Selective Follow-up Drilling Planned at
Promising Regional Targets
VANCOUVER, BC, Feb. 16,
2023 /CNW/ - Orla Mining Ltd. (TSX: OLA)
(NYSE: ORLA) ("Orla" or the "Company") is pleased to provide an
update on its 2022 exploration activities on its Cerro Quema
Project and an overview of exploration plans for 2023.
2022 Exploration Highlights: Cerro Quema (Panama)
- Caballito Deposit: Drilling increased confidence and
refined geometry, controls, and definition of the mineralization.
Notable results:
-
- CQDH-22-223: 0.98% Cu, 0.20 g/t Au over 105.2 m (Sulphide) from 90.4 m
- CQDH-22-192: 1.54% Cu, 0.52 g/t Au over 47.8 m (Sulphide) from 100.5 m
- CQDH-22-197: 2.62% Cu, 0.39 g/t Au over 19.5 m (Sulphide) from 187.7 m
- CQDH-22-195: 1.91% Cu, 0.13 g/t Au over 21.2 m (Sulphide) from 94.7 m
- La Pava Sulphide Mineralization: Recent drill program
combined with historical drilling defined zones of significant
Cu-Au sulphide mineralization beneath the oxide gold deposits.
Notable results:
-
- CQDH-22-204: 0.69% Cu, 0.32 g/t Au over 15.0 m (Sulphide) from 69.0 m and 1.41% Cu, 0.46 g/t Au over
4.5 m (Sulphide) from
97.1 m
- CQDH-22-209: 0.45% Cu, 0.16 g/t Au over 39.6 m (Sulphide) from 117.2 m and 0.78% Cu, 0.17 g/t Au over
6.8 m (Sulphide) from
167.7 m
- Quemita Norte Target: Potential satellite sulphide
mineralization highlighted by positive 2022 Cu-Au drill
intersections over a 180-metre by 210-metre area. Mineralization
remains open along strike. Notable results:
-
- CQDH-22-208: 0.54% Cu, 0.14 g/t Au over 58.1 m (Sulphide) from 30.0 m
- CQDH-22-212: 1.35% Cu, 0.24 g/t Au over 19.9 m (Sulphide) from 162.2 m
- CQDH-22-203: 0.38% Cu, 0.18 g/t Au over 28.8 m (Sulphide) from 137.2 m and 1.09% Cu, 0.10 g/t Au over
9.5 m (Sulphide) from
59.7 m
- La Pelona Target: Significant near-surface oxide drill
intersections to be followed up with drilling in 2023 to define
potential extent and size of the mineralization.
- La Prieta Target: Intrusion related Cu-Au mineralization
intersected in first drill program highlights potential of the
target and justifies follow-up drilling in 2023.
"The 2022 exploration program reinforced the potential for the
definition and discovery of more oxide and sulphide resources on
the property," said Sylvain Guerard,
Senior Vice President Exploration of Orla. "In 2023, our focus will
be follow-up drilling at La Pelona and La
Prieta targets where we believe there is significant
exploration upside yet to be defined."
2022 Exploration: Cerro Quema (Panama)
Cerro Quema consists of a pre-feasibility stage heap leach gold
project, a copper-gold sulphide resource, and a suite of
exploration targets on a prospective land package. The project is
located on a 15,000-hectare concession on the Azuero Peninsula in
the Los Santos Province of
Southwestern Panama. In 2022,
exploration drilling at Cerro Quema began with regional exploration
at the La Prieta and La Pelona
targets before moving to metallurgical, infill, and expansion
drilling at Caballito and La Pava mineralized zones and early-stage
follow-up drilling at Quemita Norte target. In total, 9,044 metres
were drilled in Panama during the
year.
Exploration at the Caballito and La Pava deposits and the
Quemita Norte target in the second half of 2022 continued to
generate significant drill intersections. These new drill results
build on the previously reported 2022 positive drill results
generated at the early stage La Pelona and La Prieta regional targets, (see news
release dated September 12, 2022 -
Orla Mining Advances Exploration & Growth Pipeline), and
further highlight the presence of significant copper and gold
mineralization at the Cerro Quema project.
La Prieta and La
Pelona:
The 2022 exploration program began by drill testing two regional
targets: La Pelona and La Prieta.
As previously reported, both regional targets returned positive
drill results, including new shallow oxide-hosted gold
mineralization at La Pelona (0.46 g/t gold over 104.8m, and 0.27 g/t gold over 113.7m) and sulphide-hosted gold-copper
mineralization at La Prieta
(27.3 g/t gold and 0.91% Cu over 0.75m and 1.01 g/t gold over 13.5m) (see news release dated
September 12, 2022 - Orla
Mining Advances Exploration & Growth Pipeline). Follow-up
drilling on these encouraging results from these regional
exploration targets is planned for early 2023.
Caballito:
Orla completed 20 core drill holes (4,339 metres) including
three drill holes (599 metres) for metallurgical study at the
Caballito deposit in the second half of 2022. Infill drilling was
undertaken to increase drilling density and to better define the
geometry and extent of mineralization. These recent drill holes
have helped to 1) improve the understanding within the core area of
the deposit, the geological controls, continuity, and geometry of
mineralization, and to 2) better define and constrain the extent of
the boundaries of mineralization.
Notable results from 2022 drilling:
- CQDH-22-199: 0.58% Cu, 0.52 g/t Au over 31.4 m (Oxide) from 33.7 m
- CQDH-22-192: 0.04% Cu, 0.69 g/t Au over 34.2 m (Oxide) from 14.2 m and 1.54% Cu, 0.52 g/t Au over
47.8 m (Sulphide) from
100.5 m
- CQDH-22-195: 0.03% Cu, 0.61 g/t Au over 85.7 m (Oxide) from 9.0 m and 1.91% Cu, 0.13 g/t Au over
21.2 m (Sulphide) from
94.7 m
- CQDH-22-199: 0.58% Cu, 0.52 g/t Au over 31.4 m (Oxide) from 33.7 m
- CQDH-22-197: 2.62% Cu, 0.39 g/t Au over 19.5 m (Sulphide) from 187.7 m
- CQDH-22-200: 1.72% Cu, 0.10 g/t Au over 18.0 m (Sulphide) from 233.3 m and 0.89% Cu, 0.07 g/t Au over
90.3 m (Sulphide) from
282.8 m
- CQDH-22-206: 0.84% Cu, 0.34 g/t Au over 65.2 m (Sulphide) from 44.6 m
- CQDH-22-223: 0.17% Cu, 0.33 g/t Au over 24.7 m (Oxide) from 14.2 m and 0.98% Cu, 0.20 g/t Au over
105.2 m (Sulphide) from
90.4 m
La Pava:
Orla completed eight core holes (1,343 metres) at La Pava in
2022, targeting potential extensions of sulphide mineralization
defined by historical drilling beneath the oxide mineralization.
The new drill results together with extensive historical drilling
indicate the presence of significant copper-gold sulphide
mineralization. The sulphide Cu-Au mineralization at La Pava is now
defined over a strike length of approximately 800 metres, over a
width of 280 metres, consisting of stacked sub horizontal
lenticular shapes with thicknesses up to 35 metres, beneath the
oxide gold mineralization. In addition, some of the 2022 drill
holes cut oxide material while targeting the sulphide
mineralization, confirming the upper oxide mineralization zone.
Notable 2022 drill results:
- CQDH-22-204: 0.06% Cu, 1.04 g/t Au over 69.0 m (Oxide) from 0.0 m1 and 0.69% Cu, 0.32 g/t Au
over 15.0 m (Sulphide) from
69.0 m and 0.50% Cu, 0.29 g/t Au
over 24.0 m (Sulphide) from
110.6 m
- CQDH-22-209: 0.45% Cu, 0.16 g/t Au over 39.6 m (Sulphide) from 117.2 m and 0.78% Cu, 0.17 g/t Au over
6.8 m (Sulphide) from
167.7 m
Selected historical2 drill results in
sulphide below the La Pava oxide mineralization:
HOLE-ID
|
From
(m)
|
To
(m)
|
Core Length
(m)
|
Au
g/t
|
Cu %
|
AuEq
g/t
|
CuEq
%
|
PDH11006
|
144.00
|
182.00
|
38.00
|
0.29
|
1.12
|
1.90
|
1.33
|
PDH11013
|
90.00
|
118.00
|
28.00
|
0.14
|
2.08
|
3.10
|
2.17
|
PDH12028
|
61.00
|
106.00
|
45.00
|
0.17
|
0.95
|
1.53
|
1.07
|
PDH12033
|
100.00
|
172.00
|
72.00
|
0.68
|
1.21
|
2.41
|
1.69
|
PDH12040
|
133.00
|
179.00
|
46.00
|
0.43
|
0.82
|
1.61
|
1.12
|
PDH92009
|
148.30
|
186.00
|
37.70
|
1.14
|
2.46
|
4.65
|
3.25
|
PDH93014
|
97.00
|
121.00
|
24.00
|
0.50
|
1.77
|
3.03
|
2.12
|
PDH93017
|
85.00
|
127.00
|
42.00
|
0.43
|
1.24
|
2.20
|
1.54
|
PRH12250
|
14.00
|
39.00
|
25.00
|
0.25
|
1.74
|
2.74
|
1.91
|
Quemita Norte:
The Quemita Norte target is located 200 metres northwest of the
Quemita Oxide gold deposit. Five core holes (1,328 metres) were
completed, following-up on a historical and previously reported
intersection obtained in hole CQDH-17-112[3] (1.36% Cu &
0.15 g/t Au over 26.5 metres and 0.60% Cu & 0.12 g/t Au over
124.4 metres (see the Company's August
24, 2017 news release – Orla Provides Update on its
Projects). The 2022 drill program extended copper
mineralization over approximately 180 metres on a
northwest-southeast drill section and 210 metres along strike. The
mineralization remains open along strike and additional drilling is
required to further define the extent of mineralization.
Notable sulphide results:
- CQDH-22-208: 0.54% Cu, 0.14 g/t Au over 58.1 m, from 30.0
m
- CQDH-22-212: 1.35% Cu, 0.24 g/t Au over 19.9 m from 162.2
m
- CQDH-22-203: 0.38% Cu, 0.18 g/t Au over 28.8 m from 137.2
m and 1.09% Cu, 0.10 g/t Au over 9.5 m from 59.7
m
2023 Exploration Plans & Strategy: Cerro Quema
(Panama)
A $5 million exploration budget is
planned in Panama in 2023 which
would include approximately 5,500 metres of core drilling.
Targeting Discoveries:
The 2023 exploration program
will follow-up on the encouraging results generated at La Pelona
and La Prieta regional targets in
2022 (see news release dated September
12, 2022 - Orla Mining Advances Exploration & Growth
Pipeline). Upon completion of the exploration and
drilling campaign during the dry season of the first half of 2023,
exploration and operational activities will be reduced in
Panama. Data interpretation of the
results will take place primarily in the second half of 2023 while
on-the-ground activities will be minimal.
Drilling at La Pelona in 2022 confirmed high sulphidation type
gold mineralization associated with argillic alteration, vuggy
silica, overlying an Induced Polarization (IP) chargeability
anomaly. Oxide gold mineralization has been intersected in drilling
over a strike length of 300 metres and from surface to 150
metres vertically and remains open along strike and at depth
within sulphide mineralization. In 2023, the drill program will
consist of approximately 3,000 metres of core drilling to test the
broader alteration, gold-in-rock, and IP chargeability anomalies
over a strike length of approximately two kilometres.
Drilling at La Prieta in 2022
intercepted copper-gold mineralization associated with pyrite,
chalcopyrite, and bornite in quartz stockworks, quartz veins and
hydrothermal magnetite-pyrite matrix breccias hosted in a
multi-phase dioritic intrusion. Multiple intercepts, ranging from
surface to 490 metres down-hole, of anomalous gold (>100 ppb Au)
and copper (>0.1% Cu) and significant mineralization (>0.5
g/t Au and/or >0.3% Cu) were intersected in 2022. In 2023, the
drill program will consist of approximate 2,500 metres of core
drilling to follow-up on encouraging 2022 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 ("NI 43-101").
To verify the information related to the 2022 drilling programs
at the Cerro Quema 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 Quality Assurance/Quality Control ("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 – Cerro Quema 2022 Drill
Program
All gold results for Cerro Quema 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 copper, using an Aqua Regia (ME-ICP41)
method at ALS Laboratories in Peru. If samples are returned
with Cu values in excess of 1% by ICP analysis, samples are re-run
with AA46 aqua regia and atomic absorption analysis. If
samples are returned with gold metal values in excess of 10 g/t by
fire assay and atomic absorption spectroscopy finish, samples are
re-run with Au-GRA21 gravimetric analysis and atomic absorption
analysis. Drill program design, QA/QC and interpretation of
results are performed by qualified persons employing a QA/QC
program consistent with NI 43-101 and industry best
practices. Standards were inserted at a frequency of one in
every 50 samples, duplicates at a frequency of one in every 50
samples, and blanks were inserted at a frequency of (at random) one
in every 50 samples for QA/QC 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 Cerro Quema.
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 (the
"Cerro Quema Technical 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 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.
Forward-looking Statements
This news release contains certain "forward-looking
information" and "forward-looking statements" within the meaning of
Canadian securities legislation and within the meaning of Section
27A of the United States Securities Act of 1933, as amended,
Section 21E of the United States Exchange Act of 1934, as amended,
the United States Private Securities Litigation Reform Act of 1995,
or in releases made by the United States Securities and Exchange
Commission, all as may be amended from time to time, including,
without limitation, statements regarding the potential
mineralization at Cerro Quema based on the 2022 drill program and
statements regarding the Company's 2023 drill program, including
the expected expenditures, timing and results thereof.
Forward-looking statements are statements that are not historical
facts which address events, results, outcomes or developments that
the Company expects to occur. Forward-looking statements are based
on the beliefs, estimates and opinions of the Company's management
on the date the statements are made and they involve a number of
risks and uncertainties. Certain material assumptions regarding
such forward-looking statements were made, including without
limitation, assumptions regarding the price of gold, silver, and
copper; the accuracy of mineral resource and mineral reserve
estimations; that there will be no material adverse change
affecting the Company or its properties; that all required
approvals will be obtained, including concession renewals and
permitting; that political and legal developments will be
consistent with current expectations; that currency and exchange
rates will be consistent with current levels; and that there will
be no significant disruptions affecting the Company or its
properties. Consequently, there can be no assurances that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Forward-looking statements involve significant known
and unknown risks and uncertainties, which could cause actual
results to differ materially from those anticipated. These risks
include, but are not limited to: uncertainty and variations in the
estimation of mineral resources and mineral reserves, including
risks that the interpreted drill results may not accurately
represent the actual continuity of geology or grade of the deposit,
bulk density measurements may not be representative, interpreted
and modelled metallurgical domains may not be representative, and
metallurgical recoveries may not be representative; the Company's
reliance on Camino Rojo; financing risks and access to additional
capital; risks related to natural disasters, terrorist acts, health
crises and other disruptions and dislocations, including by the
COVID-19 pandemic; risks related to the Company's indebtedness;
success of exploration, development, and operation activities;
foreign country and political risks, including risks relating to
foreign operations and expropriation or nationalization of mining
operations; concession risks; permitting risks; environmental and
other regulatory requirements; delays in or failures to enter into
a subsequent agreement with Fresnillo Plc with respect to accessing
certain additional portions of the mineral resource at Camino Rojo
and to obtain the necessary regulatory approvals related thereto;
the mineral resource estimations for Camino Rojo being only
estimates and relying on certain assumptions; delays in or failure
to get access from surface rights owners; risks related to guidance
estimates and uncertainties inherent in the preparation of
feasibility and pre-feasibility studies, including but not limited
to, assumptions underlying the production estimates not being
realized, changes to the cost of production, variations in quantity
of mineralized material, grade or recovery rates, geotechnical or
hydrogeological considerations during mining differing from what
has been assumed, failure of plant, equipment or processes, changes
to availability of power or the power rates, ability to maintain
social license, changes to exchange, interest or tax rates, cost of
labour, supplies, fuel and equipment rising, changes in project
parameters, delays, and costs inherent to consulting and
accommodating rights of local communities; uncertainty in estimates
of production, capital, and operating costs and potential
production and cost overruns; the fluctuating price of gold,
silver, and copper; global financial conditions; uninsured risks;
competition from other companies and individuals; uncertainties
related to title to mineral properties; conflicts of interest;
risks related to compliance with anti-corruption laws; volatility
in the market price of the Company's securities; assessments by
taxation authorities in multiple jurisdictions; foreign currency
fluctuations; the Company's limited operating history; risks
related to the Company's history of negative operating cash flow;
litigation risks; intervention by non-governmental organizations;
outside contractor risks; risks related to historical data; unknown
labilities in connection with acquisitions; the Company's ability
to identify, complete, and successfully integrate acquisitions;
dividend risks; risks related to the Company's foreign
subsidiaries; risks related to the Company's accounting policies
and internal controls; the Company's ability to satisfy the
requirements of the Sarbanes-Oxley Act of 2002; enforcement of
civil liabilities; the Company's status as a passive foreign
investment company for U.S. federal income tax purposes;
information and cyber security; gold industry concentration;
shareholder activism; risks associated with executing the Company's
objectives and strategies, as well as those risk factors discussed
in the Company's most recently filed management's discussion and
analysis, as well as its annual information form dated March 18, 2022, which are available on
www.sedar.com and www.sec.gov. Except
as required by the securities disclosure laws and regulations
applicable to the Company, the Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change.
Cautionary Note to U.S. Readers
This news release has been prepared in accordance with
Canadian standards for the reporting of mineral resource and
mineral reserve estimates, which differ from the previous and
current standards of the United
States securities laws. In particular, and without limiting
the generality of the foregoing, the terms "mineral reserve",
"proven mineral reserve", "probable mineral reserve", "inferred
mineral resources", "indicated mineral resources", "measured
mineral resources" and "mineral resources" used or referenced in
this news release are Canadian mineral disclosure terms as defined
in accordance with Canadian National Instrument 43-101 – Standards
of Disclosure for Mineral Projects ("NI 43-101") and the Canadian
Institute of Mining, Metallurgy and Petroleum (the "CIM") – CIM
Definition Standards on Mineral Resources and Mineral Reserves,
adopted by the CIM Council, as amended (the "CIM Definition
Standards").
For United States reporting
purposes, the United States Securities and Exchange Commission
("SEC") has adopted amendments to its disclosure rules (the "SEC
Modernization Rules") to modernize the mining property disclosure
requirements for issuers whose securities are registered with the
SEC under the Securities Exchange Act of 1934, as amended. The SEC
Modernization Rules more closely align the SEC's disclosure
requirements and policies for mining properties with current
industry and global regulatory practices and standards, including
NI 43-101, and replace the historical property disclosure
requirements for mining registrants that were included in Industry
Guide 7 under the U.S. Securities Act. As a foreign private issuer
that is eligible to file reports with the SEC pursuant to the
multijurisdictional disclosure system, the Company is not required
to provide disclosure on its mineral properties under the SEC
Modernization Rules and provides disclosure under NI 43-101 and the
CIM Definition Standards. Accordingly, mineral reserve and mineral
resource information contained in news release may not be
comparable to similar information disclosed by United States companies.
As a result of the adoption of the SEC Modernization Rules,
the SEC now recognizes estimates of "measured mineral resources",
"indicated mineral resources" and "inferred mineral resources." In
addition, the SEC has amended its definitions of "proven mineral
reserves" and "probable mineral reserves" to be "substantially
similar" to the corresponding CIM Definition Standards that are
required under NI 43-101. While the above terms are "substantially
similar" to CIM Definition Standards, there are differences in the
definitions under the SEC Modernization Rules and the CIM
Definition Standards. There is no assurance any mineral reserves or
mineral resources that the Company may report as "proven mineral
reserves", "probable mineral reserves", "measured mineral
resources", "indicated mineral resources" and "inferred mineral
resources" under NI 43-101 would be the same had the Company
prepared the reserve or resource estimates under the standards
adopted under the SEC Modernization Rules or under the prior
standards of Industry Guide 7. Accordingly, information contained
in this news release may not be comparable to similar information
made public by U.S. companies subject to the reporting and
disclosure requirements under the United
States federal securities laws and the rules and regulations
thereunder.
Appendix: Drill Results
Table 1: Cerro Quema Drill Composites
HOLE-ID
|
From
(m)
|
To
(m)
|
Core Length
(m)
|
Estimated True
Width
(m)
|
Au
g/t
|
Cu %
|
AuEq
g/t
|
CuEq
%
|
Including
Calculated with 5% Cu COG
|
Area
|
OX /
SX
|
Cog
|
CQDH-22-191
|
15.70
|
20.20
|
4.50
|
3.95
|
0.05
|
0.42
|
0.64
|
0.45
|
|
Quemita
|
OX
|
0.2
|
CQDH-22-191
|
29.00
|
30.10
|
1.10
|
0.97
|
0.05
|
0.60
|
0.90
|
0.63
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
51.40
|
58.90
|
7.50
|
6.61
|
0.17
|
0.71
|
1.17
|
0.82
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
75.40
|
81.40
|
6.00
|
5.28
|
0.08
|
0.37
|
0.61
|
0.43
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
86.60
|
99.60
|
13.00
|
11.43
|
0.11
|
0.30
|
0.53
|
0.37
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
106.10
|
109.10
|
3.00
|
2.64
|
0.07
|
0.39
|
0.63
|
0.44
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
124.40
|
125.90
|
1.50
|
1.32
|
0.07
|
0.37
|
0.61
|
0.42
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
144.50
|
146.00
|
1.50
|
0.49
|
0.19
|
0.34
|
0.66
|
0.47
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
162.60
|
164.10
|
1.50
|
0.49
|
0.14
|
0.27
|
0.53
|
0.37
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
172.80
|
174.35
|
1.55
|
0.50
|
0.07
|
0.33
|
0.54
|
0.38
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
177.25
|
178.75
|
1.50
|
0.49
|
0.06
|
0.50
|
0.77
|
0.54
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
207.10
|
208.60
|
1.50
|
0.49
|
0.08
|
0.31
|
0.52
|
0.37
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-191
|
217.60
|
219.10
|
1.50
|
0.48
|
0.08
|
0.31
|
0.52
|
0.37
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-192
|
14.20
|
48.35
|
34.15
|
19.69
|
0.69
|
0.04
|
0.75
|
0.53
|
|
Caballito
|
OX
|
0.2
|
CQDH-22-192
|
100.50
|
148.30
|
47.80
|
27.28
|
0.52
|
1.54
|
2.73
|
1.91
|
3m @ 0.6g/t Au
& 7.57% Cu from 108m
1.5m @ 0.7g/t Au & 7.9% Cu from 133.2m
|
Caballito
|
SX
|
0.5
|
CQDH-22-192
|
184.20
|
185.70
|
1.50
|
0.86
|
0.21
|
0.21
|
0.51
|
0.35
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-192
|
223.05
|
227.10
|
4.05
|
2.30
|
0.62
|
1.19
|
2.32
|
1.62
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-192
|
243.95
|
244.90
|
0.95
|
0.54
|
0.06
|
0.86
|
1.28
|
0.90
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-195
|
9.00
|
94.70
|
85.70
|
81.67
|
0.61
|
0.03
|
0.65
|
0.46
|
|
Caballito
|
OX
|
0.2
|
CQDH-22-195
|
94.70
|
115.90
|
21.20
|
20.18
|
0.13
|
1.91
|
2.87
|
2.01
|
2m @ 0.24g/t Au &
6.68% Cu from 96.2m
|
Caballito
|
SX
|
0.5
|
CQDH-22-197
|
76.85
|
78.40
|
1.55
|
0.81
|
0.19
|
0.61
|
1.07
|
0.75
|
|
Idaida
|
SX
|
0.5
|
CQDH-22-197
|
187.70
|
207.20
|
19.50
|
10.29
|
0.39
|
2.62
|
4.13
|
2.89
|
1.5m @ 0.68g/t Au &
6.69% Cu from 201.2m
|
Idaida
|
SX
|
0.5
|
CQDH-22-198
|
71.10
|
72.05
|
0.95
|
0.62
|
0.35
|
0.56
|
1.14
|
0.80
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-199
|
33.70
|
65.05
|
31.35
|
31.19
|
0.52
|
0.58
|
1.34
|
0.94
|
|
Caballito
|
OX
|
0.2
|
CQDH-22-199
|
70.10
|
73.80
|
3.70
|
3.68
|
0.32
|
4.42
|
6.64
|
4.65
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-200
|
138.35
|
147.95
|
9.60
|
4.01
|
0.23
|
0.40
|
0.80
|
0.56
|
|
Idaida
|
SX
|
0.5
|
CQDH-22-200
|
233.30
|
251.30
|
18.00
|
7.12
|
0.10
|
1.72
|
2.55
|
1.79
|
|
Idaida
|
SX
|
0.5
|
CQDH-22-200
|
282.80
|
373.05
|
90.25
|
32.45
|
0.07
|
0.89
|
1.34
|
0.94
|
|
Idaida
|
SX
|
0.5
|
CQDH-22-201
|
94.50
|
99.00
|
4.50
|
3.96
|
0.10
|
0.65
|
1.03
|
0.72
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-201
|
115.50
|
129.00
|
13.50
|
11.83
|
0.06
|
0.34
|
0.55
|
0.39
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-201
|
205.50
|
207.00
|
1.50
|
0.53
|
0.15
|
0.25
|
0.51
|
0.35
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-201
|
210.00
|
214.50
|
4.50
|
1.60
|
0.15
|
0.24
|
0.50
|
0.35
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-201
|
223.50
|
225.00
|
1.50
|
0.54
|
0.09
|
0.32
|
0.55
|
0.38
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-201
|
226.50
|
228.00
|
1.50
|
0.54
|
0.14
|
0.35
|
0.64
|
0.45
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-202
|
4.50
|
25.50
|
21.00
|
20.07
|
0.07
|
0.50
|
0.78
|
0.54
|
|
Caballito
|
OX
|
0.2
|
CQDH-22-203
|
59.70
|
69.20
|
9.50
|
8.84
|
0.10
|
1.09
|
1.66
|
1.16
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-203
|
76.70
|
88.45
|
11.75
|
10.93
|
0.12
|
0.30
|
0.56
|
0.39
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-203
|
92.65
|
95.35
|
2.70
|
2.51
|
0.11
|
0.29
|
0.53
|
0.37
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-203
|
99.60
|
101.10
|
1.50
|
1.39
|
0.10
|
0.39
|
0.66
|
0.46
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-203
|
117.70
|
119.20
|
1.50
|
1.39
|
0.16
|
0.28
|
0.56
|
0.40
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-203
|
137.15
|
165.95
|
28.80
|
22.27
|
0.18
|
0.38
|
0.71
|
0.50
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-203
|
172.15
|
173.65
|
1.50
|
1.17
|
0.13
|
0.31
|
0.58
|
0.41
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-203
|
182.80
|
184.30
|
1.50
|
1.18
|
0.10
|
0.32
|
0.56
|
0.39
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-203
|
191.80
|
194.80
|
3.00
|
2.36
|
0.15
|
0.35
|
0.64
|
0.45
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-204
|
0.00
|
69.00
|
69.00
|
61.79
|
1.04
|
0.06
|
1.12
|
0.79
|
|
La Pava
|
OX
|
0.2
|
CQDH-22-204
|
69.00
|
84.00
|
15.00
|
13.43
|
0.32
|
0.69
|
1.30
|
0.91
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-204
|
97.05
|
101.55
|
4.50
|
4.03
|
0.46
|
1.41
|
2.47
|
1.73
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-204
|
110.55
|
134.50
|
23.95
|
21.45
|
0.29
|
0.50
|
1.01
|
0.71
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-205
|
0.00
|
23.00
|
23.00
|
21.53
|
0.87
|
0.03
|
0.91
|
0.64
|
|
La Pava
|
OX
|
0.2
|
CQDH-22-205
|
141.50
|
143.00
|
1.50
|
1.42
|
0.11
|
0.46
|
0.77
|
0.54
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-205
|
153.50
|
156.50
|
3.00
|
2.83
|
0.38
|
1.64
|
2.73
|
1.91
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-205
|
180.50
|
186.50
|
6.00
|
5.65
|
0.19
|
0.67
|
1.14
|
0.80
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-206
|
44.55
|
109.70
|
65.15
|
64.89
|
0.34
|
0.84
|
1.54
|
1.08
|
1.1m @ 0.42g/t Au &
7.88% Cu from 50.1m
|
Caballito
|
SX
|
0.5
|
CQDH-22-206
|
121.30
|
126.55
|
5.25
|
5.22
|
0.21
|
0.46
|
0.86
|
0.60
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-206
|
135.05
|
136.55
|
1.50
|
1.49
|
0.11
|
0.29
|
0.52
|
0.37
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-207
|
107.00
|
116.30
|
9.30
|
6.17
|
0.42
|
1.27
|
2.24
|
1.57
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-207
|
127.30
|
157.30
|
30.00
|
19.97
|
0.15
|
0.29
|
0.56
|
0.39
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-208
|
30.00
|
88.10
|
58.10
|
55.08
|
0.14
|
0.54
|
0.92
|
0.64
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-208
|
174.75
|
179.25
|
4.50
|
3.15
|
0.05
|
0.36
|
0.56
|
0.39
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-209
|
49.10
|
50.60
|
1.50
|
1.49
|
0.15
|
0.04
|
0.20
|
0.14
|
|
La Pava
|
MX
|
0.2
|
CQDH-22-209
|
61.65
|
78.20
|
16.55
|
16.50
|
0.15
|
0.04
|
0.21
|
0.15
|
|
La Pava
|
OX
|
0.2
|
CQDH-22-209
|
81.20
|
83.85
|
2.65
|
2.64
|
0.18
|
0.05
|
0.25
|
0.18
|
|
La Pava
|
MX
|
0.2
|
CQDH-22-209
|
104.60
|
111.50
|
6.90
|
6.88
|
0.26
|
0.06
|
0.34
|
0.24
|
|
La Pava
|
OX
|
0.2
|
CQDH-22-209
|
117.15
|
156.70
|
39.55
|
39.44
|
0.16
|
0.45
|
0.81
|
0.57
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-209
|
167.70
|
174.45
|
6.75
|
6.73
|
0.17
|
0.78
|
1.28
|
0.89
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-209
|
211.90
|
217.40
|
5.50
|
5.48
|
0.43
|
0.14
|
0.62
|
0.44
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-209
|
241.30
|
242.35
|
1.05
|
1.05
|
0.74
|
0.04
|
0.80
|
0.56
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-210
|
61.40
|
66.40
|
5.00
|
4.97
|
0.28
|
1.57
|
2.51
|
1.76
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-210
|
73.60
|
82.80
|
9.20
|
9.14
|
0.32
|
0.34
|
0.80
|
0.56
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-210
|
95.50
|
101.80
|
6.30
|
6.25
|
0.66
|
0.24
|
1.01
|
0.71
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-210
|
115.70
|
117.25
|
1.55
|
1.54
|
0.58
|
0.06
|
0.67
|
0.47
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-210
|
120.00
|
121.20
|
1.20
|
1.19
|
0.60
|
0.06
|
0.68
|
0.48
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-212
|
83.50
|
85.00
|
1.50
|
1.42
|
0.12
|
0.34
|
0.61
|
0.42
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-212
|
128.70
|
130.20
|
1.50
|
1.42
|
0.19
|
0.28
|
0.58
|
0.41
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-212
|
150.90
|
155.80
|
4.90
|
4.66
|
0.29
|
0.38
|
0.83
|
0.58
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-212
|
162.20
|
182.05
|
19.85
|
18.89
|
0.24
|
1.35
|
2.17
|
1.52
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-212
|
218.65
|
222.70
|
4.05
|
3.86
|
0.02
|
0.82
|
1.19
|
0.83
|
|
Quemita
|
SX
|
0.5
|
CQDH-22-213
|
105.40
|
112.90
|
7.50
|
4.96
|
0.26
|
0.68
|
1.24
|
0.87
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-214
|
2.00
|
10.60
|
8.60
|
8.55
|
0.24
|
0.03
|
0.29
|
0.20
|
|
La Pava
|
OX
|
0.2
|
CQDH-22-214
|
29.50
|
38.50
|
9.00
|
8.95
|
0.00
|
0.30
|
0.43
|
0.30
|
|
La Pava
|
MX
|
0.2
|
CQDH-22-214
|
142.15
|
151.20
|
9.05
|
9.01
|
0.21
|
0.31
|
0.66
|
0.46
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-214
|
162.10
|
165.10
|
3.00
|
2.99
|
0.20
|
0.27
|
0.59
|
0.41
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-214
|
170.70
|
174.10
|
3.40
|
3.39
|
0.30
|
0.28
|
0.69
|
0.49
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-214
|
203.85
|
211.35
|
7.50
|
7.47
|
0.21
|
0.36
|
0.73
|
0.51
|
|
La Pava
|
SX
|
0.5
|
CQDH-22-215
|
104.60
|
114.90
|
10.30
|
10.26
|
0.35
|
0.28
|
0.74
|
0.52
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-215
|
127.15
|
131.40
|
4.25
|
4.24
|
0.44
|
0.41
|
1.02
|
0.72
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-216
|
0.00
|
1.50
|
1.50
|
1.31
|
0.21
|
0.01
|
0.23
|
0.16
|
|
La Pava
|
OX
|
0.2
|
CQDH-22-217
|
0.00
|
1.50
|
1.50
|
0.79
|
0.25
|
0.00
|
0.25
|
0.18
|
|
Idaida
|
OX
|
0.2
|
CQDH-22-217
|
8.65
|
22.90
|
14.25
|
7.63
|
0.21
|
0.04
|
0.27
|
0.19
|
|
Idaida
|
OX
|
0.2
|
CQDH-22-217
|
138.25
|
144.25
|
6.00
|
3.31
|
0.27
|
0.33
|
0.74
|
0.52
|
|
Idaida
|
SX
|
0.5
|
CQDH-22-218
|
3.00
|
4.50
|
1.50
|
1.50
|
0.27
|
0.03
|
0.31
|
0.22
|
|
Caballito
|
OX
|
0.2
|
CQDH-22-218
|
141.40
|
155.05
|
13.65
|
13.59
|
0.27
|
0.63
|
1.17
|
0.82
|
|
Caballito
|
SX
|
0.5
|
CQDH-22-219
|
0.00
|
1.60
|
1.60
|
1.51
|
0.26
|
0.06
|
0.36
|
0.25
|
|
La Pava
|
OX
|
0.2
|
CQDH-22-220
|
0.00
|
1.50
|
1.50
|
1.08
|
0.48
|
0.01
|
0.49
|
0.34
|
|
Idaida
|
OX
|
0.2
|
CQDH-22-220
|
13.00
|
33.50
|
20.50
|
14.74
|
0.34
|
0.03
|
0.39
|
0.27
|
|
Idaida
|
OX
|
0.2
|
CQDH-22-220
|
76.10
|
77.60
|
1.50
|
1.09
|
0.00
|
0.31
|
0.44
|
0.31
|
|
Idaida
|
MX
|
0.2
|
CQDH-22-220
|
107.60
|
109.10
|
1.50
|
1.09
|
0.10
|
0.38
|
0.63
|
0.44
|
|
Idaida
|
SX
|
0.5
|
CQDH-22-221
|
4.50
|
6.00
|
1.50
|
1.35
|
0.41
|
0.03
|
0.46
|
0.32
|
|
Caballito
|
OX
|
0.2
|
CQDH-22-222
|
0.00
|
17.00
|
17.00
|
16.81
|
1.52
|
0.03
|
1.56
|
1.09
|
|
La Pava
|
OX
|
0.2
|
CQDH-22-223
|
14.20
|
38.85
|
24.65
|
22.02
|
0.33
|
0.17
|
0.57
|
0.40
|
|
Idaida
|
OX
|
0.2
|
CQDH-22-223
|
38.85
|
52.35
|
13.50
|
12.10
|
0.31
|
1.17
|
1.98
|
1.39
|
|
Idaida
|
SX
|
0.5
|
CQDH-22-223
|
61.50
|
78.10
|
16.60
|
14.88
|
0.24
|
1.06
|
1.76
|
1.23
|
|
Idaida
|
SX
|
0.5
|
CQDH-22-223
|
90.40
|
195.55
|
105.15
|
93.80
|
0.20
|
0.98
|
1.59
|
1.12
|
1.5m @ 0.54g/t Au &
8.33% Cu from 72.1m
|
Idaida
|
SX
|
0.5
|
CQDH-22-223
|
260.35
|
261.85
|
1.50
|
1.34
|
0.03
|
0.42
|
0.63
|
0.44
|
|
Idaida
|
SX
|
0.5
|
CQDH-22-223
|
269.80
|
271.10
|
1.30
|
1.16
|
0.07
|
2.05
|
3.01
|
2.10
|
|
Idaida
|
SX
|
0.5
|
CQDH-22-223
|
323.30
|
324.80
|
1.50
|
1.34
|
0.03
|
0.41
|
0.61
|
0.43
|
|
Idaida
|
SX
|
0.5
|
CQMET-22-193
|
9.00
|
85.60
|
76.60
|
69.09
|
0.40
|
0.05
|
0.47
|
0.33
|
|
Idaida
|
OX
|
0.2
|
CQMET-22-194
|
174.00
|
178.90
|
4.90
|
4.45
|
0.43
|
0.67
|
1.39
|
0.98
|
|
Caballito
|
SX
|
0.5
|
CQMET-22-196
|
7.50
|
48.50
|
41.00
|
40.80
|
0.58
|
0.04
|
0.64
|
0.45
|
|
Caballito
|
OX
|
0.2
|
Criteria:
OX and MX Domains, Cut off grade 0.2g/t AuEq, minimum length 1.5m,
maximum consecutive internal waste 6m.
|
SX Domain, Cut off grade 0.35% Cueq (0.5g/t AuEq),
minimum length 1.5m, maximum consecutive internal waste
6m.
|
Price
Assumptions:
Au = 1800usd oz, Cu = 3.75usd lb
|
Table 2: Cerro Quema Drill Hole Collars
Drillhole
|
Easting
|
Northing
|
Elevation
|
Azimuth
|
Dip
|
Depth
(m)
|
CQDH-22-191
|
553245
|
836150
|
726
|
130.0
|
-60.0
|
255
|
CQDH-22-192
|
554468
|
834565
|
577
|
250.0
|
-60.0
|
309
|
CQMET-22-193
|
554409
|
835085
|
756
|
0.0
|
-90.0
|
180
|
CQMET-22-194
|
554475
|
834611
|
584
|
0.0
|
-90.0
|
190
|
CQDH-22-195
|
554406
|
835089
|
757
|
135.0
|
-65.0
|
247
|
CQMET-22-196
|
554369
|
834631
|
560
|
90.0
|
-60.0
|
229
|
CQDH-22-197
|
554456
|
835139
|
769
|
270.0
|
-70.0
|
260
|
CQDH-22-198
|
554665
|
834986
|
708
|
270.0
|
-60.0
|
169
|
CQDH-22-199
|
554470
|
834566
|
577
|
90.0
|
-70.0
|
148
|
CQDH-22-200
|
554456
|
835264
|
747
|
270.0
|
-60.0
|
373
|
CQDH-22-201
|
553142
|
836053
|
701
|
130.0
|
-60.0
|
253
|
CQDH-22-202
|
554238
|
834464
|
464
|
45.0
|
-60.0
|
199
|
CQDH-22-203
|
553141
|
836053
|
702
|
310.0
|
-70.0
|
281
|
CQDH-22-204
|
550077
|
834816
|
524
|
25.0
|
-65.0
|
139
|
CQDH-22-205
|
550153
|
834918
|
519
|
180.0
|
-70.0
|
201
|
CQDH-22-206
|
554555
|
834748
|
621
|
90.0
|
-65.0
|
169
|
CQDH-22-207
|
554553
|
834747
|
621
|
270.0
|
-65.0
|
191
|
CQDH-22-208
|
553182
|
836107
|
720
|
304.0
|
-75.0
|
181
|
CQDH-22-209
|
549770
|
835164
|
480
|
180.0
|
-60.0
|
247
|
CQDH-22-210
|
554531
|
834826
|
634
|
90.0
|
-60.0
|
148
|
CQDH-22-211
|
550078
|
835081
|
432
|
180.0
|
-65.0
|
64
|
CQDH-22-212
|
553271
|
836053
|
769
|
124.0
|
-70.0
|
358
|
CQDH-22-213
|
554529
|
834826
|
634
|
270.0
|
-65.0
|
195
|
CQDH-22-214
|
550078
|
835080
|
432
|
180.0
|
-60.0
|
235
|
CQDH-22-215
|
554477
|
834884
|
622
|
90.0
|
-60.0
|
160
|
CQDH-22-216
|
549750
|
834809
|
446
|
0.0
|
-60.0
|
195
|
CQDH-22-217
|
554351
|
835052
|
719
|
270.0
|
-50.0
|
150
|
CQDH-22-218
|
554448
|
834881
|
616
|
90.0
|
-70.0
|
211
|
CQDH-22-219
|
549595
|
834943
|
470
|
0.0
|
-70.0
|
75
|
CQDH-22-220
|
554350
|
835052
|
720
|
270.0
|
-65.0
|
198
|
CQDH-22-221
|
554449
|
834881
|
616
|
0.0
|
-90.0
|
255
|
CQDH-22-222
|
549927
|
834898
|
541
|
320.0
|
-80.0
|
187
|
CQDH-22-223
|
554363
|
835117
|
732
|
0.0
|
-90.0
|
359
|
Table 3: Selected Historical La Pava Drill Hole Collars
Drillhole
|
Easting
|
Northing
|
Elevation
|
Azimuth
|
Dip
|
Depth
(m)
|
PDH11006
|
549929
|
834996
|
518
|
0.0
|
-90.0
|
281
|
PDH11013
|
550096
|
834910
|
523
|
0.0
|
-90.0
|
300
|
PDH12028
|
550142
|
834825
|
528
|
0.0
|
-90.0
|
157
|
PDH12033
|
549923
|
835035
|
508
|
0.0
|
-90.0
|
336
|
PDH12040
|
549862
|
834997
|
557
|
0.0
|
-90.0
|
345
|
PDH92009
|
549736
|
834992
|
547
|
244.0
|
-88.0
|
261
|
PDH93014
|
549928
|
834994
|
519
|
0.0
|
-90.0
|
196
|
PDH93014
|
549928
|
834994
|
519
|
0.0
|
-90.0
|
196
|
PDH93017
|
549927
|
835118
|
445
|
180.0
|
-55.0
|
214
|
PRH12250
|
550251
|
834785
|
489
|
0.0
|
-90.0
|
56
|
PDH135316
|
554410
|
835090
|
744
|
0.0
|
-90.0
|
579
|
_____________________________
|
1 Oxide gold
mineralization in hole CQDH-22-204 is part of and confirms strong
oxide gold mineralization in the Pava oxide deposit.
|
2 Drill
results presented are historical in nature and were completed by
Pershimco Resources Inc., the prior owner of the Cerro Quema
Project. See Table 3 in the Appendix to this news release and the
Cerro Quema Technical Report for additional information. Composites
for the sulphide drilling were calculated using 0.35% Cueq (0.5 g/t
AuEq) cut-off grade and maximum 6 metres consecutive
waste.
|
3 Historical
drill intercept previously reported in news release dated August
24, 2017.
|
SOURCE Orla Mining Ltd.