6-K
Orla Mining Ltd. (ORLA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM 6-K
Report ofForeign Private Issuer
Pursuantto Rule 13****a-16 or 15d-16
UNDER theSecurities Exchange Act of 1934
For the month of January, 2024
Commission File Number: 001-39766
ORLA MINING LTD.
(Translation of registrant's name into English)
1010-1075West Georgia Street
Vancouver,BC
V6E3C9
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ORLA MINING LTD.. | |
|---|---|
| Date: January 18, 2024 | /s/ Etienne Morin |
| Name: Etienne Morin<br><br> <br>Title: Chief Financial Officer<br><br> <br><br> <br><br><br><br> <br><br><br> <br>**** |
EXHIBIT INDEX
| Exhibit | Description of Exhibit |
|---|---|
| 99.1 | Press Release dated January 18, 2024 |
Exhibit 99.1
| News Release |
|---|
Orla Mining Reports Positive Results of Layback and Oxide Extension Drilling at Camino Rojo Mine
Targeting Additional Near MineOxide Ounces
VANCOUVER, BC, Jan. 18, 2024 /CNW/ - Orla MiningLtd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to provide an update on its near-pit exploration activities at Camino Rojo completed in the second half of 2023.
2023 Exploration Highlights: Camino Rojo Oxides (Mexico)
In 2023, Orla completed 6,500 metres of drilling near the Camino Rojo Oxide Mine in Mexico to define additional oxide mineralization near the open pit. This near-pit exploration included 2,500 metres of drilling to confirm oxide gold mineralization on the Fresnillo plc property (the "Layback Area"), located immediately north of and adjacent to the Camino Rojo Oxide Mine open pit, and 4,000 metres of drilling targeting the extension of oxide gold mineralization hosted by key structures controlling deeper levels of oxide mineralization within and beyond the currently designed oxide open pit (Figure 1). An updated resource is planned for the first half of 2024, incorporating, for the first-time, mineral resources in the Layback Area.
"Our 2023 near-mine exploration validatednear-surface oxide gold in the Layback Area and uncovered oxide expansion potential near the edge of the Camino Rojo Oxide Mine. The positiveresults from our near-mine oxide drilling program highlight the opportunity to replace a portion of the depleted ounces at the mine byincorporating incremental near-mine oxide material. These positive results pave the way for the 2024 near-mine drill program."
Sylvain Guerard, Orla's Senior Vice President, Exploration
The Layback Area drilling confirmed and delineated gold mineralization immediately north of and adjacent to the Camino Rojo Oxide Mine open pit (Figure 2). Results from the Layback Area drill program confirmed historical drill results and the continuity of oxide hosted gold mineralization across the property boundary.
Highlights of the Layback Area drill program:
| Camino Rojo Layback | |
|---|---|
| Hole CRLB23-03 : | 0.85 g/t Au over 76.0 m incl. 1.28 g/t Au over 28.0 m and 1.27 g/t Au over 10.5 m |
| Hole CRLB23-08 : | 0.48 g/t Au over 67.0 m incl. 1.00 g/t Au over 5.8 m |
| Hole CRLB23-01 : | 0.37 g/t Au over 73.5 m incl. 0.65 g/t Au over 21.5 m and 0.59 g/t Au over 10.5 m |
| Hole CRLB23-14 : | 1.09 g/t Au over 21.0 m incl. 1.60 g/t Au over 10.5 m and 0.76 g/t Au over 6.0 m |
| Hole CRLB23-05 :<br><br> <br>And | 1.06 g/t Au over 18.7 m incl. 4.06 g/t Au over 4.0 m<br><br> <br>0.92 g/t Au over 22.5 m incl. 3.08 g/t Au over 3.0 m |
| Cut off grade 0.2g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m. See the Appendix to this news release for full drill results. |
In near-pit oxide extension drilling, Orla's exploration approach was to test along strike and down dip of key structures controlling oxidation to define additional oxide gold mineralization. Results from this program identified significant structurally controlled oxide mineralization up to 50 metres below (e.g., CROX23-08, 67.1m at 1.16 g/t incl. 58.0m at 1.32 g/t Au, Figure 3) and up to 15 m southeast (e.g., CROX23-17, 23.5m at 0.45 g/t Au, Figure 4) of the current ultimate oxide pit boundaries. Notably, the shallow oxide material intersected southeast of the current pit extents is considered to have the highest potential for driving a pit expansion. Follow-up drilling of the oxide mineralization southeast of the pit wall is planned for 2024.
Highlights of the near-pit extension drill programinclude:
| Camino Rojo Oxide Extension | |
|---|---|
| Hole CROX23-08: | 1.16 g/t Au over 67.1 m (Ox/Tx/Sx) incl. 1.32 g/t Au over 58.0 m |
| Hole CROX23-04: | 0.86 g/t Au over 65.1m (Tx/Sx) incl. 1.02 g/t Au over 22.5 m and 1.02 g/t Au over 18.5 m |
| Hole CROX23-16: | 0.63 g/t Au over 63.0 m (Ox/Tx/Sx) incl. 1.71 g/t Au over 7.9 m |
| Hole CROX23-05: | 0.52 g/t Au over 69.7m (Ox/Tx/Sx) incl. 1.46 g/t Au over 8.0 m and 1.33 g/t Au over 3.1 m |
| Hole CROX23-15: | 0.49 g/t Au over 41.0 m (Ox/Tx/Sx) incl. 1.29 g/t Au over 6.4 m |
| Hole CROX23-11: | 0.87 g/t Au over 21.0m (Tx) |
| Hole CROX23-17: | 0.45 g/t Au over 23.5 m (Ox) incl. 3.11 g/t Au over 1.6 m |
| Cut off grade 0.2g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m. See the Appendix to this news release for full drill results. |
Figure 1: Oxide Layback and Extension Drilling –Drill Intersection Highlights (CNW Group/Orla Mining Ltd.)
Figure 2: Layback Drilling – Confirmation of Historical Fresnillo Data (CNW Group/Orla Mining Ltd.)
Figure 3: Oxide Extension Drilling – Hole 5&8 intercepted oxide and transitional mineralization in areas originally defined as sulphide in 2021 FS. (CNW Group/Orla Mining Ltd.)
Figure 4: Oxide Extension Drilling – Hole 17 showing oxide mineralization continues outside current ultimate pit (CNW Group/Orla Mining Ltd.)
Qualified Persons Statement
The scientific and technical information in this news release has been reviewed and approved by Mr. Sylvain Guerard, P Geo., SVP Exploration of the Company, who is the Qualified Person as defined under the definitions of National Instrument 43-101 ("NI 43-101").
To verify the information related to the 2023 drilling program at the Camino Rojo property, Mr. Guerard has visited the property in the past year; discussed logging, sampling, and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations.
Quality Assurance / Quality Control –2023 Drill Program
All gold results at Camino Rojo were obtained by ALS Minerals (Au-AA23) using fire assay fusion and an atomic absorption spectroscopy finish. All samples are also analyzed for multi-elements, including silver, copper, lead and zinc using a four-acid digestion with ICP-AES finish (ME-ICP61) method at ALS Laboratories in Canada. If samples were returned with gold values in excess of 10 ppm or base metal values in excess of 1% by ICP analysis, samples are re-run with gold (Au-GRA21) by fire assay and gravimetric finish or base metal by (OG62) four acid overlimit methods. Drill program design, Quality Assurance/Quality Control and interpretation of results were performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards were inserted at a frequency of one in every 50 samples, and blanks were inserted at a frequency of one in every 50 samples for Quality Assurance/Quality Control purposes by the Company as well as the lab. ALS Laboratories is independent of Orla. There are no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the drilling data at Camino Rojo.
For additional information on the Company's previously reported drill results referenced in this news release, see the Company's news releases dated September 12, 2022 (Orla Mining AdvancesExploration & Growth Pipeline) and January 31, 2023 (Orla Mining Continues to Intersect Wide, Higher-Grade Sulphide Zones andExpose Deeper Potential at Camino Rojo, Mexico).
Historical drill results at Camino Rojo were completed by Goldcorp. Inc. ("Goldcorp"), a prior owner of the project. The Company's independent qualified person, Independent Mining Consultants, Inc. was of the opinion that the drilling and sampling procedures for Camino Rojo drill samples by Goldcorp (and prior to its acquisition by Goldcorp, Canplats Resources Corporation) were reasonable and adequate for the purposes of the Camino Rojo Report, and that the Goldcorp QA/QC program met or exceeded industry standards. See the Camino Rojo Report (as defined below) for additional information.
About Orla Mining Ltd.
Orla is operating the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and heap leach mine, located in Zacatecas State, Mexico. The property is 100% owned by Orla and covers over 160,000 hectares. The technical report for the 2021 Feasibility Study on the Camino Rojo oxide gold project entitled "UnconstrainedFeasibility Study NI 43-101 Technical Report on the Camino Rojo Gold Project – Municipality of Mazapil, Zacatecas, Mexico" dated January 11, 2021 (the "Camino Rojo Report"), is available on SEDAR and EDGAR under the Company's profile at www.sedar.com and www.sec.gov, respectively. Orla also owns 100% of Cerro Quema located in Panama which includes a gold production scenario and various exploration targets. Cerro Quema is a proposed open pit mine and gold heap leach operation. The technical report for the Pre-Feasibility Study on the Cerro Quema oxide gold project entitled "Project Pre-Feasibility Updated NI 43-101 Technical Report on the CerroQuema Project, Province of Los Santos, Panama" dated January 18, 2022, is available on SEDAR and EDGAR under the Company's profile at www.sedar.com and www.sec.gov, respectively. Orla also owns 100% of the South Railroad Project, a feasibility-stage, open pit, heap leach project located on the Carlin trend in Nevada. The technical report for the 2022 Feasibility Study entitled "SouthRailroad Project, Form 43-101F1 Technical Report Feasibility Study, Elko County, Nevada" dated March 23, 2022, is available on SEDAR and EDGAR under the Company's profile at www.sedar.com and www.sec.gov, respectively. The technical reports are available on Orla's website at www.orlamining.com.
Forward-looking Statements
This news release contains certain "forward-lookinginformation" and "forward-looking statements" within the meaning of Canadian securities legislation and within the meaningof 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 regarding: the potential mineralization at Camino Rojobased on the 2023 drill program and the Company's 2024 exploration plans. Forward-looking statements are statements that are not historicalfacts which address events, results, outcomes or developments that the Company expects to occur. Forward-looking statements are basedon the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risksand uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptionsregarding: the future price of gold, silver, and copper; anticipated costs and the Company's ability to fund its programs; the Company'sability to carry on exploration, development, and mining activities; tonnage of ore to be mined and processed; ore grades and recoveries;decommissioning and reclamation estimates; the Company's ability to secure and to meet obligations under property agreements, includingthe layback agreement with Fresnillo plc; that all conditions of the Company's credit facility will be met; the timing and results ofdrilling programs; mineral reserve and mineral resource estimates and the assumptions on which they are based; the discovery of mineralresources and mineral reserves on the Company's mineral properties; that political and legal developments will be consistent with currentexpectations; the timely receipt of required approvals and permits, including those approvals and permits required for successful projectpermitting, construction, and operation of projects; the timing of cash flows; the costs of operating and exploration expenditures; theCompany's ability to operate in a safe, efficient, and effective manner; the Company's ability to obtain financing as and when requiredand on reasonable terms; that the Company's activities will be in accordance with the Company's public statements and stated goals; andthat there will be no material adverse change or disruptions affecting the Company or its properties. Consequently, there can be no assurancesthat such statements will prove to be accurate and actual results and future events could differ materially from those anticipated insuch statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual resultsto differ materially from those anticipated. These risks include, but are not limited to: uncertainty and variations in the estimationof mineral resources and mineral reserves; the Company's dependence on the Camino Rojo oxide mine; risks related to the Company's indebtedness;risks related to exploration, development, and operation activities; risks related to natural disasters, terrorist acts, health crises,and other disruptions and dislocations, including the COVID-19 pandemic; foreign country and political risks, including risks relatingto foreign operations and expropriation or nationalization of mining operations and risks associated with operating in Mexico and Panama;delays in obtaining or failure to obtain governmental permits, or non-compliance with permits; environmental and other regulatory requirements;delays in or failures to enter into a subsequent agreement with Fresnillo plc with respect to accessing certain additional portions ofthe mineral resource at the Camino Rojo project and to obtain the necessary regulatory approvals related thereto; the mineral resourceestimations for the Camino Rojo project being only estimates and relying on certain assumptions; loss of, delays in, or failure to getaccess from surface rights owners; uncertainties related to title to mineral properties; water rights; financing risks and access to additionalcapital; risks related to guidance estimates and uncertainties inherent in the preparation of feasibility and pre-feasibility studies;uncertainty in estimates of production, capital, and operating costs and potential production and cost overruns; the fluctuating priceof gold, silver, and copper; unknown labilities in connection with acquisitions; global financial conditions; uninsured risks; climatechange risks; competition from other companies and individuals; conflicts of interest; risks related to compliance with anti-corruptionlaws; volatility in the market price of the Company's securities; assessments by taxation authorities in multiple jurisdictions; foreigncurrency fluctuations; the Company's limited operating history; litigation risks; the Company's ability to identify, complete, and successfullyintegrate acquisitions; intervention by non-governmental organizations; outside contractor risks; risks related to historical data; theCompany not having paid a dividend; risks related to the Company's foreign subsidiaries; risks related to the Company's accounting policiesand internal controls; the Company's ability to satisfy the requirements of Sarbanes-Oxley Act of 2002; enforcement of civil liabilities;the Company's status as a passive foreign investment company for U.S. federal income tax purposes; information and cyber security; goldindustry concentration; shareholder activism; and risks associated with executing the Company's objectives and strategies; as well asthose risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual informationform dated March 20, 2023, which are available on www.sedarplus.ca and www.sec.gov. Except as required by the securities disclosure lawsand regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management'sbeliefs, estimates or opinions, or other factors, should change.
Cautionary Note to U.S. Readers
This news release has been prepared in accordancewith Canadian standards for the reporting of mineral resource and mineral reserve estimates, which differ from the previous and currentstandards of the United States securities laws. In particular, and without limiting the generality of the foregoing, the terms "mineralreserve", "proven mineral reserve", "probable mineral reserve", "inferred mineral resources,", "indicatedmineral resources," "measured mineral resources" and "mineral resources" used or referenced herein and the documentsincorporated by reference herein, as applicable, are Canadian mineral disclosure terms as defined in accordance with Canadian NationalInstrument 43-101 — Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgyand Petroleum (the "CIM") — CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council,as amended (the "CIM Definition Standards").
For United States reporting purposes, the UnitedStates Securities and Exchange Commission (the "SEC") has adopted amendments to its disclosure rules (the "SEC ModernizationRules") to modernize the mining property disclosure requirements for issuers whose securities are registered with the SEC under theExchange Act, which became effective February 25, 2019. The SEC Modernization Rules more closely align the SEC's disclosure requirementsand policies for mining properties with current industry and global regulatory practices and standards, including NI 43-101, and replacethe historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7. Issuers were requiredto comply with the SEC Modernization Rules in their first fiscal year beginning on or after January 1, 2021. As a foreign private issuerthat is eligible to file reports with the SEC pursuant to the multi-jurisdictional disclosure system, the Corporation is not requiredto provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101and the CIM Definition Standards. Accordingly, mineral reserve and mineral resource information contained or incorporated by referenceherein may not be comparable to similar information disclosed by United States companies subject to the United States federal securitieslaws and the rules and regulations thereunder.
As a result of the adoption of the SEC ModernizationRules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferredmineral resources." In addition, the SEC has amended its definitions of "proven mineral reserves" and "probable mineralreserves" to be "substantially similar" to the corresponding CIM Definition Standards that are required under NI 43-101.While the SEC will now recognize "measured mineral resources", "indicated mineral resources" and "inferred mineralresources", U.S. investors should not assume that all or any part of the mineralization in these categories will be converted intoa higher category of mineral resources or into mineral reserves without further work and analysis. Mineralization described using theseterms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves.Accordingly, U.S. investors are cautioned not to assume that all or any measured mineral resources, indicated mineral resources, or inferredmineral resources that the Company reports are or will be economically or legally mineable without further work and analysis. Further,"inferred mineral resources" have a greater amount of uncertainty and as to whether they can be mined legally or economically.Therefore, U.S. investors are also cautioned not to assume that all or any part of inferred mineral resources will be upgraded to a highercategory without further work and analysis. Under Canadian securities laws, estimates of "inferred mineral resources" may notform the basis of feasibility or pre-feasibility studies, except in rare cases. While the above terms are "substantially similar"to CIM Definitions, there are 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", "probablemineral reserves", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources"under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SECModernization Rules or under the prior standards of SEC Industry Guide 7.
Appendix: Drill Results
Table 1: Camino Rojo Layback Program CompositeDrill Results (Composites 0.2g/t Au cog)
| HOLE-ID | From (m) | To (m) | Core Length**(m)** | Estimated True Width(m) | Au g/t | Ag g/t | Cu ppm | Zn ppm | Au GXM | Including 0.2g/t Au COGOutside Pit | Including 1g/t Au COGOutside Pit | Met Code |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CRLB23-01 | 26.40 | 41.15 | 14.8 | 14.3 | 0.31 | 4.8 | 37.7 | 1464.9 | 4.57 | OX | ||
| CRLB23-01 | 49.00 | 50.50 | 1.5 | 1.5 | 0.24 | 4.1 | 63.0 | 837.0 | 0.35 | OX | ||
| CRLB23-01 | 57.50 | 131.00 | 73.5 | 41.4 | 0.37 | 6.0 | 53.6 | 1277.7 | 27.52 | 57.5 - 99 OX<br><br> 99 - 116.5 TROH<br><br> 116.5 - 123.15 TROL<br><br> 123.15 - 131 TRSX | ||
| CRLB23-01 | 138.50 | 175.00 | 36.5 | 20.4 | 0.51 | 11.1 | 66.6 | 2901.7 | 18.77 | 14m @ 0.9g/t Au | 4.25m @ 2.23g/t Au | TRSX |
| CRLB23-02 | 86.40 | 93.95 | 7.6 | 7.2 | 0.73 | 7.4 | 36.2 | 999.0 | 5.54 | OX | ||
| CRLB23-02 | 106.00 | 125.50 | 19.5 | 2.0 | 0.28 | 6.3 | 43.0 | 1017.8 | 5.52 | 12m @ 0.35g/t Au | OX | |
| CRLB23-03 | 61.00 | 71.50 | 10.5 | 5.9 | 1.29 | 8.8 | 40.3 | 3033.6 | 13.50 | OX | ||
| CRLB23-03 | 79.00 | 155.00 | 76.0 | 43.1 | 0.85 | 20.6 | 76.6 | 4501.4 | 64.74 | 4.5m @ 0.66g/t Au | 1.5m @ 1.25g/t Au | 79 - 104.2 OX<br><br> 104.2 - 120 TROH<br><br> 120 - 131.4 TROL<br><br> 131.4 - 155 TRSX |
| CRLB23-04 | 67.00 | 68.50 | 1.5 | 1.4 | 0.22 | 2.2 | 29.0 | 165.0 | 0.32 | OX | ||
| CRLB23-04 | 79.50 | 84.50 | 5.0 | 0.5 | 0.25 | 5.9 | 34.8 | 1681.0 | 1.24 | 1.5m @ 0.34g/t Au | OX | |
| CRLB23-04 | 90.50 | 92.00 | 1.5 | 0.2 | 0.27 | 1.9 | 55.0 | 555.0 | 0.41 | 1.5m @ 0.27g/t Au | OX | |
| CRLB23-05 | 58.00 | 59.50 | 1.5 | 1.3 | 0.29 | 4.0 | 39.0 | 1410.0 | 0.44 | OX | ||
| CRLB23-05 | 68.00 | 73.50 | 5.5 | 4.9 | 1.59 | 7.8 | 79.5 | 1469.1 | 8.75 | OX | ||
| CRLB23-05 | 84.00 | 87.00 | 3.0 | 2.7 | 0.31 | 5.2 | 48.5 | 988.5 | 0.94 | OX | ||
| CRLB23-05 | 97.00 | 115.70 | 18.7 | 16.6 | 1.06 | 5.9 | 52.4 | 1031.0 | 19.74 | 97 - 105 OX<br><br> 105 - 115.7 SX | ||
| CRLB23-05 | 127.50 | 150.00 | 22.5 | 19.9 | 0.92 | 16.6 | 82.2 | 3114.2 | 20.78 | 127.5 - 145.1 TROL<br><br> 145.1 - 147.3 OX<br><br> 147.3 - 150 TROH | ||
| CRLB23-06 | 39.00 | 42.00 | 3.0 | 2.7 | 0.77 | 1.8 | 22.0 | 595.5 | 2.32 | OX | ||
| CRLB23-06 | 52.50 | 60.00 | 7.5 | 5.4 | 0.29 | 4.6 | 48.4 | 644.8 | 2.15 | OX | ||
| CRLB23-06 | 69.00 | 70.50 | 1.5 | 1.1 | 0.43 | 5.3 | 49.0 | 1065.0 | 0.65 | OX | ||
| CRLB23-06 | 94.50 | 100.00 | 5.5 | 4.9 | 0.22 | 4.4 | 39.5 | 1672.3 | 1.23 | OX | ||
| CRLB23-06 | 129.00 | 134.60 | 5.6 | 4.1 | 0.63 | 4.3 | 48.5 | 824.9 | 3.51 | 129 - 129.65 TROH<br><br> 129.65 - 134.35 TROL<br><br> 134.35 - 134.6 TRSX | ||
| CRLB23-06 | 149.50 | 151.00 | 1.5 | 1.1 | 0.24 | 8.3 | 49.0 | 1385.0 | 0.35 | TRSX | ||
| CRLB23-06 | 166.00 | 167.50 | 1.5 | 1.3 | 0.24 | 5.9 | 36.0 | 1445.0 | 0.35 | 1.5m @ 0.24g/t Au | TRSX | |
| CRLB23-06 | 175.00 | 190.50 | 15.5 | 11.3 | 0.31 | 4.7 | 56.0 | 933.5 | 4.81 | 15.5m @ 0.31g/t Au | TRSX | |
| CRLB23-07 | 41.00 | 48.50 | 7.5 | 5.4 | 0.33 | 3.2 | 32.8 | 780.8 | 2.47 | OX | ||
| CRLB23-07 | 63.50 | 65.00 | 1.5 | 1.1 | 0.22 | 2.1 | 37.0 | 193.0 | 0.33 | OX | ||
| CRLB23-08 | 6.90 | 14.50 | 7.6 | 7.2 | 0.27 | 4.4 | 47.7 | 866.1 | 2.06 | OX | ||
| CRLB23-08 | 22.00 | 31.00 | 9.0 | 8.5 | 0.54 | 4.7 | 34.3 | 1691.3 | 4.86 | OX | ||
| CRLB23-08 | 40.00 | 41.50 | 1.5 | 1.4 | 0.33 | 4.3 | 32.0 | 1430.0 | 0.49 | OX | ||
| CRLB23-08 | 44.50 | 46.00 | 1.5 | 1.4 | 0.33 | 3.2 | 29.0 | 820.0 | 0.50 | OX | ||
| CRLB23-08 | 52.00 | 53.50 | 1.5 | 1.4 | 0.41 | 4.2 | 44.0 | 651.0 | 0.62 | OX | ||
| CRLB23-08 | 62.50 | 64.00 | 1.5 | 0.9 | 0.45 | 4.6 | 40.0 | 1095.0 | 0.67 | OX | ||
| CRLB23-08 | 73.00 | 140.00 | 67.0 | 63.0 | 0.48 | 8.0 | 48.1 | 1376.6 | 32.44 | 73 - 89 OX<br><br> 89 - 93 TROL<br><br> 93 - 104.2 TRSX<br><br> 104.2 - 121.95 TROH<br><br> 121.95 - 128.9 TROL<br><br> 128.9 - 130.4 TROH<br><br> 130.4 - 137.5 OX<br><br> 137.5 - 140 TROL | ||
| CRLB23-09 | 7.50 | 10.50 | 3.0 | 1.7 | 0.27 | 6.3 | 51.5 | 982.5 | 0.81 | OX | ||
| CRLB23-09 | 22.00 | 23.50 | 1.5 | 1.5 | 0.37 | 3.7 | 42.0 | 1545.0 | 0.55 | OX | ||
| CRLB23-09 | 42.00 | 54.00 | 12.0 | 11.6 | 0.37 | 4.5 | 49.4 | 964.1 | 4.46 | OX | ||
| CRLB23-09 | 61.50 | 64.50 | 3.0 | 1.7 | 0.44 | 3.3 | 38.0 | 527.0 | 1.31 | OX | ||
| CRLB23-09 | 75.00 | 93.10 | 18.1 | 10.2 | 0.37 | 5.2 | 37.3 | 1683.1 | 6.70 | 75 - 89.85 OX<br><br> 89.85 - 93.05 TROL<br><br> 93.05 - 93.1 SX | ||
| CRLB23-09 | 112.50 | 114.00 | 1.5 | 0.8 | 0.40 | 1.3 | 53.0 | 424.0 | 0.60 | SX | ||
| CRLB23-09 | 118.50 | 120.00 | 1.5 | 0.8 | 0.38 | 2.4 | 37.0 | 344.0 | 0.57 | SX | ||
| CRLB23-09 | 127.50 | 135.00 | 7.5 | 4.2 | 0.22 | 1.0 | 33.0 | 348.2 | 1.64 | 1.5m @ 0.4g/t Au | SX | |
| CRLB23-09 | 138.00 | 139.00 | 1.0 | 1.0 | 0.30 | 0.9 | 46.0 | 422.0 | 0.30 | 1m @ 0.3g/t Au | SX | |
| CRLB23-10 | 6.00 | 41.00 | 35.0 | 19.7 | 0.22 | 3.8 | 41.4 | 1333.8 | 7.83 | OX | ||
| CRLB23-10 | 50.00 | 91.50 | 41.5 | 23.1 | 0.21 | 3.2 | 41.6 | 1134.7 | 8.62 | 50 - 72.35 OX<br><br> 72.35 - 80 TROH<br><br> 80 - 91.5 TROL | ||
| CRLB23-10 | 110.40 | 121.50 | 11.1 | 6.3 | 0.66 | 16.3 | 78.4 | 2590.9 | 7.27 | 110.4 - 111.3 TROL<br><br> 111.3 - 115.25 TROH<br><br> 115.25 - 121.5 SX | ||
| CRLB23-10 | 133.50 | 145.50 | 12.0 | 6.6 | 0.51 | 3.5 | 39.5 | 845.9 | 6.13 | SX | ||
| CRLB23-10 | 166.50 | 170.00 | 3.5 | 3.4 | 1.70 | 11.6 | 51.0 | 3974.3 | 5.95 | 3.5m @ 1.7g/t Au | 3.5m @ 1.7g/t Au | SX |
| CRLB23-11 | 16.00 | 17.50 | 1.5 | 1.3 | 0.37 | 7.0 | 39.0 | 830.0 | 0.55 | OX | ||
| CRLB23-11 | 44.50 | 55.00 | 10.5 | 9.3 | 0.36 | 3.0 | 41.1 | 719.3 | 3.83 | OX | ||
| CRLB23-11 | 73.00 | 91.00 | 18.0 | 15.9 | 0.22 | 2.5 | 40.2 | 593.4 | 3.99 | 73 - 80.05 OX<br><br> 80.05 - 91 TROL | ||
| CRLB23-11 | 98.50 | 107.50 | 9.0 | 7.9 | 0.38 | 6.3 | 39.8 | 956.7 | 3.40 | 98.5 - 101 TROH<br><br> 101 - 107.5 TROL | ||
| CRLB23-11 | 126.00 | 129.00 | 3.0 | 2.6 | 0.85 | 6.3 | 67.5 | 973.0 | 2.54 | SX | ||
| CRLB23-11 | 145.50 | 147.00 | 1.5 | 1.1 | 0.26 | 0.3 | 40.0 | 264.0 | 0.39 | SX | ||
| CRLB23-11 | 156.00 | 157.50 | 1.5 | 1.3 | 0.47 | 0.3 | 38.0 | 108.0 | 0.70 | SX | ||
| CRLB23-11 | 166.50 | 172.50 | 6.0 | 5.3 | 0.65 | 4.7 | 62.8 | 1220.8 | 3.89 | 1.5m @ 2.03g/t Au | 1.5m @ 2.03g/t Au | SX |
| CRLB23-12 | 13.50 | 15.00 | 1.5 | 0.3 | 0.30 | 4.3 | 67.0 | 875.0 | 0.45 | OX | ||
| CRLB23-13 | 4.50 | 25.50 | 21.0 | 16.8 | 0.32 | 4.0 | 45.9 | 1131.8 | 6.65 | OX | ||
| CRLB23-13 | 42.00 | 43.50 | 1.5 | 1.2 | 0.36 | 2.6 | 51.0 | 368.0 | 0.54 | OX | ||
| CRLB23-13 | 49.00 | 52.70 | 3.7 | 2.9 | 0.35 | 3.8 | 51.0 | 1030.0 | 1.28 | OX | ||
| CRLB23-13 | 64.50 | 74.00 | 9.5 | 7.6 | 0.61 | 5.0 | 47.0 | 804.9 | 5.81 | 64.5 - 69.9 OX<br><br> 69.9 - 74 TRSX | ||
| CRLB23-13 | 89.00 | 125.50 | 36.5 | 28.9 | 0.50 | 4.7 | 56.1 | 1155.8 | 18.20 | 89 - 90 TRSX<br><br> 90 - 100.8 TROL<br><br> 100.8 - 113.5 TRSX<br><br> 113.5 - 125.5 SX | ||
| CRLB23-13 | 136.00 | 137.50 | 1.5 | 1.2 | 0.24 | 5.6 | 43.0 | 655.0 | 0.36 | SX | ||
| CRLB23-13 | 145.00 | 151.00 | 6.0 | 4.7 | 2.16 | 3.1 | 48.0 | 1156.3 | 12.98 | SX | ||
| CRLB23-13 | 160.00 | 161.50 | 1.5 | 1.2 | 0.21 | 9.9 | 85.0 | 1540.0 | 0.31 | SX | ||
| CRLB23-13 | 164.50 | 185.50 | 21.0 | 16.5 | 0.44 | 6.3 | 60.2 | 2391.4 | 9.23 | 12m @ 0.63g/t Au | 1.5m @ 2.18g/t Au<br><br> 1.5m @ 1.34g/t Au | SX |
| CRLB23-14 | 9.00 | 10.50 | 1.5 | 0.1 | 0.28 | 2.4 | 47.0 | 775.0 | 0.42 | OX | ||
| CRLB23-14 | 21.00 | 33.00 | 12.0 | 1.2 | 0.42 | 4.5 | 40.6 | 1343.3 | 5.01 | OX | ||
| CRLB23-14 | 46.50 | 67.50 | 21.0 | 2.1 | 1.09 | 6.5 | 61.8 | 1076.1 | 22.86 | OX | ||
| CRLB23-14 | 96.00 | 103.50 | 7.5 | 7.2 | 0.23 | 1.8 | 42.2 | 389.2 | 1.76 | SX | ||
| CRLB23-15 | 16.50 | 18.00 | 1.5 | 0.1 | 0.30 | 5.6 | 23.0 | 705.0 | 0.45 | OX | ||
| CRLB23-15 | 51.00 | 54.00 | 3.0 | 0.2 | 0.27 | 1.6 | 30.0 | 286.5 | 0.80 | OX | ||
| CRLB23-15 | 82.50 | 84.00 | 1.5 | 0.1 | 0.37 | 4.6 | 51.0 | 671.0 | 0.55 | 1.5m @ 0.36g/t Au | OX | |
| CRLB23-16 | 18.00 | 43.50 | 25.5 | 22.8 | 0.32 | 3.3 | 42.9 | 710.9 | 8.17 | OX | ||
| CRLB23-16 | 58.50 | 60.00 | 1.5 | 1.3 | 0.95 | 4.7 | 39.0 | 1100.0 | 1.43 | OX | ||
| CRLB23-16 | 87.00 | 99.25 | 12.3 | 10.9 | 0.23 | 4.3 | 36.8 | 775.7 | 2.80 | 87 - 88.05 OX<br><br> 88.05 - 99.25 TROL | ||
| CRLB23-16 | 123.00 | 124.50 | 1.5 | 1.3 | 0.35 | 1.0 | 42.0 | 483.0 | 0.52 | SX | ||
| CRLB23-16 | 138.00 | 139.95 | 1.9 | 1.7 | 0.32 | 0.8 | 45.0 | 523.0 | 0.62 | SX | ||
| CRLB23-16 | 160.50 | 178.50 | 18.0 | 15.9 | 0.31 | 22.0 | 52.8 | 1673.9 | 5.61 | 12m @ 0.26g/t Au | SX | |
| CRLB23-17 | 66.50 | 69.50 | 3.0 | 0.3 | 0.29 | 1.3 | 33.0 | 309.5 | 0.87 | 66.5 - 69 OX<br><br> 69 - 69.5 TROL | ||
| CRLB23-18 | 4.50 | 6.00 | 1.5 | 1.4 | 0.70 | 1.3 | 31.0 | 441.0 | 1.05 | OX | ||
| CRLB23-18 | 20.50 | 25.00 | 4.5 | 4.1 | 0.36 | 4.1 | 55.3 | 930.0 | 1.62 | OX | ||
| CRLB23-18 | 37.00 | 41.50 | 4.5 | 4.1 | 0.61 | 6.2 | 52.3 | 2276.7 | 2.74 | OX | ||
| CRLB23-18 | 64.00 | 68.50 | 4.5 | 3.2 | 0.49 | 5.4 | 54.7 | 1022.7 | 2.19 | OX | ||
| CRLB23-18 | 83.50 | 85.00 | 1.5 | 1.4 | 0.20 | 2.6 | 24.0 | 829.0 | 0.30 | OX | ||
| CRLB23-18 | 97.00 | 106.00 | 9.0 | 6.4 | 0.22 | 4.5 | 39.8 | 674.8 | 1.94 | TROL | ||
| CRLB23-18 | 163.50 | 180.00 | 16.5 | 14.8 | 0.27 | 3.0 | 41.5 | 1274.7 | 4.52 | SX | ||
| CRLB23-18 | 189.00 | 200.00 | 11.0 | 10.0 | 0.51 | 12.9 | 88.5 | 2845.2 | 5.63 | SX | ||
| CRLB23-19 | 30.00 | 31.50 | 1.5 | 0.1 | 0.34 | 4.1 | 52.0 | 898.0 | 0.50 | OX | ||
| CRLB23-19 | 39.00 | 42.00 | 3.0 | 0.3 | 0.46 | 7.2 | 75.5 | 1332.5 | 1.38 | OX | ||
| CRLB23-19 | 51.00 | 55.50 | 4.5 | 0.5 | 1.16 | 6.3 | 48.3 | 974.3 | 5.22 | OX | ||
| CRLB23-19 | 82.50 | 84.00 | 1.5 | 0.2 | 0.24 | 4.6 | 33.0 | 414.0 | 0.36 | TROH | ||
| CRLB23-20 | 49.80 | 51.70 | 1.9 | 1.7 | 0.35 | 1.2 | 31.0 | 171.0 | 0.67 | OX | ||
| CRLB23-20 | 57.00 | 60.00 | 3.0 | 2.7 | 0.28 | 5.8 | 53.1 | 794.3 | 0.84 | OX | ||
| CRLB23-20 | 79.50 | 81.00 | 1.5 | 1.3 | 0.25 | 11.7 | 48.0 | 913.0 | 0.37 | TROL | ||
| CRLB23-20 | 97.00 | 98.50 | 1.5 | 1.3 | 1.76 | 28.0 | 111.0 | 2520.0 | 2.63 | TROH | ||
| CRLB23-20 | 149.00 | 152.00 | 3.0 | 2.7 | 0.36 | 2.0 | 39.0 | 1135.0 | 1.08 | 3m @ 0.36g/t Au | TRSX | |
| CRLB23-20 | 158.00 | 160.00 | 2.0 | 1.8 | 0.25 | 5.4 | 56.0 | 662.0 | 0.50 | 2m @ 0.25g/t Au | TRSX | |
| CRLB23-21 | 3.00 | 7.00 | 4.0 | 2.2 | 0.47 | 12.9 | 56.0 | 1066.7 | 1.87 | OX | ||
| CRLB23-21 | 19.00 | 25.00 | 6.0 | 3.4 | 0.23 | 4.5 | 53.3 | 622.3 | 1.39 | OX | ||
| CRLB23-21 | 29.50 | 31.00 | 1.5 | 0.8 | 0.38 | 3.4 | 35.0 | 598.0 | 0.57 | OX | ||
| CRLB23-21 | 44.50 | 56.50 | 12.0 | 6.7 | 0.56 | 5.5 | 44.6 | 872.0 | 6.75 | OX | ||
| CRLB23-21 | 73.10 | 74.50 | 1.4 | 0.8 | 0.42 | 6.6 | 76.0 | 1375.0 | 0.59 | OX | ||
| CRLB23-21 | 94.50 | 96.00 | 1.5 | 0.8 | 0.58 | 7.8 | 41.0 | 742.0 | 0.88 | TROH | ||
| CRLB23-21 | 122.00 | 125.00 | 3.0 | 1.7 | 2.66 | 1.4 | 36.0 | 375.5 | 7.98 | TRSX | ||
| CRLB23-22 | 28.50 | 33.00 | 4.5 | 4.1 | 1.07 | 5.0 | 25.0 | 1163.3 | 4.80 | OX | ||
| CRLB23-22 | 64.50 | 66.00 | 1.5 | 1.4 | 0.47 | 7.6 | 45.0 | 857.0 | 0.70 | TROL | ||
| CRLB23-22 | 164.60 | 165.65 | 1.1 | 0.9 | 0.40 | 11.8 | 20.0 | 710.0 | 0.42 | 1.05m @ 0.4g/t Au | 164.6 - 165.6 TROL<br><br> 165.6 - 165.65 SX | |
| CRLB23-24 | 19.50 | 21.00 | 1.5 | 1.5 | 0.38 | 7.9 | 53.0 | 1210.0 | 0.57 | OX | ||
| CRLB23-24 | 51.00 | 52.50 | 1.5 | 0.8 | 0.25 | 11.6 | 34.0 | 1245.0 | 0.37 | OX | ||
| CRLB23-24 | 60.00 | 61.50 | 1.5 | 0.8 | 0.26 | 20.6 | 54.0 | 1055.0 | 0.39 | TROL | ||
| CRLB23-24 | 72.00 | 73.50 | 1.5 | 0.9 | 0.22 | 1.5 | 37.0 | 211.0 | 0.33 | SX | ||
| CRLB23-24 | 85.50 | 87.00 | 1.5 | 0.9 | 0.20 | 1.9 | 45.0 | 355.0 | 0.30 | SX | ||
| CRLB23-24 | 91.50 | 93.00 | 1.5 | 0.8 | 0.27 | 2.3 | 26.0 | 283.0 | 0.41 | SX | ||
| CRLB23-24 | 103.50 | 105.00 | 1.5 | 0.8 | 0.35 | 2.5 | 55.0 | 699.0 | 0.52 | 1.5m @ 0.34g/t Au | SX | |
| Criteria: Cut off grade 0.2g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m, if Au grade x length > 0.3 the composite will be added | ||||||||||||
| Price Assumptions: Au = 1750usd oz, Ag = 21usd oz, Cu = 3.5usd lb, Zn = 1.2usd lb | ||||||||||||
| FR= Fresh Rock, OX= Oxide, TROL= Transition Oxide Low, TROH= Transition Oxide High, MX= Mixed, TRSX= Transition Sulphide, SX= Sulphide |
Table 2: Camino Rojo Oxide Program Composite DrillResults (Composites 0.2g/t Au cog)
| HOLE-ID | From (m) | To (m) | Core Length**(m)** | Estimated True Width(m) | Au g/t | Ag g/t | Cu ppm | Zn ppm | Au GXM | Including 0.2g/t Au COGOutside Pit | Including 1g/t Au COGOutside Pit | Met Code |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CROX23-03 | 0.00 | 243.00 | 243.0 | 165.3 | 0.72 | 14.6 | 82.3 | 3294.1 | 176.09 | 46m @ 0.75g/t Au | 2m @ 1.72g/t Au<br><br> 6m @ 1.87g/t Au | 0 - 133.3 OX<br><br> 133.3 - 176.8 TROH<br><br> 176.8 - 191 TROL<br><br> 191 - 206.45 OX<br><br> 206.45 - 228 TROH<br><br> 228 - 243 TROL |
| CROX23-04 | 0.00 | 34.50 | 34.5 | 28.3 | 0.36 | 7.1 | 50.1 | 1852.4 | 12.44 | OX | ||
| CROX23-04 | 52.20 | 74.50 | 22.3 | 18.1 | 0.61 | 6.4 | 48.4 | 1523.2 | 13.64 | 52.2 - 71 TROH<br><br> 71 - 74.5 TROL | ||
| CROX23-04 | 96.50 | 126.50 | 30.0 | 24.1 | 0.84 | 8.7 | 57.4 | 1483.7 | 25.21 | 96.5 - 114.65 SX<br><br> 114.65 - 126.5 TROH | ||
| CROX23-04 | 144.00 | 145.50 | 1.5 | 1.2 | 0.22 | 0.9 | 36.0 | 643.0 | 0.34 | SX | ||
| CROX23-04 | 156.00 | 267.00 | 111.0 | 88.4 | 0.91 | 11.4 | 104.9 | 4473.0 | 101.04 | 65.05m @ 0.86g/t Au | 22.5m @ 1.02g/t Au<br><br> 18.5m @ 1.02g/t Au<br><br> 1.5m @ 1.9g/t Au | 156 - 178.3 SX<br><br> 178.3 - 183.35 TROL<br><br> 183.35 - 202.87 SX<br><br> 202.87 - 209 TROL<br><br> 209 - 213 SX<br><br> 213 - 214.8 TROL<br><br> 214.8 - 253.6 SX<br><br> 253.6 - 267 TROL |
| CROX23-05 | 0.00 | 260.00 | 260.0 | 105.3 | 1.07 | 15.0 | 88.4 | 4747.1 | 277.64 | 69.7m @ 0.52g/t Au | 7.95m @ 1.46g/t Au<br><br> 3.09m @ 1.33g/t Au | 0 - 69 OX<br><br> 69 - 76.3 TROH<br><br> 76.3 - 80.35 TROL<br><br> 80.35 - 83.1 TROH<br><br> 83.1 - 86.4 TROL<br><br> 86.4 - 89.72 SX<br><br> 89.72 - 91 OX<br><br> 91 - 119.65 TROH<br><br> 119.65 - 125.4 SX<br><br> 125.4 - 133.5 TROH<br><br> 133.5 - 138 TRSX<br><br> 138 - 161.85 TROH<br><br> 161.85 - 175.3 TROL<br><br> 175.3 - 197 OX<br><br> 197 - 212.05 TRSX<br><br> 212.05 - 257.1 TROL<br><br> 257.1 - 260 SX |
| CROX23-06 | 31.00 | 160.00 | 129.0 | 109.0 | 0.67 | 15.7 | 60.3 | 4215.0 | 86.26 | 24m @ 0.31g/t Au | 1.5m @ 1.16g/t Au | 31 - 104.55 OX<br><br> 104.55 - 111.65 TROL<br><br> 111.65 - 120.75 SX<br><br> 120.75 - 126 TRSX<br><br> 126 - 141 SX<br><br> 141 - 144 TRSX<br><br> 144 - 160 SX |
| CROX23-07 | 0.00 | 240.00 | 240.0 | 171.2 | 1.04 | 20.4 | 109.9 | 5132.4 | 249.24 | 37.5m @ 0.63g/t Au | 10.5m @ 1.07g/t Au | 0 - 80.2 OX<br><br> 80.2 - 103.55 TROH<br><br> 103.55 - 108.85 SX<br><br> 108.85 - 118.4 TROL<br><br> 118.4 - 128.9 SX<br><br> 128.9 - 136.95 TROL<br><br> 136.95 - 171.6 TROH<br><br> 171.6 - 191.5 TROL<br><br> 191.5 - 199.5 OX<br><br> 199.5 - 220.1 TROL<br><br> 220.1 - 225.75 TROH<br><br> 225.75 - 240 TRSX |
| CROX23-08 | 0.00 | 40.50 | 40.5 | 37.0 | 0.64 | 11.8 | 45.5 | 1605.3 | 26.08 | 0 - 33 OX<br><br> 33 - 35.51 SX<br><br> 35.51 - 40.5 TROH | ||
| CROX23-08 | 60.00 | 63.00 | 3.0 | 2.7 | 0.65 | 4.6 | 50.5 | 379.5 | 1.95 | SX | ||
| CROX23-08 | 73.50 | 80.50 | 7.0 | 6.4 | 0.65 | 5.6 | 51.8 | 1362.6 | 4.55 | 73.5 - 75 SX<br><br> 75 - 79.15 TRSX<br><br> 79.15 - 80.5 TROH | ||
| CROX23-08 | 87.70 | 220.00 | 132.3 | 119.7 | 0.84 | 18.5 | 73.4 | 4724.3 | 111.28 | 67.1m @ 1.16g/t Au | 58m @ 1.32g/t Au | 87.7 - 89.9 SX<br><br> 89.9 - 99.2 OX<br><br> 99.2 - 105.45 SX<br><br> 105.45 - 117 OX<br><br> 117 - 129.9 SX<br><br> 129.9 - 135.75 TROH<br><br> 135.75 - 137.8 SX<br><br> 137.8 - 146.1 OX<br><br> 146.1 - 153 SX<br><br> 153 - 156 TROL<br><br> 156 - 157.85 TROH<br><br> 157.85 - 162 OX<br><br> 162 - 162.6 SX<br><br> 162.6 - 165.75 TROH<br><br> 165.75 - 193.8 OX<br><br> 193.8 - 198.05 TROH<br><br> 198.05 - 200.45 TRSX<br><br> 200.45 - 220 SX |
| CROX23-09 | 7.80 | 54.10 | 46.3 | 39.2 | 0.66 | 11.1 | 51.1 | 1765.7 | 30.49 | OX | ||
| CROX23-09 | 66.00 | 83.00 | 17.0 | 14.4 | 1.46 | 6.9 | 33.7 | 806.3 | 24.75 | 66 - 80 OX<br><br> 80 - 83 TRSX | ||
| CROX23-09 | 90.20 | 120.50 | 30.3 | 25.6 | 0.43 | 3.2 | 41.6 | 931.8 | 13.03 | 90.2 - 91.3 TROL<br><br> 91.3 - 103.5 SX<br><br> 103.5 - 103.75 TROL<br><br> 103.75 - 115.4 SX<br><br> 115.4 - 120.3 TRSX<br><br> 120.3 - 120.5 SX | ||
| CROX23-09 | 134.00 | 218.00 | 84.0 | 70.4 | 0.58 | 6.6 | 67.6 | 3248.9 | 48.77 | 76.5m @ 0.63g/t Au | 1.5m @ 1.08g/t Au<br><br> 10.5m @ 1.24g/t Au<br><br> 10.5m @ 1.43g/t Au<br><br> 1.5m @ 1.56g/t Au | SX |
| CROX23-10 | 87.70 | 180.00 | 92.3 | 82.4 | 0.43 | 10.5 | 54.3 | 2210.8 | 39.75 | 27m @ 0.44g/t Au | 1.9m @ 2.32g/t Au | 87.7 - 132.2 OX<br><br> 132.2 - 139.6 TROL<br><br> 139.6 - 170.5 SX<br><br> 170.5 - 174.1 OX<br><br> 174.1 - 177.35 TRSX<br><br> 177.35 - 180 SX |
| CROX23-11 | 76.35 | 166.50 | 90.2 | 67.5 | 1.03 | 17.9 | 74.1 | 3224.8 | 92.41 | 21m @ 0.87g/t Au | 1.5m @ 1.53g/t Au<br><br> 1.5m @ 1.95g/t Au<br><br> 1.5m @ 4.22g/t Au | 76.35 - 131 OX<br><br> 131 - 132.2 TROL<br><br> 132.2 - 166.5 TRSX |
| CROX23-11 | 174.00 | 175.00 | 1.0 | 0.8 | 0.44 | 6.2 | 92.0 | 1040.0 | 0.44 | 1m @ 0.44g/t Au | SX | |
| CROX23-12 | 46.50 | 53.50 | 7.0 | 5.8 | 0.84 | 5.6 | 68.3 | 1991.4 | 5.91 | 7m @ 0.84g/t Au | 1.5m @ 3.55g/t Au | OX |
| CROX23-12 | 62.50 | 64.00 | 1.5 | 1.4 | 0.27 | 5.9 | 38.0 | 2050.0 | 0.40 | 1.5m @ 0.26g/t Au | OX | |
| CROX23-12 | 68.50 | 70.00 | 1.5 | 1.4 | 0.50 | 5.0 | 111.0 | 1095.0 | 0.74 | 1.5m @ 0.5g/t Au | OX | |
| CROX23-12 | 74.50 | 77.50 | 3.0 | 2.7 | 0.24 | 3.4 | 41.5 | 736.5 | 0.71 | 3m @ 0.24g/t Au | OX | |
| CROX23-13 | 69.00 | 70.50 | 1.5 | 1.4 | 0.91 | 4.4 | 31.0 | 765.0 | 1.37 | OX | ||
| CROX23-13 | 118.00 | 119.50 | 1.5 | 1.4 | 0.23 | 13.1 | 38.0 | 390.0 | 0.35 | SX | ||
| CROX23-13 | 160.50 | 161.70 | 1.2 | 1.1 | 0.40 | 16.1 | 59.0 | 694.0 | 0.48 | SX | ||
| CROX23-13 | 171.50 | 174.50 | 3.0 | 2.7 | 1.82 | 2.2 | 36.5 | 897.5 | 5.47 | 3m @ 1.82g/t Au | 3m @ 1.82g/t Au | SX |
| CROX23-13 | 191.00 | 204.50 | 13.5 | 12.3 | 0.26 | 4.9 | 35.6 | 895.8 | 3.46 | 13.5m @ 0.26g/t Au | 191 - 198.5 TRSX<br><br> 198.5 - 204.5 SX | |
| CROX23-13 | 213.50 | 215.00 | 1.5 | 1.4 | 0.20 | 4.4 | 42.0 | 590.0 | 0.30 | 1.5m @ 0.2g/t Au | SX | |
| CROX23-13 | 219.50 | 259.00 | 39.5 | 36.1 | 0.37 | 9.2 | 55.1 | 2573.0 | 14.49 | 39.5m @ 0.37g/t Au | 1.5m @ 3.31g/t Au | SX |
| CROX23-14 | 96.50 | 155.50 | 59.0 | 33.0 | 0.71 | 22.1 | 60.7 | 2278.8 | 41.82 | 24.5m @ 0.45g/t Au | 1.5m @ 1.27g/t Au<br><br> 1.5m @ 1.36g/t Au | 96.5 - 127.85 OX<br><br> 127.85 - 135.5 TRSX<br><br> 135.5 - 145.2 OX<br><br> 145.2 - 155.5 TRSX |
| CROX23-14 | 163.00 | 165.00 | 2.0 | 1.1 | 0.52 | 15.0 | 65.5 | 2225.0 | 1.04 | 2m @ 0.52g/t Au | TRSX | |
| CROX23-15 | 96.15 | 124.50 | 28.4 | 20.3 | 0.34 | 12.2 | 44.7 | 1679.8 | 9.56 | OX | ||
| CROX23-15 | 133.50 | 174.50 | 41.0 | 29.2 | 0.49 | 9.9 | 56.2 | 1642.8 | 20.04 | 41m @ 0.49g/t Au | 6.4m @ 1.29g/t Au<br><br> 1.5m @ 1.08g/t Au<br><br> 1.5m @ 1.36g/t Au | 133.5 - 143.6 SX<br><br> 143.6 - 155.15 OX<br><br> 155.15 - 163.9 TRSX<br><br> 163.9 - 171.55 SX<br><br> 171.55 - 174.5 TRSX |
| CROX23-15 | 182.00 | 201.00 | 19.0 | 13.5 | 0.25 | 5.4 | 48.9 | 1391.9 | 4.82 | 19m @ 0.25g/t Au | 1.1m @ 1.66g/t Au | SX |
| CROX23-15 | 216.00 | 217.50 | 1.5 | 1.1 | 0.48 | 6.3 | 67.0 | 1410.0 | 0.72 | 1.5m @ 0.48g/t Au | SX | |
| CROX23-16 | 108.00 | 178.50 | 70.5 | 38.7 | 0.66 | 14.0 | 62.5 | 1921.2 | 46.85 | 63m @ 0.63g/t Au | 7.85m @ 1.71g/t Au<br><br> 1.5m @ 1.36g/t Au<br><br> 1.5m @ 1.38g/t Au | 108 - 141 OX<br><br> 141 - 144.55 TRSX<br><br> 144.55 - 161.6 SX<br><br> 161.6 - 164.1 TRSX<br><br> 164.1 - 168 SX<br><br> 168 - 178.5 TRSX |
| CROX23-17 | 81.00 | 126.50 | 45.5 | 40.4 | 0.50 | 7.3 | 48.4 | 2163.9 | 22.60 | 23.5m @ 0.45g/t Au | 1.6m @ 3.11g/t Au | OX |
| Criteria: Cut off grade 0.2g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m, if Au grade x length > 0.3 the composite will be added | ||||||||||||
| FR= Fresh Rock, OX= Oxide, TROL= Transition Oxide Low, TROH= Transition Oxide High, MX= Mixed, TRSX= Transition Sulphide, SX= Sulphide |
Table 3: Camino Rojo Layback Drill Hole Collars
| HOLE-ID | Easting | Northing | Elevation | Azimuth | Dip | Depth (m) |
|---|---|---|---|---|---|---|
| CRLB23-01 | 244598.7 | 2676292.5 | 1943.2 | 0.0 | -90.00 | 175.0 |
| CRLB23-02 | 244696.4 | 2676290.9 | 1941.7 | 0.0 | -60.00 | 130.0 |
| CRLB23-03 | 244696.5 | 2676289.5 | 1941.7 | 0.0 | -90.00 | 155.0 |
| CRLB23-04 | 244600.1 | 2676369.0 | 1943.2 | 0.0 | -60.00 | 95.0 |
| CRLB23-05 | 244597.7 | 2676343.3 | 1943.2 | 150.0 | -60.00 | 150.0 |
| CRLB23-06 | 244551.4 | 2676393.8 | 1944.0 | 150.0 | -60.00 | 190.5 |
| CRLB23-07 | 244499.0 | 2676447.1 | 1944.9 | 150.0 | -60.00 | 120.0 |
| CRLB23-08 | 244502.7 | 2676341.1 | 1944.5 | 150.0 | -53.00 | 140.0 |
| CRLB23-09 | 244502.6 | 2676341.4 | 1944.5 | 0.0 | -90.00 | 180.0 |
| CRLB23-10 | 244498.1 | 2676292.5 | 1944.7 | 0.0 | -90.00 | 170.0 |
| CRLB23-11 | 244449.2 | 2676373.9 | 1945.3 | 150.0 | -60.00 | 180.0 |
| CRLB23-12 | 244448.3 | 2676372.6 | 1945.6 | 0.0 | -65.00 | 93.3 |
| CRLB23-13 | 244448.5 | 2676325.5 | 1945.1 | 150.0 | -70.00 | 190.0 |
| CRLB23-14 | 244397.6 | 2676297.5 | 1945.8 | 0.0 | -60.00 | 150.1 |
| CRLB23-15 | 244401.0 | 2676374.0 | 1948.0 | 0.0 | -60.00 | 100.0 |
| CRLB23-16 | 244342.5 | 2676369.2 | 1946.8 | 150.0 | -60.00 | 180.0 |
| CRLB23-17 | 244342.4 | 2676370.2 | 1946.7 | 0.0 | -60.00 | 90.0 |
| CRLB23-18 | 244303.4 | 2676345.6 | 1946.9 | 150.0 | -60.00 | 200.0 |
| CRLB23-19 | 244302.2 | 2676350.7 | 1947.0 | 0.0 | -60.00 | 115.0 |
| CRLB23-20 | 244249.4 | 2676395.7 | 1947.9 | 150.0 | -60.00 | 160.0 |
| CRLB23-21 | 244246.7 | 2676299.2 | 1947.3 | 0.0 | -90.00 | 155.0 |
| CRLB23-22 | 244197.3 | 2676374.9 | 1948.2 | 150.0 | -60.00 | 170.0 |
| CRLB23-23 | 244197.7 | 2676373.9 | 1948.2 | 0.0 | -60.00 | 70.0 |
| CRLB23-24 | 244134.0 | 2676296.8 | 1947.9 | 0.0 | -90.00 | 106.0 |
Table 4: Camino Rojo Oxide Drill Hole Collars
| HOLE-ID | Easting | Northing | Elevation | Azimuth | Dip | Depth (m) |
|---|---|---|---|---|---|---|
| CROX23-03 | 244262.0 | 2676194.0 | 1900.0 | 145.0 | -81.00 | 243.0 |
| CROX23-04 | 244191.0 | 2676204.0 | 1900.0 | 146.0 | -69.00 | 270.0 |
| CROX23-05 | 244324.7 | 2676201.0 | 1900.0 | 145.0 | -84.00 | 260.0 |
| CROX23-06 | 244732.0 | 2676219.0 | 1920.0 | 145.0 | -65.00 | 160.0 |
| CROX23-07 | 244226.0 | 2676107.0 | 1890.0 | 144.0 | -60.00 | 240.0 |
| CROX23-08 | 244155.0 | 2676051.6 | 1890.1 | 151.0 | -56.00 | 220.0 |
| CROX23-09 | 244149.0 | 2676091.0 | 1890.0 | 165.0 | -66.00 | 220.0 |
| CROX23-10 | 244801.0 | 2676258.0 | 1940.0 | 149.0 | -60.00 | 180.0 |
| CROX23-11 | 244801.0 | 2676258.0 | 1940.0 | 149.0 | -76.00 | 175.0 |
| CROX23-12 | 244807.0 | 2676066.0 | 1938.0 | 155.0 | -60.00 | 80.0 |
| CROX23-13 | 244030.4 | 2676046.6 | 1946.3 | 132.0 | -45.00 | 285.0 |
| CROX23-14 | 244851.2 | 2676261.1 | 1938.0 | 0.0 | -90.00 | 165.0 |
| CROX23-15 | 244856.9 | 2676252.9 | 1938.0 | 145.0 | -78.00 | 220.0 |
| CROX23-16 | 244886.0 | 2676251.0 | 1938.2 | 0.0 | -90.00 | 180.0 |
| CROX23-17 | 244847.0 | 2676179.0 | 1939.0 | 145.0 | -60.00 | 140.0 |
SOURCE Orla Mining Ltd.
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%CIK: 0001680056
For further information: Jason Simpson, President & Chief Executive Officer; Andrew Bradbury, Vice President, Investor Relations & Corporate Development, www.orlamining.com,investor@orlamining.com
CO: Orla Mining Ltd.
CNW 06:00e 18-JAN-24