Orla Confirms Strong Carlin-Type Gold Mineralization at North Bullion Deposit and Defines New Drill Targets across the South Railroad Project
51.8m @ 3.24 g/t Au (Sulphide)
42.7m @ 3.96 g/t Au, incl. 3.10m @ 21.1g/t (Sulphide)
- Confirmation of strong Carlin-Type mineralization at North Bullion sulphide deposit.
- Infill and metallurgical drilling at Jasperoid Wash near-surface oxide deposit.
- Mineralization extensions at North Bullion and Jasperoid Wash deposits.
- Identification of potential deposit extensions and new targets on
South Railroad Project . - Extension of key mineralized trend with planned addition of the
Pony Creek property through the acquisition of Contact Gold Corp. ("Contact Gold").
"
Since our acquisition of the
-
Following the positive drill intersections reported outside the projected open pit at
The North Bullion deposit, located in the northern part of the
North Bullion 2023 Results |
|
RR23-05 |
3.24 g/t Au over 51.8 m (sulphide) |
RR23-04 incl. |
2.37 g/t Au over 24.4 m (sulphide) 3.46 g/t Au over 15.2 m |
RR23-12 incl. |
2.55 g/t Au over 21.3 m (sulphide) 3.09 g/t Au over 16.8 m |
RR23-13 incl. |
1.78 g/t Au over 105.2 m (sulphide) 2.54 g/t Au over 54.9 m |
Building on the 2022 exploration program, which concentrated on advancing satellite deposits (see news release dated
North Bullion Extension – Targeting Sulphide Growth
Infill drilling at North Bullion identified a steep east-northeast dipping structure controlling sulphide-hosted high-grade gold mineralization. Review of historical geophysical data suggests the structure controlling high-grade gold mineralization continues to the north-northwest of the currently defined North Bullion deposit and may be analogous to the northwest-southeast structural control noted at Nevada Gold Mines Rain deposit 7.4 kilometres to the north. As a result, drilling is planned in 2024 to test the extension northwest of the deposit (Figure 4).
Jasperoid Wash – Targeting Oxide Additions
Drilling at the Jasperoid Wash deposit, located approximately 6 kilometres south of the Pinion Deposit, targeted potential shallow gold mineralization along the north extension of the mineralized trend (Figure 5). Selective infill drilling was conducted to confirm the geological model and provide material for metallurgical testing. Results confirmed significant oxide mineralization in and below inferred resource open pits, such as holes JWC23-01: 0.53 g/t Au over 17.7 m and JWC23-02: 0.85 g/t Au over 44.2 m. Drilling also intercepted shallow low-grade gold mineralization outside the inferred resource open pits (JWC23-04: 0.23 g/t Au over 21.9 m in oxide, Figure 6).
In 2024, follow-up drilling will aim to increase the oxide resources beyond the currently defined inferred resource open pits. Drilling will target an approximately 200-metre by 300-metre area underlain by favourable siliciclastic host rocks (Pennsylvanian-Permian conglomerate) with a coincident gold-in-soil anomaly, suggesting potential underlying mineralization, to the east of the north-south mineralized zone.
POD Extension – High Grade Silver Potential
Drilling in the POD area targeted the potential northwest extension of the deposit. This recent drilling intercepted high-grade silver mineralization, including RRC23-04: 534 g/t Ag over 2.1m, including 1,511 g/t Ag over 0.6m, and 477 g/t Ag over 3.7m, including 1,101 g/t Ag over 1.5m. Follow-up drilling in 2024 is planned to the southwest, near the Bullion Stock, which is interpreted as the potential intrusive source of this distinct style of mineralization.
2024 Exploration Drill Program
In 2023, Orla's exploration successfully demonstrated mineralization beyond projected open pits, advanced satellite deposits, and identified new target areas. This work significantly enhances the Project's geological potential for resource growth and new discoveries. Continuing into 2024, Orla has planned a drill program of approximately 22,800 metres.
The planned 2024 exploration program includes 4,400 metres of drilling to extend mineralization at the
Expanding Projected Oxide Open Pits
Building on the near-deposit exploration in 2023, the Company is looking to extend mineralization and expand gold resources and reserves at
At
At the Pinion Deposit, Orla will focus on the southeast extension area where recent drilling revealed continuous mineralization, including 112.7m at 0.72 g/t Au in oxide (news release dated
Advancing Satellite Mineralized Zones :
Orla will target the extension of mineral resources at satellite deposits in 2024, including extending sulphide mineralization at North Bullion and targeting shallow oxide mineralization at Jasperoid Wash on the
New Exploration Targets:
In 2024, Orla will drill test new exploration targets across the
2024 Exploration Budget:
To enhance continued exploration efforts at the extended
Qualified Persons Statement
The scientific and technical information in this news release has been reviewed and approved by Mr.
To verify the information related to the 2023 drilling programs at the
All gold results at
For additional information on the Company's previously reported drill results, see the Company's press releases dated
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)
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
This news release has been prepared in accordance with Canadian standards for the reporting of mineral resource and mineral reserve estimates, which differ from the previous and current standards of
For
As a result of the adoption of the SEC Modernization Rules, the
Appendix: Drill Results
Table 1: North Bullion Composite Drill Results (Composites Ox/Tr 0.17g/t Au cog & Sx 0.5g/t Au cog)
HOLE-ID |
From |
To |
Core Length |
Au |
CN Rec |
Au GXM |
Oxide |
Including |
Including |
Including |
|
|
|
|
|||||||||||
RR23-01 |
137.16 |
140.21 |
3.0 |
1.04 |
6.7 |
3.17 |
Sulphide |
1.52m @ 1.21g/t Au & 4.1% CN Rec |
|
|
|
|
RR23-01 |
294.13 |
297.18 |
3.0 |
0.68 |
3.6 |
2.08 |
Sulphide |
|
|
|
|
|
RR23-01 |
310.90 |
312.42 |
1.5 |
0.57 |
5.3 |
0.87 |
Sulphide |
|
|
|
|
|
RR23-01 |
324.61 |
355.09 |
30.5 |
1.30 |
4.7 |
39.55 |
Sulphide |
22.86m @ 1.58g/t Au & 5% CN Rec |
6.1m @ 2.13g/t Au & 5% CN Rec |
|
|
|
RR23-01 |
370.33 |
371.86 |
1.5 |
0.86 |
2.3 |
1.31 |
Sulphide |
|
|
|
|
|
RR23-04 |
163.07 |
187.45 |
24.4 |
2.37 |
3.3 |
57.86 |
Sulphide |
15.24m @ 3.46g/t Au & 4.5% CN Rec |
15.24m @ 3.46g/t Au & 4.5% CN Rec |
|
|
|
RR23-04 |
259.08 |
321.56 |
62.5 |
1.07 |
3.9 |
66.90 |
Sulphide |
9.14m @ 1.54g/t Au & 5.2% CN Rec |
6.1m @ 2.59g/t Au & 4.1% CN Rec |
|
|
|
RR23-04 |
329.18 |
353.57 |
24.4 |
0.60 |
1.9 |
14.75 |
Sulphide |
1.52m @ 1.03g/t Au & 1% CN Rec |
|
|
|
|
RR23-05 |
138.68 |
141.73 |
3.0 |
1.16 |
1.3 |
3.54 |
Sulphide |
1.52m @ 1.56g/t Au & 1.3% CN Rec |
|
|
|
|
RR23-05 |
150.88 |
202.69 |
51.8 |
3.24 |
3.0 |
168.06 |
Sulphide |
48.77m @ 3.4g/t Au & 3.1% CN Rec |
44.2m @ 3.6g/t Au & 2.9% CN Rec |
|
|
|
RR23-06 |
173.74 |
198.12 |
24.4 |
2.00 |
1.2 |
48.82 |
Sulphide |
18.29m @ 2.44g/t Au & 1.2% CN Rec |
16.76m @ 2.56g/t Au & 1.2% CN Rec |
|
|
|
RR23-08 |
286.51 |
297.79 |
11.3 |
0.51 |
1.6 |
5.73 |
Sulphide |
|
|
|
|
|
RR23-09 |
207.57 |
250.24 |
42.7 |
3.96 |
8.7 |
168.90 |
Sulphide |
42.67m @ 3.96g/t Au & 8.7% CN Rec |
20.73m @ 3g/t Au & 9.7% CN Rec |
3.05m @ 21.07g/t Au & 11.2% CN Rec |
|
|
RR23-09 |
311.51 |
377.04 |
65.5 |
1.15 |
3.2 |
75.61 |
Sulphide |
46.63m @ 1.33g/t Au & 3.6% CN Rec |
1.52m @ 2g/t Au & 5.5% CN Rec |
|
|
|
RR23-10 |
92.96 |
96.01 |
3.0 |
0.59 |
4.2 |
1.80 |
Sulphide |
|
|
|
|
|
RR23-10 |
292.61 |
301.75 |
9.1 |
0.57 |
1.0 |
5.20 |
Sulphide |
|
|
|
|
|
RR23-10 |
332.23 |
338.33 |
6.1 |
0.64 |
1.8 |
3.92 |
Sulphide |
|
|
|
|
|
RR23-10 |
361.19 |
362.71 |
1.5 |
0.52 |
9.6 |
0.80 |
Sulphide |
|
|
|
|
|
RR23-12 |
323.09 |
344.42 |
21.3 |
2.55 |
0.8 |
54.46 |
Sulphide |
16.76m @ 3.09g/t Au & .8% CN Rec |
13.72m @ 3.5g/t Au & .9% CN Rec |
|
|
|
RR23-12 |
355.09 |
382.52 |
27.4 |
0.81 |
2.9 |
22.23 |
Sulphide |
7.62m @ 1.17g/t Au & 1.3% CN Rec |
1.52m @ 2.3g/t Au & 7% CN Rec |
|
|
|
RR23-13 |
275.84 |
381.00 |
105.2 |
1.78 |
1.7 |
187.70 |
Sulphide |
76.2m @ 2.16g/t Au & 1.5% CN Rec |
54.86m @ 2.54g/t Au & 1.7% CN Rec |
|
|
|
RR23-14 |
265.48 |
281.64 |
16.2 |
1.24 |
1.4 |
19.98 |
Sulphide |
11.28m @ 1.5g/t Au & 1.4% CN Rec |
1.07m @ 3.19g/t Au & 3.4% CN Rec |
|
|
|
RR23-14 |
299.44 |
305.11 |
5.7 |
1.09 |
0.8 |
6.16 |
Sulphide |
2.44m @ 1.48g/t Au & .9% CN Rec |
|
|
|
|
RR23-14 |
317.91 |
320.50 |
2.6 |
0.59 |
1.7 |
1.52 |
Sulphide |
|
|
|
|
|
RR23-14 |
327.48 |
379.93 |
52.5 |
1.17 |
2.2 |
61.20 |
Sulphide |
10.67m @ 2.77g/t Au & 2.3% CN Rec |
5.88m @ 3.85g/t Au & 3% CN Rec |
|
|
|
RRC23-01 |
191.11 |
194.16 |
3.0 |
1.14 |
4.0 |
3.46 |
Sulphide |
3.05m @ 1.14g/t Au & 4% CN Rec |
|
|
|
|
RRC23-01 |
232.26 |
256.03 |
23.8 |
1.51 |
7.9 |
35.88 |
Sulphide |
17.37m @ 1.86g/t Au & 6.5% CN Rec |
7.92m @ 2.5g/t Au & 6.6% CN Rec |
|
|
|
RRC23-02 |
198.58 |
204.83 |
6.2 |
0.64 |
0.8 |
4.01 |
Sulphide |
|
|
|
|
|
RRC23-02 |
220.07 |
223.11 |
3.0 |
0.87 |
5.3 |
2.65 |
Sulphide |
1.52m @ 1.21g/t Au & 5% CN Rec |
|
|
|
|
RRC23-02 |
232.26 |
249.33 |
17.1 |
2.27 |
4.8 |
38.79 |
Sulphide |
15.54m @ 2.47g/t Au & 4.8% CN Rec |
9.45m @ 3.64g/t Au & 6.2% CN Rec |
|
|
|
RRC23-02 |
266.40 |
267.92 |
1.5 |
0.68 |
0.7 |
1.03 |
Sulphide |
|
|
|
|
|
RRC23-02 |
277.98 |
279.50 |
1.5 |
0.60 |
0.8 |
0.92 |
Sulphide |
|
|
|
|
|
RRC23-02 |
329.79 |
335.28 |
5.5 |
0.76 |
1.4 |
4.15 |
Sulphide |
1.22m @ 1.24g/t Au & 2.4% CN Rec |
|
|
|
|
RRC23-02 |
346.25 |
355.70 |
9.4 |
4.30 |
2.1 |
40.62 |
Sulphide |
9.45m @ 4.3g/t Au & 2.1% CN Rec |
9.45m @ 4.3g/t Au & 2.1% CN Rec |
1.83m @ 11.6g/t Au & 6.6% CN Rec |
|
|
RRC23-02 |
361.80 |
369.42 |
7.6 |
0.82 |
1.5 |
6.26 |
Sulphide |
|
|
|
|
|
RRC23-02 |
377.04 |
385.27 |
8.2 |
0.82 |
0.7 |
6.73 |
Sulphide |
|
|
|
|
|
Criteria: Cut off grade Ox/Tr 0.17g/t Au & Sx 0.5g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m |
OX= Oxide, TR= Transition, SX= Sulphide. True width of intercepts is uncertain but estimated to range between 40-85% of core length. |
Table 2: POD Regional Program Composite Drill Results
HOLE-ID |
From |
To |
Core Length |
Au |
Ag |
Including |
|
|
|
|
|||||||
RRC23-04 |
84.28 |
85.95 |
1.7 |
0.01 |
487.0 |
|
|
|
RRC23-04 |
155.30 |
157.43 |
2.1 |
0.01 |
533.9 |
0.6m @ 1511g/t Ag |
|
|
RRC23-04 |
212.90 |
213.67 |
0.8 |
0.01 |
163.0 |
|
|
|
RRC23-04 |
226.92 |
233.32 |
6.4 |
0.02 |
95.0 |
1.2m @ 349g/t Ag |
|
|
RRC23-04 |
258.32 |
261.98 |
3.7 |
0.06 |
477.0 |
1.5m @ 1101g/t Ag |
|
|
Criteria: Cut off grade 41.7g/t Ag, minimum length 1.5m, maximum consecutive internal waste 6m, if Ag grade x length > 62.5 the composite will be added. True width of intercepts are uncertain. |
Table 3: Jasperoid Wash Regional Program Composite Drill Results
HOLE-ID |
From |
To |
Core Length |
Au |
CN Rec |
Au GXM |
Oxide |
Including |
Including |
|
|
|
|
||||||||||
JW23-03 |
132.59 |
134.11 |
1.5 |
0.17 |
74.7 |
0.27 |
Oxide |
|
|
|
|
JW23-04 |
225.55 |
227.08 |
1.5 |
0.20 |
40.8 |
0.30 |
Oxide |
|
|
|
|
JWC23-01 |
0.00 |
17.68 |
17.7 |
0.53 |
91.0 |
9.37 |
Oxide |
10.67m @ .73g/t Au & 96.5% CN Rec |
1.52m @ 1.99g/t Au & 97% CN Rec |
|
|
JWC23-01 |
38.28 |
42.73 |
4.4 |
0.35 |
59.1 |
1.57 |
Oxide |
|
|
|
|
JWC23-01 |
127.04 |
128.38 |
1.3 |
0.73 |
33.0 |
0.98 |
Sulphide |
|
|
|
|
JWC23-01 |
128.38 |
153.31 |
24.9 |
0.32 |
84.9 |
8.00 |
Oxide |
1.31m @ 1.15g/t Au & 70.4% CN Rec |
1.31m @ 1.15g/t Au & 70.4% CN Rec |
|
|
JWC23-02 |
3.66 |
47.85 |
44.2 |
0.85 |
76.6 |
37.56 |
Oxide |
42.67m @ .86g/t Au & 76% CN Rec |
2.74m @ 1.46g/t Au & 96.6% CN Rec |
|
|
JWC23-02 |
117.35 |
118.87 |
1.5 |
0.27 |
93.3 |
0.41 |
Oxide |
|
|
|
|
JWC23-03 |
21.95 |
31.91 |
10.0 |
0.24 |
81.8 |
2.37 |
Oxide |
|
|
|
|
JWC23-03 |
47.24 |
56.78 |
9.5 |
0.24 |
88.1 |
2.26 |
Oxide |
|
|
|
|
JWC23-03 |
63.09 |
78.64 |
15.5 |
0.27 |
81.4 |
4.24 |
Oxide |
|
|
|
|
JWC23-03 |
92.66 |
94.18 |
1.5 |
0.19 |
94.7 |
0.29 |
Oxide |
|
|
|
|
JWC23-04 |
41.45 |
63.40 |
21.9 |
0.23 |
80.3 |
5.00 |
Oxide |
1.52m @ .58g/t Au & 82.5% CN Rec |
|
|
|
JWC23-04 |
72.85 |
83.52 |
10.7 |
0.20 |
75.0 |
2.16 |
Oxide |
|
|
|
|
JWC23-04 |
89.67 |
92.05 |
2.4 |
0.20 |
79.2 |
0.48 |
Oxide |
|
|
|
|
JWC23-05 |
5.09 |
6.71 |
1.6 |
0.24 |
84.4 |
0.38 |
Oxide |
|
|
|
|
JWC23-05 |
12.80 |
28.04 |
15.2 |
0.19 |
79.3 |
2.86 |
Oxide |
|
|
|
|
JWC23-05 |
38.71 |
40.23 |
1.5 |
0.17 |
76.0 |
0.26 |
Oxide |
|
|
|
|
JWC23-05 |
49.07 |
52.12 |
3.0 |
0.30 |
82.0 |
0.91 |
Oxide |
|
|
|
|
JWC23-05 |
63.09 |
65.47 |
2.4 |
0.19 |
84.4 |
0.46 |
Oxide |
|
|
|
|
JWC23-05 |
70.10 |
71.63 |
1.5 |
0.19 |
83.3 |
0.29 |
Oxide |
|
|
|
|
JWC23-05 |
85.34 |
92.05 |
6.7 |
0.37 |
73.4 |
2.50 |
Oxide |
2.26m @ .6g/t Au & 72.1% CN Rec |
|
|
|
Criteria: Cut off grade Ox/Tr 0.17g/t Au & Sx 0.5g/t Au, minimum length 1.5m, maximum consecutive internal waste 6m |
OX= Oxide, TR= Transition, SX= Sulphide. True width of intercepts is uncertain but estimated to range between 30-85% of core length. |
Table 4: South Railroad Drill Hole Collars
Hole number |
Target |
Hole type |
Grid |
Easting m |
Northing m |
Elevation m |
az_utm |
dip |
Depth (m) |
JW23-01 |
Jasperoid Wash |
RC |
NAD27 / UTM zone 11N |
585673.9 |
4472391.86 |
2310.4 |
30.0 |
-45.0 |
97.5 |
JW23-02 |
Jasperoid Wash |
RC |
NAD27 / UTM zone 11N |
585363.6 |
4472432.08 |
2328.9 |
30.0 |
-60.0 |
262.1 |
JW23-03 |
Jasperoid Wash |
RC |
NAD27 / UTM zone 11N |
585093.7 |
4472480.24 |
2325.5 |
30.0 |
-60.0 |
298.7 |
JW23-04 |
Jasperoid Wash |
RC |
NAD27 / UTM zone 11N |
584802.6 |
4472044.61 |
2188.2 |
60.0 |
-50.0 |
243.8 |
JWC23-01 |
Jasperoid Wash |
DD |
NAD27 / UTM zone 11N |
584849.3 |
4473494.46 |
2356.1 |
0.0 |
-60.0 |
162.2 |
JWC23-02 |
Jasperoid Wash |
DD |
NAD27 / UTM zone 11N |
584847.6 |
4473502.32 |
2356.0 |
180.0 |
-60.0 |
118.9 |
JWC23-03 |
Jasperoid Wash |
DD |
NAD27 / UTM zone 11N |
585167.3 |
4473160.95 |
2462.8 |
70.0 |
-50.0 |
94.2 |
JWC23-04 |
Jasperoid Wash |
DD |
NAD27 / UTM zone 11N |
585068.5 |
4473181.95 |
2427.3 |
70.0 |
-50.0 |
92.0 |
JWC23-05 |
Jasperoid Wash |
DD |
NAD27 / UTM zone 11N |
584949.1 |
4473165.68 |
2396.1 |
70.0 |
-50.0 |
92.0 |
RR23-01 |
North Bullion |
RC |
NAD27 / UTM zone 11N |
584864.3 |
4488438.04 |
2064.3 |
220.0 |
-70.0 |
426.7 |
RR23-02 |
North Bullion |
RC |
NAD27 / UTM zone 11N |
584945.4 |
4488230.79 |
2045.3 |
220.0 |
-70.0 |
408.4 |
RR23-03 |
North Bullion |
RC/DD |
NAD27 / UTM zone 11N |
584954.7 |
4488800.08 |
1989.6 |
180.0 |
-83.0 |
198.1 |
RR23-04 |
North Bullion |
RC |
NAD27 / UTM zone 11N |
584870.5 |
4488604.17 |
2028.5 |
160.0 |
-75.0 |
353.6 |
RR23-05 |
North Bullion |
RC |
NAD27 / UTM zone 11N |
584871.7 |
4488605.53 |
2028.5 |
125.0 |
-70.0 |
243.8 |
RR23-06 |
North Bullion |
RC |
NAD27 / UTM zone 11N |
584863.4 |
4488608.55 |
2028.5 |
35.0 |
-78.0 |
249.9 |
RR23-07 |
North Bullion |
RC/DD |
NAD27 / UTM zone 11N |
584817.1 |
4488931.71 |
1993.5 |
225.0 |
-70.0 |
219.5 |
RR23-08 |
North Bullion |
RC/DD |
NAD27 / UTM zone 11N |
584784.9 |
4488795.27 |
2002.0 |
210.0 |
-70.0 |
326.3 |
RR23-09 |
North Bullion |
RC/DD |
NAD27 / UTM zone 11N |
585073.5 |
4488799.80 |
1981.4 |
238.0 |
-66.0 |
381.6 |
RR23-10 |
North Bullion |
RC |
NAD27 / UTM zone 11N |
584806.0 |
4488276.42 |
2057.1 |
220.0 |
-70.0 |
365.8 |
RR23-11 |
POD |
RC |
NAD27 / UTM zone 11N |
583754.3 |
4487685.30 |
2233.4 |
210.0 |
-75.0 |
365.8 |
RR23-12 |
North Bullion |
RC |
NAD27 / UTM zone 11N |
584953.0 |
4488807.28 |
1989.6 |
315.0 |
-87.0 |
426.7 |
RR23-13 |
North Bullion |
RC |
NAD27 / UTM zone 11N |
584953.3 |
4488805.48 |
1989.7 |
248.0 |
-83.0 |
419.1 |
RR23-14 |
North Bullion |
RC/DD |
NAD27 / UTM zone 11N |
584953.9 |
4488801.38 |
1989.0 |
180.0 |
-83.0 |
420.0 |
RR23-15 |
North Bullion |
RC |
NAD27 / UTM zone 11N |
583779.5 |
4488645.29 |
2116.6 |
0.0 |
-90.0 |
542.5 |
RRC23-01 |
North Bullion |
DD |
NAD27 / UTM zone 11N |
585075.5 |
4488804.10 |
1981.4 |
230.0 |
-71.0 |
257.3 |
RRC23-02 |
North Bullion |
DD |
NAD27 / UTM zone 11N |
585066.2 |
4488855.24 |
1976.5 |
220.0 |
-70.0 |
412.1 |
RRC23-03 |
North Bullion |
DD |
NAD27 / UTM zone 11N |
584946.4 |
4488801.55 |
1989.5 |
253.0 |
-75.0 |
93.9 |
RRC23-04 |
POD |
DD |
NAD27 / UTM zone 11N |
583792.5 |
4487709.66 |
2219.1 |
210.0 |
-75.0 |
332.1 |
SOURCE