Orvana Minerals (TSX:ORV) announces results of Phase 1 drilling campaign at the Taguas Project

Orvana Minerals (ORV) has completed Phase I of its infill and resource-growth drilling campaign at the Taguas Project in Argentina
Juan Gavidia, CEO or Orvana sat down with Coreena Robertson to discuss the results
The infill and growth drilling program consisted of 41 holes totalling 6,482.6 meters
Mineralization encountered in all 41 holes
A five-month Phase II is scheduled to start in November
Orvana is a multi-mine gold-copper-silver company
Orvana Minerals Corp. (ORV) opened trading at C$0.295

Orvana Minerals (ORV) has completed Phase I of an infill and resource-growth drilling campaign at its Taguas Project in Argentina.

The campaign targeted the Oxides Horizon.

A five-month final Phase II is expected to start in November 2022.

Phase I consisted of 6,482.6 meters in 41 diamond drill holes with over 4,900 assay samples.

Juan Gavidia, CEO or Orvana sat down with Coreena Robertson to discuss the results.

“The DDH’s average drilling results and key intercepts continue to support Orvana’s Oxides development strategy for our Taguas multimillion-ounce Au-Ag Oxides-Sulfides Project. Also, the decision to incorporate the satellite higher-grade Cerro Campamento Sector will be key to improving project economics. We are excited, and eagerly awaiting, resource re-modeling by July 2022. Completion of Phase II will be the foundation of the 43-101 Pre-Feasibility Study for our Oxides Project in Taguas.”

Highlights:

Phase I infill and growth drilling program on Taguas Oxides completed (41 holes totaling 6,482.6 meters).
Mineralization encountered in all 41 holes.
Grades generally equaling-improving average previous resource grades included in the Taguas 2021 PEA.
Best drilling results included:
- TADD244: 61.2 meters @ 0.82 g/t Au and 16.59 g/t Ag
- TADD265: 72.8 meters @ 0.46 g/t Au and 6.04 g/t Ag
- TADD274: 27.7 meters @ 2.51 g/t Au and 10.61 g/t Ag
Potential to reduce strip ratio in next open pit re-design.
Phase II infill and growth drilling program expected to start in November 2022: additional 11,000 meters in Cerros Taguas Sector and 3,000 meters in Cerro Campamento Sector.

Orvana is a multi-mine gold-copper-silver company. Orvana’s assets consist of the producing El Valle and Carlés gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, currently in care and maintenance, and the Taguas property located in Argentina.

Orvana Minerals Corp. (ORV) opened trading at C$0.295.