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Orla Mining Ltd.
Summary
| Project: | Cerro Quema | |
|---|---|---|
| Deposit: | Cerro Quema | |
| Location: | Panama | |
| Commodities: | Gold-Copper | |
| Date: | 9/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-9-2017: Orla Mining Ltd. announces an Exploration/Drilling Update report for its Cerro Quema deposit at the Cerro Quema project. Drilling results incl. 104.8m 0.38g/t Au, 1.71% Cu. VANCOUVER, BC - (Marketwired – September 13, 2017) - Orla Mining Ltd. ( | |
| Resources: | (Reserve, P+P): 19.7Mt @ 0.77g/t Au | |
| CP/QP: | [Overall Report]: Hans Smit (Internal) | |
| ABSTRACT: | VANCOUVER, BC - (Marketwired – September 13, 2017) - Orla Mining Ltd. (TSX VENTURE: OLA) ("Orla" or the "Company") is pleased to report that recent diamond drill hole CQDH-17-116 at its wholly owned Cerro Quema project in Panama intersected a combined total of 104.8 metres grading 0.38 g/t gold and 1.71% copper in two zones separated by lower grade material. While the current exploration focus at Cerro Quema is on oxide material that could be processed in a proposed heap leach facility, the Company believes there is potential for a copper-gold sulphide deposit within the extensive altered and mineralized zone underlying and peripheral to the current 488,000 ounce Cerro Quema oxide gold reserve (19.7 mT at 0.77 g/t Au - see 2014 N43-101 Technical Report on Orla website). The sulphide potential was highlighted by hole CQDH-17-116 which intersected 49.0m @ 0.50 g/t Au and 1.39% Cu from 41.0 to 90.0 metres and 55.8m @ 0.28 g/t Au and 1.99% Cu from 118.7 to 174.5 metres. The lower interval included a 17.5m section averaging 0.56 g/t Au and 5.26% Cu. Altered and weakly mineralized material separates the two intervals. Lower grade, but locally highly anomalous, material occurs below these intervals, including an 11.5m section @ 0.29 g/t Au and 0.65% Cu from 188.0 to 195.5m. The orientation and true thickness of mineralization is unknown. | |
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