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Orla Mining Ltd.
Summary
| Project: | Cerro Quema | |
|---|---|---|
| Deposit: | Cerro Quema | |
| Location: | Panama | |
| Commodities: | Gold-Copper | |
| Date: | 11/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-11-2017: Orla Mining Ltd. announces an Exploration/Drilling Update report for its Cerro Quema deposit at the Cerro Quema project. Drilling results incl. 158.7m @ 0.62g/t Au, 0.62% Cu from 50.6m. VANCOUVER, British Columbia, Nov. 30, 2017 -- Orla Mining | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Hans Smit (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Nov. 30, 2017 -- Orla Mining Ltd. (TSX VENTURE:OLA) ("Orla" or the "Company") is pleased to provide an update on drilling at its wholly owned Cerro Quema project in Panama, and report continued success at the Caballito copper-gold zone. We highlight in particular diamond drill hole CQDH17-136 which intersected 158.7 metres grading 0.62 g/t Au and 0.62% Cu from 50.6 to 209.3 m depth. Lower grade mineralization below this averaged 0.15 g/t Au and 0.17% Cu over 79.9 meters from 209.3 to 289.2 metres. A separate upper intersection graded 0.37 g/t Au and 2.24% Cu over 6.9 metres from 31.1 to 38.0 metres. In the main 158.7 metre intersection, gold grades are fairly uniform throughout. Copper is more variable, ranging from 0.08 to 3.64%. The best copper intercept was 29.5m @ 1.31% Cu and 0.53 g/t Au from 101.0 to 130.5 metres. As with other holes in the Caballito zone, arsenic is at a much lower ratio to copper than in holes further to the north. CQDH17-136 was drilled at -600 . A second hole, CQDH17-140, was drilled at -900 from the same pad. This hole had a narrow section of similar Cu-Au mineralization that averaged 0.29 g/t Au and 0.47% Cu from 160.4 to 172.3 metres. An upper intersection of 2.4m @ 0.37 g/t Au and 1.13% Cu from 103.0 to 105.4 metres had high associated arsenic and thus may be unrelated to what is considered the Caballito Cu-Au Zone. | |
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