The 2022 Cerro Quema exploration program will consist of infill and expansion drilling of known deposits, drill testing exploration targets defined by recent geochemical soil sampling, geophysical Induced Polarization (IP) surveys, bedrock mapping and prospecting, and historical drilling. In total, 11,700m of drilling is planned in 2022 for Panama.
Caballito Deposit Infill and Expansion Drill Program:
Infill and expansion drilling at Caballito, and more limited drilling at La Pava and Quemita, will be directed at converting resources from the inferred resource to indicated resource category, provide material for metallurgical testing, and test the continuity of mineralization and potential extensions of these deposits. The first resource estimates of copper-gold sulphide mineralization at La Pava and Quemita is planned for late 2022.
Cerro Quema Regional Exploration:
Exploration target drill testing is planned to the north of the Quemita deposit to follow-up on hole CQDH-17-112 (previously reported), which intersected 76.5m at 0.87% Cu, 0.15 g/t Au (from 68.0m to 144.5m).
Drilling is also planned at the La Pelona target, which has a similar geophysical signature and geological context to La Pava and Quemita and has limited historical drilling. Drilling will be following up on historical drilling, which intersected oxide mineralization from surface, including 0.23 g/t Au over 138m, and boulder samples which have returned assays of up to 1.8 g/t Au.
South of the regional Joaquin Fault, La Prieta will also be drill tested. La Prieta is defined by a 1.4 km diameter IP chargeability anomaly with coincident Au, Cu, and Mo in-soil and in-rock geochemical anomalies which may be indicative of porphyry-style Cu-Au mineralization.
Other regional targets such as the Quemita Norte’s Cu-in-soil anomaly and Monte Bonito, which is north-east of Quemita, will also be considered for drilling in 2022.
 See the Company’s August 23, 2017 news release titled “Orla Provides Update on its Projects”, for full detail on the drill program upon which this drill result was based.
 These drill intercepts and boulder samples are historical in nature and are not treated by the Company as current. Such results were completed by Cyprus Minerals Company, a prior owner of the Cerro Quema Project, prior to the adoption of NI 43-101. The Company is conducting drilling to verify these historical results.