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OTCQX: ORVMF
Taguas Highlights
Completion lab results from TADD-279 (Table 1), returned several intercepts, highlighted by a 1.25 metres interval (from 398 to 399.25 metres) grading 9.19 g/t gold, 5.55% copper. This high-grade intercept indicates that the high-sulfidation epithermal system remains rooted and mineralized at these depths, demonstrating vertical continuity of the hydrothermal system.
VNIR–SWIR Terraspec measurements from TADD-279 reveal the development of sericitic alteration at depth, consistent with observations from TADD-278. This alteration pattern strengthens the interpretation that the hydrothermal system persists at depth and supports plans to extend the hole in the next drilling campaign in an effort to vector toward the system's core.
The next steps will focus on completing the petrographic studies of TADD-279 and integrating all drilling data from the 2026 program with historical datasets to refine the geological model and support planning for the next exploration campaign. This work will be aimed at vectoring toward a potential deeper porphyry source that may be driving the high-sulfidation epithermal system.
In addition, a technical workshop involving subject matter experts in porphyry and epithermal systems will be conducted during July to review the geological, geochemical, mineralogical, and alteration data, and to further refine targeting strategies for future drilling.
TORONTO, July 2, 2026 /CNW/ - Orvana Minerals Corp. (TSX: ORV) (OTCQX: ORVMF) ("Orvana" or "the Company"), is pleased to provide a further update on its deep drilling campaign at its 100%-owned Taguas Project in San Juan, Argentina, including additional assay results beyond those previously reported on May 27, 2026, and an update on planned next steps, with laboratory analyses and supporting studies ongoing. In addition, the Company provides an update on its brownfield and infill drilling program completed during the third quarter of fiscal 2026 at its El Valle–Boinás Mine in Asturias, Spain.
Raúl Álvarez, Director of Exploration and Technical Services of Orvana, commented: "The results from TADD-279, combined with the development of sericitic alteration at depth, reinforce our interpretation that we are vectoring toward the core of a hydrothermal system potentially linked to a deeper porphyry source. Our next steps will focus on integrating the 2026 and historical datasets, completing detailed petrographic studies to refine targeting for the next phase of drilling."