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Orvana Minerals Corp.
Summary
| Project: | El Valle Mine | |
|---|---|---|
| Deposit: | El Valle-Boinas | |
| Location: | Spain | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-11-2017: Orvana Minerals Corp. announces an Exploration/Drilling Update report for its El Valle-Boinas deposit at the El Valle Mine project. Drilling results incl. 4.9m @ 64.27g/t Au, 5.65g/t Ag, 0.23% Cu from 28.1m. TORONTO, ONTARIO, November 27, 2017 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Guadalupe Collar Menéndez (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO, November 27, 2017 -- Orvana Minerals Corp. (TSX:ORV) (the “Company” or “Orvana”) is pleased to announce the results of a twelve month infill drilling campaign during fiscal 2017 at its El Valle and Carlés Mines in northern Spain. The drilling program consisted of 209 diamond drill holes (“DD”) totaling approximately 23,000 meters (“m”) at the El Valle Mine and 45 DD holes totaling approximately 2,700 m at the Carlés Mine. A core objective of the drilling executed during fiscal 2017 was to generate the information required to substantially de-risk the fiscal 2018 mine plan overall, and also to lay the foundation for future in-mine exploration targeting expansion of the mineral resource base. Assay intersections relating to this drilling program are provided in this news release and include the following highlight. Jim Gilbert, Chairman and CEO of Orvana stated: “We are very pleased with the results of the infill drilling activities at the El Valle and Carlés Mines during the past fiscal year. One of our stated objectives in fiscal 2018 is to improve grade control of the ore coming from our Spanish operations by targeting the development of higher-grade oxide areas, which will, in turn, positively impact our overall unitary costs. The successful infill drilling campaign completed in fiscal 2017 means that we are now well-positioned to achieve this objective, and also to increase mineral reserves and resources within the new higher-grade Black Skarn Oxide areas identified by the program. | |
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