Orla clar­i­fies dis­clo­sure in Sept. 13 NR

Stockwatch Daily - - MINES & METALS - Mr. Marc Pre­fontaine re­ports

AT THE re­quest of IIROC (In­vest­ment In­dus­try Reg­u­la­tory Or­ga­ni­za­tion of Canada), Orla Min­ing Ltd. is clar­i­fy­ing the dis­clo­sure in its Sept. 13, 2017, news re­lease ti­tled “Orla in­ter­sects a com­bined 104.8 me­tres grad­ing 0.38 g/t Au and 1.71 per cent Cu at the Cerro Quema project, Panama.” Hole CQDH-17-116 in­ter­sected 49.0 me­tres of 0.50 gram per tonne gold and 1.39 per cent cop­per from 41.0 to 90.0 me­tres and 55.8 m of 0.28 g/t Au and 1.99 per cent Cu from 118.7 to 174.5 me­tres. The two in te rv als are s e pa ra ted by 28.7 me­tres with very low gold and cop­per val­ues. The ori­en­ta­tion and true thick­ness of min­er­al­iza­tion are un­known.

The com­pany in­ter­prets these as two ge­o­log­i­cally sim­i­lar higher-grade zones sep­a­rated by a ge­o­log­i­cally dis­tinct low-grade zone. There are sharp grade bound­aries at both the up­per and lower con­tacts of the low-grade zone.

De­tails for CQDH-17-116 are given in the at­tached ta­ble.

(See OLA Ta­ble 1 on page 15)

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 are also an­a­lyzed for mul­ti­ele­ments, in­clud­ing sil­ver and cop­per, us­ing an aqua re­gia (ME-ICP41) method at ALS Laboratories in Peru. Sam­ples with cop­per val­ues in ex­cess of 1 per cent by ICP analysis are re­run with Cu AA46 aqua re­gia and atomic ab­sorp­tion analysis. Drill pro­gram de sign, qual ity as­sur­ance/qual­ity con­trol and in­ter­pre­ta­tion of re­sults are per­formed by qual­i­fied per­sons em ploy­ing a qual ity as­sur­ance /qual­ity con­trol pro­gram con­sis­tent with Na­tional In­stru­ment 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 per cent of sam­ple pulps are sent to a sec­ondary lab­o­ra­tory for check as­says. The HQ di­am­e­ter core is halved with a di­a­mond saw.

Qual­i­fied per­son

The tech­ni­cal in­for­ma­tion in this news re­lease has been re­viewed and ap­proved by Hans Smit, PGeo, chief op­er­at­ing of­fi­cer of Orla Min­ing, who is the qual­i­fied per­son for the tech­ni­cal in­for­ma­tion in this news re­lease un­der NI 43-101 stan­dards.

About Orla Min­ing Ltd.

Orla Min­ing is a min­eral ex­plo­ration com­pany led by a

group of sea­soned min­ing ex­ec­u­tives with strong fi­nan­cial back­ing. The com­pany’s fo­cus is to ac­quire min­eral ex­plo­ration op­por­tu­ni­ties where the com­pany’s ex­plo­ration and devel­op­ment ex­per­tise and cor­po­rate share struc­ture could sub­stan­tially en­hance share­holder value. Cerro Quema’s 14,800-hectare con­ces­sion boasts paved-road ac­cess, a sup­port­ive lo­cal pop­u­la­tion an d pri­vate lan d own­er­ship. The Cerro Quema project is cur­rently in the last stage of the per­mit­ting process for a pro­posed open-pit mine and gold heap-leach ex­trac­tion fa­cil­ity.

We seek Safe Har­bor.

Ge­orge R Al­bino, Ti­mothy Quentin Hal­dane, Richard James Hall, Charles A Jeannes, Marc A Pre­fontaine, Jean Ro­bitaille, Hans Quir­i­nus Smit

(OLA) Shares: 128,294,572

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