Announcement Date: 2022-07-18
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Orvana Minerals Corp.
Project name: Orovalle
Location: Spain
Commodities: Gold
Highlight: Drilling results incl. 6.05m @ 22.16g/t Au from 271.45m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, ONTARIO, July 18, 2022 – Orvana Minerals Corp. (TSX:ORV) (the “Company” or “Orvana”) is pleased to report production results and drilling updates from Orovalle, Orvana’s unit in Spain, for the third quarter of fiscal year 2022 ended June 30, 2022 (“Q3 FY2022”). The Ortosa-Godán Project is located three kilometers northwest of the Carles mine, at the same gold belt. Orovalle started an exploration drilling program in Ortosa West at the end of August 2021 in order to define the skarn continuity and verify the oxide mineralization related to N40ºE structures. The Company disclosed first quarter fiscal 2022 results in the press release dated January 18, 2022. During Q2 FY2022, 426 meters were completed in one drill hole and during Q3 FY2022, 1,337 meters were completed in three drill holes, one of them still ongoing. These drill holes were planned to intersect mineralization throughout N40ºE direction. Drill hole 22ORW07 intercepted 6.05 m with 22.16 g/t Au and 1.60 m with 27.43 g/t Au. These results confirm the continuity of the mineralization along 250 m NortheastSouthwest trend (see Figure 2). Calcic skarn with sulfides (arsenopyrite mainly) and mineralized silicified breccias were intersected.
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