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Orla Acquires Monitor Gold Exploration Project in Central Nevada
Jan. 26, 2018 09:09AM PST
Gold InvestingOrla Mining (TSX VENTURE:OLA) (“Orla” or the “Company”) is pleased to announce that it has entered into an agreement to acquire up to a 100% interest in the Monitor Gold exploration project (the “Project”) consisting of 340 claims covering approximately 2,800 hectares in central Nevada. The Project covers zones with silicification and samples with anomalous …
Orla Mining (TSX VENTURE:OLA) (“Orla” or the “Company”) is pleased to announce that it has entered into an agreement to acquire up to a 100% interest in the Monitor Gold exploration project (the “Project”) consisting of 340 claims covering approximately 2,800 hectares in central Nevada. The Project covers zones with silicification and samples with anomalous gold in both Paleozoic carbonate rocks and overlying Tertiary volcanic rocks along a 40 km long belt. The Project features similar Paleozoic stratigraphic formations and silicic Cenozoic volcanic rocks that host large gold deposits elsewhere in Nevada.
Marc Prefontaine, the President and CEO stated:
“The primary focus for Orla is to secure and develop advanced gold projects. But we always consider any precious metal opportunity that has potential to significantly enhance shareholder value.
Our exploration team determined that the Mountain Gold Project vendor had assembled a very high-quality land package and an extensive data package that included results from various exploration efforts by different companies.”