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Orla Mining Ltd.
Summary
| Project: | Cerro Quema | |
|---|---|---|
| Deposit: | Caballito | |
| Location: | Panama | |
| Commodities: | Gold-Copper | |
| Date: | 3/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-3-2018: Orla Mining Ltd. announces an Exploration/Drilling Update report for its Caballito deposit at the Cerro Quema project. Drilling results incl. 124.5m @ 0.47g/t Au, 1.54% Cu from 75m. VANCOUVER, British Columbia, March 22, 2018 -- Orla Mining Ltd | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Hans Smit (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, March 22, 2018 -- Orla Mining Ltd. (TSX VENTURE:OLA) ("Orla" or the "Company") is pleased to provide an update on exploration work in the Caballito copper-gold zone at its wholly owned Cerro Quema project in Panama. Highlights include diamond drill hole CQDH-18-157 which intersected 124.5 metres grading 0.47 g/t Au and 1.54% Cu from 75.0 to 199.5 m depth. Results from the first three holes drilled in 2018 are reported herein. (A plan map showing the hole locations is attached.) All were drilled within a chargeability anomaly that was outlined in a recently completed Induced Polarization (IP) survey. Holes were drilled to better define the geometry of the mineral system and to continue to test the system for high copper-gold, low arsenic mineralization. In addition to the copper-gold intersection, CQDH-18-157 had an upper intersection of gold that graded 0.73 g/t Au over 30.0 metres from 9.0 to 39.0 m in oxide with an additional 13.5 metres grading 0.59 g/t Au in sulphide. In the wide copper-gold intersection, gold is relatively consistent throughout. Copper is elevated throughout the intercept but is relatively more variable in tenor. There is a higher-grade section from 94.5 to 127.5 metres that averaged 0.49 g/t Au and 2.78% Cu over the 33.0 metres. Hole CQDH-18-156, drilled from a pad 100 metres to the west of CQDH-18-157, intersected 147.6 metres grading 0.21 g/t Au and 0.33% Cu from 46.2 to 193.8 metres. Hole CQDH-18-158 which was drilled a further 100 metres to the west did not intersect significant mineralization. It is in an area of low chargeability and confirms the IP model and that mineralization is associated with higher chargeability. | |
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