For thousands of other reports visit RSC's Mineral Intellingence Map
Orla Mining Ltd.
Summary
| Project: | Cerro Quema | |
|---|---|---|
| Deposit: | Cerro Quema | |
| Location: | Panama | |
| Commodities: | Gold-Copper | |
| Date: | 11/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-11-2017: Orla Mining Ltd. announces an Exploration/Drilling Update report for its Cerro Quema deposit at the Cerro Quema project. Drilling results incl. 109.2m @ 0.22g/t Au, 0.54% Cu from 22.8m. VANCOUVER, British Columbia, Nov. 16, 2017 -- Orla Mining | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Hans Smit (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Nov. 16, 2017 -- Orla Mining Ltd. (TSX VENTURE:OLA) ("Orla" or the "Company") is pleased to provide an update on results from the ongoing diamond drill program at its wholly owned Cerro Quema project in Panama. Highlights include two Cu-Au intercepts in the Caballito Copper zone 100 metres apart averaging 0.43 g/t Au and 0.64% Cu over 53.0m and 0.13 g/t Au and 0.80% Cu over 50.7m. Additionally, an oxide gold intercept in the Quemita zone returned 1.02 g/t Au over 69.4m that is largely below the current oxide reserves. The orientation and true thickness of the Caballito Copper-Gold Zone is still unknown. Ongoing drilling is planned to help define the geometry and extent of mineralization. The relationship between the lower arsenic material in the Caballito zone and the more typical high-sulphidation style mineralization with higher arsenic found to the north of these holes in Idaida still needs to be determined. (See attached map). Marc Prefontaine, Orla CEO noted, “Orla’s primary goals for our first year of exploration at Cerro Quema were to increase the oxide resource and to test the sulphide potential within the large mineral system covered by the property. We have made good progress on both goals. In addition to continuing to follow up on the successful intercepts described, we plan to drill six holes this year to obtain material for additional metallurgical test work on oxide material as there are some potential improvements over the Pre-feasibility Study estimates that would be positive for project economics.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report