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Orla Intersects 147.7 Metres Grading 1.25 % Copper and 0.28 g/t Gold in Caballito Copper-Gold Zone at the Cerro Quema Project, Panama
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2018) - Orla Mining Ltd. (TSXV: OLA) (...
About this update from Orla Mining Ltd.
[{"type":"text","content":"Orla Intersects 147.7 Metres Grading 1.25 % Copper and 0.28 g/t Gold in Caballito Copper-Gold Zone at the Cerro Quema Project, PanamaVancouver, British Columbia--(Newsfile Corp. - June 19, 2018) - Orla Mining Ltd. (TSXV: OLA) (\"Orla\" or the \"Company\") is pleased to report that drilling in the Caballito copper-gold zone at its wholly owned Cerro Quema project in Panama continues to intersect near-surface mineralization with greater than 1% copper and associated gold values.Diamond drill hole CQDH18-163 intersected 147.7 metres at 1.25% copper and 0.28 g/t gold from 42.5 to 190.2 metres. This includes a 42.0 metre interval at 3.12% copper and 0.36 g/t gold within a structural zone that is thought to be steep dipping and north-south striking. The wider intercept is lithologically controlled by a shallow west dipping zone of breccia. In the same hole, a near-surface oxide intercept graded 0.45 g/t gold over 13.5 metres from 4.5 to 18.0 metres. Hole CQDH18-164 had several intercepts. The upper 33.0 metres averaged 0.81 g/t gold in oxide. A 69.5 metre intersection starting at 52.5 metre is comprised of 43.8 metres averaging 0.36 g/t gold in oxide and 25.7 metre at 1.96% copper and 0.52 g/t gold in sulphide. This was followed by 7.5 metres of low grade material and a further 14.5 metre at 0.72% copper and 0.35 g/t gold. This intercept is the furthest northwest intercept to date on the Caballito zone. The third hole reported, CQDH18-162, intersected 4.6 metres at 1.38% copper and 0.17 g/t gold from 170.2 to 174.8 metres. Based on the geophysical model, it is interpreted that the hole might have been drilled on the edge of the main area of mineralization.Assay results for holes drilled in the central and north-eastern part of the Caballito zone are pending. Additional holes are planned to test the full potential for higher grade copper-gold mineralization within the approximately 700 metre NW-SE by 400 metre NE-SW geophysical anomaly that defines the overall area of the zone. Drilling will start soon to test for the potential extension of mineralization on the northwest side of a fault that is interpreted to offset the Caballito zone north of the intersection in hole CQDH18-164. Initial holes will be targeted on a geophysical signature similar to Caballito, outlined by an induced polarization (\"IP\") survey completed earlier this ye...