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Orla Mining Ltd.
Summary
| Project: | Camino Rojo | |
|---|---|---|
| Deposit: | Camino Rojo | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 7/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 12-7-2018: Orla Mining Ltd. announces a PEA report for its Camino Rojo deposit at the Camino Rojo project. PEA results incl. post-tax NPV of US $121M (5%), IRR of 24.5%, Initial NI43 mineral resource. The Camino Rojo project, located in Zacatecas State, M | |
| Resources: | (Resource, M+I): 354.9Mt @ 0.845g/t Au, 8.97g/t Au, 0.1% Pb, 0.29% Zn | |
| CP/QP: | [Resources]: Micheal Hester (Independent Mining Consultants Inc.) | |
| ABSTRACT: | The Camino Rojo project, located in Zacatecas State, Mexico, is 100% owned by Orla Mining Limited (Orla). At the request of Orla, this report was prepared by Kappes, Cassiday and Associates (KCA), Independent Mining Consultants, Inc. (IMC), and Resource Geosciences Incorporated (RGI). This PEA is preliminary in nature and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the PEA will be realized. The project considers open pit mining of approximately 42.5 million tonnes of material with an estimated grade of 0.71 g/t gold and 13.6 g/t silver. Material from the pit will be crushed to 80% passing 38mm (100% passing 66mm), conveyor stacked onto a heap leach pad and leached using a low concentration sodium cyanide solution. Pregnant solution from the heap leach will be processed in a Merrill-Crowe recovery plant where gold and silver will be precipitated from deaerated pregnant solution with zinc dust. The resulting precious metal sludge will be filtered and dried in a mercury retort to produce the final doré product. | |
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