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Orla Mining Reports Positive Results of Layback and Oxide Extension Drilling at Camino Rojo Mine

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Orla Mining Reports Positive Results of Layback and Oxide Extension Drilling at Camino Rojo Mine

 

 

 

 

 

Targeting Additional Near Mine Oxide Ounces

 

Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) is pleased to provide an update on its near-pit exploration activities at Camino Rojo completed in the second half of 2023.

 

2023 Exploration Highlights: Camino Rojo Oxides (Mexico)

 

In 2023, Orla completed 6,500 metres of drilling near the Camino Rojo Oxide Mine in Mexico to define additional oxide mineralization near the open pit. This near-pit exploration included 2,500 metres of drilling to confirm oxide gold mineralization on the Fresnillo plc property (the “Layback Area”), located immediately north of and adjacent to the Camino Rojo Oxide Mine open pit, and 4,000 metres of drilling targeting the extension of oxide gold mineralization hosted by key structures controlling deeper levels of oxide mineralization within and beyond the currently designed oxide open pit (Figure 1). An updated resource is planned for the first half of 2024, incorporating, for the first-time, mineral resources in the Layback Area.

 

“Our 2023 near-mine exploration validated near-surface oxide gold in the Layback Area and uncovered oxide expansion potential near the edge of the Camino Rojo Oxide Mine. The positive results from our near-mine oxide drilling program highlight the opportunity to replace a portion of the depleted ounces at the mine by incorporating incremental near-mine oxide material. These positive results pave the way for the 2024 near-mine drill program.”

 

Sylvain Guerard, Orla’s Senior Vice President, Exploration

 

The Layback Area drilling confirmed and delineated gold mineralization immediately north of and adjacent to the Camino Rojo Oxide Mine open pit (Figure 2). Results from the Layback Area drill program confirmed historical drill results and the continuity of oxide hosted gold mineralization across the property boundary.

 

Highlights of the Layback Area drill program:

 

Camino Rojo Layback
Hole CRLB23-03 : 0.85 g/t Au over 76.0 m incl. 1.28 g/t Au over 28.0 m and 1.27 g/t Au over 10.5 m
Hole CRLB23-08 : 0.48 g/t Au over 67.0 m incl. 1.00 g/t Au over 5.8 m
Hole CRLB23-01 : 0.37 g/t Au over 73.5 m incl. 0.65 g/t Au over 21.5 m and 0.59 g/t Au over 10.5 m
Hole CRLB23-14 : 1.09 g/t Au over 21.0 m incl. 1.60 g/t Au over 10.5 m and 0.76 g/t Au over 6.0 m
Hole CRLB23-05 :

And

1.06 g/t Au over 18.7 m incl. 4.06 g/t Au over 4.0 m

0.92 g/t Au over 22.5 m incl. 3.08 g/t Au over 3.0 m

 

Cut off grade 0.2g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m. See the Appendix to this news release for full drill results.

 

In near-pit oxide extension drilling, Orla’s exploration approach was to test along strike and down dip of key structures controlling oxidation to define additional oxide gold mineralization. Results from this program identified significant structurally controlled oxide mineralization up to 50 metres below (e.g., CROX23-08, 67.1m at 1.16 g/t incl. 58.0m at 1.32 g/t Au, Figure 3) and up to 15 m southeast (e.g., CROX23-17, 23.5m at 0.45 g/t Au, Figure 4) of the current ultimate oxide pit boundaries. Notably, the shallow oxide material intersected southeast of the current pit extents is considered to have the highest potential for driving a pit expansion. Follow-up drilling of the oxide mineralization southeast of the pit wall is planned for 2024.

 

Highlights of the near-pit extension drill program include:

 

Camino Rojo Oxide Extension
Hole CROX23-08: 1.16 g/t Au over 67.1 m (Ox/Tx/Sx) incl. 1.32 g/t Au over 58.0 m
Hole CROX23-04: 0.86 g/t Au over 65.1m (Tx/Sx) incl. 1.02 g/t Au over 22.5 m and 1.02 g/t Au over 18.5 m
Hole CROX23-16: 0.63 g/t Au over 63.0 m (Ox/Tx/Sx) incl. 1.71 g/t Au over 7.9 m
Hole CROX23-05: 0.52 g/t Au over 69.7m (Ox/Tx/Sx) incl. 1.46 g/t Au over 8.0 m and 1.33 g/t Au over 3.1 m
Hole CROX23-15: 0.49 g/t Au over 41.0 m (Ox/Tx/Sx) incl. 1.29 g/t Au over 6.4 m
Hole CROX23-11: 0.87 g/t Au over 21.0m (Tx)
Hole CROX23-17: 0.45 g/t Au over 23.5 m (Ox) incl. 3.11 g/t Au over 1.6 m

 

Cut off grade 0.2g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m. See the Appendix to this news release for full drill results.

 

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 2023 drilling program 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 –2023 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.

 

For additional information on the Company’s previously reported drill results referenced in this news release, see the Company’s news releases dated September 12, 2022 (Orla Mining Advances Exploration & Growth Pipeline) and January 31, 2023 (Orla Mining Continues to Intersect Wide, Higher-Grade Sulphide Zones and Expose Deeper Potential at Camino Rojo, Mexico).

 

Historical drill results at Camino Rojo were completed by Goldcorp. Inc. a prior owner of the project. The Company’s independent qualified person, Independent Mining Consultants, Inc. was of the opinion that the drilling and sampling procedures for Camino Rojo drill samples by Goldcorp (and prior to its acquisition by Goldcorp, Canplats Resources Corporation) were reasonable and adequate for the purposes of the Camino Rojo Report, and that the Goldcorp QA/QC program met or exceeded industry standards. See the Camino Rojo Report (as defined below) for additional information.

 

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 (the “Camino Rojo Report”), 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 Layback Program Composite Drill Results (Composites 0.2g/t Au cog)

 

HOLE-ID From
(m)
To
(m)
Core Length
(m)
Estimated
True Width
(m)
Au g/t Ag g/t Cu ppm Zn ppm Au GXM Including
0.2g/t Au COG
Outside Pit
Including
1g/t Au COG
Outside Pit
Met Code
CRLB23-01 26.40 41.15 14.8 14.3 0.31 4.8 37.7 1464.9 4.57 OX
CRLB23-01 49.00 50.50 1.5 1.5 0.24 4.1 63.0 837.0 0.35 OX
CRLB23-01 57.50 131.00 73.5 41.4 0.37 6.0 53.6 1277.7 27.52  57.5 – 99 OX
99 – 116.5 TROH
116.5 – 123.15 TROL
123.15 – 131 TRSX
CRLB23-01 138.50 175.00 36.5 20.4 0.51 11.1 66.6 2901.7 18.77  14m @ 0.9g/t Au  4.25m @ 2.23g/t Au TRSX
CRLB23-02 86.40 93.95 7.6 7.2 0.73 7.4 36.2 999.0 5.54 OX
CRLB23-02 106.00 125.50 19.5 2.0 0.28 6.3 43.0 1017.8 5.52  12m @ 0.35g/t Au OX
CRLB23-03 61.00 71.50 10.5 5.9 1.29 8.8 40.3 3033.6 13.50 OX
CRLB23-03 79.00 155.00 76.0 43.1 0.85 20.6 76.6 4501.4 64.74  4.5m @ 0.66g/t Au  1.5m @ 1.25g/t Au  79 – 104.2 OX
104.2 – 120 TROH
120 – 131.4 TROL
131.4 – 155 TRSX
CRLB23-04 67.00 68.50 1.5 1.4 0.22 2.2 29.0 165.0 0.32 OX
CRLB23-04 79.50 84.50 5.0 0.5 0.25 5.9 34.8 1681.0 1.24  1.5m @ 0.34g/t Au OX
CRLB23-04 90.50 92.00 1.5 0.2 0.27 1.9 55.0 555.0 0.41  1.5m @ 0.27g/t Au OX
CRLB23-05 58.00 59.50 1.5 1.3 0.29 4.0 39.0 1410.0 0.44 OX
CRLB23-05 68.00 73.50 5.5 4.9 1.59 7.8 79.5 1469.1 8.75 OX
CRLB23-05 84.00 87.00 3.0 2.7 0.31 5.2 48.5 988.5 0.94 OX
CRLB23-05 97.00 115.70 18.7 16.6 1.06 5.9 52.4 1031.0 19.74  97 – 105 OX
105 – 115.7 SX
CRLB23-05 127.50 150.00 22.5 19.9 0.92 16.6 82.2 3114.2 20.78  127.5 – 145.1 TROL
145.1 – 147.3 OX
147.3 – 150 TROH
CRLB23-06 39.00 42.00 3.0 2.7 0.77 1.8 22.0 595.5 2.32 OX
CRLB23-06 52.50 60.00 7.5 5.4 0.29 4.6 48.4 644.8 2.15 OX
CRLB23-06 69.00 70.50 1.5 1.1 0.43 5.3 49.0 1065.0 0.65 OX
CRLB23-06 94.50 100.00 5.5 4.9 0.22 4.4 39.5 1672.3 1.23 OX
CRLB23-06 129.00 134.60 5.6 4.1 0.63 4.3 48.5 824.9 3.51  129 – 129.65 TROH
129.65 – 134.35 TROL
134.35 – 134.6 TRSX
CRLB23-06 149.50 151.00 1.5 1.1 0.24 8.3 49.0 1385.0 0.35 TRSX
CRLB23-06 166.00 167.50 1.5 1.3 0.24 5.9 36.0 1445.0 0.35  1.5m @ 0.24g/t Au TRSX
CRLB23-06 175.00 190.50 15.5 11.3 0.31 4.7 56.0 933.5 4.81  15.5m @ 0.31g/t Au TRSX
CRLB23-07 41.00 48.50 7.5 5.4 0.33 3.2 32.8 780.8 2.47 OX
CRLB23-07 63.50 65.00 1.5 1.1 0.22 2.1 37.0 193.0 0.33 OX
CRLB23-08 6.90 14.50 7.6 7.2 0.27 4.4 47.7 866.1 2.06 OX
CRLB23-08 22.00 31.00 9.0 8.5 0.54 4.7 34.3 1691.3 4.86 OX
CRLB23-08 40.00 41.50 1.5 1.4 0.33 4.3 32.0 1430.0 0.49 OX
CRLB23-08 44.50 46.00 1.5 1.4 0.33 3.2 29.0 820.0 0.50 OX
CRLB23-08 52.00 53.50 1.5 1.4 0.41 4.2 44.0 651.0 0.62 OX
CRLB23-08 62.50 64.00 1.5 0.9 0.45 4.6 40.0 1095.0 0.67 OX
CRLB23-08 73.00 140.00 67.0 63.0 0.48 8.0 48.1 1376.6 32.44  73 – 89 OX
89 – 93 TROL
93 – 104.2 TRSX
104.2 – 121.95 TROH
121.95 – 128.9 TROL
128.9 – 130.4 TROH
130.4 – 137.5 OX
137.5 – 140 TROL
CRLB23-09 7.50 10.50 3.0 1.7 0.27 6.3 51.5 982.5 0.81 OX
CRLB23-09 22.00 23.50 1.5 1.5 0.37 3.7 42.0 1545.0 0.55 OX
CRLB23-09 42.00 54.00 12.0 11.6 0.37 4.5 49.4 964.1 4.46 OX
CRLB23-09 61.50 64.50 3.0 1.7 0.44 3.3 38.0 527.0 1.31 OX
CRLB23-09 75.00 93.10 18.1 10.2 0.37 5.2 37.3 1683.1 6.70  75 – 89.85 OX
89.85 – 93.05 TROL
93.05 – 93.1 SX
CRLB23-09 112.50 114.00 1.5 0.8 0.40 1.3 53.0 424.0 0.60 SX
CRLB23-09 118.50 120.00 1.5 0.8 0.38 2.4 37.0 344.0 0.57 SX
CRLB23-09 127.50 135.00 7.5 4.2 0.22 1.0 33.0 348.2 1.64  1.5m @ 0.4g/t Au SX
CRLB23-09 138.00 139.00 1.0 1.0 0.30 0.9 46.0 422.0 0.30  1m @ 0.3g/t Au SX
CRLB23-10 6.00 41.00 35.0 19.7 0.22 3.8 41.4 1333.8 7.83 OX
CRLB23-10 50.00 91.50 41.5 23.1 0.21 3.2 41.6 1134.7 8.62  50 – 72.35 OX
72.35 – 80 TROH
80 – 91.5 TROL
CRLB23-10 110.40 121.50 11.1 6.3 0.66 16.3 78.4 2590.9 7.27  110.4 – 111.3 TROL
111.3 – 115.25 TROH
115.25 – 121.5 SX
CRLB23-10 133.50 145.50 12.0 6.6 0.51 3.5 39.5 845.9 6.13 SX
CRLB23-10 166.50 170.00 3.5 3.4 1.70 11.6 51.0 3974.3 5.95  3.5m @ 1.7g/t Au  3.5m @ 1.7g/t Au SX
CRLB23-11 16.00 17.50 1.5 1.3 0.37 7.0 39.0 830.0 0.55 OX
CRLB23-11 44.50 55.00 10.5 9.3 0.36 3.0 41.1 719.3 3.83 OX
CRLB23-11 73.00 91.00 18.0 15.9 0.22 2.5 40.2 593.4 3.99  73 – 80.05 OX
80.05 – 91 TROL
CRLB23-11 98.50 107.50 9.0 7.9 0.38 6.3 39.8 956.7 3.40  98.5 – 101 TROH
101 – 107.5 TROL
CRLB23-11 126.00 129.00 3.0 2.6 0.85 6.3 67.5 973.0 2.54 SX
CRLB23-11 145.50 147.00 1.5 1.1 0.26 0.3 40.0 264.0 0.39 SX
CRLB23-11 156.00 157.50 1.5 1.3 0.47 0.3 38.0 108.0 0.70 SX
CRLB23-11 166.50 172.50 6.0 5.3 0.65 4.7 62.8 1220.8 3.89  1.5m @ 2.03g/t Au  1.5m @ 2.03g/t Au SX
CRLB23-12 13.50 15.00 1.5 0.3 0.30 4.3 67.0 875.0 0.45 OX
CRLB23-13 4.50 25.50 21.0 16.8 0.32 4.0 45.9 1131.8 6.65 OX
CRLB23-13 42.00 43.50 1.5 1.2 0.36 2.6 51.0 368.0 0.54 OX
CRLB23-13 49.00 52.70 3.7 2.9 0.35 3.8 51.0 1030.0 1.28 OX
CRLB23-13 64.50 74.00 9.5 7.6 0.61 5.0 47.0 804.9 5.81  64.5 – 69.9 OX
69.9 – 74 TRSX
CRLB23-13 89.00 125.50 36.5 28.9 0.50 4.7 56.1 1155.8 18.20  89 – 90 TRSX
90 – 100.8 TROL
100.8 – 113.5 TRSX
113.5 – 125.5 SX
CRLB23-13 136.00 137.50 1.5 1.2 0.24 5.6 43.0 655.0 0.36 SX
CRLB23-13 145.00 151.00 6.0 4.7 2.16 3.1 48.0 1156.3 12.98 SX
CRLB23-13 160.00 161.50 1.5 1.2 0.21 9.9 85.0 1540.0 0.31 SX
CRLB23-13 164.50 185.50 21.0 16.5 0.44 6.3 60.2 2391.4 9.23  12m @ 0.63g/t Au  1.5m @ 2.18g/t Au
1.5m @ 1.34g/t Au
SX
CRLB23-14 9.00 10.50 1.5 0.1 0.28 2.4 47.0 775.0 0.42 OX
CRLB23-14 21.00 33.00 12.0 1.2 0.42 4.5 40.6 1343.3 5.01 OX
CRLB23-14 46.50 67.50 21.0 2.1 1.09 6.5 61.8 1076.1 22.86 OX
CRLB23-14 96.00 103.50 7.5 7.2 0.23 1.8 42.2 389.2 1.76 SX
CRLB23-15 16.50 18.00 1.5 0.1 0.30 5.6 23.0 705.0 0.45 OX
CRLB23-15 51.00 54.00 3.0 0.2 0.27 1.6 30.0 286.5 0.80 OX
CRLB23-15 82.50 84.00 1.5 0.1 0.37 4.6 51.0 671.0 0.55  1.5m @ 0.36g/t Au OX
CRLB23-16 18.00 43.50 25.5 22.8 0.32 3.3 42.9 710.9 8.17 OX
CRLB23-16 58.50 60.00 1.5 1.3 0.95 4.7 39.0 1100.0 1.43 OX
CRLB23-16 87.00 99.25 12.3 10.9 0.23 4.3 36.8 775.7 2.80  87 – 88.05 OX
88.05 – 99.25 TROL
CRLB23-16 123.00 124.50 1.5 1.3 0.35 1.0 42.0 483.0 0.52 SX
CRLB23-16 138.00 139.95 1.9 1.7 0.32 0.8 45.0 523.0 0.62 SX
CRLB23-16 160.50 178.50 18.0 15.9 0.31 22.0 52.8 1673.9 5.61  12m @ 0.26g/t Au SX
CRLB23-17 66.50 69.50 3.0 0.3 0.29 1.3 33.0 309.5 0.87  66.5 – 69 OX
69 – 69.5 TROL
CRLB23-18 4.50 6.00 1.5 1.4 0.70 1.3 31.0 441.0 1.05 OX
CRLB23-18 20.50 25.00 4.5 4.1 0.36 4.1 55.3 930.0 1.62 OX
CRLB23-18 37.00 41.50 4.5 4.1 0.61 6.2 52.3 2276.7 2.74 OX
CRLB23-18 64.00 68.50 4.5 3.2 0.49 5.4 54.7 1022.7 2.19 OX
CRLB23-18 83.50 85.00 1.5 1.4 0.20 2.6 24.0 829.0 0.30 OX
CRLB23-18 97.00 106.00 9.0 6.4 0.22 4.5 39.8 674.8 1.94 TROL
CRLB23-18 163.50 180.00 16.5 14.8 0.27 3.0 41.5 1274.7 4.52 SX
CRLB23-18 189.00 200.00 11.0 10.0 0.51 12.9 88.5 2845.2 5.63 SX
CRLB23-19 30.00 31.50 1.5 0.1 0.34 4.1 52.0 898.0 0.50 OX
CRLB23-19 39.00 42.00 3.0 0.3 0.46 7.2 75.5 1332.5 1.38 OX
CRLB23-19 51.00 55.50 4.5 0.5 1.16 6.3 48.3 974.3 5.22 OX
CRLB23-19 82.50 84.00 1.5 0.2 0.24 4.6 33.0 414.0 0.36 TROH
CRLB23-20 49.80 51.70 1.9 1.7 0.35 1.2 31.0 171.0 0.67 OX
CRLB23-20 57.00 60.00 3.0 2.7 0.28 5.8 53.1 794.3 0.84 OX
CRLB23-20 79.50 81.00 1.5 1.3 0.25 11.7 48.0 913.0 0.37 TROL
CRLB23-20 97.00 98.50 1.5 1.3 1.76 28.0 111.0 2520.0 2.63 TROH
CRLB23-20 149.00 152.00 3.0 2.7 0.36 2.0 39.0 1135.0 1.08  3m @ 0.36g/t Au TRSX
CRLB23-20 158.00 160.00 2.0 1.8 0.25 5.4 56.0 662.0 0.50  2m @ 0.25g/t Au TRSX
CRLB23-21 3.00 7.00 4.0 2.2 0.47 12.9 56.0 1066.7 1.87 OX
CRLB23-21 19.00 25.00 6.0 3.4 0.23 4.5 53.3 622.3 1.39 OX
CRLB23-21 29.50 31.00 1.5 0.8 0.38 3.4 35.0 598.0 0.57 OX
CRLB23-21 44.50 56.50 12.0 6.7 0.56 5.5 44.6 872.0 6.75 OX
CRLB23-21 73.10 74.50 1.4 0.8 0.42 6.6 76.0 1375.0 0.59 OX
CRLB23-21 94.50 96.00 1.5 0.8 0.58 7.8 41.0 742.0 0.88 TROH
CRLB23-21 122.00 125.00 3.0 1.7 2.66 1.4 36.0 375.5 7.98 TRSX
CRLB23-22 28.50 33.00 4.5 4.1 1.07 5.0 25.0 1163.3 4.80 OX
CRLB23-22 64.50 66.00 1.5 1.4 0.47 7.6 45.0 857.0 0.70 TROL
CRLB23-22 164.60 165.65 1.1 0.9 0.40 11.8 20.0 710.0 0.42  1.05m @ 0.4g/t Au  164.6 – 165.6 TROL
165.6 – 165.65 SX
CRLB23-24 19.50 21.00 1.5 1.5 0.38 7.9 53.0 1210.0 0.57 OX
CRLB23-24 51.00 52.50 1.5 0.8 0.25 11.6 34.0 1245.0 0.37 OX
CRLB23-24 60.00 61.50 1.5 0.8 0.26 20.6 54.0 1055.0 0.39 TROL
CRLB23-24 72.00 73.50 1.5 0.9 0.22 1.5 37.0 211.0 0.33 SX
CRLB23-24 85.50 87.00 1.5 0.9 0.20 1.9 45.0 355.0 0.30 SX
CRLB23-24 91.50 93.00 1.5 0.8 0.27 2.3 26.0 283.0 0.41 SX
CRLB23-24 103.50 105.00 1.5 0.8 0.35 2.5 55.0 699.0 0.52  1.5m @ 0.34g/t Au SX

 

Criteria: Cut off grade 0.2g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m, if Au grade x length > 0.3 the composite will be added
Price Assumptions: Au = 1750usd oz, Ag = 21usd oz, Cu = 3.5usd lb, Zn = 1.2usd lb
FR= Fresh Rock, OX= Oxide, TROL= Transition Oxide Low, TROH= Transition Oxide High, MX= Mixed, TRSX= Transition Sulphide, SX= Sulphide

 

Table 2: Camino Rojo Oxide Program Composite Drill Results (Composites 0.2g/t Au cog)

 

HOLE-ID From
(m)
To
(m)
Core Length
(m)
Estimated
True Width
(m)
Au g/t Ag g/t Cu ppm Zn ppm Au GXM Including
0.2g/t Au COG
Outside Pit
Including
1g/t Au COG
Outside Pit
Met Code
CROX23-03 0.00 243.00 243.0 165.3 0.72 14.6 82.3 3294.1 176.09  46m @ 0.75g/t Au  2m @ 1.72g/t Au
6m @ 1.87g/t Au
 0 – 133.3 OX
133.3 – 176.8 TROH
176.8 – 191 TROL
191 – 206.45 OX
206.45 – 228 TROH
228 – 243 TROL
CROX23-04 0.00 34.50 34.5 28.3 0.36 7.1 50.1 1852.4 12.44 OX
CROX23-04 52.20 74.50 22.3 18.1 0.61 6.4 48.4 1523.2 13.64  52.2 – 71 TROH
71 – 74.5 TROL
CROX23-04 96.50 126.50 30.0 24.1 0.84 8.7 57.4 1483.7 25.21  96.5 – 114.65 SX
114.65 – 126.5 TROH
CROX23-04 144.00 145.50 1.5 1.2 0.22 0.9 36.0 643.0 0.34 SX
CROX23-04 156.00 267.00 111.0 88.4 0.91 11.4 104.9 4473.0 101.04  65.05m @ 0.86g/t Au  22.5m @ 1.02g/t Au
18.5m @ 1.02g/t Au
1.5m @ 1.9g/t Au
 156 – 178.3 SX
178.3 – 183.35 TROL
183.35 – 202.87 SX
202.87 – 209 TROL
209 – 213 SX
213 – 214.8 TROL
214.8 – 253.6 SX
253.6 – 267 TROL
CROX23-05 0.00 260.00 260.0 105.3 1.07 15.0 88.4 4747.1 277.64  69.7m @ 0.52g/t Au  7.95m @ 1.46g/t Au
3.09m @ 1.33g/t Au
 0 – 69 OX
69 – 76.3 TROH
76.3 – 80.35 TROL
80.35 – 83.1 TROH
83.1 – 86.4 TROL
86.4 – 89.72 SX
89.72 – 91 OX
91 – 119.65 TROH
119.65 – 125.4 SX
125.4 – 133.5 TROH
133.5 – 138 TRSX
138 – 161.85 TROH
161.85 – 175.3 TROL
175.3 – 197 OX
197 – 212.05 TRSX
212.05 – 257.1 TROL
257.1 – 260 SX
CROX23-06 31.00 160.00 129.0 109.0 0.67 15.7 60.3 4215.0 86.26  24m @ 0.31g/t Au  1.5m @ 1.16g/t Au  31 – 104.55 OX
104.55 – 111.65 TROL
111.65 – 120.75 SX
120.75 – 126 TRSX
126 – 141 SX
141 – 144 TRSX
144 – 160 SX
CROX23-07 0.00 240.00 240.0 171.2 1.04 20.4 109.9 5132.4 249.24  37.5m @ 0.63g/t Au  10.5m @ 1.07g/t Au  0 – 80.2 OX
80.2 – 103.55 TROH
103.55 – 108.85 SX
108.85 – 118.4 TROL
118.4 – 128.9 SX
128.9 – 136.95 TROL
136.95 – 171.6 TROH
171.6 – 191.5 TROL
191.5 – 199.5 OX
199.5 – 220.1 TROL
220.1 – 225.75 TROH
225.75 – 240 TRSX
CROX23-08 0.00 40.50 40.5 37.0 0.64 11.8 45.5 1605.3 26.08  0 – 33 OX
33 – 35.51 SX
35.51 – 40.5 TROH
CROX23-08 60.00 63.00 3.0 2.7 0.65 4.6 50.5 379.5 1.95 SX
CROX23-08 73.50 80.50 7.0 6.4 0.65 5.6 51.8 1362.6 4.55  73.5 – 75 SX
75 – 79.15 TRSX
79.15 – 80.5 TROH
CROX23-08 87.70 220.00 132.3 119.7 0.84 18.5 73.4 4724.3 111.28  67.1m @ 1.16g/t Au  58m @ 1.32g/t Au  87.7 – 89.9 SX
89.9 – 99.2 OX
99.2 – 105.45 SX
105.45 – 117 OX
117 – 129.9 SX
129.9 – 135.75 TROH
135.75 – 137.8 SX
137.8 – 146.1 OX
146.1 – 153 SX
153 – 156 TROL
156 – 157.85 TROH
157.85 – 162 OX
162 – 162.6 SX
162.6 – 165.75 TROH
165.75 – 193.8 OX
193.8 – 198.05 TROH
198.05 – 200.45 TRSX
200.45 – 220 SX
CROX23-09 7.80 54.10 46.3 39.2 0.66 11.1 51.1 1765.7 30.49 OX
CROX23-09 66.00 83.00 17.0 14.4 1.46 6.9 33.7 806.3 24.75  66 – 80 OX
80 – 83 TRSX
CROX23-09 90.20 120.50 30.3 25.6 0.43 3.2 41.6 931.8 13.03  90.2 – 91.3 TROL
91.3 – 103.5 SX
103.5 – 103.75 TROL
103.75 – 115.4 SX
115.4 – 120.3 TRSX
120.3 – 120.5 SX
CROX23-09 134.00 218.00 84.0 70.4 0.58 6.6 67.6 3248.9 48.77  76.5m @ 0.63g/t Au  1.5m @ 1.08g/t Au
10.5m @ 1.24g/t Au
10.5m @ 1.43g/t Au
1.5m @ 1.56g/t Au
SX
CROX23-10 87.70 180.00 92.3 82.4 0.43 10.5 54.3 2210.8 39.75  27m @ 0.44g/t Au  1.9m @ 2.32g/t Au  87.7 – 132.2 OX
132.2 – 139.6 TROL
139.6 – 170.5 SX
170.5 – 174.1 OX
174.1 – 177.35 TRSX
177.35 – 180 SX
CROX23-11 76.35 166.50 90.2 67.5 1.03 17.9 74.1 3224.8 92.41  21m @ 0.87g/t Au  1.5m @ 1.53g/t Au
1.5m @ 1.95g/t Au
1.5m @ 4.22g/t Au
 76.35 – 131 OX
131 – 132.2 TROL
132.2 – 166.5 TRSX
CROX23-11 174.00 175.00 1.0 0.8 0.44 6.2 92.0 1040.0 0.44  1m @ 0.44g/t Au SX
CROX23-12 46.50 53.50 7.0 5.8 0.84 5.6 68.3 1991.4 5.91  7m @ 0.84g/t Au  1.5m @ 3.55g/t Au OX
CROX23-12 62.50 64.00 1.5 1.4 0.27 5.9 38.0 2050.0 0.40  1.5m @ 0.26g/t Au OX
CROX23-12 68.50 70.00 1.5 1.4 0.50 5.0 111.0 1095.0 0.74  1.5m @ 0.5g/t Au OX
CROX23-12 74.50 77.50 3.0 2.7 0.24 3.4 41.5 736.5 0.71  3m @ 0.24g/t Au OX
CROX23-13 69.00 70.50 1.5 1.4 0.91 4.4 31.0 765.0 1.37 OX
CROX23-13 118.00 119.50 1.5 1.4 0.23 13.1 38.0 390.0 0.35 SX
CROX23-13 160.50 161.70 1.2 1.1 0.40 16.1 59.0 694.0 0.48 SX
CROX23-13 171.50 174.50 3.0 2.7 1.82 2.2 36.5 897.5 5.47  3m @ 1.82g/t Au  3m @ 1.82g/t Au SX
CROX23-13 191.00 204.50 13.5 12.3 0.26 4.9 35.6 895.8 3.46  13.5m @ 0.26g/t Au  191 – 198.5 TRSX
198.5 – 204.5 SX
CROX23-13 213.50 215.00 1.5 1.4 0.20 4.4 42.0 590.0 0.30  1.5m @ 0.2g/t Au SX
CROX23-13 219.50 259.00 39.5 36.1 0.37 9.2 55.1 2573.0 14.49  39.5m @ 0.37g/t Au  1.5m @ 3.31g/t Au SX
CROX23-14 96.50 155.50 59.0 33.0 0.71 22.1 60.7 2278.8 41.82  24.5m @ 0.45g/t Au  1.5m @ 1.27g/t Au
1.5m @ 1.36g/t Au
 96.5 – 127.85 OX
127.85 – 135.5 TRSX
135.5 – 145.2 OX
145.2 – 155.5 TRSX
CROX23-14 163.00 165.00 2.0 1.1 0.52 15.0 65.5 2225.0 1.04  2m @ 0.52g/t Au TRSX
CROX23-15 96.15 124.50 28.4 20.3 0.34 12.2 44.7 1679.8 9.56 OX
CROX23-15 133.50 174.50 41.0 29.2 0.49 9.9 56.2 1642.8 20.04  41m @ 0.49g/t Au  6.4m @ 1.29g/t Au
1.5m @ 1.08g/t Au
1.5m @ 1.36g/t Au
 133.5 – 143.6 SX
143.6 – 155.15 OX
155.15 – 163.9 TRSX
163.9 – 171.55 SX
171.55 – 174.5 TRSX
CROX23-15 182.00 201.00 19.0 13.5 0.25 5.4 48.9 1391.9 4.82  19m @ 0.25g/t Au  1.1m @ 1.66g/t Au SX
CROX23-15 216.00 217.50 1.5 1.1 0.48 6.3 67.0 1410.0 0.72  1.5m @ 0.48g/t Au SX
CROX23-16 108.00 178.50 70.5 38.7 0.66 14.0 62.5 1921.2 46.85  63m @ 0.63g/t Au  7.85m @ 1.71g/t Au
1.5m @ 1.36g/t Au
1.5m @ 1.38g/t Au
 108 – 141 OX
141 – 144.55 TRSX
144.55 – 161.6 SX
161.6 – 164.1 TRSX
164.1 – 168 SX
168 – 178.5 TRSX
CROX23-17 81.00 126.50 45.5 40.4 0.50 7.3 48.4 2163.9 22.60  23.5m @ 0.45g/t Au  1.6m @ 3.11g/t Au OX

 

Criteria: Cut off grade 0.2g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m, if Au grade x length > 0.3 the composite will be added
FR= Fresh Rock, OX= Oxide, TROL= Transition Oxide Low, TROH= Transition Oxide High, MX= Mixed, TRSX= Transition Sulphide, SX= Sulphide

 

Table 3: Camino Rojo Layback Drill Hole Collars

 

HOLE-ID Easting Northing Elevation Azimuth Dip Depth (m)
CRLB23-01 244598.7 2676292.5 1943.2 0.0 -90.00 175.0
CRLB23-02 244696.4 2676290.9 1941.7 0.0 -60.00 130.0
CRLB23-03 244696.5 2676289.5 1941.7 0.0 -90.00 155.0
CRLB23-04 244600.1 2676369.0 1943.2 0.0 -60.00 95.0
CRLB23-05 244597.7 2676343.3 1943.2 150.0 -60.00 150.0
CRLB23-06 244551.4 2676393.8 1944.0 150.0 -60.00 190.5
CRLB23-07 244499.0 2676447.1 1944.9 150.0 -60.00 120.0
CRLB23-08 244502.7 2676341.1 1944.5 150.0 -53.00 140.0
CRLB23-09 244502.6 2676341.4 1944.5 0.0 -90.00 180.0
CRLB23-10 244498.1 2676292.5 1944.7 0.0 -90.00 170.0
CRLB23-11 244449.2 2676373.9 1945.3 150.0 -60.00 180.0
CRLB23-12 244448.3 2676372.6 1945.6 0.0 -65.00 93.3
CRLB23-13 244448.5 2676325.5 1945.1 150.0 -70.00 190.0
CRLB23-14 244397.6 2676297.5 1945.8 0.0 -60.00 150.1
CRLB23-15 244401.0 2676374.0 1948.0 0.0 -60.00 100.0
CRLB23-16 244342.5 2676369.2 1946.8 150.0 -60.00 180.0
CRLB23-17 244342.4 2676370.2 1946.7 0.0 -60.00 90.0
CRLB23-18 244303.4 2676345.6 1946.9 150.0 -60.00 200.0
CRLB23-19 244302.2 2676350.7 1947.0 0.0 -60.00 115.0
CRLB23-20 244249.4 2676395.7 1947.9 150.0 -60.00 160.0
CRLB23-21 244246.7 2676299.2 1947.3 0.0 -90.00 155.0
CRLB23-22 244197.3 2676374.9 1948.2 150.0 -60.00 170.0
CRLB23-23 244197.7 2676373.9 1948.2 0.0 -60.00 70.0
CRLB23-24 244134.0 2676296.8 1947.9 0.0 -90.00 106.0

 

 

Table 4: Camino Rojo Oxide Drill Hole Collars

 

HOLE-ID Easting Northing Elevation Azimuth Dip Depth (m)
CROX23-03 244262.0 2676194.0 1900.0 145.0 -81.00 243.0
CROX23-04 244191.0 2676204.0 1900.0 146.0 -69.00 270.0
CROX23-05 244324.7 2676201.0 1900.0 145.0 -84.00 260.0
CROX23-06 244732.0 2676219.0 1920.0 145.0 -65.00 160.0
CROX23-07 244226.0 2676107.0 1890.0 144.0 -60.00 240.0
CROX23-08 244155.0 2676051.6 1890.1 151.0 -56.00 220.0
CROX23-09 244149.0 2676091.0 1890.0 165.0 -66.00 220.0
CROX23-10 244801.0 2676258.0 1940.0 149.0 -60.00 180.0
CROX23-11 244801.0 2676258.0 1940.0 149.0 -76.00 175.0
CROX23-12 244807.0 2676066.0 1938.0 155.0 -60.00 80.0
CROX23-13 244030.4 2676046.6 1946.3 132.0 -45.00 285.0
CROX23-14 244851.2 2676261.1 1938.0 0.0 -90.00 165.0
CROX23-15 244856.9 2676252.9 1938.0 145.0 -78.00 220.0
CROX23-16 244886.0 2676251.0 1938.2 0.0 -90.00 180.0
CROX23-17 244847.0 2676179.0 1939.0 145.0 -60.00 140.0

 

 


Figure 1: Oxide Layback and Extension Drilling –Drill Intersection Highlights (CNW Group/Orla Mining Ltd.)

 

 

 


Figure 2: Layback Drilling – Confirmation of Historical Fresnillo Data (CNW Group/Orla Mining Ltd.)

 

 

 


Figure 3: Oxide Extension Drilling – Hole 5&8 intercepted oxide and transitional mineralization in areas originally defined as sulphide in 2021 FS. (CNW Group/Orla Mining Ltd.)

 

 

 


Figure 4: Oxide Extension Drilling – Hole 17 showing oxide mineralization continues outside current ultimate pit (CNW Group/Orla Mining Ltd.)

 

Posted January 21, 2024

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