Showcase Minerals Announces New Geophysical Data Supports Gold Drill Targets on Trend with Dark Star Deposit [Yahoo! Finance]
Orla Mining Ltd. Common Shares (ORLA)
Company Research
Source: Yahoo! Finance
Controlled Source Audio Magnetotelluric (CSAMT) survey at its Dixie Flats-North Star Gold Project located in Nevada. The program encompassed five CSAMT lines for a combined length of 7.3 miles and has been integrated with the already large body of work completed on the project. The largest gold intercepts on the project to date are found along two major geological structures on trend with Orla Mining Ltd.'s Dark Star Gold Deposit that were targeted in the geophysical survey. Strong agreement was found between the CSAMT data collected in 2017 and the new CSAMT data as shown in figure 1. The new CSAMT data significantly improved confidence in the location of the two geologic structures of interest since resistivity values from the 2017 and 2023 CSAMT surveys are consistent. As a result, Showcase has identified excellent drill targets at the intersection of these two structures, as shown in figure 2. The next phase of the project will be getting a Notice of Intent exploration permit fr
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