UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,D.C. 20549

 

FORM 6-K

 

Report ofForeign Private Issuer

Pursuantto Rule 13a-16 or 15d-16

UNDER theSecurities Exchange Act of 1934

 

For the month of August, 2025

 

Commission File Number: 001-39766

 

ORLA MINING LTD.

(Translation of registrant's name into English)

 

1010-1075West Georgia Street

Vancouver,BC

V6E3C9

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annualreports under cover Form 20-F or Form 40-F.

 

Form 20-F    ☐   Form 40-F    ☒

 

 

 

 

 
 

SIGNATURE

 

Pursuant to the requirements of the Securities ExchangeAct of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    ORLA MINING LTD..
        
Date: August 7, 2025    /s/ Etienne Morin
 

Name: Etienne Morin

Title:   Chief Financial Officer



 

 

   

 

 
 

 

EXHIBIT INDEX

 

 

Exhibit   Description of Exhibit
     
99.1   Press Release dated August 7, 2025

Exhibit 99.1

 

News Release 

 

Orla Mining Reports New Drill Results from Zone22 at Camino Rojo, Mexico

High grade intersections outsidecurrent resource panels enhances potential

VANCOUVER, BC, Aug. 7, 2025 /CNW/ - Orla MiningLtd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to provide an exploration update from the CaminoRojo deposit in Zacatecas, Mexico, focusing on Zone 22 extensions of the Sulphides. The presence of high-grade mineralization, along withstraightforward metallurgy and polymetallic characteristics, highlights Zone 22's strong potential to enhance the underground resource.

The 15,000-metre infill drilling program, launchedin early 2025 to target the upper 500 metres of Zone 22, was completed on July 18. Drilling has consistently returned high-gradeAu-Ag-Zn mineralization, supporting the June 2025 initial underground Mineral Resource estimate and enhancing the potential for both resourcegrowth and classification upgrades. Given the success to date, the Company has expanded the program by an additional 5,000 metres in 2025,sourced from within the existing 2025 exploration budget.

The infill drill results will support an updated undergroundresource estimate for the Camino Rojo deposit, which is expected to feed into the planned 2026 Preliminary Economic Assessment (PEA).

Highlights:

High-grade intersections (reported as true widths) outsidecurrent resource panels1:
142.0 g/t AuEq over 1.4 m (Hole CRSX24-36D)
9.8 g/t AuEq over 9.4 m (Hole CRSX25-47B)
9.0 g/t AuEq over 7.9 m (Hole CRSX25-48A) 
6.2 g/t AuEq over 9.6 m (Hole CRSX25-50A)
14.2 g/t AuEq over 3.3 m (Hole CRSX25-46C)
4.2 g/t AuEq over 11.4 m (Hole CRSX24-46)
25.9 g/t AuEq over 1.2 m (Hole CRSX24-36D)
Increasing resource confidence: Drill spacingwas tightened to 30-80 metres within the upper 500 metres of Zone 22, supporting a potential resource classification upgrade planned for2026 and guiding extension drilling along the main plunge extensions.

"The Zone 22 Infill Program has deliveredconsistent high-grade results, strengthening our resource model and reinforcing Zone 22 as key to Camino Rojo's underground potential.With mineralization still open, we see strong upside for further growth."

- Sylvain Guerard, Orla's Senior Vice President,Exploration

2025 Zone 22 Infill Program Highlights and Significanceof Results

The 2025 Zone 22 program aimed to confirm, upgrade,and extend the continuity of high-grade polymetallic (Au-Ag-Zn-Pb-Cu) mineralization along the down-plunge extension of the Camino Rojodeposit. The 2025 program is focused on tightening drill spacing to enhance resource confidence and better define the geometry of high-gradezones. This campaign builds on the successful 2024 drilling campaign which extended mineralization nearly one kilometre down plunge, andthe initial 2025 underground Mineral Resource estimate. (Please see press releases dated December 10, 2024, and June 5, 2025).

This press release provides results from 16 of 21drill holes and 9,470 metres drilled as part of the 2025 infill drilling program, and 7 drill holes and 5,278 metres from the final portionof the 2024 program. The 2024 results had not yet been reported and were not included in the initial underground resource estimate (Figures1, 2)

To date, 15 significant mineralized intersectionshave been identified outside the current resource panels, each with a grade-by-thickness factor exceeding 30 g/t AuEqm.Estimated true widths range from 1.2 to 11.9 metres including narrower intervals (0.4 to 1.8 metres true width) of elevated gold gradesof 10.3 to 142.0 g/t and zinc values ranging from 5.07% to 18.65%. Additionally, four composites, ranging from 18.0 to 25.0 g/t AuEqm,are located within the current resource panels, while four additional composites are found outside the current resource. See Figures3 to 6 and Table 1 for the drill intersection highlights.

The infill program continues to confirm the presenceof high-grade polymetallic mineralized zones with both steep and gently dipping (flat) geometries.

Zone 22: The Vertical and Down-plunge Continuationof the Camino Rojo Deposit

The Camino Rojo deposit comprises three continuouszones with distinct characteristics:

1.The Camino Rojo Oxide Deposit ("Camino Rojo Oxides"), hosted by the Caracol formation,
2.The Camino Rojo Sulphide Deposit, the sulphide continuation of the Camino Rojo Oxides, also hosted by the Caracol formation ("CaminoRojo Sulphides" or "Sulphides"); and
3.Zone 22, an extension of the Sulphides, hosted by the limestone-rich Indidura, Cuesta del Cura, La Peña, and Cupido formations.

Zone 22, the vertical and down-plunge extension ofthe Camino Rojo Sulphides, extends through multiple limestone-rich formations and remains open at depth (Figures 3, 4). Mineralizationhas been identified across all drilled units, with current drilling defining a zone 500 metres along strike, a horizontal thickness of200 to 400 metres and extending from 700 to 1,300 metres in vertical depth below surface. 

Exploration Planning - Increasing Metres &Exploration Drift Proposed

Supported by strong results, total drilling is nowexpected to reach approximately 20,000 metres by year-end, exceeding the original 2025 plan of 15,000 metres. Two drill rigs will continueoperating through year-end, targeting further infill and extension of Zone 22 (Figure 4). The drill program is planned to continue into2026, progressively infilling down-plunge mineralized trends - one Au-Ag-Zn and the other Au-Ag-Cu - while increasing confidence in theexisting resource.

As part of future planning, an exploration drift isproposed to enable tighter-spaced underground drilling to further refine resource definition. Technical work is ongoing to support thetransition to advanced studies. Permitting and early-stage development planning are underway, with drift construction potentially beginningin 2026, subject to permit approval.


Figure 1: Plan View Showing Location of Reported DrillHoles (CNW Group/Orla Mining Ltd.)


Figure 2: Camino Rojo Long Section Overview with RecentlyReported Initial Underground Resources (June 5, 2025, Press Release) (CNW Group/Orla Mining Ltd.)


Figure 3: Camino Rojo Long Section Drill Result Highlights(CNW Group/Orla Mining Ltd.)


Figure 4: Camino Rojo Long Section Drill Result Highlightsand 2025 Planned Holes (CNW Group/Orla Mining Ltd.)


Figure 5: Camino Rojo Cross Section Drill IntersectionHighlights (CNW Group/Orla Mining Ltd.)


Figure 6: Camino Rojo Cross Section Drill IntersectionHighlights (CNW Group/Orla Mining Ltd.)

Table 1: Drill Intersection Detailed Highlights2

Hole ID  From  
(m) 
Core
Length
 
(m) 
Au 
g/t 
Ag 
g/t 
Zn 
% 
Cu 
% 
Pb 
% 
AuEq 
g/t 
CRSX24-36D  1014.9 2.1 21.1 115.4 5.82 0.13 1.17 25.9
and  1182.4 0.8 17.0 17.5 1.19 0.16 0.03 18.0
and  1346.0 1.5 142.0 2.6 0.02 <0.005  <0.005  142.0
CRSX24-42B  1515.1 0.5 11.5 10.7 5.07 0.07 0.01 14.2
CRSX25-46  957.0 0.8 18.5 77.0 8.14 0.25 0.11 23.7
and  1039.8 14.7 3.0 15.0 0.55 0.26 <0.005  3.8
incl.  1041.4 4.2 6.39 18.4 0.24 0.34 <0.005  7.17
and  1070.4 1.6 13.6 37.9 14.30 0.11 0.18 21.3
CRSX25-46A  985.1 0.6 21.5 28.2 7.70 0.16 0.04 25.8
and  1012.6 0.5 35.5 29.4 0.03 0.21 0.01 36.1
and  1054.7 0.6 36.4 2.6 <0.005  0.05 <0.005  36.5
CRSX25-46B  952.2 0.5 25.3 48.3 11.75 0.17 0.04 31.9
and  954.0 0.5 16.9 46.1 13.00 0.20 0.05 24.1
and  1046.6 1.1 15.1 6.8 12.02 0.06 <0.005  21.2
CRSX25-46C  970.5 1.5 10.5 3.1 0.21 0.01 0.01 10.6
and  1026.7 4.4 9.06 62.1 8.28 0.22 0.17 14.2
CRSX25-47A  987.4 1.1 9.06 23.8 1.38 0.35 <0.005  10.5
and  990.5 1.5 21.0 1.6 0.07 <0.005  <0.005  21.1
and  1019.6 0.5 12.6 36.4 4.18 0.14 0.03 15.3
CRSX25-47B  1071.5 10.5 9.42 15.6 0.35 0.03 0.05 9.83
incl.  1071.5 1.0 72.3 4.2 0.45 0.04 <0.005  72.6
CRSX25-47C  1072.9 0.5 19.0 57.6 1.27 0.13 0.09 20.4
CRSX25-48A  885.3 1.4 10.5 6.4 5.91 0.06 0.01 13.6
and  913.9 9.8 8.0 11.2 1.52 0.07 0.04 9.0
incl.  913.9 0.5 65.6 18.9 2.49 0.05 0.15 67.2
incl.  915.6 0.5 51.8 57.1 4.60 0.13 0.38 55.0
incl.  918.8 0.6 15.1 20.0 8.80 0.08 0.10 19.8
and  930.5 0.6 15.3 25.9 2.90 0.13 0.05 17.2
and  1087.6 1.1 3.61 5.1 13.40 0.07 0.01 10.4
CRSX25-48B  1022.5 0.5 10.3 23.4 6.33 0.10 0.02 13.8
CRSX25-48C  820.0 0.6 14.5 39.5 0.46 0.08 0.07 15.3
CRSX25-48D  856.8 1.0 9.41 35.7 2.24 0.32 0.01 11.4
CRSX25-49  1195.7 0.5 17.9 22.9 13.35 0.16 0.02 24.9
CRSX25-49A  1056.9 1.0 9.76 71.0 4.42 0.08 0.27 12.9
and  1166.4 1.0 21.5 50.4 1.73 0.21 0.10 23.2
and  1253.0 1.5 21.0 44.3 0.23 0.18 0.20 21.9
CRSX25-49B  1018.3 1.5 14.0 167.9 5.97 0.11 2.37 19.8
CRSX25-50A  843.5 11.6 4.77 17.0 2.20 0.12 0.01 6.21

Additional Technical Information

All mineralized interval lengths reported are down-holeintervals, with true width estimates ranging from 45-97% for the reported interval for all composites >3 (see Appendix table 1) or>1.5 (see Appendix table 2) grade-by-thickness factor (AuEq g/t*m). See Table 1 in the Appendix of this news release for estimatedtrue widths of individual composites. A standard sampling length of 1.5 metres is used with a minimum of 0.5 metres when required basedon geological contacts. Drill core is mainly HQ diameter, with reduction to NQ where necessary due to drilling depth. The reported compositeswere not subject to "capping" of high grades. Orla believes that applying a top cut would have a negligible effect on overallgrades. Composites for the sulphide drilling were calculated using 2.0 g/t AuEq cut-off grade and maximum 3 metres consecutive waste.

Qualified Persons Statement         

The scientific and technical information in this newsrelease has been reviewed and approved by Mr. Sylvain Guerard, P Geo., SVP Exploration of the Company, who is the Qualified Person asdefined under the definitions of National Instrument 43-101 ("NI 43-101").

To verify the information related to the 2025 drillingprogram at the Camino Rojo property, Mr. Guerard has visited the property this year; discussed logging, sampling, and sample shippingprocesses with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supportingdocumentation, including drill hole location and orientation and significant assay interval calculations.

Quality Assurance / Quality Control - 2025 DrillProgram

All gold results at Camino Rojo were obtained by ALSMinerals (Au-AA23) using fire assay fusion and an atomic absorption spectroscopy finish. All samples are also analysed for multi-elements,including silver, copper, lead and zinc using a four-acid digestion with ICP-AES finish (ME-ICP61) method at ALS Laboratories in Canada.If samples were returned with gold values in excess of 10 ppm or base metal values in excess of 1% by ICP analysis, samples are re-runwith gold (Au-GRA21) by fire assay and gravimetric finish or base metal by (OG62) four acid overlimit methods. Drill program design, QualityAssurance/Quality Control and interpretation of results were performed by qualified persons employing a Quality Assurance/Quality Controlprogram consistent with NI 43-101 and industry best practices. Standards were inserted at a frequency of one in every 50 samples, andblanks were inserted at a frequency of one in every 50 samples for Quality Assurance/Quality Control purposes by the Company as well asthe lab. ALS Minerals and ALS Laboratories are independent of Orla. There are no known drilling, sampling, recovery, or other factorsthat could materially affect the accuracy or reliability of the drilling data at Camino Rojo.

For additional information on the Company's previouslyreported drill results, see the Camino Rojo Report and the Company's press releases dated February 4, 2021 (Orla Mining Provides ExplorationUpdate), September 12, 2022 (Orla Mining Advances Exploration & Growth Pipeline), January 31, 2023 (Orla Mining Continues to IntersectWide, Higher-Grade Sulphide Zones and Expose Deeper Potential at Camino Rojo, Mexico), February 7, 2024 (Orla Mining Concludes 2023 CaminoRojo Sulphides Infill Program with Strong Results), June 26, 2024 (Orla Mining Reports Positive Drilling Intersections and MetallurgicalResults at Camino Rojo Sulphide Extensions) and December, 10, 2024 (Orla Expands High-Grade Mineralization 800 Metres Beyond Current Resourcein Extension Drilling at Camino Rojo, Mexico).

For additional information on the Company's QAQC program,including drilling and sampling procedures, see the Company's technical report entitled "NI 43-101 Technical Report Camino Rojo Project,Zacatecas, Mexico"  with an  effective date of March 31, 2025 (the "Camino Rojo Report"), which is availableon SEDAR+ and EDGAR under the Company's profile at www.sedarplus.ca and www.sec.gov, respectively.

Gold Equivalent Calculations

The following metal prices in USD were used for thegold metal equivalent calculations: $1,750/oz gold, $21/oz silver, $0.90/lb lead, $1.20/lb zinc, and $3.50/lb copper. Metal recoverieson the Sulphide extension, based on the total recovery for the sulphide portion of the existing resource estimate, were 86% for gold,76% for silver, 60% for lead, and 64% for zinc, and based on a preliminary study of similar carbonate replacement deposits were assumedto be 85% for copper. Metal recoveries on Zone 22, based on a preliminary metallurgical study, were 88% for gold and 92% for zinc, andbased on a preliminary study of similar carbonate replacement deposits were assumed to be 85% for silver, 85% for lead and 85% for copper.

The following equations were used to calculate goldequivalence:

Camino Rojo Sulphide AuEq = Au (g/t) + [Ag (g/t) *0.0106] + [Pb (%) * 0.2460] + [Zn (%) * 0.3499] + [Cu (%) * 1.3555]

Camino Rojo Zone 22 AuEq = Au (g/t) + [Ag (g/t) *0.0116] + [Pb (%) * 0.3406] + [Zn (%) * 0.4916] + [Cu (%) * 1.3247]

Analyzed metal equivalent calculations are reportedfor illustrative purposes only. The metal chosen for reporting on an equivalent basis is the one that contributes the most dollar valueafter accounting for the recoveries used above.

About Orla Mining Ltd.

Orla's corporate strategy is to acquire, develop,and operate mineral properties where the Company's expertise can substantially increase stakeholder value. The Company has three materialprojects, consisting of two operating mines and one development project, all 100% owned by the Company: (1) Camino Rojo, in ZacatecasState, Mexico, an operating gold and silver open-pit and heap leach mine. The property covers over 139,000 hectares which contains a largeoxide and sulphide mineral resource, (2) Musselwhite Mine, in Northwestern Ontario, Canada, an underground gold mine that has been inoperation for over 25 years and produced over 6 million ounces of gold, with a long history of resource growth and conversion, and (3)South Railroad, in Nevada, United States, a feasibility-stage, open pit, heap leach gold project located on the Carlin trend in Nevada.The technical reports for the Company's material projects are available on Orla's website at www.orlamining.com, and on SEDAR+ and EDGARunder the Company's profile at www.sedarplus.ca and www.sec.gov, respectively.

Forward-looking Statements

This news release contains certain "forward-lookinginformation" and "forward-looking statements" within the meaning of Canadian securities legislation and within the meaningof Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended,the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission,all as may be amended from time to time, including, without limitation, statements regarding: the results of the Company's explorationdrilling program at Camino Rojo, including potential resource growth and enhancement, increased resource confidence, classification upgrades,and potential mineralization; additional drilling planned at Camino Rojo in 2025; the publication and timing of a PEA on the Sulphides;construction of an exploration drift and the timing thereof; receipt of applicable permits; and the Company's goals and objectives. Forward-lookingstatements are statements that are not historical facts which address events, results, outcomes or developments that the Company expectsto occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statementsare made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statementswere made, including without limitation, assumptions regarding: the future price of gold and silver; anticipated costs and the Company'sability to fund its programs; the Company's ability to carry on exploration, development, and mining activities; the Company's abilityto successfully integrate the Musselwhite Mine; tonnage of ore to be mined and processed; ore grades and recoveries; decommissioning andreclamation estimates; currency exchange rates remaining as estimated; prices for energy inputs, labour, materials, supplies and servicesremaining as estimated; the Company's ability to secure and to meet obligations under property agreements, including the layback agreementwith Fresnillo plc; that all conditions of the Company's credit facility will be met; the timing and results of drilling programs; mineralreserve and mineral resource estimates and the assumptions on which they are based; the discovery of mineral resources and mineral reserveson the Company's mineral properties; that political and legal developments will be consistent with current expectations; the timely receiptof required approvals and permits, including those approvals and permits required for successful project permitting, construction, andoperation of projects; the timing of cash flows; the costs of operating and exploration expenditures; the Company's ability to operatein a safe, efficient, and effective manner; the Company's ability to obtain financing as and when required and on reasonable terms; thatthe Company's activities will be in accordance with the Company's public statements and stated goals; and that there will be no materialadverse change or disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements willprove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-lookingstatements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from thoseanticipated. These risks include, but are not limited to: uncertainty and variations in the estimation of mineral resources and mineralreserves; risks related to the Company's indebtedness and gold prepayment; risks related to exploration, development, and operation activities;foreign country and political risks, including risks relating to foreign operations; tailings risks; reclamation costs; delays in obtainingor failure to obtain governmental permits, or non-compliance with permits; environmental and other regulatory requirements; loss of, delaysin, or failure to get access from surface rights owners; uncertainties related to title to mineral properties; water rights; risks relatedto natural disasters, terrorist acts, health crises, and other disruptions and dislocations; financing risks and access to additionalcapital; risks related to guidance estimates and uncertainties inherent in the preparation of feasibility studies; uncertainty in estimatesof production, capital, and operating costs and potential production and cost overruns; the fluctuating price of gold and silver; risksrelated to the Cerro Quema Project; unknown labilities in connection with acquisitions; global financial conditions; uninsured risks;climate change risks; competition from other companies and individuals; conflicts of interest; risks related to compliance with anti-corruptionlaws; volatility in the market price of the Company's securities; assessments by taxation authorities in multiple jurisdictions; foreigncurrency fluctuations; the Company's limited operating history; litigation risks; the Company's ability to identify, complete, and successfullyintegrate acquisitions; intervention by non-governmental organizations; outside contractor risks; risks related to historical data; theCompany not having paid a dividend; risks related to the Company's foreign subsidiaries; risks related to the Company's accounting policiesand internal controls; the Company's ability to satisfy the requirements of Sarbanes-Oxley Act of 2002; enforcement of civil liabilities;the Company's status as a passive foreign investment company (PFIC) for U.S. federal income tax purposes; information and cyber security;the Company's significant shareholders; gold industry concentration; shareholder activism; other risks associated with executing the Company'sobjectives and strategies; as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis,as well as its annual information form dated March 18, 2025, which are available on www.sedarplus.ca and www.sec.gov. Except as requiredby the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-lookingstatements if management's beliefs, estimates or opinions, or other factors, should change.

Appendix: Drill Results  

Table 1: Camino Rojo Sulphide Extension CompositeDrill Results (Composites 2g/t AuEq cog) 

HOLE-ID  From  
(m) 
Core 
Length 
(m) 
Estimated 
True Width 
(m) 
Au 
g/t 
Ag 
g/t 
Zn  
% 
Cu  
% 
Pb  
% 
AuEq g/t 
(Au+Ag+Cu 
+Pb+Zn) 
AuEq 
GXM 
Including  
5.0g/t AuEq COG 
Including 
10g/t AuEq HG 
Litho 
CRSX24-36D  1014.90 2.1 1.24 21.08 115.4 5.82 0.13 1.17 25.85 54.29  1.6m @ 34.27g/t AuEq 
(28.26g/t Au, 128.3g/t Ag, 0.09%
Cu, 1.56% Pb, 7.88% Zn) 
 1.6m @ 34.27g/t AuEq 
(28.26g/t Au, 128.3g/t Ag, 0.09%
Cu, 1.56% Pb, 7.88% Zn) 
Cuesta de Cura 
CRSX24-36D  1083.00 1.5 1.43 1.90 4.2 0.09 0.02 <0.005  2.01 3.02     Cuesta de Cura 
CRSX24-36D  1106.70 0.5 0.48 4.77 34.3 1.79 0.12 0.03 6.22 3.11     Cuesta de Cura 
CRSX24-36D  1125.50 1.3 1.19 1.63 13.1 4.32 0.30 <0.005  4.30 5.38     Cuesta de Cura 
CRSX24-36D  1178.20 5.0 4.73 3.75 31.4 0.25 0.75 0.01 5.23 25.90  0.8m @ 18.01g/t AuEq 
(17g/t Au, 17.5g/t Ag, 0.16% Cu,
0.03% Pb, 1.19% Zn) 
 0.8m @ 18.01g/t AuEq 
(17g/t Au, 17.5g/t Ag, 0.16%
Cu, 0.03% Pb, 1.19% Zn) 
La Peña 
CRSX24-36D  1346.00 1.5 1.45 142.00 2.6 0.02 <0.005  <0.005  142.04 213.06  1.5m @ 142.04g/t AuEq 
(142g/t Au, 2.6g/t Ag, <0.005%
Cu, <0.005% Pb, 0.02% Zn) 
 1.5m @ 142.04g/t AuEq 
(142g/t Au, 2.6g/t Ag, <0.005%
Cu, <0.005% Pb, 0.02% Zn) 
La Peña 
CRSX24-36D  1390.20 0.8 0.78 4.82 2.7 1.89 0.08 <0.005  5.89 4.71     Cupido 
CRSX24-36D  1534.50 1.5 1.46 2.73 0.7 <0.005  0.01 <0.005  2.76 4.14     Cupido 
CRSX24-41A  1438.10 0.5 0.37 0.99 229.0 4.72 0.03 4.86 7.67 3.83     Cupido 
CRSX24-41A  1453.00 2.5 1.81 0.29 56.4 1.48 0.02 1.29 2.14 5.24     Cupido 
CRSX24-41A  1549.65 0.5 0.38 6.24 95.9 3.29 0.34 0.13 9.46 4.73     Cupido 
CRSX24-42B  1515.10 0.5 0.42 11.50 10.7 5.07 0.07 0.01 14.21 7.10    0.5m @ 14.21g/t AuEq 
(11.5g/t Au, 10.7g/t Ag, 0.07%
Cu, 0.01% Pb, 5.07% Zn) 
Cupido 
CRSX24-42B  1528.20 3.1 2.63 3.37 27.3 0.26 0.15 0.06 4.04 12.73  1.1m @ 6.85g/t AuEq 
(6.03g/t Au, 47.3g/t Ag, 0.18%
Cu, 0.02% Pb, 0.06% Zn) 
  Cupido 
CRSX24-44A  1379.50 3.7 3.17 0.74 21.2 0.63 0.98 <0.005  2.59 9.46     Cupido 
CRSX24-44A  1396.00 1.5 1.14 0.90 22.0 0.04 0.84 <0.005  2.29 3.44     Cupido 
CRSX24-45A  997.00 1.5 1.33 3.85 3.9 0.44 0.04 <0.005  4.16 6.24     Cuesta de Cura 
CRSX24-45A  1034.85 1.7 1.51 2.16 33.7 0.75 0.24 0.11 3.27 5.56     Cuesta de Cura 
CRSX24-45A  1091.50 1.5 1.07 3.99 10.8 0.03 0.01 0.02 4.15 6.22     Cuesta de Cura 
CRSX24-45A  1100.50 1.5 1.07 2.75 0.3 0.01 0.01 <0.005  2.77 4.15     Cuesta de Cura 
CRSX24-45A  1119.85 2.2 1.91 3.73 110.5 2.69 0.17 0.12 6.61 14.20  2.2m @ 6.61g/t AuEq 
(3.73g/t Au, 110.5g/t Ag, 0.17%
Cu, 0.12% Pb, 2.69% Zn) 
  Cuesta de Cura 
CRSX24-45A  1138.50 1.5 1.07 6.52 9.0 <0.005  0.02 0.02 6.66 9.99  1.5m @ 6.66g/t AuEq 
(6.52g/t Au, 9g/t Ag, 0.02%
Cu, 0.02% Pb, <0.005% Zn) 
  La Peña 
CRSX25-46  956.95 0.8 0.59 18.45 77.0 8.14 0.25 0.11 23.71 17.78  0.8m @ 23.71g/t AuEq 
(18.45g/t Au, 77g/t Ag, 0.25%
Cu, 0.11% Pb, 8.14% Zn) 
 0.8m @ 23.71g/t AuEq 
(18.45g/t Au, 77g/t Ag, 0.25%
Cu, 0.11% Pb, 8.14% Zn) 
Cuesta de Cura 
CRSX25-46  987.35 1.1 0.85 4.90 31.2 2.52 0.19 0.02 6.75 7.43    0.6m @ 10.72g/t AuEq 
(7.91g/t Au, 26.6g/t Ag, 0.09%
Cu, 0.03% Pb, 4.83% Zn) 
Cuesta de Cura 
CRSX25-46  1012.05 1.2 1.03 1.77 30.3 2.41 0.61 <0.005  4.12 4.94     Cuesta de Cura 
CRSX25-46  1039.80 14.7 11.41 3.00 15.0 0.55 0.26 <0.005  3.80 55.84  4.2m @ 7.17g/t AuEq 
(6.39g/t Au, 18.4g/t Ag, 0.34%
Cu, <0.005% Pb, 0.24% Zn) 
   1039.8 - 1044.25 Cuesta de Cura 
1044.25 - 1045.6 FG Intrusives -
hdb-bi-pl 1045.6 - 1054.5 Cuesta de Cura 
CRSX25-46  1068.40 4.3 3.31 6.56 22.8 6.46 0.14 0.09 10.21 43.39  4.2m @ 10.21g/t AuEq 
(6.56g/t Au, 22.8g/t Ag, 0.14%
Cu, 0.09% Pb, 6.46% Zn) 
 1.6m @ 21.27g/t AuEq 
(13.6g/t Au, 37.9g/t Ag, 0.11%
Cu, 0.18% Pb, 14.3% Zn) 
Cuesta de Cura 
CRSX25-46A  913.00 1.5 1.32 2.61 0.9 0.15 <0.005  <0.005  2.70 4.05     Indidura 
CRSX25-46A  917.60 4.8 3.53 0.90 7.2 2.25 0.05 0.02 2.16 10.27    0.5m @ 10.7g/t AuEq 
(1.08g/t Au, 20.8g/t Ag, 0.15%
Cu, 0.04% Pb, 18.65% Zn) 
Indidura 
CRSX25-46A  938.80 7.7 6.74 1.43 27.3 0.77 0.10 0.04 2.28 17.56     Cuesta de Cura 
CRSX25-46A  951.00 6.4 4.79 2.35 14.6 1.52 0.04 0.02 3.32 21.27  1.5m @ 5.67g/t AuEq 
(3.76g/t Au, 8.6g/t Ag, 0.01%
Cu, 0.02% Pb, 3.65% Zn) 
 0.5m @ 11.85g/t AuEq 
(8.74g/t Au, 108g/t Ag, 0.31%
Cu, 0.06% Pb, 2.92% Zn) 
Cuesta de Cura 
CRSX25-46A  985.10 0.6 0.45 21.50 28.2 7.70 0.16 0.04 25.84 15.51  0.6m @ 25.84g/t AuEq 
(21.5g/t Au, 28.2g/t Ag, 0.16%
Cu, 0.04% Pb, 7.7% Zn) 
 0.6m @ 25.84g/t AuEq 
(21.5g/t Au, 28.2g/t Ag, 0.16%
Cu, 0.04% Pb, 7.7% Zn) 
Cuesta de Cura 
CRSX25-46A  991.20 3.6 2.70 2.80 11.3 2.05 0.06 0.01 4.02 14.49  1m @ 9.69g/t AuEq 
(7.97g/t Au, 21.3g/t Ag, 0.15%
Cu, 0.01% Pb, 2.58% Zn) 
 0.5m @ 12.18g/t AuEq 
(10.25g/t Au, 32.7g/t Ag, 0.25%
Cu, 0.02% Pb, 2.46% Zn) 
Cuesta de Cura 
CRSX25-46A  1012.60 0.5 0.37 35.50 29.4 0.03 0.21 0.01 36.14 18.07  0.5m @ 36.14g/t AuEq 
(35.5g/t Au, 29.4g/t Ag, 0.21%
Cu, 0.01% Pb, 0.03% Zn) 
 0.5m @ 36.14g/t AuEq 
(35.5g/t Au, 29.4g/t Ag, 0.21%
Cu, 0.01% Pb, 0.03% Zn) 
Cuesta de Cura 
CRSX25-46A  1032.60 3.4 2.55 1.97 3.9 3.21 0.03 0.01 3.63 12.33    0.5m @ 13.17g/t AuEq 
(2.64g/t Au, 6.5g/t Ag, 0.1%
Cu, 0.01% Pb, 21% Zn) 
Cuesta de Cura 
CRSX25-46A  1054.65 1.8 1.57 16.85 2.1 <0.005  0.08 <0.005  16.99 30.58  1.8m @ 16.99g/t AuEq 
(16.85g/t Au, 2.1g/t Ag, 0.08%
Cu, <0.005% Pb, <0.005% Zn) 
 0.6m @ 36.5g/t AuEq 
(36.4g/t Au, 2.6g/t Ag, 0.05%
Cu, <0.005% Pb, <0.005% Zn) 
Cuesta de Cura 
CRSX25-46B  911.45 4.3 3.14 0.97 41.7 0.99 0.17 0.07 2.19 9.41      911.45 - 913.15 Cuesta
de Cura 913.15 - 914.75
FG Intrusives - hdb-bi-pl
914.75 - 915.75 Cuesta
de Cura 
CRSX25-46B  917.80 1.8 1.31 1.82 11.6 0.95 0.31 <0.005  2.83 5.09     Cuesta de Cura 
CRSX25-46B  947.10 7.4 5.27 3.28 15.5 2.16 0.08 0.01 4.63 34.02  2.3m @ 12.18g/t AuEq 
(9.18g/t Au, 20.7g/t Ag, 0.08%
Cu, 0.02% Pb, 5.39% Zn) 
 0.5m @ 31.87g/t AuEq 
(25.3g/t Au, 48.3g/t Ag, 0.17%
Cu, 0.04% Pb, 11.75% Zn) 
0.5m @ 24.05g/t AuEq 
(16.85g/t Au, 46.1g/t Ag, 0.2%
Cu, 0.05% Pb, 13% Zn) 
Cuesta de Cura 
CRSX25-46B  957.70 0.5 0.36 3.55 38.8 4.35 0.11 0.04 6.29 3.15     Cuesta de Cura 
CRSX25-46B  983.60 5.6 4.03 1.76 26.1 0.79 0.11 0.02 2.60 14.56  1.2m @ 6.84g/t AuEq 
(4.65g/t Au, 40.9g/t Ag, 0.21%
Cu, 0.03% Pb, 2.89% Zn) 
  Cuesta de Cura 
CRSX25-46B  1005.85 1.6 1.44 1.71 18.5 0.03 0.14 0.02 2.13 3.52     Cuesta de Cura 
CRSX25-46B  1021.90 1.6 1.40 2.86 0.8 0.13 0.04 <0.005  2.99 4.78     Cuesta de Cura 
CRSX25-46B  1027.50 1.5 1.31 2.19 3.5 0.89 0.03 <0.005  2.71 4.07     Cuesta de Cura 
CRSX25-46B  1045.50 2.2 1.56 8.84 3.5 5.92 0.03 <0.005  11.83 25.44  1.1m @ 21.2g/t AuEq 
(15.13g/t Au, 6.8g/t Ag, 0.06%
Cu, <0.005% Pb, 12.02% Zn) 
 1.1m @ 21.2g/t AuEq 
(15.13g/t Au, 6.8g/t Ag, 0.06%
Cu, <0.005% Pb, 12.02% Zn) 
Cuesta de Cura 
CRSX25-46C  970.50 1.5 1.31 10.45 3.1 0.21 0.01 0.01 10.61 15.91  1.5m @ 10.61g/t AuEq 
(10.45g/t Au, 3.1g/t Ag, 0.01%
Cu, 0.01% Pb, 0.21% Zn) 
 1.5m @ 10.61g/t AuEq 
(10.45g/t Au, 3.1g/t Ag, 0.01%
Cu, 0.01% Pb, 0.21% Zn) 
Cuesta de Cura 
CRSX25-46C  984.00 1.8 1.36 3.85 7.8 2.87 0.01 0.01 5.37 9.66  1.8m @ 5.37g/t AuEq 
(3.85g/t Au, 7.8g/t Ag, 0.01%
Cu, 0.01% Pb, 2.87% Zn) 
 0.5m @ 12.35g/t AuEq 
(9.43g/t Au, 16.3g/t Ag, 0.03%
Cu, 0.02% Pb, 5.45% Zn) 
Cuesta de Cura 
CRSX25-46C  998.00 1.5 1.31 1.16 17.7 1.25 0.04 0.04 2.05 3.07     Cuesta de Cura 
CRSX25-46C  1026.65 4.4 3.31 9.06 62.1 8.28 0.22 0.17 14.20 62.47  3.8m @ 15.83g/t AuEq 
(10.59g/t Au, 64.2g/t Ag, 0.24%
Cu, 0.18% Pb, 8.38% Zn) 
 2.4m @ 19.2g/t AuEq 
(13.01g/t Au, 81.2g/t Ag, 0.31%
Cu, 0.24% Pb, 9.68% Zn) 
Cuesta de Cura 
CRSX25-47  1059.00 2.5 1.90 3.13 4.8 0.12 0.07 <0.005  3.34 8.35      1059 - 1059.8 Porph
Intrusives - hdb-bi-pl
1059.8 - 1061.5 Cuesta
de Cura 
CRSX25-47A  757.90 0.5 0.41 6.59 35.2 0.35 0.02 0.35 7.31 3.65     Indidura 
CRSX25-47A  987.40 6.1 4.88 7.50 5.2 0.36 0.07 <0.005  7.83 47.74  4.6m @ 9.57g/t AuEq 
(9.19g/t Au, 6.6g/t Ag, 0.09%
Cu, <0.005% Pb, 0.39% Zn) 
 1.1m @ 10.48g/t AuEq 
(9.06g/t Au, 23.8g/t Ag, 0.35%
Cu, <0.005% Pb, 1.38% Zn) 
1.5m @ 21.06g/t AuEq 
(21g/t Au, 1.6g/t Ag, <0.005%
Cu, <0.005% Pb, 0.07% Zn) 
 987.4 - 988.35 FG
Intrusives - hdb-bi-pl
988.35 - 993.5 Cuesta
de Cura 
CRSX25-47A  1019.60 0.5 0.41 12.60 36.4 4.18 0.14 0.03 15.28 7.64  0.5m @ 15.28g/t AuEq 
(12.6g/t Au, 36.4g/t Ag, 0.14%
Cu, 0.03% Pb, 4.18% Zn) 
 0.5m @ 15.28g/t AuEq 
(12.6g/t Au, 36.4g/t Ag, 0.14%
Cu, 0.03% Pb, 4.18% Zn) 
Cuesta de Cura 
CRSX25-47A  1050.80 0.5 0.40 8.81 19.3 1.11 0.13 0.02 9.76 4.88     Cuesta de Cura 
CRSX25-47B  901.25 1.5 1.07 3.44 24.5 1.23 0.05 0.55 4.58 6.87     Indidura 
CRSX25-47B  1065.00 3.3 2.96 2.33 16.1 0.98 0.02 0.10 3.07 10.12     Cuesta de Cura 
CRSX25-47B  1071.50 10.5 9.43 9.42 15.6 0.35 0.03 0.05 9.83 103.22  9.1m @ 11.01g/t AuEq 
(10.6g/t Au, 17.1g/t Ag, 0.03%
Cu, 0.05% Pb, 0.33% Zn) 
 1m @ 72.62g/t AuEq 
(72.3g/t Au, 4.2g/t Ag, 0.04%
Cu, <0.005% Pb, 0.45% Zn) 
Cuesta de Cura 
CRSX25-47B  1103.60 3.6 3.18 0.91 126.1 0.20 0.25 0.17 2.86 10.14     Cuesta de Cura 
CRSX25-47B  1111.80 1.7 1.19 8.82 3.6 0.07 0.07 <0.005  8.99 15.29  1.7m @ 8.99g/t AuEq 
(8.82g/t Au, 3.6g/t Ag, 0.07%
Cu, <0.005% Pb, 0.07% Zn) 
  Cuesta de Cura 
CRSX25-47C  1072.90 0.5 0.46 18.95 57.6 1.27 0.13 0.09 20.44 10.22  0.5m @ 20.44g/t AuEq 
(18.95g/t Au, 57.6g/t Ag, 0.13%
Cu, 0.09% Pb, 1.26% Zn) 
 0.5m @ 20.44g/t AuEq 
(18.95g/t Au, 57.6g/t Ag, 0.13%
Cu, 0.09% Pb, 1.26% Zn) 
Cuesta de Cura 
CRSX25-47C  1113.50 1.5 1.38 2.49 3.2 0.13 0.04 0.01 2.65 3.97     Cuesta de Cura 
CRSX25-47C  1183.80 1.5 1.33 2.10 14.5 0.81 0.23 0.08 2.99 4.34     La Peña 
CRSX25-48A  801.30 1.7 1.32 1.43 25.7 0.50 0.03 0.74 2.26 3.84     Indidura 
CRSX25-48A  838.75 3.3 2.56 2.17 10.0 2.40 0.07 0.01 3.56 11.75     Cuesta de Cura 
CRSX25-48A  852.60 1.4 1.09 3.04 1.9 0.77 0.02 <0.005  3.46 4.84     Cuesta de Cura 
CRSX25-48A  885.30 1.4 1.13 10.55 6.4 5.91 0.06 0.01 13.61 19.06  1.4m @ 13.61g/t AuEq 
(10.55g/t Au, 6.4g/t Ag, 0.06%
Cu, 0.01% Pb, 5.91% Zn) 
 0.7m @ 20.98g/t AuEq 
(20.6g/t Au, 4.8g/t Ag, 0.05%
Cu, 0.02% Pb, 0.51% Zn) 
Cuesta de Cura 
CRSX25-48A  913.90 9.8 7.93 7.99 11.2 1.52 0.07 0.04 8.97 87.92  6.1m @ 13.83g/t AuEq 
(12.51g/t Au, 10.7g/t Ag, 0.04%
Cu, 0.06% Pb, 2.28% Zn) 
 0.5m @ 67.16g/t AuEq 
(65.6g/t Au, 18.9g/t Ag, 0.05%
Cu, 0.15% Pb, 2.49% Zn) 
0.5m @ 55.03g/t AuEq 
(51.8g/t Au, 57.1g/t Ag, 0.13%
Cu, 0.38% Pb, 4.6% Zn) 
0.6m @ 19.79g/t AuEq 
(15.1g/t Au, 20g/t Ag, 0.08%
Cu, 0.1% Pb, 8.8% Zn) 
Cuesta de Cura 
CRSX25-48A  930.45 0.6 0.49 15.30 25.9 2.90 0.13 0.05 17.22 10.33  0.6m @ 17.22g/t AuEq 
(15.3g/t Au, 25.9g/t Ag, 0.13%
Cu, 0.05% Pb, 2.9% Zn) 
 0.6m @ 17.22g/t AuEq 
(15.3g/t Au, 25.9g/t Ag, 0.13%
Cu, 0.05% Pb, 2.9% Zn) 
Cuesta de Cura 
CRSX25-48A  993.50 4.1 3.24 1.60 9.8 0.71 0.03 0.01 2.11 8.75     Cuesta de Cura 
CRSX25-48A  1001.20 1.0 0.82 4.76 19.9 0.22 0.04 0.02 5.15 5.41     Cuesta de Cura 
CRSX25-48A  1029.90 0.8 0.62 8.80 1.1 0.51 0.01 <0.005  9.08 7.27     Cuesta de Cura 
CRSX25-48A  1073.50 0.8 0.62 1.72 9.9 4.58 0.05 <0.005  4.15 3.32     Cuesta de Cura 
CRSX25-48A  1079.00 9.7 7.86 1.10 3.7 3.12 0.03 <0.005  2.71 26.19  1.1m @ 10.35g/t AuEq 
(3.61g/t Au, 5.1g/t Ag, 0.07%
Cu, 0.01% Pb, 13.4% Zn) 
 1.1m @ 10.35g/t AuEq 
(3.61g/t Au, 5.1g/t Ag, 0.07%
Cu, 0.01% Pb, 13.4% Zn) 
Cuesta de Cura 
CRSX25-48B  895.30 0.5 0.23 8.63 24.7 1.63 0.14 0.02 9.91 4.95     Indidura 
CRSX25-48B  935.50 1.5 1.39 2.90 28.5 0.07 0.19 0.01 3.51 5.27     FG Intrusives - hdb-bi-pl 
CRSX25-48B  965.70 1.6 1.49 2.03 11.1 1.75 0.04 0.02 3.08 4.93     Cuesta de Cura 
CRSX25-48B  984.35 0.6 0.29 2.86 25.5 3.83 0.05 0.02 5.11 3.32     Cuesta de Cura 
CRSX25-48B  1022.45 4.1 1.87 2.00 7.2 1.62 0.04 0.01 2.93 12.18  0.5m @ 13.83g/t AuEq 
(10.3g/t Au, 23.4g/t Ag, 0.1%
Cu, 0.02% Pb, 6.33% Zn) 
 0.5m @ 13.83g/t AuEq 
(10.3g/t Au, 23.4g/t Ag, 0.1%
Cu, 0.02% Pb, 6.33% Zn) 
Cuesta de Cura 
CRSX25-48C  810.00 5.0 4.35 4.30 34.3 0.38 0.09 0.10 5.04 25.22  5m @ 5.04g/t AuEq 
(4.3g/t Au, 34.3g/t Ag, 0.09%
Cu, 0.1% Pb, 0.38% Zn) 
  Porph Intrusives - hdb-bi-pl 
CRSX25-48C  820.00 3.0 2.61 5.58 12.5 0.57 0.04 0.02 6.06 18.19  0.6m @ 15.27g/t AuEq 
(14.45g/t Au, 39.5g/t Ag, 0.08%
Cu, 0.07% Pb, 0.46% Zn) 
 0.6m @ 15.27g/t AuEq 
(14.45g/t Au, 39.5g/t Ag, 0.08%
Cu, 0.07% Pb, 0.46% Zn) 
 820 - 820.58 Porph Intrusives
- hdb-bi-pl 820.58 - 823 Indidura 
CRSX25-48C  829.00 1.5 1.31 1.95 3.0 0.06 0.01 0.01 2.02 3.04     Indidura 
CRSX25-48D  826.30 1.7 1.53 1.43 5.6 1.29 0.04 <0.005  2.18 3.71     FG Intrusives - hdb-bi-pl 
CRSX25-48D  842.70 9.4 8.51 1.37 15.5 1.11 0.08 0.02 2.21 20.87     Indidura 
CRSX25-48D  856.80 13.2 11.87 2.20 7.2 0.98 0.05 0.01 2.83 37.37  1m @ 11.35g/t AuEq 
(9.41g/t Au, 35.7g/t Ag, 0.32%
Cu, 0.01% Pb, 2.24% Zn) 
 1m @ 11.35g/t AuEq 
(9.41g/t Au, 35.7g/t Ag, 0.32%
Cu, 0.01% Pb, 2.24% Zn) 
Indidura 
CRSX25-49  1092.50 1.5 1.19 2.89 0.3 0.01 <0.005  <0.005  2.90 4.35     Cuesta de Cura 
CRSX25-49  1173.15 0.5 0.39 4.46 5.9 3.15 0.04 0.01 6.13 3.06     La Peña 
CRSX25-49  1195.65 0.5 0.42 17.85 22.9 13.35 0.16 0.02 24.89 12.45  0.5m @ 24.89g/t AuEq 
(17.85g/t Au, 22.9g/t Ag, 0.16%
Cu, 0.02% Pb, 13.35% Zn) 
 0.5m @ 24.89g/t AuEq 
(17.85g/t Au, 22.9g/t Ag, 0.16%
Cu, 0.02% Pb, 13.35% Zn) 
La Peña 
CRSX25-49  1266.20 1.3 1.02 1.00 37.4 0.05 1.10 <0.005  2.91 3.78     La Peña 
CRSX25-49A  1056.85 1.0 0.76 9.76 71.0 4.42 0.08 0.27 12.95 12.95  1m @ 12.95g/t AuEq 
(9.76g/t Au, 71g/t Ag, 0.08%
Cu, 0.27% Pb, 4.42% Zn) 
 1m @ 12.95g/t AuEq 
(9.76g/t Au, 71g/t Ag, 0.08%
Cu, 0.27% Pb, 4.42% Zn) 
Cuesta de Cura 
CRSX25-49A  1073.40 0.5 0.47 5.91 18.7 3.88 0.03 0.03 8.09 4.45     Cuesta de Cura 
CRSX25-49A  1106.00 11.0 9.45 2.83 17.0 0.38 0.41 <0.005  3.76 41.40  3.7m @ 5.29g/t AuEq 
(4.06g/t Au, 18.6g/t Ag, 0.48%
Cu, <0.005% Pb, 0.77% Zn) 
  Cuesta de Cura 
CRSX25-49A  1148.45 1.7 1.46 0.90 34.4 0.03 0.62 <0.005  2.14 3.64     Cuesta de Cura 
CRSX25-49A  1153.90 13.6 11.63 2.73 24.9 0.33 0.42 0.01 3.73 50.58  1m @ 23.25g/t AuEq 
(21.5g/t Au, 50.4g/t Ag, 0.21%
Cu, 0.1% Pb, 1.73% Zn) 
 1m @ 23.25g/t AuEq 
(21.5g/t Au, 50.4g/t Ag, 0.21%
Cu, 0.1% Pb, 1.73% Zn) 
Cuesta de Cura 
CRSX25-49A  1188.05 1.3 1.00 2.64 6.2 1.39 0.05 0.01 3.46 4.50     Cuesta de Cura 
CRSX25-49A  1241.65 0.5 0.39 4.97 41.5 7.72 0.09 0.04 9.38 4.69     La Peña 
CRSX25-49A  1253.00 1.5 1.16 21.00 44.3 0.23 0.18 0.20 21.93 32.90  1.5m @ 21.93g/t AuEq 
(21g/t Au, 44.3g/t Ag, 0.18%
Cu, 0.2% Pb, 0.23% Zn) 
 1.5m @ 21.93g/t AuEq 
(21g/t Au, 44.3g/t Ag, 0.18%
Cu, 0.2% Pb, 0.23% Zn) 
La Peña 
CRSX25-49B  948.25 1.0 0.70 0.34 54.6 4.65 0.09 0.10 3.42 3.25     Cuesta de Cura 
CRSX25-49B  1018.25 1.5 1.12 13.97 167.9 5.97 0.11 2.37 19.79 29.69  1.5m @ 19.79g/t AuEq 
(13.97g/t Au, 167.9g/t Ag, 0.11%
Cu, 2.37% Pb, 5.97% Zn) 
 1.5m @ 19.79g/t AuEq 
(13.97g/t Au, 167.9g/t Ag, 0.11%
Cu, 2.37% Pb, 5.97% Zn) 
Cuesta de Cura 
CRSX25-49B  1076.00 2.8 2.14 1.04 12.4 2.30 0.10 0.02 2.46 7.01     Cuesta de Cura 
CRSX25-49B  1149.00 1.5 1.29 2.08 5.3 0.08 0.02 0.01 2.20 3.30     FG Intrusives - hdb-bi-pl 
CRSX25-49B  1153.60 0.9 0.73 9.18 5.0 0.87 0.04 0.02 9.73 8.27  0.9m @ 9.73g/t AuEq 
(9.18g/t Au, 5g/t Ag, 0.04%
Cu, 0.02% Pb, 0.87% Zn) 
  Cuesta de Cura 
CRSX25-49B  1167.00 1.8 1.51 2.06 6.3 0.24 0.07 <0.005  2.34 4.10     Cuesta de Cura 
CRSX25-50A  754.55 1.5 1.20 3.62 12.3 1.23 0.02 0.01 4.40 6.37     Indidura 
CRSX25-50A  776.30 0.7 0.58 5.51 60.6 2.29 0.17 0.05 7.58 5.31     Indidura 
CRSX25-50A  817.85 1.4 1.12 5.78 3.4 0.18 0.04 <0.005  5.96 8.04  1.4m @ 5.96g/t AuEq 
(5.78g/t Au, 3.4g/t Ag, 0.04%
Cu, <0.005% Pb, 0.18% Zn) 
   817.85 - 819.15 FG Intrusives
- hdb-bi-pl 819.15 - 819.2
Indidura 
CRSX25-50A  834.00 4.5 3.74 1.86 7.5 0.26 0.02 0.02 2.10 9.47      834 - 835.15 Indidura 
835.15 - 838.5 FG Intrusives
- hdb-bi-pl 
CRSX25-50A  843.45 11.6 9.61 4.77 17.0 2.20 0.12 0.01 6.21 71.70  7m @ 7.29g/t AuEq 
(6.23g/t Au, 14g/t Ag, 0.09%
Cu, 0.01% Pb, 1.58% Zn) 
 1.5m @ 12.05g/t AuEq 
(9.05g/t Au, 29.1g/t Ag, 0.14%
Cu, 0.03% Pb, 5.02% Zn) 
Indidura 
CRSX25-50A  868.50 0.9 0.63 1.65 11.0 3.92 0.07 0.01 3.79 3.41     Indidura 
CRSX25-50A  935.70 0.7 0.50 5.58 27.5 2.30 0.19 0.01 7.28 5.10     Cuesta de Cura 

Criteria: Cut off grade 2g/t AuEq, minimum length1.5m, maximum consecutive internal waste 3m, if Au grade x length > 3 the composite will be added 
Price Assumptions: Au = 1750usd oz, Ag = 21usd oz, Cu = 3.5usd lb, Zn = 1.2usd lb 

Table 2: Camino Rojo Sulphide Composite Drill Results(Composites 1g/t Au cog)

HOLE-ID  From  
(m) 
Core 
Length 
(m) 
Estimated 
True Width 
(m) 
Au g/t  Ag g/t  Cu  
% 
Pb  
% 
Zn  
% 
AuEq g/t 
(Au+Ag+Cu 
+Pb+Zn) 
b Including  
2.0g/t Au COG 
Including 
10g/t Au HG 
Litho 
CRSX24-36D  712.45 1.3 0.9 3.65 36.5 0.01 0.06 0.47 4.24 4.56  1.2m @ 4.24g/t AuEq 
(3.65g/t Au, 36.5g/t Ag, 0.01%
Cu, 0.06% Pb, 0.47% Zn) 
  Caracol 
CRSX25-46  469.40 3.4 2.5 2.42 23.4 0.01 0.29 0.21 2.82 8.24  1.8m @ 3.62g/t AuEq 
(2.9g/t Au, 41.9g/t Ag, 0.01%
Cu, 0.53% Pb, 0.39% Zn) 
  Breccia 
CRSX25-46  515.65 0.6 0.5 3.84 23.0 0.02 0.14 0.59 4.35 2.50      515.65 - 516.2 Caracol 
516.2 - 516.3 Breccia 
CRSX25-46  525.00 0.7 0.5 6.51 24.7 0.03 0.06 1.76 7.45 4.56  0.7m @ 7.45g/t AuEq 
(6.51g/t Au, 24.7g/t Ag, 0.03%
Cu, 0.06% Pb, 1.76% Zn) 
  Caracol 
CRSX25-46  529.90 1.5 1.1 2.28 16.8 0.01 0.08 0.11 2.53 3.42  1.5m @ 2.53g/t AuEq 
(2.28g/t Au, 16.8g/t Ag, 0.01%
Cu, 0.08% Pb, 0.11% Zn) 
  Caracol 
CRSX25-46  538.60 4.2 3.1 2.06 32.5 0.02 0.33 0.81 2.80 8.67  1.5m @ 4.7g/t AuEq 
(3.28g/t Au, 58.4g/t Ag, 0.03%
Cu, 0.59% Pb, 1.75% Zn) 
  Caracol 
CRSX25-46  550.00 1.2 0.9 1.43 12.5 0.01 0.11 0.12 1.64 1.71     Caracol 
CRSX25-46  563.10 1.4 1.0 9.53 38.2 0.04 0.26 0.14 10.11 13.34  1.4m @ 10.11g/t AuEq 
(9.53g/t Au, 38.2g/t Ag, 0.04%
Cu, 0.26% Pb, 0.14% Zn) 
 0.6m @ 16.08g/t AuEq 
(15.6g/t Au, 33.1g/t Ag, 0.07%
Cu, 0.03% Pb, 0.08% Zn) 
Caracol 
CRSX25-47  403.10 4.5 3.4 4.79 8.4 0.00 0.07 0.14 4.94 21.54  1.5m @ 13.42g/t AuEq 
(13g/t Au, 21.7g/t Ag, 0%
Cu, 0.19% Pb, 0.38% Zn) 
 1.5m @ 13.42g/t AuEq 
(13g/t Au, 21.7g/t Ag, 0%
Cu, 0.19% Pb, 0.38% Zn) 
 403.1 - 404.55 Breccia 
404.55 - 407.6 Caracol 
CRSX25-47  412.85 1.5 1.1 2.48 2.6 0.00 0.00 0.02 2.52 3.72  1.5m @ 2.52g/t AuEq 
(2.48g/t Au, 2.6g/t Ag, 0%
Cu, 0% Pb, 0.02% Zn) 
  Caracol 
CRSX25-47  516.50 1.5 1.1 1.46 52.9 0.01 0.42 0.17 2.19 2.19     Caracol 
CRSX25-47  531.65 7.4 5.5 1.36 79.7 0.02 0.52 0.85 2.66 10.00  1.1m @ 12.62g/t AuEq 
(6.26g/t Au, 402g/t Ag, 0.12%
Cu, 2.28% Pb, 3.93% Zn) 
  Caracol 
CRSX25-47  549.00 1.1 0.8 2.16 79.2 0.02 0.82 0.86 3.53 2.38     Caracol 
CRSX25-47  571.70 0.9 0.7 8.57 34.8 0.01 0.07 0.12 9.01 7.71  0.9m @ 9.01g/t AuEq 
(8.57g/t Au, 34.8g/t Ag, 0.01%
Cu, 0.07% Pb, 0.12% Zn) 
  Caracol 
CRSX25-47  654.95 0.8 0.6 14.45 118.0 0.04 1.43 1.25 16.54 12.28  0.8m @ 16.54g/t AuEq 
(14.45g/t Au, 118g/t Ag, 0.04%
Cu, 1.42% Pb, 1.25% Zn) 
 0.8m @ 16.54g/t AuEq 
(14.45g/t Au, 118g/t Ag, 0.04%
Cu, 1.42% Pb, 1.25% Zn) 
Caracol 
CRSX25-48C  566.40 1.8 1.6 6.54 22.4 0.04 0.21 0.94 7.21 11.77  1.8m @ 7.21g/t AuEq 
(6.54g/t Au, 22.4g/t Ag, 0.04%
Cu, 0.21% Pb, 0.94% Zn) 
  Caracol 
CRSX25-48C  706.00 3.0 2.6 1.33 2.4 0.01 0.00 0.10 1.40 3.92     Breccia 
CRSX25-48C  736.50 1.5 1.3 1.61 7.7 0.01 0.00 0.08 1.74 2.42     Caracol 
CRSX25-48C  744.00 1.5 1.3 1.05 0.6 0.01 0.00 0.10 1.10 1.58     Caracol 
CRSX25-48C  763.50 8.1 7.0 1.04 3.3 0.02 0.00 0.19 1.16 8.41  1.8m @ 2.52g/t AuEq 
(2.44g/t Au, 2g/t Ag, 0.02%
Cu, 0% Pb, 0.11% Zn) 
  Caracol 
CRSX25-48C  784.00 14.7 12.8 2.01 14.1 0.03 0.03 0.42 2.39 29.51  10.1m @ 2.57g/t AuEq 
(2.29g/t Au, 13.8g/t Ag, 0.03%
Cu, 0.01% Pb, 0.27% Zn) 
   784 - 796.5 Caracol 
796.5 - 798.7 Indidura 
CRSX25-48D  772.50 13.8 10.0 2.39 25.8 0.08 0.02 1.53 3.34 33.04  11m @ 3.9g/t AuEq 
(2.79g/t Au, 28.8g/t Ag, 0.09%
Cu, 0.02% Pb, 1.83% Zn) 
 0.7m @ 27.89g/t AuEq 
(24.3g/t Au, 56.1g/t Ag, 0.2%
Cu, 0.04% Pb, 7.75% Zn) 
 772.5 - 775.3 Caracol 
775.3 - 786.3 Indidura 
CRSX25-49  658.00 1.5 1.3 1.15 6.6 0.01 0.01 0.03 1.24 1.72     Caracol 

Criteria: Cut off grade 1g/t Au, minimum length1.5m, maximum consecutive internal waste 6m, if Au grade x length > 1.5 the composite will be added 
Price Assumptions: Au = 1750usd oz, Ag = 21usd oz, Cu = 3.5usd lb, Zn = 1.2usd lb 

Table 3: Camino Rojo Sulphide Extension Drill HoleCollars 

HOLE-ID  Easting  Northing  Elevation  Azimuth  Dip  Depth (m) 
CRSX24-36D  243305.3 2676111.1 1957.9 139.7 -57.99 1551.0
CRSX24-41A  242688.5 2675949.1 1963.6 113.3 -62.20 1557.3
CRSX24-42B  243090.2 2675954.9 1960.3 147.0 -69.90 1616.0
CRSX24-44A  243397.5 2675996.6 1955.4 173.4 -73.47 1531.4
CRSX24-45A  243414.5 2675988.9 1955.7 121.2 -76.50 1550.3
CRSX25-46  243501.1 2676087.7 1954.8 161.0 -73.00 1094.7
CRSX25-46A  243501.1 2676087.7 1954.8 147.6 -65.27 1062.9
CRSX25-46B  243501.1 2676087.7 1954.8 133.2 -57.24 1092.7
CRSX25-46C  243501.1 2676087.7 1954.7 163.7 -62.20 1057.3
CRSX25-47  243397.2 2675997.8 1955.5 152.0 -75.00 1101.0
CRSX25-47A  243397.2 2675997.8 1955.5 136.8 -65.50 1068.2
CRSX25-47B  243397.2 2675997.8 1955.5 195.0 -72.66 1202.3
CRSX25-47C  243397.2 2675997.8 1955.5 180.3 -78.83 1265.7
CRSX25-48A  243589.8 2676191.2 1954.1 117.0 -66.50 1119.3
CRSX25-48B  243589.8 2676191.2 1954.1 133.6 -32.02 1049.1
CRSX25-48C  243589.8 2676191.2 1954.1 124.5 -49.52 905.2
CRSX25-48D  243589.8 2676191.2 1954.1 151.9 -55.43 886.8
CRSX25-49  243306.9 2676110.8 1957.3 145.0 -70.00 1296.2
CRSX25-49A  243306.9 2676110.8 1957.3 145.5 -62.55 1259.7
CRSX25-49B  243306.9 2676110.8 1957.3 132.3 -54.70 1218.1
CRSX25-50A  243599.6 2676109.6 1953.6 116.4 -63.75 991.9
  ________________________________________________________
               

 

  1 Underground resource panels are geologically and spatially defined volumes that include internal dilution, built using mineralized wireframes, minimum width and continuity, and are constrained by cut-off grade. They represent potential underground mining blocks and support Mineral Resource estimation and RPEEE by approximating what could eventually be mined or recovered given Mineral Resources technical and economic constraints.
  2 Metal prices used in gold equivalent calculation: Au = $1,750/oz, Ag = $21/oz, Zn = $1.20/lb, Pb = $0.90/lb, Cu = $3.50/lb. See "Gold Equivalent Calculation" below for additional information. All prices in USD. All composites are in Zone 22.

SOURCE Orla Mining Ltd.

 

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CO: Orla Mining Ltd.

CNW 06:00e 07-AUG-25