Orla Mining eyes expansion potential at Cerro Quema CanadiansInvest
VANCOUVER – Orla Mining Ltd. [OLA-TSX] said exploration in 2022 has reinforced the potential for the definition and discovery of more oxide and sulphide resources at its 100%-owned Cerro Quema Project in Panama.
The company said a recent PFS demonstrates the possibility of a low cost, high return heap leach gold project. It said the estimated after-tax net present value is $176 million with an after-tax internal rate of return of 38% at a gold price of US$1,600 an ounce. Orla has said it will continue to advance the project towards feasibility level, providing the basis for a construction decision.
At the La Prieta target, intrusion-related copper-gold mineralization intersected in the first drill program highlights the potential of the tarett and justifies follow-up drilling in 2023.
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