Vancouver, BC – December 10, 2024 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an update on exploration at the Camino Rojo Extension, now referred to as “Zone 22”.

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Summary Details:

• Expanded Resource Potential: Drilling has extended mineralization 800 metres beyond the current open-pit resource, with Zone 22 remaining open at depth and along strike.
• Drilling Progress: Over 32,000 metres drilled in 2024, with an additional 3,000 metres planned by year-end.
• High-Grade Intersections: Notable results include 31.5 g/t AuEq over 2.7m and 11.2 g/t AuEq over 4.5m, among others.
• Copper-Gold Discovery: A distinct Cu-Au-Ag mineralization event was identified, with copper grades up to 4.95%.
• Upcoming Resource Estimate: An initial underground resource estimate for the Camino Rojo Sulphides, incorporating historical and 2024 Caracol-hosted intersections as well as a portion of the newly defined Zone 22 mineralization, is expected in early 2025, supporting a Preliminary Economic Assessment.

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Drill Highlights:

• 31.5 g/t AuEq over 2.7m, incl. 143.4 g/t AuEq over 0.6m (Hole CRSX24-36C)
• 11.2 g/t AuEq over 4.5m, incl. 22.4 g/t AuEq over 1.3m (Hole CRSX24-40A)
• 11.1 g/t AuEq over 2.8m, incl. 16.9 g/t AuEq over 1.5m (Hole CRSX24-40A)
• 5.68 g/t AuEq over 4.9m, incl. 27.8 g/t AuEq over 0.5m (Hole CRSX24-31)

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Sylvain Guerard, Orla’s Senior Vice President, Exploration said,

“The existing mineralization in the upper Caracol-host already set a strong foundation for the initial underground sulphide resource.

 

“It is now becoming clear that the future project will be enhanced by the Zone 22 Extension, and we continue to be impressed with the drill results: high-grade, polymetallic, and favourable metallurgy.

 

“Zone 22 remains wide-spaced drilled and open down-plunge, offering significant potential for further infill and step-out drilling to contribute to both resource growth and upgrades.” 

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To View Orla Mining’s historical news, please click here

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Disclosure

At the time of writing the author holds shares in Orla Mining.

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