Orla Provides Exploration and Permitting Update at South Railroad Project within the "South Carlin Complex" in Nevada
37.6 m @ 1.15 g/t Au (Ox) and 44.7 m @ 0.77 g/t Au (Ox)
45.7 m at 0.67 g/t Au (Ox), incl. 12.2 m at 1.24 g/t Au (Ox)
13.7 m at 1.82 g/t Au (Ox)
Highlights:
- Significant gold intercepts indicate strong potential to expand oxide gold mineralization beyond the projected open pit boundaries and extend the projected mine life at the
Pinion and Dark Star deposits. Higher grade sulphide gold mineralization is also being encountered. - The ongoing drilling program focuses on defining new oxide mineralization, expanding the resource base by targeting open zones along key structures, and testing multiple targets across the property, including selective sulphide target testing.
- Orla has now integrated the recently acquired
Pony Creek property and the larger, enhanced land package will now be referred to as the "South Carlin Complex ". This area includes theSouth Railroad Project which hosts multiple mineralized zones and exploration targets along a 30- kilometre strike length on the Carlin Trend covering approximately 25,000 hectares. - Significant permitting progress at the
South Railroad Project has been made at the federal and state levels to advance the posting of the Notice of Intent ("NOI") in early 2025.
"Follow-up drilling at the
-
Dark Star Deposit – Extending oxide gold mineralization 75m down dip and 85m along strike
Recent follow-up drilling has extended oxide gold mineralization 75 metres down dip and 85 metres along strike beyond 2023 results (Figure ,3). These recent results are highly encouraging, suggesting the potential to grow the
Dark Star Extension Drilling Results (Drillhole and Assay Results) |
|
DS24-01 incl. |
0.67 g/t Au over 45.7 m (Ox) 1.24 g/t Au over 12.2 m (Ox) |
DS24-03 and and incl. |
0.77 g/t Au over 19.8 m (Ox) 3.65 g/t Au over 16.8 m (Sx) 1.82 g/t Au over 13.7 m (Ox) 2.54 g/t Au over 9.1 m (Ox) |
DS24-04 |
0.38 g/t Au over 16.8 m (Ox) |
DS24-05 |
0.28 g/t Au over 12.2 m (Ox) |
Ox: Oxide, Au by fire assay / Au cyanide leach ≥ 40%. |
Sx: Sulphide, Au by fire assay / Au cyanide leach < 40% |
Pinion Deposit – Expanding oxide gold mineralization 150m along strike
Recent drilling at the Pinion deposit followed-up on positive results from 2023 targeting the southeast extension of gold mineralization (see news release dated
Pinion SE Drilling Results (Drillhole and Assay Results) |
|
PC24-01* incl. and incl. |
1.15 g/t Au over 37.6 m (Ox) 2.10 g/t Au over 9.6 m 0.77 g/t Au over 44.7 m (Ox) 2.17 g/t Au over 7.9 m |
PR24-01 incl. |
0.51 g/t Au over 53.3 m (Ox) 1.25 g/t Au over 4.6 m (Ox) |
PR24-02 and |
0.32 g/t Au over 16.8 m (Ox) 0.31 g/t Au over 39.6 m (Ox) |
Ox: Oxide, Au by fire assay / Au cyanide leach ≥ 40. |
Sx: Sulphide, Au by fire assay / Au cyanide leach < 40% |
*A null grade value was allocated to unsampled intervals resulting from poor or no recovery within the mineralization zone and adjacent to mineralized intervals. |
2024 Exploration Drill Program
The 2024 exploration program at
South Railroad Project Permitting Update
The NOI is expected to be published in early 2025, with the Company targeting a Record of Decision (final permitting decision) by mid-2026. Following this approval, construction on the
At the state level, the Company has received Class I and II Air Operating Permits. Applications have been prepared for the Water Pollution Control Permit and the National Pollutant Discharge Elimination System (NPDES) discharge permit, which will be submitted after the NOI in 2025.
The Engineering, Procurement, and Construction Management (EPCM) contract is set to be awarded later this year. Basic and detailed engineering will proceed in 2025 and 2026 to align with construction following the Record of Decision. Long-lead equipment will be identified, with purchase orders potentially beginning in 2025.
Qualified Persons Statement
The scientific and technical information in this news release with respect to the 2024 drilling programs has been reviewed and approved by Mr.
To verify the information related to the 2024 drilling programs at the
Quality Assurance / Quality Control –2024 Drill Program
Gold results from 2024 drillholes at the
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. Certified reference material (standards), blank, or rig duplicate were inserted approximately every tenth sample for Quality Assurance/Quality Control purposes by the Company.
For additional information on the Company's previously reported drill results, see the Company's press releases dated
About
Orla's corporate strategy is to acquire, develop, and operate mineral properties where the Company's expertise can substantially increase stakeholder value. The Company has two material gold projects: (1)
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
Appendix: Drill Results
Table 1: Dark Star Composite Drill Results
HOLE-ID |
From |
To |
Core Length |
Au |
CN Rec |
Au GXM |
Oxide |
Including |
Including |
|
|
|
|
||||||||||
DS24-01 |
1.52 |
3.05 |
1.5 |
0.17 |
92.5 |
0.26 |
Oxide |
|
|
|
|
DS24-01 |
155.45 |
158.50 |
3.0 |
0.42 |
105.7 |
1.27 |
Oxide |
|
|
|
|
DS24-01 |
184.40 |
185.93 |
1.5 |
0.18 |
96.6 |
0.27 |
Oxide |
|
|
|
|
DS24-01 |
192.02 |
237.74 |
45.7 |
0.67 |
66.2 |
30.69 |
Oxide |
12.19m @ 1.24g/t Au & 81.8% CN Rec |
1.52m @ 2.11g/t Au & 104.6% CN Rec |
|
|
DS24-02 |
9.14 |
13.72 |
4.6 |
0.18 |
73.4 |
0.80 |
Oxide |
|
|
|
|
DS24-02 |
243.84 |
248.41 |
4.6 |
0.44 |
49.6 |
2.01 |
Oxide |
|
|
|
|
DS24-02 |
252.98 |
277.37 |
24.4 |
1.40 |
17.4 |
34.07 |
Sulphide |
19.81m @ 1.56g/t Au & 16.7% CN Rec |
7.62m @ 2.4g/t Au & 11.7% CN Rec |
|
|
DS24-03 |
188.98 |
190.50 |
1.5 |
0.22 |
69.8 |
0.33 |
Oxide |
|
|
|
|
DS24-03 |
201.17 |
220.98 |
19.8 |
0.77 |
67.4 |
15.17 |
Oxide |
7.62m @ 1.57g/t Au & 65.9% CN Rec |
3.05m @ 2.28g/t Au & 66% CN Rec |
|
|
DS24-03 |
220.98 |
242.32 |
21.3 |
0.86 |
14.3 |
18.41 |
Sulphide |
1.52m @ 1.89g/t Au & 30.7% CN Rec |
|
|
|
DS24-03 |
248.41 |
265.18 |
16.8 |
3.65 |
11.6 |
61.22 |
Sulphide |
16.76m @ 3.65g/t Au & 11.6% CN Rec |
15.24m @ 3.91g/t Au & 11% CN Rec |
|
|
DS24-03 |
265.18 |
278.89 |
13.7 |
1.82 |
51.5 |
24.99 |
Oxide |
9.14m @ 2.54g/t Au & 58.5% CN Rec |
9.14m @ 2.54g/t Au & 58.5% CN Rec |
|
|
DS24-04 |
56.39 |
59.44 |
3.0 |
0.34 |
56.7 |
1.04 |
Oxide |
|
|
|
|
DS24-04 |
65.53 |
89.92 |
24.4 |
0.22 |
49.7 |
5.43 |
Oxide |
|
|
|
|
DS24-04 |
108.20 |
111.25 |
3.0 |
0.20 |
71.6 |
0.60 |
Oxide |
|
|
|
|
DS24-04 |
121.92 |
138.68 |
16.8 |
0.38 |
68.8 |
6.39 |
Oxide |
|
|
|
|
DS24-05 |
150.88 |
163.07 |
12.2 |
0.28 |
65.1 |
3.43 |
Oxide |
|
|
|
|
DS24-05 |
187.45 |
188.98 |
1.5 |
0.20 |
59.7 |
0.31 |
Oxide |
|
|
|
|
DS24-06 |
128.02 |
131.06 |
3.0 |
0.29 |
79.5 |
0.87 |
Oxide |
|
|
|
|
DS24-06 |
192.02 |
193.55 |
1.5 |
0.28 |
100.0 |
0.43 |
Oxide |
|
|
|
|
DS24-06 |
210.31 |
213.36 |
3.0 |
0.39 |
62.6 |
1.20 |
Oxide |
|
|
|
|
Criteria: Cut off grade Ox 0.17g/t Au & Sx 0.5g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m |
OX= Oxide, Au/AuCN ≥ 40%, SX= Sulphide, Au/AuCN < 40%. True width of intercepts is uncertain but estimated to range between 40-85% of core length. |
*A null grade value was allocated to unsampled intervals resulting from poor or no recovery within the mineralization zone and adjacent to mineralized intervals. |
Table 2: Pinion Composite Drill Results
HOLE-ID |
From |
To |
Core Length |
Au |
CN Rec |
Au GXM |
Oxide |
Including |
Including |
|
|
||||||||||
PC24-01 |
76.20 |
113.84 |
37.6 |
1.15 |
52.7 |
43.34 |
Oxide |
9.6m @ 2.1g/t Au & 44.7% CN Rec |
3.96m @ 2.77g/t Au & 35.5% CN Rec |
|
PC24-01 |
128.63 |
173.28 |
44.7 |
0.77 |
54.2 |
34.43 |
Oxide |
7.92m @ 2.17g/t Au & 52.3% CN Rec |
3.2m @ 2.89g/t Au & 63.7% CN Rec |
|
PR24-01 |
141.73 |
195.07 |
53.3 |
0.51 |
89.8 |
27.29 |
Oxide |
4.57m @ 1.25g/t Au & 87.9% CN Rec |
|
|
PR24-01 |
202.69 |
205.74 |
3.0 |
0.24 |
95.4 |
0.74 |
Oxide |
|
|
|
PR24-01 |
208.79 |
210.31 |
1.5 |
0.18 |
84.3 |
0.27 |
Oxide |
|
|
|
PR24-02 |
80.77 |
97.54 |
16.8 |
0.32 |
93.6 |
5.40 |
Oxide |
|
|
|
PR24-02 |
121.92 |
161.54 |
39.6 |
0.31 |
91.2 |
12.45 |
Oxide |
1.52m @ 1.25g/t Au & 95% CN Rec |
|
|
PR24-02 |
167.64 |
169.16 |
1.5 |
0.17 |
92.5 |
0.26 |
Oxide |
|
|
|
PR24-02 |
187.45 |
192.02 |
4.6 |
0.38 |
92.8 |
1.75 |
Oxide |
|
|
|
Criteria: Cut off grade Ox 0.17g/t Au & Sx 0.5g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m |
OX= Oxide, Au/AuCN ≥ 40%, SX= Sulphide, Au/AuCN < 40%. True width of intercepts is uncertain but estimated to range between 40-85% of core length. |
*A null grade value was allocated to unsampled intervals resulting from poor or no recovery within the mineralization zone and adjacent to mineralized intervals. |
Table 3: South Railroad Drill Hole Collars
Hole number |
Target |
Hole type |
Grid |
Easting m |
Northing m |
Elevation m |
az_utm |
dip |
Depth (m) |
DS24-01 |
|
RC |
NAD27 / UTM zone 11N |
588210.1 |
4480032.13 |
1998.7 |
240.0 |
-75.0 |
304.8 |
DS24-02 |
|
RC |
NAD27 / UTM zone 11N |
588211.6 |
4480033.58 |
1998.8 |
310.0 |
-70.0 |
335.3 |
DS24-03 |
|
RC |
NAD27 / UTM zone 11N |
588212.3 |
4480031.52 |
1998.7 |
270.0 |
-80.0 |
330.7 |
DS24-04 |
|
RC |
NAD27 / UTM zone 11N |
588065.1 |
4479794.09 |
2002.4 |
270.0 |
-65.0 |
204.2 |
DS24-05 |
|
RC |
NAD27 / UTM zone 11N |
587965.5 |
4479725.91 |
2037.2 |
0.0 |
-90.0 |
213.4 |
DS24-06 |
|
RC |
NAD27 / UTM zone 11N |
587965.5 |
4479725.90 |
2037.2 |
240.0 |
-70.0 |
213.4 |
PC24-01 |
Pinion |
DD |
NAD27 / UTM zone 11N |
585305.2 |
4478684.10 |
2100.3 |
0.0 |
-90.0 |
189.9 |
PR24-01 |
Pinion |
RC |
NAD27 / UTM zone 11N |
585197.0 |
4478681.72 |
2087.4 |
325.0 |
-68.0 |
213.4 |
PR24-02 |
Pinion |
RC |
NAD27 / UTM zone 11N |
585217.5 |
4478738.66 |
2099.9 |
0.0 |
-90.0 |
237.7 |
SOURCE