Orla Mining (TSX:OLA) Provides Update on Camino Rojo Sulphides Drilling Program

Figure 1: Plan View Showing Location of Reported Drill Holes. Source: Orla Mining Ltd.

Orla Mining Ltd. (TSX:OLA) has provided an update on its 2023 exploration activities at the Camino Rojo Sulphides project in Zacatecas State, Mexico.

In 2023, Orla completed a 37,677-metre drill program focused on infilling higher grade portions of the current Camino Rojo Sulphides open pit mineral resource. The primary goals were to improve geological understanding of mineralization controls and test for depth extensions of sulphides below the existing resource, referred to as the Camino Rojo Extension target.

Sylvain Guerard, Orla’s Senior Vice President, Exploration, commented in a press release: “New drill results at Camino Rojo are revealing more about controls on mineralization and hinting at potential for significant expansion below the current Mineral Resource in the Camino Rojo Extension. This data is crucial for our upcoming underground resource estimation, enhancing our understanding of this important part of our growth pipeline.”

Previously on June 22, 2023, Orla released results from 15 of 56 holes from the Sulphides infill program. This news release presents results from an additional 23 drill holes, with assays pending from the remaining 18 holes expected over the coming weeks.

Figure 2: Camino Rojo Long Section Drill Intersection Highlights (CNW Group/Orla Mining Ltd.)

Overall, infill drilling has consistently intersected long downhole intervals exceeding 30 metres grading over 2.0 g/t gold. These results validate previous drilling and support the potential for underground mining. Recent highlights include high-grade intercepts over 0.7 to 3.0 metres exceeding 10 g/t gold, hosted within broader intervals grading over 2.0 g/t gold. These high-grade zones underscore the opportunity for more selective, high-value underground mining.

Looking ahead to 2024 exploration plans, Orla will shift focus to testing the extensive depth potential at Camino Rojo, including the Camino Rojo Extension target below the existing sulphides resource. A 30,000-metre drill program is planned to further investigate this compelling target.

Figure 4: Camino Rojo Cross Section Drill Intersection Highlights for Fence CRSX23-20 (CNW Group/Orla Mining Ltd.)

Orla’s 2023 infill drilling has successfully improved geological knowledge and expanded prospective areas for sulphide mineralization at Camino Rojo. Pending final assays, the Company will evaluate results towards its goal of generating an initial underground mineral resource estimate. With positive results to date, Orla remains committed to unlocking the extensive exploration upside through systematic drilling in 2024 and beyond.

Highlights from the results are as follows:

  • 3.41 g/t Au over 36m, incl. 29.2 g/t Au over 3.0 m,
  • 2.94 g/t Au over 66.5 m, incl. 4.98 g/t Au over 16.5 m,
  • 2.44 g/t Au over 49.5 m, incl. 4.59 g/t Au over 21.0 m, and
  • 2.22 g/t Au over 96.5 m, incl. 3.24 g/t Au over 33.9 m

Camino Rojo Sulphides

Hole CRSX23-17

incl.

2.54 g/t Au over 68.5m

13.1 g/t Au over 1.5 m

Hole CRSX23-19C:

incl.

and incl.

and incl.

2.08 g/t Au over 124.5 m

2.46 g/t Au over 60.0 m, and incl.11.7 g/t Au over 1.5 m

11.7 g/t Au over 3.0 m

3.11 g/t Au over 20.5 m

Hole CRSX23-20B:

2.22 g/t Au over 96.5 m incl. 3.24 g/t Au over 33.9 m incl. 12.8 g/t Au over 1.2 m and incl. 17.5 g/t over 1.6 m

Hole CRSX23-20F:

2.36 g/t Au over 65.4 m, incl. 2.77 g/t Au over 13.5 m, 2.86 g/t Au over 36.5 m and incl. 14.8 g/t Au over 1.5 m

Hole CRSX23-21A:

2.44 g/t Au over 49.5 m, incl. 4.59 g/t Au over 21.0 m, incl. 17.1 g/t Au over 1.5 m and incl. 18.8 g/t Au over 1.5 m

Hole CRSX23-23A:

3.41 g/t Au over 36m, incl. 5.94 g/t Au over 18.0m, and incl. 29.2 g/t Au over 3.0 m

Hole CRSX23-24A:

2.94 g/t Au over 66.5 m, incl. 4.98 g/t Au over 16.5 m incl. 21.7 g/t Au over 1.5 m and incl. 13.9 g/t Au over 1.5 m

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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