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Orla Mining Ltd T.OLA

Alternate Symbol(s):  ORLA

Orla Mining Ltd. is a gold exploration company. The Company has two material gold projects Camino Rojo, located in Zacatecas State, Mexico and South Railroad, located in Nevada, United States. Its Camino Rojo Oxide Gold Mine is a gold and silver open-pit and heap leach mine. The property is 100% owned covers over 130,000 hectares which contains a large oxide and sulfide mineral resource. It also developing South Railroad Project, a feasibility-stage, open pit, heap leach gold project located on the Carlin trend in Nevada. Its asset includes 100%-owned Pony Creek property, a 4,500-hectare exploration land package, located adjacent to Company’s South Railroad property in the heart of the Carlin trend in Nevada. It also owns Green Springs property located in the southern end of the Cortez trend. It also owns 100% of Cerro Quema located in Panama, which includes a pre-feasibility-stage, open-pit, heap leach gold project, a copper-gold sulfide resource, and various exploration targets.


TSX:OLA - Post by User

Post by hipfneron Nov 26, 2020 6:58am
843 Views
Post# 31976982

Orla construction update

Orla construction update

VANCOUVER, BCNov. 26, 2020 /CNW/ - Orla Mining Ltd. (TSX: OLA) ("Orla" or the "Company") is pleased to announce the start of earth moving activities at its Camino Rojo Oxide Gold Project ("Camino Rojo") located in Zacatecas State, Mexico.

"The start of earth moving on site marks another important milestone in the development of Camino Rojo made possible through the collective efforts of our team and stakeholders," stated Jason Simpson, President and Chief Executive Officer of Orla. "Project advancement continues in a controlled manner as we focus on maintaining the health and safety of our personnel."

All permit conditions have been satisfied, including placing of an environmental bond, for site activities to begin. Major contracts for earth moving and civil works have been awarded and detailed engineering is 90% complete. Current activities include mobilization of the earthworks contractor, installation of the construction camp and offices, flora and fauna rescue, as well as site fence erection. Construction of the power line to site continues ahead of schedule thereby reducing some of the diesel generation required during the first year of production. Process plant equipment has started to arrive on site, including crusher and conveyor equipment.

Under Mexico's current COVID-19 legislation, mining and construction are permitted economic activities and the Camino Rojo site has been ramping up in strict compliance with the Mexican Health Authority and Company requirements. Orla has implemented a strict COVID-19 protocol, including rigorous screening and testing programs as it began controlled mobilization to site for construction. Orla continues to maintain robust organization-wide COVID-19 prevention protocols to support the health of employees and local communities. The Company is closely monitoring the potential impacts from the pandemic on areas including equipment delivery and logistics, construction costs and schedule, as well as community and government relations.

About Orla Mining Ltd.

Orla is constructing the Camino Rojo Oxide Gold Project, a gold and silver open-pit and heap leach project, located in Zacatecas State, Central Mexico. The project is 100% owned by Orla and covers over 160,000 hectares. The technical report entitled "Feasibility Study, NI 43-101 Technical Report on the Camino Rojo Gold Project — Municipality of Mazapil, Zacatecas, Mexico" dated June 25, 2019 is available on SEDAR under the Company's profile as well as on Orla's website at www.orlamining.com. Orla also owns 100% of the Cerro Quema Project located in Panama which includes a near-term gold production scenario and various exploration targets. The Cerro Quema Project is a proposed open pit mine and gold heap leach operation. Please refer to the "Cerro Quema Project - Pre-feasibility Study on the La Pava and Quemita Oxide Gold Deposits" dated August 15, 2014, which is available on SEDAR.

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