Bullboard - Stock Discussion Forum Orla Mining Ltd T.OLA

Alternate Symbol(s): ORLA

Metals & Mining Gold

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... see more

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TSX:OLA - Post Discussion

Orla Mining Ltd > Updated Feasibility Study - wow!

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Post by hipfner on Feb 09, 2021 5:33pm

Updated Feasibility Study - wow!

VANCOUVER, BC, Feb. 9, 2021 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce that the Company has filed a technical report, prepared in accordance with the disclosure standards under National Instrument 43-101 ("NI 43-101") for its Camino Rojo Oxide Gold Project (the "Project") located in Zacatecas, Mexico. Orla previously announced the results for the Updated Feasibility Study (see News Release dated January 11, 2021), which highlighted an estimated Project after-tax net present value ("NPV") (5% discount rate) of $452 million with an after-tax internal rate of return ("IRR") of 62% at a gold price of $1,600 per ounce. A summary of the key highlights and results contained in the technical report is presented below. The detailed technical report is available on SEDAR and EDGAR under the Company's profile at www.sedar.com and at www.sec.gov, respectively. The technical report is also available on Orla's website at www.orlamining.com.

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