The Prospector News

Orla Mining Continues to Intersect Wide, Higher-Grade Sulphide Zones and Expose Deeper Potential at Camino Rojo, Mexico

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Orla Mining Continues to Intersect Wide, Higher-Grade Sulphide Zones and Expose Deeper Potential at Camino Rojo, Mexico

 

 

 

4.66 g/t Au over 64.0 m (Sulphide Zone), 4.02 g/t Au & 1.5% Zn over 22.9 m (Deep Potential), Regional Program Ramping Up with Encouraging Results.

 

Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) is pleased to provide an update on its 2022 exploration activities at Camino Rojo and provide an overview of its 2023 exploration plans in Mexico. Updates on Orla’s exploration activities in Nevada, US and Panama will be provided in the first quarter.

 

2022 Exploration Highlights: Camino Rojo (Mexico)

 

Camino Rojo Sulphides: The Sulphide drill program continued to return higher-grade gold intercepts (>2 g/t) over wide widths (>30 m). Notable results include:[1]

  • Hole CRSX22-09B: 4.66 g/t Au over 64.0 m
  • Hole CRSX22-09A 2.76 g/t Au over 79.0 m, incl. 3.22 g/t Au over 55.0m
  • Hole CRSX22-08C: 2.81 g/t Au over 70.0 m
  • Hole CRSX22-10A: 1.92 g/t Au over 87.0 m, incl. 3.14 g/t Au over 25.5 m and 1.74 g/t Au over 73.5m, incl. 2.61 g/t Au over 24.0 m
  • Hole CRSX22-09: 3.83 g/t Au over 40.5 m, incl. 9.28 g/t Au over 9.0 m and 6.94 g/t Au over 16.0 m
  • Hole CRSX22-08B: 3.78 g/t Au over 37.0 m
  • Hole CRSX22-10: 2.71 g/t Au over 49.5 m, incl. 6.80 g/t Au over 8.0 m

 

Camino Rojo Deep Potential: Drill results have shown that gold mineralization extends deeper than the limit of the current mineral resource. These deeper intercepts suggest gold mineralization remains open at depth along and adjacent to interpreted feeder-like structures for the currently defined Camino Rojo deposit. Notable result include:1

  • Hole CRSX22-07: 4.02 g/t Au & 1.5% Zn over 22.9 m, incl. 56.7 g/t Au & 17.2% Zn over 0.6 m

 

Regional Exploration: Encouraging drill result on the first diamond drill core hole completed outside the footprint of the Camino Rojo mine. The Guanamero target area is located approximately 7 km northeast of the Camino Rojo mine along the mine structural trend. Notable results include:1

  • Hole CRED22-01: 0.54 g/t over 7.10 m, incl. 4.12 g/t over 0.7 m (from 51.4 m) and 1.35 g/t over 2.35 m, incl. 5.59 g/t over 0.5 m (from 104.95 m)

 

“The 2022 infill drilling of the sulphide extension of the Camino Rojo deposit has consistently generated exceptional gold intersections enhancing future development opportunity scenarios and potential to grow the resource at depth”, stated Sylvain Guerard, Orla’s Senior Vice President, Exploration. “We are excited to advance a full exploration pipeline in 2023 in an effort to upgrade and expand reserves and resources and make new discoveries on our large and under explored land package”.

 

2022 Exploration: Camino Rojo (Mexico)

 

Exploration at Camino Rojo in 2022 focused on advancing the understanding of the sulphide deposit (the “Sulphide Project” or “Camino Rojo Sulphides”) and testing priority regional targets to make new satellite discoveries.

 

Near Mine Exploration Results

 

Drill results at Camino Rojo Sulphides continue to support potential for underground development

 

Drilling continues to intercept wide zones of higher-grade gold mineralization, and in conjunction with metallurgical results from the 2021 drilling (see news release dated May 9, 2022), supports the potential for underground development and a standalone processing option for the Camino Rojo Sulphides. A large part of the 2022 program included infilling the sulphide deposit and improving the geological model to support potential underground mine development scenario. A total of 9,174 metres was completed in 15 holes, with 5 holes previously reported (see news release dated September 12, 2022 – Orla Mining Advances Exploration & Growth Pipeline). The 15 holes completed in 2022 returned 32 significant mineralized drill intercepts with grade-by-thickness factor greater than 50 g/t by metre Au (g/t * m), including 16 intercepts with grade-by-thickness factor greater than 100 g/t by metre Au. Full drill results are available in the Appendix to this news release and are available at www.orlamining.com.

 

The current mineral resource estimate for the Sulphide Project at Camino Rojo consists of 74 koz of measured resource (3.358 million tonnes at 0.69 g/t gold) and 7,221 koz of indicated resources (255.445 million tonnes at 0.88 g/t gold) and has an effective date of June 7, 2019.2

 

Vein domains constraining higher grade gold in sulphide deposit

 

The 2022 sulphide drill program has helped define areas of high vein concentrations (“vein domains”) which coincide with higher grade (>2 g/t) gold mineralization. The vein domains are important geological controls on gold mineralization, constraining the distribution and continuity of higher-grade gold mineralization within the sulphide deposit. Improved confidence in geological controls will strengthen future mineral resource estimations.

 

Vein domains have been defined by combining recent oriented diamond drill core data and approximately 70,000 m of historical vein density and orientation data within the main zone of potassic alteration (Kp). This work has resulted in the definition of three steep northwest and five shallow south-southwest dipping vein domains (Figure 4). High grade gold (>10 g/t Au) appears to be concentrated at the intersection of these steep and shallow dipping domains.

 

Potential new oxide mineralization outside current pit boundaries

 

Hole CRSX22-05, drilled as part of the 2022 sulphide drill program, intersected a mix of oxide and transitional material on the edge of the oxide open pit along the dike structure with mineralized intersections of 1.95 g/t over 61.2 m and 1.03 g/t over 25.3 m (see news release dated September 12, 2022 – Orla Mining Advances Exploration & Growth Pipeline). This positive intersection triggered follow-up drilling to further assess potential oxide pit extension over this area. Two holes were drilled in 2022 with CROX22-01, returning 1.10 g/t Au over 136.5 m[3] and CROX22-02 returning 0.70 g/t Au over 290 m including 0.97 g/t Au over 147.5 m3. Both holes intercepted the extension of the mineralization and associated oxidation that was intercepted in hole CRSX22-05, but within the current feasibility pit. Results so far indicate that mineralizing structures also act as pathways for deep oxidation beyond the current pit boundary. Further drilling is planned in 2023 to test for zones of oxidized mineralization that could potentially allow for local expansion of the oxide pit.

 

Deeper intersections suggest deep potential for extension of Camino Rojo Sulphides

 

Select holes from the recently completed 2022 sulphide drill program were extended to test the down plunge continuity of gold mineralization along the Dike Zone. These drill holes have returned encouraging and highly significant results, such as 4.02 g/t Au over 22.9 m. Compilation of historical drill data has also confirmed high-grade gold intercepts over significant widths with a similar style of mineralization elsewhere below the current extents of the Camino Rojo resource estimation model.

 

Most of the gold mineralization at Camino Rojo has been defined in the Caracol Formation where auriferous veins are mostly constrained to a broad envelope of potassic alteration (Kp). Recent and compiled historical drilling indicates gold mineralization extends deeper into the underlying Indidura and Cuesta del Cura formations (and potentially deeper into other underlying units) along the Dike Zone and Breccia Fault Zone, suggesting these faults may be feeder-like structures for the Camino Rojo deposit. This deeper gold mineralization is hosted by skarn and calc-silicate alteration associated with manto-type mineralization with semi-massive to massive sulphides replacing bedding.

 

2022 notable results hosted in Indidura or Cuesta del Cura formations:

  • Hole CRSX22-07: 4.02 g/t Au over 22.9 m, incl. 9.30 g/t Au over 6.1 m
  • Hole CRSX22-08B: 1.28 g/t Au over 24.6 m
  • Hole CRSX22-08B: 1.33 g/t Au over 17.2 m
  • Hole CRSX22-08C: 2.50 g/t Au over 9.1 m
  • Hole CRSX22-08C: 1.81 g/t Au over 19.4 m, incl. 2.51 g/t Au over 9.0 m

 

Selected historical4 results below Caracol Formation in Indidura or Cuesta del Cura Formations:

  • Hole CR12-366D: 4.04 g/t Au over 46.5 m, incl. 6.26 g/t Au over 27.0 m
  • Hole CR13-507DB: 3.08 g/t Au over 55.5 m, incl 5.67 g/t Au over 22.5 m
  • Hole CR13-455D: 6.12 g/t Au over 21.0 m, incl 18.75 g/t Au over 6.0 m
  • Hole CR13-454D: 2.11 g/t Au over 51.0 m, incl 6.72 g/t Au over 4.5 m
  • Hole CR13-453D: 3.62 g/t Au over 27.0 m
  • Hole CR14-597DG: 3.68 g/t Au over 25.5 m incl 11.49 g/t Au over 6.0 m

 

Regional Exploration Results

 

Orla’s first diamond drill core hole outside the Camino Rojo deposit returned 0.54 g/t Au over 7.10 m and 1.35 g/t Au over 2.35 m at the Guanamero target. Prior to this drill hole, meaningful gold mineralization had been restricted to the footprint of the Camino Rojo Deposit. These new regional exploration results, combined with strong exploration markers are a very encouraging step towards making a regional discovery. The positive exploration markers for Guanamero include the presence of gold-bearing mafic dikes, alteration and rock types similar to Camino Rojo deep potential target, as well as the Guanamero target being located on an extension of the mine trend.

 

Early-stage exploration targets were tested with reverse circulation drilling along the Camino Rojo Mine trend as well as to the south of the mine. One core hole (CRED22-01) was drilled into an IP anomaly at the Guanamero target area, approximately 7 km to the northeast of the mine. The Guanamero target area is defined by the northeast extension of diorite dikes along the regional structure hosting the Camino Rojo Mine, the presence of a large high magnetic signature (1 km2) and anomalous to significant results from Orla’s wide-spaced 2021 RAB drill program (see news release dated March 14, 2022). Drill hole CRED22-01 intersected geology similar to that encountered in the deep potential at the Camino Rojo Mine: altered diorite and hornblende porphyry diorite dikes with calc-silicate to propylitic altered Cuesta del Cura, La Peña, and Cupido formations. Trace to 2% disseminated and fine sulphide (pyrite, pyrrhotite, sphalerite, magnetite) veinlets, stringers and breccia zones were intercepted throughout the length of the hole. Anomalous to significant gold results, as listed below, are associated with zones of breccia and sulphide dissemination and veinlets. Follow-up drilling will be performed in early 2023.

  • 0.54 g/t over 7.10m, incl. 4.12 g/t over 0.7m (from 51.4 m)
  • 0.39 g/t over 5.50 m, incl. 1.02 g/t over 1.5 m (from 74.5 m)
  • 1.35 g/t over 2.35 m, incl. 3.83 g/t over 0.8 m (from 104.95 m)
  • 0.24 g/t over 5.65 m, incl. 1.42 g/t over 0.6m (from 116.9 m)
  • 0.44 g/t over 3.0 m (from 137.5 m)
  • 0.20 g/t over 4.3 m (from 151.0 m)
  • 0.32 g/t over 9.05 m (from 169.95 m)
  • 0.11 g/t over 17.5 m (from 279.5 m)
  • 2.17 g/t over 1.20 m (from 398.3 m)
  • 0.63 g/t over 1.5 m (from 571.5 m)

 

Composites for the regional exploration drilling were calculated using 0.1 g/t Au cut-off grade and maximum 6 metres consecutive waste.

 

2023 Exploration Plans & Strategy: Camino Rojo (Mexico)

 

Mexico Exploration 2023 Program Drilling Planned Spend
Camino Rojo Layback Drilling (capitalized) Infill on oxide mine

layback area

3,000 m DD $2m
Camino Rojo Sulphides Drilling Infilling sulphides

and other near-mine drilling

34,000 m DD sulphides

(20% deep extension)

6,500 m DD (oxides)

$16m
Camino Rojo Regional Exploration Target drill testing

and target definition

15,000-20,000 m RC

2,000-5,000 m DD

+Geophysical & geochemical surveys

$4m
Total Mexico Exploration $22m

 

Near Mine Exploration

 

Camino Rojo layback reserve drilling

 

A 3,000 metre, 22-hole drill program to confirm and delineate mineralization located in the oxide pit layback and allow for potential update of mineral resource and reserve estimates will be completed in 2023. This program will seek to define additional oxide reserves at the Camino Rojo Mine following confirmatory core drilling on the Fresnillo Plc (“Fresnillo”) property, located immediately north and adjacent of the Camino Rojo oxide mine open pit. While historical drilling indicates that mineralization continues across the property boundary onto the Fresnillo layback area, no ounces from this area are currently included in the Camino Rojo mineral reserve estimate.

 

Camino Rojo Sulphides drilling continuation

 

A 34,000-metre, 57 hole follow-up drill program will continue to infill the Camino Rojo Sulphides in 2023. 20% of the holes will extend to test the deep potential of the deposit. In addition, 6,500m will be drilled on the extensions of the Camino Rojo oxide deposit to update and expand resources and reserves.

 

Based on the positive results encountered in the 2021 and 2022 programs, more closely spaced, south-oriented drilling will be required to fully capture the extent of a potential underground resource. To date, 15,253 metres of directional drilling has been completed. This drilling has continued to inform Orla’s perspective on the development approach to the deposit. The 2023 drilling is expected to strengthen the confidence for the development of a Preliminary Economic Assessment (“PEA”) that contemplates underground mining by infilling the higher-grade (>2 g/t) portions of the deposit with 50 metre spacing of South-oriented drill holes. Overall drill spacing at the end of this next phase, including historical north-oriented drill holes, will be 25-30 metres. Upon the completion of the 2023 additional south oriented directional drilling and test work programs, a PEA is expected to be completed based on the optimal development scenario for Orla.

 

Regional Exploration

 

Approximately 15,000-20,000 metres of RC drilling and 2,000-5,000 metres of core drilling is planned for regional exploration in 2023. Regional exploration will consist of drill testing multiple targets outside the Camino Rojo deposit including priority targets along the northeast-southwest mine trend, including targets associated with recently defined IP anomalies. Priority targets such as Guanamero and Monterilla at the north-east and CR SW immediately to the south-west of the Camino Rojo deposit were only partially tested in 2022 and will be drill tested in 2023. Geophysical and geochemical surveys are also planned for 2023 to keep defining new targets.

 

Qualified Persons Statement

 

The scientific and technical information in this news release has been reviewed and approved by Mr. Sylvain Guerard, P Geo., SVP Exploration of the Company, who is the Qualified Person as defined under the definitions of National Instrument 43-101.

 

To verify the information related to the 2022 drilling programs at the Camino Rojo property, Mr. Guerard has visited the property in the past year; discussed logging, sampling, and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations.

 

Quality Assurance / Quality Control – 2022 Drill Program

 

All gold results at Camino Rojo were obtained by ALS Minerals (Au-AA23) using fire assay fusion and an atomic absorption spectroscopy finish. All samples are also analyzed for multi-elements, including silver, copper, lead and zinc using a four-acid digestion with ICP-AES finish (ME-ICP61) method at ALS Laboratories in Canada. If samples were returned with gold values in excess of 10 ppm or base metal values in excess of 1% by ICP analysis, samples are re-run with gold (Au-GRA21) by fire assay and gravimetric finish or base metal by (OG62) four acid overlimit methods. Drill program design, Quality Assurance/Quality Control and interpretation of results were performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards were inserted at a frequency of one in every 50 samples, and blanks were inserted at a frequency of one in every 50 samples for Quality Assurance/Quality Control purposes by the Company as well as the lab. ALS Laboratories is independent of Orla. There are no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the drilling data at Camino Rojo.

 

About Orla Mining Ltd.

 

Orla is operating the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and heap leach mine, located in Zacatecas State, Mexico. The property is 100% owned by Orla and covers over 160,000 hectares. The technical report for the 2021 Feasibility Study on the Camino Rojo oxide gold project entitled “Unconstrained Feasibility Study NI 43-101 Technical Report on the Camino Rojo Gold Project – Municipality of Mazapil, Zacatecas, Mexico” dated January 11, 2021, is available on SEDAR and EDGAR under the Company’s profile at www.sedar.com and www.sec.gov, respectively. Orla also owns 100% of Cerro Quema located in Panama which includes a gold production scenario and various exploration targets. Cerro Quema is a proposed open pit mine and gold heap leach operation. The technical report for the Pre-Feasibility Study on the Cerro Quema oxide gold project entitled “Project Pre-Feasibility Updated NI 43-101 Technical Report on the Cerro Quema Project, Province of Los Santos, Panama” dated January 18, 2022, is available on SEDAR and EDGAR under the Company’s profile at www.sedar.com and www.sec.gov, respectively. Orla also owns 100% of the South Railroad Project, a feasibility-stage, open pit, heap leach project located on the Carlin trend in Nevada. The technical report for the 2022 Feasibility Study entitled “South Railroad Project, Form 43-101F1 Technical Report Feasibility Study, Elko County, Nevada” dated March 23, 2022, is available on SEDAR and EDGAR under the Company’s profile at www.sedar.com and www.sec.gov, respectively. The technical reports are available on Orla’s website at www.orlamining.com.

 

Appendix: Drill Results

 

Table 1: Camino Rojo Near Mine Composite Drill Results

 

HOLE-ID From
(m)
To
(m)
Core Length
(m)
True Width
(m)
Au g/t Ag g/t Au GXM Au GXM
(TW)
Including
2.0g/t Au COG
Including
10g/t Au HG
Ox / Sx
CRSX22-07 439.80 441.30 1.50 1.01 1.32 39.3 1.98 1.33 SX
CRSX22-07 454.80 456.30 1.50 1.01 3.47 49.0 5.21 3.51 1.5m @ 3.47g/t Au SX
CRSX22-07 465.30 544.80 79.50 53.59 1.46 5.5 115.85 78.09 15m @ 2.77g/t Au
1.5m @ 2.03g/t Au
1.5m @ 2.91g/t Au
4.5m @ 2.88g/t Au
3m @ 2.28g/t Au
1.5m @ 2.41g/t Au
3m @ 3.74g/t Au
SX
CRSX22-07 556.80 561.30 4.50 3.04 1.55 4.3 6.97 4.71 SX
CRSX22-07 567.30 607.80 40.50 27.35 1.40 4.0 56.54 38.19 1.5m @ 5.12g/t Au
9m @ 2.72g/t Au
SX
CRSX22-07 619.80 627.30 7.50 5.09 1.82 1.4 13.62 9.25 1.5m @ 5.67g/t Au SX
CRSX22-07 646.80 648.30 1.50 1.02 2.29 8.4 3.44 2.33 1.5m @ 2.29g/t Au SX
CRSX22-07 663.30 664.80 1.50 1.02 1.16 6.5 1.74 1.18 SX
CRSX22-07 673.50 675.00 1.50 1.02 1.19 7.5 1.78 1.20 SX
CRSX22-07 681.00 682.50 1.50 1.01 1.55 5.2 2.33 1.57 SX
CRSX22-07 685.50 687.00 1.50 1.01 1.20 37.5 1.79 1.21 SX
CRSX22-07 777.60 800.50 22.90 15.43 4.02 12.2 92.03 62.01 6.05m @ 9.3g/t Au
9.1m @ 3.19g/t Au
0.6m @ 56.7g/t Au
1m @ 16.75g/t Au
SX
CRSX22-07 807.00 808.50 1.50 1.01 1.28 1.0 1.92 1.29
CRSX22-07 813.00 814.50 1.50 1.00 1.37 11.0 2.05 1.37
CRSX22-07 819.00 820.50 1.50 1.00 1.46 9.1 2.18 1.46
CRSX22-07 831.00 834.00 3.00 2.00 1.32 2.4 3.97 2.65
CRSX22-07 888.00 890.20 2.20 1.46 2.86 8.2 6.29 4.17 1m @ 4.9g/t Au
CRSX22-07C 295.90 297.40 1.50 1.02 1.52 5.5 2.28 1.56 SX
CRSX22-07C 304.90 306.40 1.50 1.02 1.08 1.5 1.61 1.10 SX
CRSX22-07C 307.90 316.50 8.60 5.87 1.01 8.3 8.70 5.93 1.8m @ 2.02g/t Au SX
CRSX22-07C 338.35 340.15 1.80 1.23 1.16 5.4 2.09 1.43 SX
CRSX22-07C 435.80 441.60 5.80 4.52 2.03 48.3 11.76 9.15 4.3m @ 2.29g/t Au SX
CRSX22-07C 455.10 477.60 22.50 17.39 2.64 11.3 59.39 45.91 12m @ 4.37g/t Au 1.5m @ 12.85g/t Au SX
CRSX22-07C 496.90 525.40 28.50 21.99 1.62 8.1 46.30 35.72 15m @ 2.11g/t Au
1.5m @ 2.56g/t Au
SX
CRSX22-07C 534.40 535.90 1.50 1.16 1.54 6.9 2.31 1.78 SX
CRSX22-07C 540.40 541.90 1.50 1.16 1.18 2.3 1.77 1.37 SX
CRSX22-07C 559.90 562.90 3.00 2.31 3.20 4.3 9.59 7.39 1.5m @ 4.6g/t Au SX
CRSX22-07C 569.70 572.50 2.80 2.15 4.55 20.1 12.74 9.79 2.8m @ 4.55g/t Au SX
CRSX22-07C 580.00 585.00 5.00 3.83 1.62 6.3 8.08 6.19 1.5m @ 3.21g/t Au SX
CRSX22-07C 610.00 614.05 4.05 3.12 1.61 1.3 6.54 5.03 1.5m @ 3.19g/t Au SX
CRSX22-07C 636.15 637.65 1.50 1.15 1.22 19.5 1.82 1.40 SX
CRSX22-07C 645.15 664.50 19.35 14.85 2.23 21.8 43.20 33.15 1.5m @ 9.87g/t Au
7.2m @ 3.02g/t Au
SX
CRSX22-07C 673.50 675.00 1.50 1.15 2.54 25.2 3.81 2.92 1.5m @ 2.54g/t Au SX
CRSX22-07C 760.50 763.50 3.00 2.34 1.11 8.8 3.34 2.60 SX
CRSX22-07C 771.00 772.70 1.70 1.33 3.55 12.4 6.04 4.71 1.7m @ 3.55g/t Au SX
CRSX22-08 523.00 524.50 1.50 1.40 1.99 7.6 2.99 2.79 SX
CRSX22-08 542.50 544.00 1.50 1.40 1.17 1.0 1.76 1.64 SX
CRSX22-08 564.50 605.50 41.00 38.26 1.83 7.7 75.16 70.14 0.9m @ 9.3g/t Au
9m @ 2.77g/t Au
9m @ 3.24g/t Au
SX
CRSX22-08 612.50 641.00 28.50 26.52 2.81 9.5 80.07 74.51 6m @ 4.35g/t Au
5.45m @ 6.22g/t Au
1.5m @ 4.73g/t Au
1.5m @ 13.5g/t Au
1.5m @ 15.3g/t Au
612.5 – 619.3 SX
619.3 – 626.65
626.65 – 627.5 OX
627.5 – 636.4 TRSX
636.4 – 641 SX
CRSX22-08 648.60 657.50 8.90 8.27 2.53 6.4 22.55 20.95 0.6m @ 29.3g/t Au 0.6m @ 29.3g/t Au SX
CRSX22-08 665.00 673.60 8.60 7.98 2.02 22.7 17.35 16.10 3.05m @ 3.93g/t Au SX
CRSX22-08 849.00 850.50 1.50 1.01 1.72 2.3 2.58 1.74 SX
CRSX22-08 879.00 880.50 1.50 1.00 1.25 15.2 1.87 1.25 879 – 879.3 FR
879.3 – 880.5 TROL
CRSX22-08 910.50 914.00 3.50 2.35 1.76 1.8 6.15 4.13 0.5m @ 7.33g/t Au SX
CRSX22-08B 495.50 497.00 1.50 1.50 1.07 9.1 1.61 1.60 SX
CRSX22-08B 519.00 520.70 1.70 1.70 1.14 40.9 1.93 1.93 SX
CRSX22-08B 545.50 557.30 11.80 11.77 2.07 10.9 24.47 24.40 2m @ 9.27g/t Au 0.5m @ 29.5g/t Au 545.5 – 546.7 SX
546.7 – 557.3 TRSX
CRSX22-08B 568.50 605.45 36.95 36.83 3.78 14.7 139.68 139.22 35.75m @ 3.86g/t Au 1.5m @ 21.7g/t Au
1.5m @ 16g/t Au
568.5 – 578.75 TRSX
578.75 – 579 TROL
579 – 580.5 TRSX
580.5 – 580.78 TROH
580.78 – 584.79 TRSX
584.79 – 586.39 TROL
586.39 – 599.42 TRSX
599.42 – 599.46 TROH
599.46 – 602 TROL
602 – 605.45 TROH
CRSX22-08B 611.50 645.50 34.00 33.87 2.70 4.5 91.83 91.47 1.5m @ 9.88g/t Au
24m @ 2.8g/t Au
1.4m @ 21g/t Au 611.5 – 619.2 TROL
619.2 – 645.5 SX
CRSX22-08B 651.60 668.00 16.40 16.33 1.85 4.9 30.40 30.26 10.4m @ 2.54g/t Au 651.6 – 651.7 SX
651.7 – 654 TRSX
654 – 668 SX
CRSX22-08B 693.00 698.00 5.00 4.38 1.20 0.7 6.00 5.25 TRSX
CRSX22-08B 734.50 751.50 17.00 14.93 1.05 3.8 17.80 15.64 1.3m @ 2.75g/t Au 734.5 – 736.7 TROL
736.7 – 742.15 SX
742.15 – 748.4
748.4 – 751.5 TROL
CRSX22-08B 756.00 757.50 1.50 1.32 1.23 12.7 1.85 1.62 TRSX
CRSX22-08B 772.00 777.70 5.70 4.99 1.75 11.8 10.00 8.76 1m @ 3.86g/t Au
1.7m @ 2.17g/t Au
TRSX
CRSX22-08B 785.00 786.50 1.50 1.31 2.06 17.0 3.09 2.70 1.5m @ 2.06g/t Au TRSX
CRSX22-08B 806.00 830.60 24.60 21.49 1.28 9.6 31.44 27.46 4.5m @ 3.01g/t Au SX
CRSX22-08B 858.80 876.00 17.20 14.97 1.33 17.8 22.87 19.90 1.5m @ 4.92g/t Au SX
CRSX22-08C 534.00 535.50 1.50 1.48 4.03 3.8 6.05 5.97 1.5m @ 4.03g/t Au SX
CRSX22-08C 550.00 559.50 9.50 9.37 2.64 8.6 25.12 24.78 9.5m @ 2.64g/t Au SX
CRSX22-08C 568.50 585.00 16.50 16.26 2.32 19.3 38.34 37.79 1.5m @ 6.3g/t Au
3m @ 7.1g/t Au
SX
CRSX22-08C 593.00 663.00 70.00 68.90 2.81 9.1 196.45 193.35 70m @ 2.81g/t Au 1.5m @ 11.55g/t Au
1.5m @ 14.05g/t Au
593 – 595.6 TRSX
595.6 – 597.7 TROL
597.7 – 600.25 OX
600.25 – 602.4 TROL
602.4 – 607.4 TRSX
607.4 – 609 TROL
609 – 611.56 TRSX
611.56 – 613.13 SX
613.13 – 613.65 TROL
613.65 – 615.65 TRSX
615.65 – 617.8 TROL
617.8 – 619.9 SX
619.9 – 627.7 TROL
627.7 – 663 SX
CRSX22-08C 673.50 679.50 6.00 4.94 2.88 4.2 17.29 14.25 4.5m @ 3.35g/t Au SX
CRSX22-08C 690.00 702.00 12.00 9.91 1.32 2.0 15.79 13.03 1.5m @ 3g/t Au
1.5m @ 2.77g/t Au
TRSX
CRSX22-08C 715.00 723.00 8.00 6.61 1.21 5.7 9.69 8.01 0.85m @ 4.13g/t Au 715 – 720.35 TRSX
720.35 – 723 SX
CRSX22-08C 730.50 740.50 10.00 8.27 1.11 3.8 11.10 9.17 1.5m @ 2.88g/t Au
1.5m @ 2.88g/t Au
730.5 – 736.05 SX
736.05 – 740.5 TRSX
CRSX22-08C 784.00 785.50 1.50 1.25 1.94 11.7 2.90 2.41 SX
CRSX22-08C 800.50 802.00 1.50 1.25 4.42 40.8 6.63 5.51 1.5m @ 4.42g/t Au SX
CRSX22-08C 849.95 852.00 2.05 1.70 2.14 10.0 4.39 3.65 2.05m @ 2.14g/t Au SX
CRSX22-08C 858.40 867.50 9.10 7.56 2.50 8.2 22.73 18.89 7.6m @ 2.79g/t Au SX
CRSX22-08C 876.50 878.00 1.50 1.25 2.07 1.8 3.11 2.58 1.5m @ 2.07g/t Au SX
CRSX22-08C 885.00 886.50 1.50 1.25 2.35 11.9 3.53 2.93 SX
CRSX22-08C 908.50 927.85 19.35 16.08 1.81 9.2 34.96 29.06 9m @ 2.51g/t Au
2.6m @ 2.75g/t Au
SX
CRSX22-09 489.50 491.00 1.50 1.34 2.23 5.3 3.35 3.00 1.5m @ 2.23g/t Au SX
CRSX22-09 522.00 538.00 16.00 13.15 6.94 36.5 111.10 91.30 14.5m @ 7.48g/t Au 1.5m @ 17.7g/t Au
1.5m @ 11.8g/t Au
2m @ 17.77g/t Au
SX
CRSX22-09 547.00 587.50 40.50 36.23 3.83 12.1 154.96 138.63 7.5m @ 6.74g/t Au
9m @ 9.28g/t Au
1.5m @ 26.4g/t Au
1.2m @ 29g/t Au
1.5m @ 13.1g/t Au
547 – 567.7 TRSX
567.7 – 582.8 SX
582.8 – 587.5 TRSX
CRSX22-09 595.50 606.00 10.50 9.39 1.08 4.4 11.39 10.18 1.5m @ 2.88g/t Au
1.5m @ 2.32g/t Au
SX
CRSX22-09 609.00 631.00 22.00 18.09 1.01 1.5 22.32 18.35 1.5m @ 3.33g/t Au
1.2m @ 3.54g/t Au
SX
CRSX22-09 656.50 671.00 14.50 12.95 1.90 4.2 27.53 24.59 7m @ 3.17g/t Au SX
CRSX22-09 678.50 679.50 1.00 0.89 1.85 0.7 1.85 1.65 SX
CRSX22-09A 467.40 468.40 1.00 0.99 5.78 16.6 5.78 5.70 1m @ 5.78g/t Au FR
CRSX22-09A 482.00 485.00 3.00 2.96 1.08 20.2 3.23 3.18 482 – 482.6 FR
482.6 – 485 SX
CRSX22-09A 492.50 571.50 79.00 77.87 2.76 9.3 218.25 215.14 55m @ 3.22g/t Au
1.5m @ 5.71g/t Au
3m @ 4.44g/t Au
1.5m @ 10.1g/t Au SX
CRSX22-09A 579.00 591.00 12.00 11.81 1.32 3.5 15.86 15.61 4.5m @ 2.3g/t Au SX
CRSX22-09A 600.00 605.50 5.50 5.41 2.53 5.2 13.91 13.69 1.5m @ 6.31g/t Au SX
CRSX22-09A 612.50 614.00 1.50 1.48 3.18 3.5 4.77 4.69 1.5m @ 3.18g/t Au SX
CRSX22-09A 620.50 624.50 4.00 3.94 1.37 5.2 5.46 5.38 620.5 – 621.6 SX
621.6 – 624.5 TRSX
CRSX22-09A 629.70 631.00 1.30 1.07 2.32 2.7 3.02 2.48 1.3m @ 2.32g/t Au OX
CRSX22-09A 648.00 656.50 8.50 6.99 1.22 5.8 10.40 8.55 2.5m @ 2.94g/t Au 648 – 651.5 TRSX
651.5 – 656.5 SX
CRSX22-09A 671.50 682.00 10.50 8.64 1.19 2.9 12.47 10.27 1.5m @ 4.37g/t Au SX
CRSX22-09A 695.50 748.00 52.50 43.22 1.16 8.9 60.98 50.19 1.5m @ 4.39g/t Au
1.5m @ 2.36g/t Au
1.5m @ 2.1g/t Au
10.5m @ 2.02g/t Au
695.5 – 722 SX
722 – 723.7 TROL
723.7 – 748 SX
CRSX22-09A 760.40 801.50 41.10 34.04 1.93 15.1 79.14 65.55 3m @ 3.31g/t Au
11m @ 4.06g/t Au
1.05m @ 25.6g/t Au SX
CRSX22-09B 460.50 462.00 1.50 1.43 1.40 15.8 2.09 2.00 SX
CRSX22-09B 481.50 483.00 1.50 1.44 2.13 24.7 3.20 3.06 1.5m @ 2.13g/t Au SX
CRSX22-09B 499.50 563.45 63.95 61.07 4.66 17.2 298.22 284.78 57.55m @ 5.08g/t Au 0.85m @ 10g/t Au
0.75m @ 35.2g/t Au
1.2m @ 13.75g/t Au
1.6m @ 10.85g/t Au
0.75m @ 73.6g/t Au
1.5m @ 16.5g/t Au
1.5m @ 19.7g/t Au
499.5 – 533.85 SX
533.85 – 553.9 TRSX
553.9 – 563.45 SX
CRSX22-09B 571.00 592.20 21.20 20.21 2.43 7.2 51.55 49.14 18.2m @ 2.64g/t Au 571 – 582.1 TRSX
582.1 – 587.5 SX
587.5 – 592.2
CRSX22-09B 600.00 615.50 15.50 14.78 1.26 1.7 19.50 18.59 1.5m @ 2.07g/t Au
0.6m @ 11.9g/t Au
0.6m @ 11.9g/t Au 600 – 606.35
606.35 – 615.5 SX
CRSX22-09B 646.65 652.75 6.10 4.49 3.05 7.9 18.61 13.70 4.05m @ 4.01g/t Au 0.8m @ 15.05g/t Au SX
CRSX22-09B 659.80 660.50 0.70 0.51 8.04 8.3 5.63 4.14 0.7m @ 8.04g/t Au SX
CRSX22-09B 671.00 684.50 13.50 9.91 1.21 3.5 16.34 11.99 3m @ 2.51g/t Au
1.5m @ 2.14g/t Au
671 – 671.1 SX
CRSX22-09B 708.50 730.90 22.40 16.37 1.18 7.9 26.40 19.30 0.7m @ 8.8g/t Au
1.5m @ 3.13g/t Au
CRSX22-09B 747.70 749.20 1.50 1.09 1.68 23.4 2.51 1.83
CRSX22-10 368.00 369.00 1.00 0.81 1.64 4.4 1.64 1.32 FR
CRSX22-10 370.50 372.00 1.50 1.21 1.26 12.2 1.88 1.52 FR
CRSX22-10 418.50 420.00 1.50 1.21 1.10 3.4 1.65 1.33 SX
CRSX22-10 456.00 462.00 6.00 4.82 2.09 26.3 12.55 10.08 1.5m @ 5.54g/t Au SX
CRSX22-10 483.00 484.50 1.50 1.20 1.19 6.4 1.78 1.43 SX
CRSX22-10 491.00 501.50 10.50 8.43 3.93 14.3 41.29 33.15 4.5m @ 8.48g/t Au 1.5m @ 18.8g/t Au SX
CRSX22-10 515.00 524.00 9.00 7.22 1.26 10.5 11.32 9.09 1.5m @ 3.47g/t Au SX
CRSX22-10 531.50 581.00 49.50 39.70 2.71 6.6 134.37 107.77 1.5m @ 2.86g/t Au
17.5m @ 3.21g/t Au
8m @ 6.8g/t Au
3m @ 2.06g/t Au
1.5m @ 22.7g/t Au
2.7m @ 17.3g/t Au
SX
CRSX22-10 588.50 603.50 15.00 12.02 1.20 5.2 18.00 14.42 1.5m @ 2.32g/t Au
1.5m @ 4.81g/t Au
SX
CRSX22-10 618.50 620.00 1.50 1.20 10.30 7.1 15.45 12.38 1.5m @ 10.3g/t Au 1.5m @ 10.3g/t Au SX
CRSX22-10 626.60 641.50 14.90 11.93 5.31 14.9 79.19 63.38 8.9m @ 8.34g/t Au 1.4m @ 12.15g/t Au
2.6m @ 18.89g/t Au
SX
CRSX22-10 652.00 655.00 3.00 2.40 1.97 4.1 5.92 4.73 1.5m @ 2.46g/t Au SX
CRSX22-10 664.00 703.00 39.00 31.05 1.29 9.2 50.39 40.12 6m @ 2.43g/t Au
1.5m @ 2.54g/t Au
1.5m @ 4.73g/t Au
1.5m @ 3.77g/t Au
SX
CRSX22-10 712.00 715.30 3.30 2.62 3.32 35.0 10.95 8.70 1.8m @ 4.9g/t Au SX
CRSX22-10 725.50 732.50 7.00 5.56 1.86 20.4 13.03 10.34 5.5m @ 2.08g/t Au SX
CRSX22-10 739.50 741.00 1.50 1.19 1.89 14.9 2.84 2.25 SX
CRSX22-10 747.00 748.50 1.50 1.19 1.32 8.2 1.98 1.57 SX
CRSX22-10 762.00 763.50 1.50 1.19 4.57 26.1 6.86 5.44 1.5m @ 4.57g/t Au SX
CRSX22-10 775.50 777.00 1.50 1.22 1.09 10.7 1.64 1.32 SX
CRSX22-10A 456.50 459.50 3.00 2.72 1.87 12.3 5.61 5.09 1.5m @ 2.65g/t Au SX
CRSX22-10A 468.50 470.00 1.50 1.36 2.00 13.4 3.00 2.72 1.5m @ 2g/t Au SX
CRSX22-10A 492.50 506.00 13.50 12.23 3.10 33.8 41.84 37.89 10.5m @ 3.55g/t Au SX
CRSX22-10A 524.00 545.00 21.00 18.96 3.13 6.8 65.71 59.33 10.5m @ 5.66g/t Au 1.5m @ 24g/t Au SX
CRSX22-10A 555.50 642.50 87.00 78.32 1.92 7.8 167.35 150.65 1.5m @ 3.07g/t Au
25.5m @ 3.14g/t Au
9m @ 2.99g/t Au
1.5m @ 5.7g/t Au
1.5m @ 2.94g/t Au
9m @ 2.03g/t Au
1.5m @ 10.5g/t Au SX
CRSX22-10A 657.50 665.00 7.50 6.73 2.53 21.9 18.98 17.04 1.5m @ 8.87g/t Au SX
CRSX22-10A 678.50 680.00 1.50 1.35 1.83 22.9 2.75 2.46 SX
CRSX22-10A 689.00 762.50 73.50 65.86 1.74 10.6 127.80 114.52 4.5m @ 2.08g/t Au
24m @ 2.61g/t Au
4.5m @ 2.25g/t Au
1.5m @ 2.4g/t Au
7.5m @ 2.23g/t Au
SX
CRSX22-10A 774.50 780.50 6.00 5.36 5.61 16.4 33.68 30.11 4.5m @ 6.85g/t Au 1.5m @ 11.95g/t Au SX
CRSX22-10A 788.00 789.00 1.00 0.90 1.61 13.8 1.61 1.45 SX
CRSX22-10B 464.50 466.00 1.50 1.38 1.24 45.8 1.85 1.71 SX
CRSX22-10B 487.50 489.00 1.50 1.38 4.93 68.6 7.40 6.81 1.5m @ 4.93g/t Au SX
CRSX22-10B 496.50 504.00 7.50 6.91 3.29 23.6 24.69 22.75 3m @ 6.58g/t Au SX
CRSX22-10B 516.00 517.50 1.50 1.38 12.20 95.1 18.30 16.86 1.5m @ 12.2g/t Au 1.5m @ 12.2g/t Au SX
CRSX22-10B 526.50 573.00 46.50 42.32 1.46 4.6 67.82 61.73 1.5m @ 2.15g/t Au
6m @ 3.38g/t Au
9m @ 2.29g/t Au
SX
Criteria: Cut off grade 1g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m, if Au grade x length > 1.5 the composite will be added

Table 2: Camino Rojo Oxide Pit Composite Drill Results

 

HOLE-ID From
(m)
To
(m)
Core Length
(m)
Au g/t Ag g/t Au GXM Including
0.5g/t Au COG
Including
1g/t Au COG
Including
2g/t Au COG
CROX22-01 21.50 71.50 50.00 0.99 11.5 49.48  1.5m @ 1g/t Au
39.5m @ 1.18g/t Au
 1.5m @ 1.58g/t Au
25m @ 1.56g/t Au
 1.6m @ 2.93g/t Au
6.05m @ 2.37g/t Au
1.5m @ 2.03g/t Au
1.3m @ 6.18g/t Au
CROX22-01 79.00 84.40 5.40 1.31 4.3 7.07  5.4m @ 1.31g/t Au  1.5m @ 4.1g/t Au  1.5m @ 4.1g/t Au
CROX22-01 98.70 133.50 34.80 0.42 13.3 14.63  1.3m @ 0.64g/t Au
1.5m @ 0.64g/t Au
1.5m @ 0.75g/t Au
1.5m @ 2.34g/t Au
2.9m @ 0.94g/t Au
 1.5m @ 2.34g/t Au
1.4m @ 1.2g/t Au
 1.5m @ 2.34g/t Au
CROX22-01 144.50 281.00 136.50 1.10 17.5 149.55  1.5m @ 0.62g/t Au
112.2m @ 1.29g/t Au
 5.5m @ 1.6g/t Au
1.5m @ 1.83g/t Au
3m @ 4.9g/t Au
56.5m @ 1.64g/t Au
4.5m @ 1.41g/t Au
 1.4m @ 3.11g/t Au
1.5m @ 7.82g/t Au
21.5m @ 2.06g/t Au
1.5m @ 2.08g/t Au
4.3m @ 2.06g/t Au
1.5m @ 2.02g/t Au
1.5m @ 2.57g/t Au
CROX22-02 0.00 290.00 290.00 0.70 10.6 203.01  3.6m @ 0.54g/t Au
1.5m @ 0.66g/t Au
1.5m @ 1.44g/t Au
147.5m @ 0.97g/t Au
10.65m @ 0.86g/t Au
25.95m @ 0.59g/t Au
4.5m @ 0.92g/t Au
3.2m @ 0.72g/t Au
1.5m @ 0.53g/t Au
1.5m @ 0.88g/t Au
 1.5m @ 1.44g/t Au
5.5m @ 1.33g/t Au
45.5m @ 1.59g/t Au
10.5m @ 1.17g/t Au
1.5m @ 1.17g/t Au
4.95m @ 1.07g/t Au
15.65m @ 1.12g/t Au
5.7m @ 1.15g/t Au
1.5m @ 1.05g/t Au
1.5m @ 1.01g/t Au
1.7m @ 1.37g/t Au
 1.5m @ 3.18g/t Au
4m @ 2.8g/t Au
6m @ 3.13g/t Au
1.5m @ 2.3g/t Au
1.75m @ 2.21g/t Au
1.8m @ 2.22g/t Au
1.15m @ 3.11g/t Au
Criteria: Cut off grade 0.2g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m

Table 3: Camino Rojo Regional Program Composite Drill Results

 

HOLE-ID From
(m)
To
(m)
Core Length
(m)
Au
g/t
Ag
g/t
Au GXM Including
0.5g/t Au COG
Including
1g/t Au COG
Met Code
CRED22-01 51.40 58.50 7.10 0.54 0.6 3.81  0.7m @ 4.12g/t Au  0.7m @ 4.12g/t Au  51.4 – 52.48 SX
52.48 – 52.83 OX
52.83 – 58.5 SX
CRED22-01 74.50 80.00 5.50 0.39 0.6 2.13  1.5m @ 1.02g/t Au  1.5m @ 1.02g/t Au SX
CRED22-01 104.95 107.30 2.35 1.35 1.1 3.17  0.8m @ 3.83g/t Au  0.5m @ 5.59g/t Au  104.95 – 105 OX
105 – 107.3 SX
CRED22-01 116.90 122.55 5.65 0.24 1.3 1.38  0.6m @ 1.42g/t Au  116.9 – 120.73 SX
120.73 – 122.55 OX
CRED22-01 137.50 140.50 3.00 0.44 0.3 1.32  1.5m @ 0.62g/t Au SX
CRED22-01 151.90 156.20 4.30 0.20 0.3 0.87 SX
CRED22-01 169.95 179.00 9.05 0.32 0.6 2.91  1.7m @ 1.43g/t Au  1.7m @ 1.43g/t Au SX
CRED22-01 279.50 297.00 17.50 0.11 1.8 1.95 SX
CRED22-01 398.30 399.50 1.20 2.17 0.8 2.60  1.2m @ 2.17g/t Au  1.2m @ 2.17g/t Au SX
CRED22-01 571.50 573.00 1.50 0.63 0.6 0.95  1.5m @ 0.63g/t Au SX
Criteria: Cut off grade 0.1g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m.

Table 4: Camino Rojo Drill Hole Collars

 

Drillhole Easting Northing Elevation Azimuth Dip Depth (m)
CRSX22-07 243658 2676063 1953 152 -74 1001
CRSX22-07C 243658 2676063 1953 152 -65 779
CRSX22-08 243680 2676269 1954 148 -73 922
CRSX22-08B 243680 2676269 1954 148 -73 881
CRSX22-08C 243680 2676269 1954 148 -73 929
CRSX22-09 243677 2676170 1951 152 -75 691
CRSX22-09A 243677 2676170 1951 151 -58 802
CRSX22-09B 243677 2676170 1951 150 -76 760
CRSX22-10 243599 2676109 1954 160 -60 785
CRSX22-10A 243599 2676109 1954 159 -61 790
CRSX22-10B 243599 2676109 1954 160 -61 585
CROX22-01 244153 2676098 1920 145 -56 282
CROX22-02 244190 2676120 1920 145 -59 290
CRED22-01 250253 2680276 1930 180 -65 600

 

___________________________________________
1 All metres reported above are down-hole intervals, with true width estimates ranging from 66-100% of the reported interval. See Table 1 for estimated true widths of individual composites. All assays were performed on 1.5 metre core intervals and all drill core is HQ in diameter in size. The reported composites were not subject to “capping”, however a preliminary analysis suggests that only 6 out of 2,910 samples exceeded the potential capping level of 27.0 g/t – these samples averaged 42.2 g/t gold (max. 73.6 g/t) and Orla believes that applying a top cut would have a negligible effect on overall grades. Composites for the sulphide drilling were calculated using 1 g/t Au cut-off grade and maximum 6 metres consecutive waste.
2 Additional information can be found in the Camino Rojo Technical Report entitled “Unconstrained Feasibility Study NI 43-101 Technical Report on the Camino Rojo Gold Project – Municipality of Mazapil, Zacatecas, Mexico” and dated January 11, 2021.
3 Composites for the oxide drilling were calculated using 0.2 g/t Au cut-off grade and maximum 6 metres consecutive waste.
4 Drill results presented are historical in nature. Such results were completed by Goldcorp Inc., a prior owner of the Camino Rojo Project. Composites for the sulphide drilling were calculated using 1 g/t Au cut-off grade and maximum 6 metres consecutive waste.

 

 


Figure 1: Camino Rojo Sulphides 2022 Drill Program Hole Location (Plan View) (CNW Group/Orla Mining Ltd.)

 

 


Figure 2: Camino Rojo Sulphides 2022 Drill Program Hole Location (Long Section) (CNW Group/Orla Mining Ltd.)

 

 


Figure 3: Camino Rojo Sulphides 2022 Results (Cross Section, Hole CRSX22-08) (CNW Group/Orla Mining Ltd.)

 

 


Figure 4: Camino Rojo Sulphides 2022 Program Vein Domains (Cross Section, Hole 7) (CNW Group/Orla Mining Ltd.)

 

 


Figure 5: Camino Rojo Sulphides Deep Potential 2022 Results (CNW Group/Orla Mining Ltd.)

 

 


Figure 6: Camino Rojo Sulphides Deep Potential (Schematic Cross Section) (CNW Group/Orla Mining Ltd.)

 

 


Figure 7: Camino Rojo Regional Exploration Program Guanamero Results (Hole 1) (CNW Group/Orla Mining Ltd.)

 

 


Figure 8: Guanamero Drill Results (Hole 1) (CNW Group/Orla Mining Ltd.)

 

 


Figure 9: Camino Rojo Oxide Layback Drilling Plan (Cross Section) (CNW Group/Orla Mining Ltd.)

 

Posted February 1, 2023

Share this news article

MORE or "UNCATEGORIZED"


Spanish Mountain Gold Announces Larger Scale Preliminary Economic Assessment With a Base Case NPV5% After-Tax of C$1.0 Billion, 18.2 % IRR and 3.4 Year Payback at US$ 2,450/Oz Gold Price; at US$3,300/Oz Spot Gold Price NPV5% C$2.3 Billion, 32.0% IRR and 2.0 Year Payback; Including an Updated Mineral Resource Estimate for Its Spanish Mountain Gold Project

Spanish Mountain Gold Ltd. (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF)... READ MORE

July 4, 2025

Aura Announces Preliminary Q2 2025 Production Results

Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) is plea... READ MORE

July 4, 2025

Cascadia Announces Closing of Financing

Cascadia Minerals Ltd. (TSX-V:CAM) (OTCQB:CAMNF) is pleased to an... READ MORE

July 4, 2025

Abcourt Closes US$ 8M Loan Facility to Start Sleeping Giant Mine

Abcourt Mines Inc. (TSX-V: ABI) (OTCQB: ABMBF) is pleased to anno... READ MORE

July 4, 2025

Mishkeegogamang First Nation and First Mining Sign Long Term Relationship Agreement for the Development of the Springpole Gold Project

Agreement setting out the significant participation of Mishkeegog... READ MORE

July 4, 2025

Copyright 2025 The Prospector News