The Prospector News

Orvana Reports 10% Increase in Gold Equivalent Production for First Quarter 2021

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

  • Gold-equivalent production of 18,398 ounces; a 10% increase from Q4 Fiscal Year 2020.
  • Continuing brownfield and greenfield exploration at Orovalle, Spain.
  • Fieldwork exploration in progress at Taguas, Argentina.
  • Quality Assurance Testing Planning for the Oxides Stockpile Project (OSP) at EMIPA, Bolivia.

 

Orvana Minerals Corp. (TSX: ORV) announced operational results for the first quarter of fiscal 2021.

 

Juan Gavidia, CEO of Orvana Minerals stated: “The Company has started fiscal 2021 with a strong first quarter, both at the operational and exploration levels. Orvana remains on target to deliver on our production guidance, plus, more strategically, advancing exploration and developmental initiatives at our three business units in Spain, Argentina and Bolivia.”

 

OroValle

 

  • Quarterly 14,127 ounces of gold production, 5% higher than previous quarter due to higher throughput, partially off-set by lower ore grade.
  • Copper production was 2.0 million pounds, 15% higher than previous quarter.
  • Lidia Project Exploration Program commenced on schedule.
  • Permitting for Ortosa Godan is in progress. Drilling expected to start in March 2021.

 

Taguas

 

  • Fieldwork exploration campaign completed in December 2020, including new access points, geological mapping and soil and rock sampling.
  • Preparations are underway for a drilling campaign to start in February 2021.
  • A new Mineral Resource Estimate is being updated in compliance with Canadian National Instrument 43-101, by Geosim Services Inc, an independent consulting firm, by February 2021.

 

EMIPA

 

  • As a result of latest metallurgical testing showing positive results for the Oxides Stockpile Project (OSP), a pilot program is being developed, with final conclusions expected in late fiscal 2021.
  • New reprocessing and interpretation of historical geological data was completed in December 2020. Areas of interest will be subject to non-drilling exploration fieldwork during the next three quarters of fiscal 2021. The goal is to develop drilling targets for fiscal 2022 within the most prospective areas of the Don Mario Complex.

 

Production Results

 

Q1 2021 Q4 2020 Q1 2020
El
Valle
Don
Mario
Total El
Valle
Don
Mario
Total El
Valle
Don
Mario
Total
Ore milled (tones) 180,380 180,380 166,047 166,047 155,662 64,875 220,537
Gold Equivalent (oz) 18,398 18,398 16,742 16,742 15,654 2,132 17,786
Gold
Grade (g/t) 2.60 2.60 2.70 2.70 2.98 1.07 2.42
Recovery (%) 93.6 93.6 93.3 93.3 92.20 84.4 92.2
Production (oz) 14,127 14,127 13,422 13,422 13,722 2,093 15,815
Copper
Grade (%) 0.63 0.63 0.58 0.58 0.36 0.36
Recovery (%) 81.6 81.6 83.4 83.4 71.5 71.5
Production (K lbs) 2,044 2,044 1,780 1,780 892 892

 

ABOUT ORVANA

 

Orvana is a multi-mine gold-copper-silver company. Orvana’s assets consist of the producing El Valle and Carlés gold-copper-silver mines in northern Spain, and the Don Mario gold-silver property in Bolivia, currently in care and maintenance. Orvana is in the process of closing the acquisition of Taguas, Argentina.

 

Posted January 18, 2021

Share this news article

MORE or "UNCATEGORIZED"


Solaris Reports 800m of 0.83% CuEq From Surface including 370m of 0.94% CuEq; Continued Expansion of Warintza Central

Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) is pleased to re... READ MORE

April 19, 2021

Mining to Date of the San Albino Vein Yields 7,734 Ounces Gold at a Diluted Grade of 17.45 g/t Gold and Positively Reconciles to the MDA Resource Estimate

Mako Mining Corp. (TSX-V: MKO) (OTCQX: MAKOF) is pleased to repo... READ MORE

April 19, 2021

Labrador Gold Closes $9.8 Million Flow-Through Financing Backed by Eric Sprott and New Found Gold to Accelerate Exploration at Kingsway

Labrador Gold Corp. (TSX.V:LAB) (OTCQX:NKOSF) (FNR: 2N6) is pleas... READ MORE

April 19, 2021

McEwen Mining: Q1 2021 Production Results

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated p... READ MORE

April 19, 2021

IMC International Mining Corp. Announces Closing of First Tranche of Private Placement

IMC International Mining Corp. (CSE:IMCX) (OTCQB:IMIMF) (FRA:3MX)... READ MORE

April 19, 2021

Copyright 2021 The Prospector News