VANCOUVER, BC, July 2, 2020 /CNW/ - Orla Mining Ltd.
(TSX: OLA) ("Orla" or the "Company") is pleased to announce that
Sean Spraggett has been appointed as
General Manager, Panama, effective
July 1, 2020.
"We are excited to have Sean join the Orla team. His extensive
experience in-country and across broader Latin America will serve the Company well as
we advance our Cerro Quema project
in Panama", stated Jason Simpson, President and Chief Executive
Officer of Orla.
Mr. Spraggett has over 25 years of experience in the mining
industry and was previously the Country Manager for Stracon mining
contractors and supported the development of the Cobre Panama mine.
He also led the development and operations of the Constancia mine in Peru for Norsemont Mining prior to its
acquisition by Hudbay Minerals. Mr. Spraggett brings mine design,
construction, and operations expertise to Orla. He has managed
projects and studies at Yanacocha, Cerro
Corona, Rio Blanco,
Marcobre, La Granja, Cerro Verde, and Toquepala, among others. He
holds a B.Sc. degree in Geological Engineering from the
University of New Brunswick.
Orla remains focused on advancing its Cerro Quema project this year. Key work programs
include updating the Pre-Feasibility Study on the Cerro Quema Oxide
Project, continuing exploration on both oxide and sulphide target
areas with 4,000 metres of drilling planned in 2020, and completing
a maiden mineral resource estimate on the Caballito copper-gold
sulphide discovery. The Government of Panama has begun the process of reopening the
economy, and Phase 2 of a 6-Phase plan commenced on June 1. Cerro
Quema is permitted to gradually ramp up operations after
presenting its COVID-19 return-to-work protocols to the
Ministries of Health, Commerce, and Work on June 8. The Company continues to pay its
workforce and support local communities. The Company is
awaiting approval from the Government of Panama for the previously submitted
environmental permit and mining concession renewal
applications.
About Orla Mining Ltd.
Orla is developing the Camino Rojo Oxide Gold Project, an
advanced gold and silver open-pit and heap leach project, located
in Zacatecas State, Central
Mexico. The project is 100% owned by Orla and covers over
160,000 hectares. The technical report entitled "Feasibility Study,
NI 43-101 Technical Report on the Camino Rojo Gold Project —
Municipality of Mazapil, Zacatecas,
Mexico" dated June 25, 2019 is
available on SEDAR under the Company's profile as well as on Orla's
website at www.orlamining.com. Orla also owns 100% of the
Cerro Quema Project located in Panama which includes a near-term gold
production scenario and various exploration targets. The Cerro
Quema Project is a proposed open pit mine and gold heap leach
operation. Please refer to the "Cerro Quema Project -
Pre-feasibility Study on the La Pava and Quemita Oxide Gold
Deposits" dated August 15, 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
timing of meeting certain conditions with respect to the receipt of
required permits and licenses, the timing of commencement of
construction and exploration activities, the results of exploration
and planned exploration programs, the potential for discovery of
additional mineral resources and 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, 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 feasibility studies, drill results and the
estimation of mineral reserves and 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.
SOURCE Orla Mining Ltd.