VANCOUVER, BC, Aug. 3, 2021 /CNW/ - Orla Mining Ltd.
(TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased
to provide the results from the oriented in-fill core drilling
program on its Camino Rojo sulphide deposit (the "Sulphide Project"
or "Camino Rojo Sulphides"), located in Zacatecas, Mexico. The drill results confirm
the presence of wide, higher-grade gold zones within the sulphide
mineral resource, and the Company intends to further explore the
potential for open pit or underground bulk mining methods. An
updated resource estimate for the sulphide portion of the deposit
will be undertaken which will form the basis of a Preliminary
Economic Assessment (the "PEA").
"We are encouraged with the results from the Camino Rojo
Sulphides drill program. While the geological setting is already
well understood, this new information will be meaningful as we
refine the geological model and move to focus on possible
development approaches," stated Jason
Simpson, President and Chief Executive Officer of Orla
Mining. "We are pleased that this drilling has reinforced the
structural controls predicted by our geologists, and we will likely
require more drilling across the orebody, ideally at this more
optimal drill orientation."
SULPHIDE DRILL HIGHLIGHTS:
The program consisted of close-spaced drilling on three sections
of the sulphide zone focusing on the extension of the Camino Rojo
deposit down plunge of the planned open pit. The objective was to
test the continuity of higher-grade mineralization within the 7.3
million ounces of gold in the sulphide measured and indicated
mineral resource estimate (259 million tonnes at 0.88 g/t Au)[1]
lying directly below the open pit currently being developed on the
oxide mineral reserves. The fourteen holes completed across the
sulphide zone yielded 27 significant mineralized drill
intercepts[2] with a grade-by-thickness factor greater than 50 g/t
by metre Au (g/t*m Au), including the following 10 intercepts with
a grade-by-thickness factor greater than 100 g/t by metre Au:
- Hole CRSX20-01: 2.38 g/t Au over 108.0m (from 445.0m to 553.0m)
- Hole CRSX20-01A: 2.63 g/t Au over 111.0m (from 449.5m to 560.5m)
- Hole CRSX20-01B: 2.51 g/t Au
over 58.5m (from 428.5m to 487.0m)
- Hole CRSX20-01C: 2.11 g/t Au over 115.5m (from 438.0m to 553.5m)
- Hole CRSX20-01D: 3.04 g/t Au over 64.6m (from 515.8m to 580.4m)
- Hole CRSX21-04A: 4.47 g/t Au over 55.5m (from 606.0m to 661.5m)
- Hole CRSX21-04A: 4.95 g/t Au over 55.5m (from 676.5m to 732.0m)
- Hole CRSX21-04B: 2.10 g/t Au
over 58.5m (from 530.0m to 588.5m)
- Hole CRSX21-04B: 2.27 g/t Au
over 87.0m (from 609.5m to 696.5m)
- Hole CRSX21-04C: 3.26 g/t Au over 44.7m (from 740.3m to 785.0m)
Full drill results are available in the Appendix of the press
release and available on Orla's website at: Sulphide Drill
Results.
All assays were performed on 1.5 metre core intervals and all
drill core is HQ in diameter in size. The reported composites were
not subject to "capping", however a preliminary analysis suggests
that only 2 out of 2,441 samples exceeded the potential capping
level of 27.0 g/t - these samples averaged 36.8 g/t gold (max. 42.4
g/t) and Orla believes that applying a top cut would have a
negligible effect on overall grades.
SULPHIDE DRILL PROGRAM:
At the time Orla acquired the Camino Rojo project from Goldcorp
Inc. (now called Newmont Corporation) in 2017, the Company's
technical team believed, based on its geological evaluation of the
existing data, that additional drilling had the potential to
outline and better define continuous zones with grades appreciably
higher than the average sulphide mineralized measured and indicated
mineral resource grade of 0.88 g/t gold. In particular, the
Company noted that the vast majority of the drill holes testing the
Camino Rojo sulphide zone had been drilled south to north. With
many of the key, higher grade sulphide veins being north dipping,
this resulted in drill holes intersecting the mineralized zones at
a highly oblique angle. The Goldcorp drilling had strongly
suggested the presence of higher-grade zones, but the paucity of
appropriately oriented intercepts made it difficult to establish
the geometry of high-grade domains and to estimate tenor of the
better grade mineralization. As a result, the Company concluded
that, to further its evaluation of the potential mining scenarios
for the Camino Rojo Sulphides, additional drill data would be
required to provide confirmation of grade and geometry of the
better grade zones. Orla's 2020-2021 program of southerly directed
drill holes was specifically designed to be a step in that
process.
The 6,079-metre directional core drilling program on the Camino
Rojo sulphide mineral resource began in October 2020 and was completed in April 2021. The main objectives of the program
were to generate additional geological and analytical information
regarding the continuity and geometry of the higher-grade gold
mineralization (>2 g/t Au), obtain geotechnical information
required to evaluate potential underground mining scenarios, and
provide new material for metallurgical studies. The drill program
achieved all objectives, and the information will further support
development scenario planning for the large sulphide mineral
resource.
Within the sulphide zone of the Camino Rojo deposit, a total of
14 drill intercepts, including two partial intercepts through the
target zones, from four parent holes, were obtained on three
sections spaced approximately 250 metres apart (see Figure 1). This
program utilized directional drilling techniques, providing closely
spaced intercepts ranging from 10 metres to 50 metres on average in
the target zone, while avoiding redrilling the upper portions of
the holes located in the barren to low grade hanging wall of the
deposit. All drill holes were oriented to the southeast targeting a
dike fault zone and sulphide vein sets, which dips steeply to the
northwest and has been interpreted as a key control of
mineralization.
The drill holes yielded multiple wide mineralized intercepts
from closely spaced drill holes on each of the widely spaced drill
sections. The mineralization consists of swarms of bedding
concordant and crosscutting sulphide veinlets hosted by sedimentary
rock units (siltstones) of the Caracol Formation.
The most significant results with grade-per-thickness factor
greater than 50 g/t by metre Au (g/t*m Au) are tabulated below and
shown on a vertical longitudinal section (see Figure 2). Full
results are available in the Appendix.
Holeid
|
From_m
|
To_m
|
metres
|
Au
g/t
|
g/t*m
Au
|
Zn%
|
CRSX20-01
|
445.0
|
553.0
|
108.0
|
2.38
|
257
|
0.33
|
CRSX20-01
|
563.5
|
581.5
|
18.0
|
3.10
|
56
|
0.18
|
CRSX20-01A
|
449.5
|
560.5
|
111.0
|
2.63
|
292
|
0.40
|
CRSX20-01A
|
638.5
|
665.5
|
27.0
|
3.15
|
85
|
0.40
|
CRSX20-01B
|
428.5
|
487.0
|
58.5
|
2.51
|
147
|
0.41
|
CRSX20-01B
|
494.5
|
529.0
|
34.5
|
2.48
|
86
|
0.36
|
CRSX20-01C
|
438.0
|
553.5
|
115.5
|
2.11
|
243
|
0.34
|
CRSX20-01D
|
442.0
|
479.1
|
37.1
|
2.48
|
92
|
0.34
|
CRSX20-01D
|
515.8
|
580.4
|
64.6
|
3.04
|
196
|
0.32
|
CRSX20-02
|
711.0
|
730.5
|
19.5
|
3.80
|
74
|
0.58
|
CRSX20-02
|
741.0
|
772.5
|
31.5
|
2.39
|
75
|
0.50
|
CRSX20-02
|
805.5
|
820.2
|
14.7
|
4.39
|
65
|
0.70
|
CRSX20-02A
|
607.0
|
643.0
|
36.0
|
1.58
|
57
|
0.11
|
CRSX20-02A
|
691.0
|
713.5
|
22.5
|
3.89
|
88
|
0.06
|
CRSX21-03
|
481.5
|
512.4
|
30.9
|
1.86
|
57
|
0.34
|
CRSX21-03C
|
491.3
|
538.2
|
46.9
|
1.78
|
84
|
0.25
|
CRSX21-03C
|
681.1
|
727.0
|
45.9
|
1.35
|
62
|
0.24
|
CRSX21-04A
|
606.0
|
661.5
|
55.5
|
4.47
|
248
|
0.27
|
CRSX21-04A
|
676.5
|
732.0
|
55.5
|
4.95
|
275
|
0.40
|
CRSX21-04A
|
741.5
|
757.5
|
16.0
|
5.19
|
83
|
0.35
|
CRSX21-04B
|
530.0
|
588.5
|
58.5
|
2.10
|
123
|
0.14
|
CRSX21-04B
|
609.5
|
696.5
|
87.0
|
2.27
|
197
|
0.24
|
CRSX21-04B
|
713.0
|
741.5
|
28.5
|
1.85
|
53
|
0.35
|
CRSX21-04C
|
529.0
|
557.3
|
28.3
|
2.60
|
73
|
0.13
|
CRSX21-04C
|
607.0
|
638.2
|
31.2
|
2.31
|
72
|
0.21
|
CRSX21-04C
|
677.0
|
732.4
|
55.4
|
1.72
|
95
|
0.23
|
CRSX21-04C
|
740.3
|
785.0
|
44.7
|
3.26
|
145
|
0.21
|
Holes CRSX21-03A and CRSX21-03B
returned significant intercepts but below 50 g/t by metre Au,
including 27.9m at 1.34 g/t Au,
10.5m at 2.47 g/t Au, 25.5m at 1.07 g/t Au in hole CRSX21-03A, and
7.5m at 4.0 g/t Au, 7.5m at 2.94 g/t Au, 25m at 1.42 g/t Au and 16m at 1.26 g/t Au in hole CRSX21-03B. Hole CRSX21-04 was the parent hole and was
not completed to depth needed to hit target and was not sampled,
but daughter holes 04A, 04B, and 04C
were drilled through the zone.
This new drilling was intended to test a refined geological
model and to further assess and confirm the presence of
higher-grade zones. The recent holes drilled more perpendicular to
the structure and across the steeply dipping sulphide vein sets,
appear to confirm the presence of the higher-grade portions of the
deposit.
Additional drill sections are available on Orla's website at:
Sulphide Drill Sections.
CAMINO ROJO SULPHIDE PROJECT:
In parallel with advancement of the Camino Rojo Oxide Gold
Project towards first production by the end of 2021, the Company is
also evaluating multiple development scenarios on the Camino Rojo
Sulphide Project. The development scenarios being considered to
potentially form the basis of a PEA currently include: (1) an
underground mining option or (2) an open pit mining option with
processing at a to-be-constructed sulphide facility at Camino Rojo,
and (3) an open pit mining option with processing at Newmont
Corporation's Peñasquito plant.
Orla's geological team is integrating geological and
geotechnical data from the 2020-2021 drill program, including
downhole televiewer data, into an updated geological model. Mine
Development Associates of Reno,
Nevada will then update the sulphide mineral resource
estimate, using the updated geological model and all drilling data
for the Sulphide Project, including the recent Sulphide Project
drill hole data.
The first batch of samples obtained from the drilling has
arrived at Blue Coast Research Ltd. of Parksville, British Columbia for metallurgical
testing. Investigations will build on the previous metallurgical
work completed on the Sulphide Project and will include process
methods and updated recovery predictions as well as exploring the
potential for ore sorting, which will be completed by
Sherritt & Steinert.
Activities for the Sulphide Project in the second half of the
year will focus on updating the mineral resource estimate,
evaluating economic opportunities, and metallurgical studies. While
Orla remains focused on completion of the Camino Rojo sulphide PEA
by year end, the higher grades indicated in the recent drill
program may necessitate additional drilling and to ensure the
resource appropriately reflects the grade and tonnage of the
higher-grade zones. The timing of the study may therefore be
adjusted.
Drill Results: All reported intercept widths are
down hole intervals. Drilled intercepts are believed to be true
width intercepts across a broad mineralized zone. Drill results are
also available at Sulphide Drill Results.
Qualified Persons Statement
The scientific and technical information related to Camino Rojo
in this news release has been reviewed and approved by Mr.
Sylvain Guerard, P. Geo., who is the
Qualified Person as defined under the definitions of National
Instrument 43-101 ("NI 43-101").
Quality Control Protocols
All gold results were obtained by ALS Minerals (Au-AA23) using
fire assay fusion and an atomic absorption spectroscopy finish. All
samples were also analyzed for sulphur/sulphide using ME-IR08,
carbon and organic carbon using ME-IR06a and multi-elements,
including silver, copper, lead and zinc using an Aqua Regia
(ME-ICP41) method at ALS Laboratories in Canada. Samples with base metal values in
excess of 1% by ICP analysis are re-run with AA46 aqua regia and
atomic absorption analysis. Drill program design, Quality
Assurance/Quality Control and interpretation of results are
performed by qualified persons employing a Quality
Assurance/Quality Control program consistent with NI 43-101 and
industry best practices. Standards, blanks and duplicates are
included approximately one every 25 samples for Quality
Assurance/Quality Control purposes by the Company as well as the
lab. Approximately 5% of sample pulps are sent to a secondary
laboratory for check assays.
About Orla Mining Ltd.
Orla is developing the Camino Rojo Oxide Gold Project, an
advanced gold and silver open-pit and heap leach project, located
in Zacatecas State, Central
Mexico. The project is 100% owned by Orla and covers over
160,000 hectares. The technical report for the 2021 Feasibility
Study entitled "Unconstrained Feasibility Study NI 43-101 Technical
Report on the Camino Rojo Gold Project – Municipality of
Mazapil, Zacatecas, Mexico" dated
January 11, 2021, is available on
SEDAR and EDGAR under the Company's profile at
www.sedar.com and www.sec.gov, respectively. The technical
report is also available on Orla's website at www.orlamining.com.
Orla also owns 100% of the Cerro Quema Project located in
Panama which includes a near-term
gold production scenario and various exploration targets. The Cerro
Quema Project is a proposed open pit mine and gold heap leach
operation and the Company recently announced the highlights
of a Pre-Feasibility Study on the project. An independent
technical report for the Pre-Feasibility Study on the Cerro Quema
Oxide Gold Project prepared in accordance with the requirements of
NI 43-101 will be available under Orla's profile on SEDAR, EDGAR,
and on the Company's website on or before September 11, 2021.
Forward-looking Statements
This news release contains certain "forward-looking
information" and "forward-looking statements" within the meaning of
Canadian securities legislation and within the meaning of
Section 27A of the United States Securities Act of 1933, as
amended, Section 21E of the United States Exchange Act of 1934, as
amended, the United States Private Securities Litigation
Reform Act of 1995, or in releases made by the United States
Securities and Exchange Commission, all as may be amended from time
to time, including, without limitation, statements with
respect to the Company's construction, operation, and exploration
of projects, as well as its objectives and strategies, including
the timing of the updated mineral resource and PEA on the Sulphide
Project, the results of the drill program and future exploration
work at the Sulphide Project. Forward-looking statements are
statements that are not historical facts which address events,
results, outcomes or developments that the Company expects to
occur. Forward-looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the
statements are made and they involve a number of risks and
uncertainties. Certain material assumptions regarding such
forward-looking statements were made, including without limitation,
that there will be no material adverse change affecting the Company
or its properties; that all required approvals will be obtained;
that political and legal developments will be consistent with
current expectations; that currency and exchange rates will be
consistent with current levels; and that there will be no
significant disruptions affecting the Company or its properties.
Consequently, there can be no assurances that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Forward-looking statements involve significant known and unknown
risks and uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not
limited to: risks related to uncertainties inherent in the
preparation of feasibility studies, pre-feasibility studies, and
preliminary economic assessments, including but not limited to,
assumptions underlying the production estimates not being realized,
changes to the cost assumptions, variations in quantity of
mineralized material, grade or recovery rates, changes to
geotechnical or hydrogeological considerations, failure of plant,
equipment or processes, changes to availability of power or the
power rates, ability to maintain social license, changes to
interest or tax rates, changes in project parameters, delays and
costs inherent to consulting and accommodating rights of local
communities, environmental risks, title risks, commodity price and
exchange rate fluctuations, risks relating to COVID-19, delays in
or failure to receive access agreements or amended permits, risks
inherent in the estimation of mineral reserves and mineral
resources; and risks associated with executing the Company's
objectives and strategies, including costs and expenses, as well as
those risk factors discussed in the Company's most recently filed
management's discussion and analysis, as well as its annual
information form dated March 29,
2021, available on www.sedar.com and www.sec.gov. Except as
required by the securities disclosure laws and regulations
applicable to the Company, the Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change.
Cautionary Note to U.S. Readers
We prepare our financial statements, which are incorporated
by reference herein, in United
States dollars and in accordance with International
Financial Reporting Standards ("IFRS") as issued by the
International Accounting Standards Board which differs from US
generally accepted accounting principles ("US GAAP") in certain
material respects, and thus are not directly comparable to
financial statements prepared in accordance with US GAAP.
The disclosure in this release uses mineral
reserve and mineral resource classification terms that comply with
reporting standards in Canada, and
mineral reserve and mineral resource estimates are made in
accordance with Canadian NI 43-101 and the Canadian Institute of
Mining, Metallurgy and Petroleum — CIM Definition Standards on
Mineral Resources and Mineral Reserves, adopted by the CIM Council,
as amended (the "CIM Definition Standards"). These standards differ
significantly from the mineral reserve disclosure requirements of
the United States Securities Exchange Commission (the "SEC") set
forth in Industry Guide 7. Consequently, information regarding
mineralization contained in this release is not comparable to
similar information that would generally be disclosed by U.S.
companies in accordance with the rules of the SEC. In particular,
the SEC's Industry Guide 7 applies different standards in order to
classify mineralization as a reserve. Accordingly, mineral reserve
estimates contained or referenced in this release may not qualify
as "reserves" under SEC standards. In addition, this release uses
the terms "measured mineral resources," "indicated mineral
resources" and "inferred mineral resources" to comply with the
reporting standards in Canada. The
SEC does not currently recognize mineral resources and U.S.
companies are generally not permitted to disclose mineral resources
of any category in documents they file with the SEC. Investors are
specifically cautioned not to assume that any part or all of the
mineral deposits in these categories will ever be converted into
mineral reserves as defined in NI 43-101 or Industry Guide 7.
Further, "inferred mineral resources" have a great amount of
uncertainty as to their existence and as to whether they can be
mined legally or economically. Therefore, investors are also
cautioned not to assume that all or any part of an inferred
resource could ever be mined economically. It cannot be assumed
that all or any part of "measured mineral resources," "indicated
mineral resources," or "inferred mineral resources" will ever be
upgraded to a higher category. Investors are cautioned not to
assume that any part of the reported "measured mineral resources,"
"indicated mineral resources," or "inferred mineral resources" in
this release is economically or legally mineable. The SEC has
adopted amendments to its disclosure rules to modernize the mineral
property disclosure requirements for issuers whose securities are
registered with the SEC under the Securities Exchange Act of 1934
("Exchange Act"). These amendments became effective February 25, 2019 (the "SEC Modernization Rules")
but as a foreign private issuer that files its annual report on
Form 40-F with the SEC pursuant to the multi-jurisdictional
disclosure system, the Company is not required to provide
disclosure on its mineral properties under the SEC Modernization
Rules and will continue to provide disclosure under NI 43-101.
Investors are specifically cautioned that there are also
significant differences in the definitions under the SEC
Modernization Rules and the CIM Definition Standards. Accordingly,
there is no assurance any mineral reserves or mineral resources
that the Company may report as "proven mineral reserves", "probable
mineral reserves", "measured mineral resources", "indicated mineral
resources" and "inferred mineral resources" or other measures under
NI 43-101 would be the same had the Company prepared the reserve or
resource estimates under the standards adopted under the SEC
Modernization Rules. For the above reasons, information contained
in this presentation containing descriptions of our mineral reserve
and mineral resource estimates is not comparable to similar
information made public by U.S. companies subject to reporting and
disclosure requirements of the SEC under either Industry Guide 7 or
SEC Modernization Rules.
Appendix: Camino Rojo Sulphide Drill
Results3
Holeid
|
Inc
|
From_m
|
To_m
|
meters
|
Au
g/t
|
g/t *m
Au
|
Zn%
|
e_nad27
|
n_nad27
|
elev_mts
|
azimuth
|
dip
|
metres
|
CRSX20-01
|
|
445.0
|
553.0
|
108.0
|
2.38
|
257
|
0.33
|
243704
|
2676087
|
1952
|
138.3
|
-65.6
|
761.5
|
CRSX20-01
|
Incl.
|
500.5
|
502.0
|
1.5
|
12.50
|
19
|
0.92
|
|
|
|
|
|
|
CRSX20-01
|
|
563.5
|
581.5
|
18.0
|
3.10
|
56
|
0.18
|
|
|
|
|
|
|
CRSX20-01
|
Incl.
|
566.5
|
568.0
|
1.5
|
13.30
|
20
|
0.22
|
|
|
|
|
|
|
CRSX20-01
|
|
601.0
|
610.0
|
9.0
|
3.42
|
31
|
0.18
|
|
|
|
|
|
|
CRSX20-01
|
|
628.0
|
643.0
|
15.0
|
1.51
|
23
|
0.19
|
|
|
|
|
|
|
CRSX20-01
|
|
661.1
|
694.0
|
33.0
|
1.21
|
40
|
0.27
|
|
|
|
|
|
|
CRSX20-01A
|
|
449.5
|
560.5
|
111.0
|
2.63
|
292
|
0.40
|
243704
|
2676087
|
1952
|
134.7
|
-64.8
|
349.5
|
CRSX20-01A
|
Incl.
|
478.0
|
479.5
|
1.5
|
11.10
|
17
|
0.27
|
|
|
|
|
|
|
CRSX20-01A
|
Incl.
|
481.0
|
482.5
|
1.5
|
12.80
|
19
|
5.94
|
|
|
|
|
|
|
CRSX20-01A
|
Incl.
|
502.0
|
503.5
|
1.5
|
10.75
|
16
|
1.89
|
|
|
|
|
|
|
CRSX20-01A
|
Incl.
|
559.0
|
560.5
|
1.5
|
15.80
|
24
|
0.29
|
|
|
|
|
|
|
CRSX20-01A
|
|
570.8
|
586.0
|
15.2
|
1.27
|
19
|
0.27
|
|
|
|
|
|
|
CRSX20-01A
|
|
604.0
|
619.0
|
15.0
|
1.95
|
29
|
0.16
|
|
|
|
|
|
|
CRSX20-01A
|
|
638.5
|
665.5
|
27.0
|
3.15
|
85
|
0.40
|
|
|
|
|
|
|
CRSX20-01A
|
Incl.
|
650.7
|
653.5
|
2.8
|
12.48
|
35
|
0.54
|
|
|
|
|
|
|
CRSX20-01A
|
Incl.
|
662.5
|
664.0
|
1.5
|
10.00
|
15
|
0.12
|
|
|
|
|
|
|
CRSX20-01A
|
|
674.5
|
682.0
|
7.5
|
2.56
|
19
|
0.42
|
|
|
|
|
|
|
CRSX20-01B
|
|
428.5
|
487.0
|
58.5
|
2.51
|
147
|
0.41
|
243704
|
2676087
|
1952
|
110.5
|
-61.6
|
336.0
|
CRSX20-01B
|
|
494.5
|
529.0
|
34.5
|
2.48
|
86
|
0.36
|
|
|
|
|
|
|
CRSX20-01B
|
|
539.5
|
545.5
|
6.0
|
2.45
|
15
|
0.15
|
|
|
|
|
|
|
CRSX20-01B
|
|
556.0
|
571.0
|
15.0
|
2.26
|
34
|
0.52
|
|
|
|
|
|
|
CRSX20-01B
|
|
583.0
|
592.0
|
9.0
|
2.08
|
19
|
0.45
|
|
|
|
|
|
|
CRSX20-01B
|
|
620.5
|
631.0
|
10.5
|
3.50
|
37
|
0.07
|
|
|
|
|
|
|
CRSX20-01B
|
Incl.
|
628.0
|
629.5
|
1.5
|
10.10
|
15
|
0.11
|
|
|
|
|
|
|
CRSX20-01B
|
|
650.5
|
677.5
|
27.0
|
1.10
|
30
|
0.26
|
|
|
|
|
|
|
CRSX20-01C
|
|
412.7
|
430.5
|
17.8
|
1.33
|
24
|
0.42
|
243704
|
2676087
|
1952
|
133.1
|
-64.2
|
421.8
|
CRSX20-01C
|
|
438.0
|
553.5
|
115.5
|
2.11
|
243
|
0.34
|
|
|
|
|
|
|
CRSX20-01C
|
Incl.
|
480.0
|
481.5
|
1.5
|
14.20
|
21
|
2.31
|
|
|
|
|
|
|
CRSX20-01C
|
Incl.
|
490.5
|
492.0
|
1.5
|
11.90
|
18
|
0.52
|
|
|
|
|
|
|
CRSX20-01C
|
Incl.
|
547.5
|
549.0
|
1.5
|
18.75
|
28
|
0.15
|
|
|
|
|
|
|
CRSX20-01C
|
|
562.5
|
571.5
|
9.0
|
1.57
|
14
|
0.11
|
|
|
|
|
|
|
CRSX20-01C
|
|
592.0
|
605.5
|
13.5
|
2.24
|
30
|
0.06
|
|
|
|
|
|
|
CRSX20-01C
|
|
631.0
|
635.5
|
4.5
|
4.45
|
20
|
0.19
|
|
|
|
|
|
|
CRSX20-01C
|
|
643.0
|
659.5
|
16.5
|
1.29
|
21
|
0.40
|
|
|
|
|
|
|
CRSX20-01D
|
|
425.5
|
433.0
|
7.5
|
3.56
|
27
|
0.82
|
243704
|
2676087
|
1952
|
152.8
|
-67.1
|
470.5
|
CRSX20-01D
|
|
442.0
|
479.1
|
37.1
|
2.48
|
92
|
0.34
|
|
|
|
|
|
|
CRSX20-01D
|
Incl.
|
477.7
|
479.1
|
1.4
|
20.30
|
28
|
0.87
|
|
|
|
|
|
|
CRSX20-01D
|
|
496.4
|
501.0
|
4.6
|
6.15
|
28
|
1.31
|
|
|
|
|
|
|
CRSX20-01D
|
Incl.
|
499.5
|
501.0
|
1.5
|
16.30
|
24
|
3.70
|
|
|
|
|
|
|
CRSX20-01D
|
|
515.8
|
580.4
|
64.6
|
3.04
|
196
|
0.32
|
|
|
|
|
|
|
CRSX20-01D
|
Incl.
|
547.0
|
550.0
|
3.0
|
22.20
|
67
|
1.75
|
|
|
|
|
|
|
CRSX20-01D
|
Incl.
|
578.5
|
580.4
|
1.9
|
12.20
|
23
|
0.50
|
|
|
|
|
|
|
CRSX20-01D
|
|
586.5
|
594.0
|
7.5
|
4.78
|
36
|
0.40
|
|
|
|
|
|
|
CRSX20-01D
|
Incl.
|
586.5
|
588.0
|
1.5
|
10.60
|
16
|
1.12
|
|
|
|
|
|
|
CRSX20-01D
|
|
601.5
|
618.0
|
16.5
|
1.84
|
30
|
0.09
|
|
|
|
|
|
|
CRSX20-01D
|
|
633.6
|
646.6
|
13.0
|
1.81
|
24
|
0.25
|
|
|
|
|
|
|
CRSX20-02
|
|
604.5
|
613.5
|
9.0
|
1.13
|
10
|
0.04
|
243310
|
2676109
|
1957
|
137.1
|
-47.4
|
848.7
|
CRSX20-02
|
|
624.0
|
646.5
|
22.5
|
1.10
|
25
|
0.08
|
|
|
|
|
|
|
CRSX20-02
|
|
654.0
|
667.5
|
13.5
|
1.93
|
26
|
0.18
|
|
|
|
|
|
|
CRSX20-02
|
|
685.5
|
702.0
|
16.5
|
2.32
|
38
|
0.12
|
|
|
|
|
|
|
CRSX20-02
|
|
711.0
|
730.5
|
19.5
|
3.80
|
74
|
0.58
|
|
|
|
|
|
|
CRSX20-02
|
Incl.
|
723.3
|
725.3
|
2.0
|
16.60
|
33
|
2.66
|
|
|
|
|
|
|
CRSX20-02
|
|
741.0
|
772.5
|
31.5
|
2.39
|
75
|
0.50
|
|
|
|
|
|
|
CRSX20-02
|
|
781.5
|
796.5
|
15.0
|
1.45
|
22
|
0.34
|
|
|
|
|
|
|
CRSX20-02
|
|
805.5
|
820.2
|
14.7
|
4.39
|
65
|
0.70
|
|
|
|
|
|
|
CRSX20-02
|
Incl.
|
813.0
|
814.5
|
1.5
|
20.70
|
31
|
2.63
|
|
|
|
|
|
|
CRSX20-02
|
|
826.5
|
832.5
|
6.0
|
4.45
|
27
|
0.45
|
|
|
|
|
|
|
CRSX20-02A
|
|
607.0
|
643.0
|
36.0
|
1.58
|
57
|
0.11
|
243310
|
2676109
|
1957
|
145.2
|
-53.9
|
246.8
|
CRSX20-02A
|
|
691.0
|
713.5
|
22.5
|
3.89
|
88
|
0.06
|
|
|
|
|
|
|
CRSX20-02A
|
Incl.
|
691.0
|
692.5
|
1.5
|
13.30
|
20
|
0.10
|
|
|
|
|
|
|
CRSX20-02A
|
Incl.
|
698.5
|
700.0
|
1.5
|
16.05
|
24
|
0.24
|
|
|
|
|
|
|
CRSX20-02A
|
|
722.5
|
730.0
|
7.5
|
2.96
|
22
|
0.61
|
|
|
|
|
|
|
CRSX21-03
|
|
434.5
|
436.0
|
1.5
|
26.30
|
39
|
0.22
|
243896
|
2676281
|
1950
|
168.4
|
-58.0
|
512.4
|
CRSX21-03
|
|
443.5
|
467.5
|
24.0
|
1.94
|
46
|
0.26
|
|
|
|
|
|
|
CRSX21-03
|
|
481.5
|
512.4
|
30.9
|
1.86
|
57
|
0.34
|
|
|
|
|
|
|
CRSX21-03
|
Incl.
|
496.0
|
497.5
|
1.5
|
19.05
|
29
|
1.21
|
|
|
|
|
|
|
CRSX21-03A
|
|
500.5
|
528.4
|
27.9
|
1.34
|
37
|
0.25
|
243896
|
2676281
|
1950
|
168.7
|
-56.5
|
228.2
|
CRSX21-03A
|
|
579.0
|
589.5
|
10.5
|
2.47
|
26
|
0.24
|
|
|
|
|
|
|
CRSX21-03A
|
|
609.0
|
619.5
|
10.5
|
1.48
|
16
|
0.27
|
|
|
|
|
|
|
CRSX21-03A
|
|
633.0
|
640.5
|
7.5
|
1.81
|
14
|
0.35
|
|
|
|
|
|
|
CRSX21-03A
|
|
661.5
|
666.5
|
5.0
|
3.77
|
19
|
0.31
|
|
|
|
|
|
|
CRSX21-03A
|
Incl.
|
665.4
|
666.5
|
1.1
|
11.80
|
14
|
0.15
|
|
|
|
|
|
|
CRSX21-03A
|
|
675.0
|
689.0
|
14.0
|
1.10
|
15
|
0.17
|
|
|
|
|
|
|
CRSX21-03A
|
|
699.5
|
725.0
|
25.5
|
1.07
|
27
|
0.21
|
|
|
|
|
|
|
CRSX21-03B
|
|
495.0
|
502.5
|
7.5
|
4.00
|
30
|
0.40
|
243896
|
2676281
|
1950
|
167.8
|
-62.8
|
239.8
|
CRSX21-03B
|
Incl.
|
501.0
|
502.5
|
1.5
|
16.05
|
24
|
0.39
|
|
|
|
|
|
|
CRSX21-03B
|
|
509.5
|
512.5
|
3.0
|
3.48
|
10
|
0.55
|
|
|
|
|
|
|
CRSX21-03B
|
|
521.5
|
529.0
|
7.5
|
1.87
|
14
|
0.17
|
|
|
|
|
|
|
CRSX21-03B
|
|
614.5
|
620.5
|
6.0
|
2.39
|
14
|
1.00
|
|
|
|
|
|
|
CRSX21-03B
|
|
638.5
|
646.0
|
7.5
|
2.94
|
22
|
0.32
|
|
|
|
|
|
|
CRSX21-03B
|
Incl.
|
644.5
|
646.0
|
1.5
|
12.45
|
19
|
0.34
|
|
|
|
|
|
|
CRSX21-03B
|
|
680.5
|
705.5
|
25.0
|
1.42
|
35
|
0.29
|
|
|
|
|
|
|
CRSX21-03B
|
|
711.5
|
727.5
|
16.0
|
1.26
|
20
|
0.51
|
|
|
|
|
|
|
CRSX21-03C
|
|
491.3
|
538.2
|
46.9
|
1.78
|
84
|
0.25
|
243896
|
2676281
|
1950
|
169.2
|
-60.5
|
283.3
|
CRSX21-03C
|
|
562.0
|
563.5
|
1.5
|
6.69
|
10
|
0.12
|
|
|
|
|
|
|
CRSX21-03C
|
|
681.1
|
727.0
|
45.9
|
1.35
|
62
|
0.24
|
|
|
|
|
|
|
CRSX21-04A
|
|
548.2
|
562.5
|
14.3
|
2.66
|
38
|
0.07
|
243504
|
2676088
|
1955
|
171.0
|
-57.9
|
303.0
|
CRSX21-04A
|
|
571.5
|
573.0
|
1.5
|
6.91
|
10
|
0.08
|
|
|
|
|
|
|
CRSX21-04A
|
|
606.0
|
661.5
|
55.5
|
4.47
|
248
|
0.27
|
|
|
|
|
|
|
CRSX21-04A
|
Incl.
|
617.0
|
618.3
|
1.3
|
12.75
|
17
|
0.05
|
|
|
|
|
|
|
CRSX21-04A
|
Incl.
|
630.0
|
631.5
|
1.5
|
15.00
|
23
|
0.17
|
|
|
|
|
|
|
CRSX21-04A
|
Incl.
|
652.5
|
655.5
|
3.0
|
20.63
|
62
|
0.46
|
|
|
|
|
|
|
CRSX21-04A
|
|
676.5
|
732.0
|
55.5
|
4.95
|
275
|
0.40
|
|
|
|
|
|
|
CRSX21-04A
|
Incl.
|
714.0
|
715.5
|
1.5
|
42.40
|
64
|
0.92
|
|
|
|
|
|
|
CRSX21-04A
|
Incl.
|
727.5
|
730.5
|
3.0
|
24.08
|
72
|
0.97
|
|
|
|
|
|
|
CRSX21-04A
|
|
741.5
|
757.5
|
16.0
|
5.19
|
83
|
0.35
|
|
|
|
|
|
|
CRSX21-04A
|
Incl.
|
745.4
|
747.0
|
1.6
|
14.90
|
24
|
0.22
|
|
|
|
|
|
|
CRSX21-04A
|
Incl.
|
754.5
|
756.2
|
1.7
|
17.45
|
30
|
0.15
|
|
|
|
|
|
|
CRSX21-04A
|
|
775.5
|
777.0
|
1.5
|
6.75
|
10
|
0.05
|
|
|
|
|
|
|
CRSX21-04B
|
|
530.0
|
588.5
|
58.5
|
2.10
|
123
|
0.14
|
243504
|
2676088
|
1955
|
156.7
|
-62.8
|
295.0
|
CRSX21-04B
|
Incl.
|
534.5
|
536.0
|
1.5
|
16.45
|
25
|
0.12
|
|
|
|
|
|
|
CRSX21-04B
|
Incl.
|
554.0
|
555.5
|
1.5
|
11.75
|
18
|
0.41
|
|
|
|
|
|
|
CRSX21-04B
|
|
609.5
|
696.5
|
87.0
|
2.27
|
197
|
0.24
|
|
|
|
|
|
|
CRSX21-04B
|
Incl.
|
624.4
|
625.4
|
1.0
|
10.10
|
10
|
0.04
|
|
|
|
|
|
|
CRSX21-04B
|
Incl.
|
692.0
|
693.5
|
1.5
|
10.10
|
15
|
0.17
|
|
|
|
|
|
|
CRSX21-04B
|
|
713.0
|
741.5
|
28.5
|
1.85
|
53
|
0.35
|
|
|
|
|
|
|
CRSX21-04B
|
|
749.0
|
766.5
|
17.5
|
1.92
|
34
|
0.61
|
|
|
|
|
|
|
CRSX21-04B
|
|
780.0
|
796.5
|
16.5
|
2.50
|
41
|
0.17
|
|
|
|
|
|
|
CRSX21-04B
|
Incl.
|
793.5
|
795.0
|
1.5
|
11.00
|
17
|
0.01
|
|
|
|
|
|
|
CRSX21-04C
|
|
529.0
|
557.3
|
28.3
|
2.60
|
73
|
0.13
|
243504
|
2676088
|
1955
|
160.5
|
-60.0
|
282.0
|
CRSX21-04C
|
Incl.
|
532.0
|
533.5
|
1.5
|
13.00
|
20
|
0.38
|
|
|
|
|
|
|
CRSX21-04C
|
|
563.5
|
590.5
|
27.0
|
1.75
|
47
|
0.22
|
|
|
|
|
|
|
CRSX21-04C
|
|
607.0
|
638.2
|
31.2
|
2.31
|
72
|
0.21
|
|
|
|
|
|
|
CRSX21-04C
|
|
647.0
|
669.5
|
22.5
|
1.98
|
45
|
0.23
|
|
|
|
|
|
|
CRSX21-04C
|
Incl.
|
649.7
|
651.0
|
1.3
|
10.85
|
14
|
0.81
|
|
|
|
|
|
|
CRSX21-04C
|
|
677.0
|
732.4
|
55.4
|
1.72
|
95
|
0.23
|
|
|
|
|
|
|
CRSX21-04C
|
|
740.3
|
785.0
|
44.7
|
3.26
|
145
|
0.21
|
|
|
|
|
|
|
CRSX21-04C
|
Incl.
|
747.5
|
749.0
|
1.5
|
12.40
|
19
|
0.54
|
|
|
|
|
|
|
CRSX21-04C
|
Incl.
|
776.0
|
777.5
|
1.5
|
13.25
|
20
|
0.04
|
|
|
|
|
|
|
_________________________________________
1 The Camino Rojo Mineral Resource estimate has an
effective date of June 7, 2019 and
was prepared using the CIM Definition Standards. Additional
information can be found in the Camino Rojo Technical Report
entitled "Unconstrained Feasibility Study NI 43-101 Technical
Report on the Camino Rojo Gold Project – Municipality of
Mazapil, Zacatecas, Mexico" and
dated January 11, 2021.
2 Those intervals deemed significant and listed in
the Appendix table were defined and calculated using a cut-off
grade of 1 g/t Au, a minimum composite of 10 g/t*m Au, and a
maximum 6 metres of consecutive internal waste (<1 g/t Au).
Individual assay results or composite results of >10g/t Au
(calculated with no internal dilution) are listed in the table.
3 Daughter hole position is given as the collar location
of the parent hole. The reported azimuth and dip of the daughter
holes corresponds to the surveyed azimuth and dip at the target
(the dike fault zone). Reported azimuth and dip of parent
holes is from the initial survey at surface.
SOURCE Orla Mining Ltd.