0.31

107.8

0.94

Oxide

FA

PR25-01

204.2

21.3

21.2

99.4 %

0.75

97.8

15.94

Oxide

 18.3m @ 0.83g/t Au & 98.2% CN Rec

 6.1m @ 1.21g/t Au & 98.9% CN Rec

FA

PR25-02

248.4

1.5

1.5

99.6 %

0.55

29.3

0.83

Sulphide

FA

PR25-02

249.9

32.0

31.9

99.8 %

0.94

72.0

30.03

Oxide

 30.5m @ 0.97g/t Au & 73.3% CN Rec

 10.7m @ 1.49g/t Au & 84.2% CN Rec

 1.5m @ 2.61g/t Au & 87% CN Rec

FA

PR25-04

260.6

15.2

15.1

99.3 %

0.49

72.3

7.45

Oxide

 12.2m @ 0.54g/t Au & 78.8% CN Rec

FA

PR25-04

283.5

3.0

3.0

99.2 %

0.56

8.8

1.71

Sulphide

FA

PR25-04

309.4

1.5

1.5

99.1 %

0.51

9.9

0.77

Sulphide

FA

PR25-05

221.0

67.1

65.2

97.2 %

1.16

80.7

77.55

Oxide

 61m @ 1.25g/t Au & 80.5% CN Rec

 36.6m @ 1.68g/t Au & 79.7% CN Rec
 3m @ 1.57g/t Au & 83.9% CN Rec

 3m @ 2.66g/t Au & 91.2% CN Rec
 3m @ 2.72g/t Au & 77.4% CN Rec

Photon

PR25-06

202.7

6.1

6.1

99.8 %

0.47

97.4

2.86

Oxide

 3m @ 0.68g/t Au & 94.8% CN Rec

FA

PR25-09

44.2

24.4

1.08

96.3

26.42

Oxide

 16.8m @ 1.43g/t Au & 97.1% CN Rec

 10.7m @ 1.86g/t Au & 100.3% CN Rec

 3m @ 2.7g/t Au & 100.3% CN Rec

FA

PR25-09

76.2

1.5

0.64

92.8

0.97

Oxide

 1.5m @ 0.64g/t Au & 92.8% CN Rec

FA

PR25-09

190.5

1.5

0.21

93.9

0.32

Oxide

FA

RBN25-01

25.9

1.5

0.21

111.7

0.31

Oxide

FA

RBN25-02

117.3

3.0

0.88

108.6

2.69

Oxide

 1.5m @ 1.46g/t Au & 108.9% CN Rec

 1.5m @ 1.46g/t Au & 108.9% CN Rec

FA

RBN25-03

70.1

10.7

0.35

102.3

3.75

Oxide

 1.5m @ 0.53g/t Au & 106.7% CN Rec

FA

RR25-01

18.3

3.0

3.0

98.6 %

0.31

100.6

0.93

Oxide

FA

RR25-01

211.8

6.1

6.0

99.2 %

0.26

92.3

1.56

Oxide

FA

RR25-01

237.7

3.0

3.0

99.2 %

0.22

79.9

0.67

Oxide

FA

RR25-02

1.5

10.7

8.7

81.2 %

0.18

67.7

1.95

Oxide

FA

RR25-03

24.4

1.5

1.5

99.6 %

0.21

94.3

0.32

Oxide

FA

RR25-03

230.1

16.8

16.5

98.5 %

0.63

86.5

10.50

Oxide

 1.5m @ 1.26g/t Au & 81.4% CN Rec
 3m @ 1.77g/t Au & 92.3% CN Rec

 1.5m @ 1.26g/t Au & 81.4% CN Rec
 3m @ 1.77g/t Au & 92.3% CN Rec

FA

RR25-04

163.1

1.5

1.5

98.5 %

0.22

73.4

0.33

Oxide

FA

RR25-04

230.1

6.1

6.0

98.6 %

0.28

59.5

1.68

Oxide

FA

RR25-05

288.0

12.2

11.4

93.4 %

0.34

64.4

4.14

Oxide

 3m @ 0.56g/t Au & 78.2% CN Rec

FA

RR25-05

321.6

38.1

35.5

93.1 %

0.80

88.3

30.44

Oxide

 4.6m @ 1.99g/t Au & 103.6% CN Rec
 10.7m @ 1.14g/t Au & 92.3% CN Rec
 7.6m @ 0.75g/t Au & 74.8% CN Rec

 4.6m @ 1.99g/t Au & 103.6% CN Rec
 1.5m @ 5.15g/t Au & 55.1% CN Rec
 1.5m @ 1.27g/t Au & 19.7% CN Rec

 1.5m @ 2.83g/t Au & 96.1% CN Rec
 1.5m @ 5.15g/t Au & 55.1% CN Rec

FA

RR25-06

304.8

1.5

1.4

93.0 %

0.92

18.6

1.40

Sulphide

FA

RR25-06

306.3

21.3

19.8

93.0 %

0.76

77.7

16.26

Oxide

 10.7m @ 1.08g/t Au & 85.8% CN Rec
 1.5m @ 1.26g/t Au & 100.4% CN Rec

 4.6m @ 1.65g/t Au & 89.3% CN Rec
 1.5m @ 1.26g/t Au & 100.4% CN Rec

FA

RR25-06

333.8

15.2

14.2

93.1 %

0.62

61.4

9.48

Oxide

 13.7m @ 0.66g/t Au & 60% CN Rec

 1.5m @ 1.19g/t Au & 95% CN Rec
 1.5m @ 1.46g/t Au & 53.4% CN Rec

FA

RR25-08

239.3

3.0

2.7

89.1 %

0.41

57.4

1.24

Oxide

 1.5m @ 0.51g/t Au & 58.4% CN Rec

FA

RR25-08

254.5

1.5

1.3

88.3 %

0.26

45.8

0.40

Oxide

FA

RR25-09

137.2

12.2

10.7

87.8 %

0.20

83.2

2.39

Oxide

FA

RR25-09

254.5

1.5

1.3

86.4 %

0.54

2.8

0.82

Sulphide

FA

RR25-10

112.8

7.6

7.3

96.3 %

0.32

78.2

2.41

Oxide

 1.5m @ 0.58g/t Au & 99% CN Rec

FA

RR25-10

144.8

4.6

4.4

96.6 %

0.24

73.1

1.07

Oxide

FA

RR25-12

114.3

3.0

2.6

85.7 %

0.74

9.4

2.24

Sulphide

FA

RR25-12

117.3

7.6

6.5

85.7 %

0.26

78.3

1.99

Oxide

FA

RR25-13

18.3

3.0

3.0

98.1 %

0.31

78.0

0.96

Oxide

FA

RR25-13

228.6

35.1

34.4

98.1 %

0.61

79.7

21.47

Oxide

 15.2m @ 0.93g/t Au & 83.6% CN Rec
 1.5m @ 0.58g/t Au & 88.1% CN Rec

 1.5m @ 1.06g/t Au & 87.2% CN Rec
 3m @ 2.12g/t Au & 92.9% CN Rec

 1.5m @ 2.43g/t Au & 98.8% CN Rec

FA

 

Table 2: SCC Drill Hole Collars 

HOLE-ID

Easting

Northing

Elevation

Azimuth

Dip

Depth (m)

BW25-01

586688.7

4466415.3

2247.9

302.0

-55.00

152.4

BW25-02

586740.3

4466615.4

2228.2

220.0

-50.00

152.4

BW25-03

586573.4

4466810.4

2179.6

120.0

-69.00

243.8

BW25-04

586631.3

4466891.2

2189.3

96.0

-75.00

221.0

BW25-05

586453.0

4466937.4

2182.4

80.0

-64.00

304.8

BW25-06

586363.7

4467002.0

2186.4

270.0

-55.00

201.2

BW25-07

586313.3

4467119.3

2188.5

285.0

-59.00

152.4

BW25-08

586424.0

4467074.8

2208.5

90.0

-54.00

198.1

BW25-09

586579.0

4467125.8

2217.5

270.0

-60.00

182.9

BW25-10

586512.9

4467407.8

2192.6

130.0

-50.00

152.4

BW25-11

586376.6

4467488.3

2171.7

255.0

-60.00

249.9

BW25-14

586135.6

4466763.6

2163.9

60.0

-50.00

214.9

DS25-01

588262.1

4480059.3

1988.0

270.0

-61.00

182.9

DS25-01A

588197.1

4480060.1

1859.6

270.0

-61.00

151.5

DS25-02

588247.2

4480104.2

1991.0

273.0

-64.00

320.0

DS25-03

588257.0

4479935.9

1983.4

286.0

-60.00

336.8

DSC25-02

588257.0

4479935.9

1983.3

255.0

-60.00

260.6

DSC25-03

588389.2

4480022.3

1965.8

270.0

-60.00

487.7

DSC25-04

588343.9

4479938.4

1971.4

274.0

-60.00

446.8

DSC25-05

588262.1

4480059.3

1988.0

270.0

-64.00

336.5

GEC25-01

583007.2

4484375.3

2228.2

130.0

-46.00

611.7

JW25-01

584827.5

4473587.1

2336.6

90.0

-48.00

161.5

JW25-02

584818.6

4473487.4

2353.1

90.0

-75.00

213.4

JW25-03

584928.5

4473496.7

2372.8

90.0

-90.00

112.8

JW25-04

584788.8

4473406.4

2368.5

90.0

-50.00

184.4

JW25-05

584691.5

4473150.5

2369.3

90.0

-56.00

185.9

JW25-06

584619.9

4472892.0

2316.2

90.0

-52.00

152.4

JW25-07

584714.1

4472879.4

2307.4

90.0

-50.00

205.7

JW25-08

584803.1

4472945.4

2320.4

90.0

-65.00

152.4

JW25-09

584878.5

4472950.8

2323.8

90.0

-65.00

141.7

JW25-10

584867.5

4472848.6

2303.9

90.0

-53.00

115.8

JW25-11

584891.0

4472543.2

2287.1

90.0

-65.00

103.6

JW25-12

585045.3

4472547.1

2337.5

90.0

-65.00

115.8

JW25-13

585018.9

4472452.6

2323.7

270.0

-65.00

137.2

PAL25-01

585509.4

4467121.4

2167.9

270.0

-60.00

216.4

PAL25-01A

585509.5

4467121.5

2167.9

270.0

-50.00

181.4

PAL25-02

585485.3

4467026.0

2165.0

235.0

-70.00

249.9

PAL25-04

585759.4

4467276.0

2136.4

270.0

-60.00

152.4

PR25-01

584907.2

4479802.5

2253.1

232.0

-64.00

295.7

PR25-02

585119.9

4479573.4

2203.2

230.0

-65.00

350.5

PR25-04

585121.5

4479573.0

2203.2

203.0

-64.00

320.0

PR25-05

585119.4

4479573.4

2203.3

260.0

-55.00

304.8

PR25-06

584905.6

4479800.8

2253.1

218.0

-53.00

274.3

PR25-07

584906.3

4479802.8

2253.1

254.0

-55.00

228.6

PR25-09

584643.0

4480549.0

2179.0

0.0

-90.00

274.3

RBN25-01

585114.2

4471431.8

2116.9

60.0

-60.00

152.4

RBN25-02

585275.0

4471331.8

2134.1

55.0

-60.00

152.4

RBN25-03

585427.0

4471225.8

2171.9

60.0

-62.00

152.4

RR25-01

583969.7

4486852.0

2340.0

200.0

-55.00

350.5

RR25-02

584488.8

4486902.5

2112.8

270.0

-55.00

198.1

RR25-03

583965.9

4486848.0

2340.0

205.0

-70.00

335.3

RR25-04

584172.7

4486899.0

2251.0

180.0

-50.00

304.8

RR25-05

583736.0

4486913.0

2413.5

255.0

-75.00

403.9

RR25-06

583736.4

4486914.0

2413.5

153.0

-75.00

349.0

RR25-07

584496.0

4486997.0

2092.6

270.0

-55.00

149.4

RR25-08

584685.1

4486730.4

2153.7

280.0

-80.00

275.8

RR25-09

584663.2

4486530.1

2163.2

290.0

-70.00

257.6

RR25-10

584664.6

4486529.7

2163.1

230.0

-55.00

281.9

RR25-11

584631.7

4486664.9

2188.4

245.0

-55.00

262.1

RR25-12

584657.0

4487161.3

2060.1

260.0

-55.00

144.8

RR25-13

583970.3

4486850.4

2340.0

227.0

-70.00

304.8

Posted December 2, 2025

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