Assets
Reserves and Resources
Mineral Reserves
Proven Probable Proven and Probable GOLD (Au) 000's g/t koz 000's g/t koz 000's g/t koz Mexico (including stockpiles) Camino Rojo (Oxide) 16,782 0.78 422 41,681 0.73 975 58,463 0.74 1,397 Panama Cerro Quema (Oxide) - - - 21,700 0.80 562 21,700 0.81 562 USA (Nevada) South Railroad (Oxide) 8,960 1.17 333 56,239 0.72 1,271 65,199 0.77 1,604 Total Reserves (Au) 25,743 0.92 755 119,620 0.74 2,808 145,363 0.76 3,563 Proven Probable Proven and Probable SILVER (Ag) 000's g/t koz 000's g/t koz 000's g/t koz Mexico Camino Rojo (Oxide) 16,782 15.6 8,433 41,681 15.1 20,280 58,463 15.3 28,713 Panama Cerro Quema (Oxide) - - - 21,700 2.2 1,526 21,700 2.2 1,526 USA (Nevada) South Railroad (Oxide) 8,960 N/A 437 56,239 N/A 5,700 65,199 N/A 6,137 Total Reserves (Ag) 25,743 N/A 8,870 119,620 N/A 27,506 145,363 N/A 36,376 Measured and Indicated Mineral Resources
Measured Indicated Measured & Indicated GOLD (Au) 000's g/t koz 000's g/t koz 000's g/t koz Mexico Camino Rojo (Oxide) 17,923 0.76 437 66,432 0.71 1,515 84,355 0.72 1,952 Camino Rojo (Sulphide) 3,358 0.69 74 255,445 0.88 7,221 258,803 0.88 7,296 Panama Cerro Quema (Oxide) - - - 34,270 0.64 708 34,270 0.64 708 Cerro Quema (Sulphide) - - - 31,952 0.31 315 31,952 0.31 315 USA (Nevada) South Railroad (Oxide) 9,561 1.13 343 65,450 0.69 1,410 75,011 0.73 1,753 South Railroad (Sulphide) - - - 311 3.09 31 311 3.09 31 Total M&I Resources (Au) 30,842 0.87 854 453,860 0.77 11,200 484,702 0.77 12,055 Measured Indicated Measured & Indicated SILVER (Ag) 000's g/t koz 000's g/t koz 000's g/t koz Mexico Camino Rojo (Oxide) 17,923 15.2 8,756 66,432 12.5 26,745 84,355 13.1 35,501 Camino Rojo (Sulphide) 3,358 9.1 997 255,445 7.4 60,606 258,803 7.4 61,603 Panama Cerro Quema (Oxide) - - - 34,270 2.1 2,265 34,270 2.1 2,265 Cerro Quema (Sulphide) - - - 31,952 2.2 2,260 31,952 2.2 2,260 USA (Nevada) South Railroad (Oxide) 2,336 6.5 488 41,193 5.0 6,617 43,529 5.1 7,105 Total M&I Resources (Ag) 23,617 N/A 10,241 429,292 N/A 98,493 452,910 N/A 108,734 Measured Indicated Measured & Indicated LEAD (Pb) 000's % Mlbs 000's % Mlbs 000's % Mlbs Mexico Camino Rojo (Sulphide) 3,358 0.13% 9.3 255,445 0.07% 404.3 258,803 0.07% 413.6 Total M&I Resources (Pb) 3,358 0.13% 9.3 255,445 0.07% 404.3 258,803 0.07% 413.6 Measured Indicated Measured & Indicated ZINC (Zn) 000's % Mlbs 000's % Mlbs 000's % Mlbs Mexico Camino Rojo(Sulphide) 3,358 0.38% 28.2 255,445 0.26% 1,468.7 258,803 0.26% 1,496.9 Total M&I Resources (Zn) 3,358 0.38% 28.2 255,445 0.26% 1,468.7 258,803 0.26% 1,496.9 Measured Indicated Measured & Indicated COPPER (Cu) 000's CuEq% Cu % CuEq Mlbs Cu Mlbs 000's CuEq% Cu % CuEq Mlbs Cu Mlbs 000's CuEq% Cu % CuEq Mlbs Cu Mlbs Panama Cerro Quema (Sulphide) - - - - - 31,952 0.96% 0.83% 676.0 585.0 31,952 0.96% 0.83% 676.0 585.0 - - - - - 31,952 0.96% 0.83% 676.0 585.0 31,952 0.96% 0.83% 676.0 585.0 Total M&I Resources (Cu) Inferred Mineral Resources
GOLD (Au) 000's g/t koz Mexico Camino Rojo (Oxide) 4,179 0.91 118 Camino Rojo (Sulphide) 56,564 0.87 1,577 Panama Cerro Quema (Oxide) 7,482 0.33 80 Cerro Quema (Sulphide) 22,569 0.21 155 USA (Nevada) South Railroad (Oxide) 18,662 0.45 271 South Railroad (Sulphide) 3,601 3.87 448 Total Inferred Resources (Au) 113,056 0.73 2,649 SILVER (Ag) 000's g/t koz Mexico Camino Rojo (Oxide) 4,179 5.8 772 Camino Rojo (Sulphide) 56,564 7.5 13,713 Panama Cerro Quema (Oxide) 7,482 2.4 569 Cerro Quema (Sulphide) 22,569 1.2 856 USA (Nevada) South Railroad (Oxide) 18,662 N/A 92 South Railroad (Sulphide) - - - Total Inferred Resources (Ag) 109,456 N/A 16,002 LEAD (Pb) 000's % Mlb Mexico Camino Rojo (Sulphide) 56,564 0.05% 63.1 Total Inferred Resources (Pb) 56,564 0.05% 63.1 ZINC (Zn) 000's % Mlb Mexico Camino Rojo (Sulphide) 56,564 0.23% 290.4 Total Inferred Resources (Zn) 56,564 0.23% 290.4 Inferred COPPER (Cu) 000's CuEq% Cu % CuEq Mlbs Cu Mlbs Panama Cerro Quema (Sulphide) 22,569 0.85% 0.77% 425.0 381.0 Total Inferred Resources (Cu) 22,569 0.85% 0.77% 425.0 381.0 Note: due to a lack of silver outside Pinion in Nevada, consolidated silver Reserves and Resources are reported without a silver grade (N/A) to avoid reporting erroneous average silver grade.
The Mineral Reserve and Mineral Resource estimates reported on this website were prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”), as required by Canadian securities regulatory authorities.
For further details with respect to the scientific and technical information contained in this document:
For Camino Rojo: “Camino Rojo Project Feasibility Study NI 43-101 Technical Report” dated effective June 25, 2019 and “Unconstrained Feasibility Study NI 43-101 Technical Report on the Camino Rojo Gold Project – Municipality of Mazapil, Zacatecas, Mexico” dated January 11, 2021
For Cerro Quema and Caballito refer to: “Project Pre-Feasibility Updated NI 43-101 Technical Report on the Cerro Quema Project” dated January 18, 2022.
For South Railroad: "Gold Standard’s NI 43-101 Technical Report titled “South Railroad Project, Form 43-101F1 Technical Report Feasibility Study, Elko County, Nevada” dated March 14, 2022 and an effective date of February 23, 2022.
The detailed technical report is available on SEDAR under the Company's profile at www.sedar.com and at on Orla’s website at www.orlamining.com.
Mr. J. Andrew Cormier, P. Eng., and Mr. Sylvain Guerard, P. Geo., who are the Qualified Persons as defined under NI 43-101 standards, reviewed and approved the technical information and data included in this website and has verified that no limitations were imposed on his verification process of the website. The information contained herein is subject to all of the assumptions, qualifications and procedures set out in each of the technical reports and reference should be made to the full details of the technical reports.
