Orla Mining (TSX: OLA)
Provided an update on its exploration at the South Railroad Project including 2023 activities and 2024 work plans. This news release presents the second update.
The highlight was 51.8m @ 3.24 g/t Au (Sulphide).
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| Orla Mining | TSX : OLA |
| Stage | Development |
| Metals | Gold |
| Market cap | C$1.66 billion @ C$5.26 |
| Location | Zacatecas, Mexico + Nevada |
51.8m @ 3.24 g/t Au (Sulphide)
42.7m @ 3.96 g/t Au, incl. 3.10m @ 21.1g/t (Sulphide)
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Vancouver, BC – April 4, 2024 – Orla Mining Ltd.(TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an update on its exploration at the South Railroad Project (“South Railroad” or the “Project”) including 2023 activities and 2024 work plans. This news release presents the second of two updates and highlights Orla’s regional drilling activities at the Project.
Highlights:
- Confirmation of strong Carlin-Type mineralization at North Bullion sulphide deposit.
- Infill and metallurgical drilling at Jasperoid Wash near-surface oxide deposit.
- Mineralization extensions at North Bullion and Jasperoid Wash deposits.
- Identification of potential deposit extensions and new targets on South Railroad Project.
- Extension of key mineralized trend with planned addition of the Pony Creek property through the acquisition of Contact Gold Corp. (“Contact Gold”).
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–Sylvain Guerard, Orla’s Senior Vice President, Exploration stated;
“Since our acquisition of the South Railroad project in August 2022, we’ve made tremendous progress in our exploration efforts on the South Carlin Trend.
“Recent positive drill results beyond the projected oxide open pits at Pinion and Dark Star deposits reveal significant potential for resource expansion.
“These new drill results, ongoing target definition efforts, and the forthcoming acquisition of the Pony Creek project, scheduled to close in the second quarter, underscore our commitment to exploration and discovery in the region.
“With expanded 2024 program planned, we aim to drill over 22,000 metres, with the goal of unlocking further value from this exceptional project.”
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To read the full news release please click HERE
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Live spot metal prices can be found HERE
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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Disclosure
At the time of writing the author holds shares in Orla Mining.
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