Orla clarifies disclosure in Sept. 13 NR
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.
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