Orla Mining Reports Initial Underground Mineral Resource for Camino Rojo in Mexico

Orla Mining has released an initial underground mineral resource for its Camino Rojo project in Mexico. The resource includes 1.1 million ounces of gold and 2.3 million ounces of silver. The project is expected to have a mine life of 10 years. Orla Mining is a gold exploration company with projects in Mexico and Nevada, USA.

Orla Mining Ltd. (TSX: OLA) has announced the release of its initial underground mineral resource estimate for the Camino Rojo project located in Zacatecas, Mexico. The resource, which includes 3.95 million ounces (Moz) of gold and 17.05 Moz of silver, represents a significant milestone for the company [1].

The mineral resource estimate, prepared by SLR Consulting (Canada) Ltd., includes a Measured and Indicated (M&I) resource of 50.1 million tonnes (Mt) at 2.45 grams per tonne (g/t) gold, 10.6 g/t silver, and 0.25% zinc. This resource totals 3.95 Moz of gold, 17.05 Moz of silver, and 278 million pounds (Mlbs) of zinc, with an average gold equivalent (AuEq) of 2.58 g/t [1].

In addition to the M&I resource, the estimate includes an Inferred resource of 5.6 Mt at 2.21 g/t gold, 10.9 g/t silver, and 0.21% zinc, which totals 0.40 Moz of gold, 1.95 Moz of silver, and 26 Mlbs of zinc, with an average AuEq of 2.33 g/t [1].

The resource is divided into three spatially distinct zones, each with specific processing options for the Caracol-hosted mineralization: heap leaching (3%), cyanidation (CIL) (25%), and flotation followed by pressure oxidation (POX) as a pre-treatment prior to cyanidation (CIL with POX) (72%) [1].

The Camino Rojo project is expected to have a mine life of 10 years, and the company plans to advance the initial underground Mineral Resource towards a possible future construction decision. This includes additional exploration, development planning, flowsheet design, further metallurgical testing, engineering studies, and permitting activities [1].

Orla Mining's CEO, Jason Simpson, stated, "This initial underground resource marks an important milestone at Camino Rojo. When we acquired the project, the scale of the mineralized system was clear, but the path forward was uncertain. This resource crystallizes our belief in the potential for a future underground operation. Our team has taken a systematic approach, and we will now look to increase confidence and establish a clear path to construction." [1]

The deposit remains open down plunge and at depth, and the company remains committed to continued exploration and unlocking the full potential of Camino Rojo [1].

References:
[1] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1439-tsx/ola/181407-orla-mining-delivers-initial-underground-mineral-resource-for-camino-rojo-in-mexico-paving-the-way-for-future-development-planning.html