Orla Clarifies September 13, 2017 News Release
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 15, 2017) - At the request of IIROC, Orla Mining Ltd. (TSX
VENTURE:OLA) ("Orla" or the "Company") wishes to clarify the disclosure in its September 13, 2017 news release titled "Orla
Intersects a Combined 104.8 Metres Grading 0.38 g/t Au and 1.71% Cu at the Cerro Quema Project, Panama". Hole CQDH-17-116
intersected 49.0m @ 0.50 g/t Au and 1.39% Cu from 41.0 to 90.0 metres and 55.8m @ 0.28 g/t Au and 1.99% Cu from 118.7 to 174.5
metres. The two intervals are separated by 28.7 metres with very low gold and copper values. The orientation and true
thickness of mineralization is 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 on the table below:
Hole |
East |
North |
Az |
Dip |
Depth |
Intercepts |
|
|
|
|
|
|
From |
to |
Width |
Au g/t |
Cu % |
CQDH-17-116 |
554476 |
834623 |
246 |
-56 |
330.0 |
41.0 |
90.0 |
49.0 |
0.50 |
1.39 |
|
|
|
|
|
|
118.7 |
174.5 |
55.8 |
0.28 |
1.99 |
|
|
|
|
Including |
126.0 |
143.5 |
17.5 |
0.56 |
5.26 |
|
|
|
|
|
|
188.0 |
199.5 |
11.5 |
0.29 |
0.65 |
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 multi-elements, including silver and copper, using an Aqua Regia (ME-ICP41) method at ALS
Laboratories in Peru. Samples with copper values in excess of 1% by ICP analysis are re-run with Cu AA46 aqua regia and
atomic absorption analysis. Drill program design, Quality Assurance/Quality Control and interpretation of results are
performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 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% of sample pulps are sent to a secondary laboratory for check
assays. The HQ diameter core is halved with a diamond saw.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Hans Smit, P.Geo., Chief Operating
Officer of Orla Mining Ltd., who is the Qualified Person for the technical information in this news release under NI 43-101
standards.
On behalf of the Board of Directors,
Marc Prefontaine, M.Sc., P.Geo., President & Chief Executive Officer
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. The 100% owned Cerro Quema project in Panama includes a
near-term gold production scenario and significant exploration upside. Cerro Quema's 14,800 Ha concession boasts paved road
access, a supportive local population and private land 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. Please refer to the Cerro Quema
Project - Pre-Feasibility Study on the La Pava and Quemita Oxide Gold Deposits dated August 22, 2014, which is available on
SEDAR.
Forward-looking Statements
This news release contains certain "forward-looking statements" within the meaning of Canadian and United States securities
legislation, including, without limitation, statements with respect to the Company's objectives and
strategies. Forward-looking statements are statements that are not historical facts which address events, results, outcomes
or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of
the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Certain
material assumptions regarding such forward-looking statements are discussed in this news release, including without limitation,
assumptions that the Company's activities will be in accordance with the Company's public statements and stated goals; that there
will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that
there will be no significant disruptions affecting the Company or its properties. Consequently, there can be no assurances that
such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in
such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause
actual results to differ materially from those anticipated. These risks include, but are not limited to: risks related to
uncertainties inherent in the preparation of preliminary economic assessments, drill results and the estimation of mineral
resources; and risks associated with executing the Company's objectives and strategies, including costs and expenses. Except as
required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to
update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.