With focus on gold production increases from 65k to 95k From 65,785 (2016) ounces of gold to about 85,000 to 95,000 ounces in fiscal 2017, mostly in part to the new CIL recovery system at Don Mario (Bolivia). New drilling at the thousands of hectares of property of new targets at Ele Valle. They have cash so exploration as planned will continue this year.
I expect an an announcement of drilling/exploration activities at Ele Valle (Spain) to start anytime now.
Orvana planned activities at Ele Valle (Spain)
FY 2017 Plan & Targets
• Exploration and drill program
• Expansion of known in-mine resources
• Targeting new resources regionally
• Exploration activities underway on other targets – drilling, mapping, soil analysis, geochem, geophysics