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Orla Mining Ltd.

09:44 AM EST - Orla Mining Ltd. : Provided an update on its near-pit exploration activities at Camino Rojo completed in the second half of 2023. In 2023, Orla completed 6,500 metres of drilling near the Camino Rojo Oxide Mine in Mexico to define additional oxide mineralization near the open pit. This near-pit exploration included 2,500 metres of drilling to confirm oxide gold mineralization on the Fresnillo plc property, located immediately north of and adjacent to the Camino Rojo Oxide Mine open pit, and 4,000 metres of drilling targeting the extension of oxide gold mineralization hosted by key structures controlling deeper levels of oxide mineralization within and beyond the currently designed oxide open pit. An updated resource is planned for the first half of 2024, incorporating, for the first-time, mineral resources in the Layback Area. Orla Mining Ltd. shares T.OLA are trading up $0.07 at $4.30.