Orvana Minerals Corp. is pleased to announce that it has filed on SEDAR a National Instrument 43-101 (“NI 43-101”) compliant, independent technical report (the “Report “) on its Taguas Project in Argentina.
Highlights of the updated Taguas 43 101 technical report filed include:
There are no material differences in the Report from those results disclosed in the Company’s press release dated July 5, 2021.
The Report was filed on July 28, 2021, with an effective date of June 30, 2021, and is entitled “Independent Technical Report NI 43-101 on the Taguas Project, San Juan, Argentina“. The Report, prepared in accordance with National Instrument 43-101 – “Standards of Disclosure for Mineral projects,” provides an update on the mineral resource estimate initially assessed in the preliminary economic assessment entitled, “Taguas Oxide Gold-Silver Project, San Juan, Argentina, Preliminary Economic Assessment, NI 43-101 Technical Report,” effective May 14, 2019. The Report is available for review on SEDAR (www.sedar.com) and on the Company’s website (www.orvana.com).
The Report was prepared for Orvana Argentina, S.A. by Geosim Services Inc. (Vancouver). The mineral resource estimate contained in the Report was completed by Ronald Simpson P.Geo. (Geosim Services Inc.).
“We are pleased to successfully complete another milestone of our overall strategy, by delivering the Taugas report, which confirms the increased inferred mineral resource estimate to 133.6 milliontonnes of mineralization, at 0.60 g/t gold equivalent. We expect a new preliminary economic assessment report by late 2021, which will provide an updated economic analysis of the potential viability of Taguas’ mineral resources, setting the stage for the next steps of development” stated Juan Gavidia, CEO of Orvana.
Signed by Qualified Persons:
Quality Control:
All technical data contained in this news release has been reviewed and approved by Ronald G. Simpson, P.Geo., a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
ABOUT ORVANA – 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. Additional information is available at Orvana’s website (www.orvana.com).