VANCOUVER, BC, Nov. 26, 2020 /CNW/ - Orla Mining Ltd.
(TSX: OLA) ("Orla" or the "Company") is pleased to announce the
start of earth moving activities at its Camino Rojo Oxide Gold
Project ("Camino Rojo") located in Zacatecas State, Mexico.
"The start of earth moving on site marks another important
milestone in the development of Camino Rojo made possible through
the collective efforts of our team and stakeholders," stated
Jason Simpson, President and Chief
Executive Officer of Orla. "Project advancement continues in a
controlled manner as we focus on maintaining the health and safety
of our personnel."
All permit conditions have been satisfied, including placing of
an environmental bond, for site activities to begin. Major
contracts for earth moving and civil works have been awarded and
detailed engineering is 90% complete. Current activities include
mobilization of the earthworks contractor, installation of the
construction camp and offices, flora and fauna rescue, as well as
site fence erection. Construction of the power line to site
continues ahead of schedule thereby reducing some of the diesel
generation required during the first year of production. Process
plant equipment has started to arrive on site, including crusher
and conveyor equipment.
Under Mexico's current COVID-19
legislation, mining and construction are permitted economic
activities and the Camino Rojo site has been ramping up in strict
compliance with the Mexican Health Authority and Company
requirements. Orla has implemented a strict COVID-19 protocol,
including rigorous screening and testing programs as it began
controlled mobilization to site for construction. Orla continues to
maintain robust organization-wide COVID-19 prevention protocols to
support the health of employees and local communities. The Company
is closely monitoring the potential impacts from the pandemic on
areas including equipment delivery and logistics, construction
costs and schedule, as well as community and government
relations.
About Orla Mining Ltd.
Orla is constructing the Camino Rojo Oxide Gold Project, a 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 approval
of the MIA, the timing of commencement of construction 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.
For further information, please contact:
Jason Simpson
President & Chief Executive Officer
Andrew Bradbury
Director, Investor Relations
www.orlamining.com
info@orlamining.com
SOURCE Orla Mining Ltd.