ORVANA ANNOUNCES TAGUAS PROJECT PHASE I INFILL & GROWTH DRILLING RESULTS

<br /> ORVANA ANNOUNCES TAGUAS PROJECT PHASE I INFILL & GROWTH DRILLING RESULTS<br />

ORVANA ANNOUNCES TAGUAS PROJECT PHASE I INFILL & GROWTH DRILLING RESULTS

PR Newswire



TORONTO


,


June 6, 2022


/PRNewswire/ –

Orvana Minerals Corp.

(TSX: ORV)

(the “Company” or “Orvana”)

is pleased to announce the recent completion of Phase I of its infill and resource-growth drilling campaign targeting the Oxides Horizon (”

Oxides

“) of its 100%-owned Taguas Project in

San Juan Province

,

Argentina

. A five-month final Phase II is expected to start in

November 2022

.

Phase I consisted of 6,482.6 meters in 41 diamond drill holes (DDH’s), with over 4,900 assay samples. The main goal of the program was to upgrade Cerros Taguas Oxides Sector to Measured & Indicated Resource categories, as those terms are defined in

National Instrument 43-101 – Standards of Disclosure for Mineral Projects

(”

NI 43-101

“) while moderately expanding the ore tonnage previously reported in the Company’s NI 43-101 compliant Taguas preliminary economic assessment report dated

December 29, 2021

and filed on SEDAR on

February 11, 2022

(the ”

Taguas 2021 PEA

“). The second goal was to incorporate satellite Cerro Campamento Sector into the Oxides scope, going forward.


“The DDH’s average drilling results and key intercepts continue to support Orvana’s Oxides development strategy for our Taguas multimillion-ounce Au-Ag Oxides-Sulfides Project. Also, the decision to incorporate the satellite higher-grade Cerro Campamento Sector will be key to improving project economics. We are excited, and eagerly awaiting, resource re-modeling by

July 2022

. Completion of Phase II will be the foundation of the 43-101 Pre-Feasibility Study for our Oxides Project in Taguas”,

said Orvana CEO

Juan Gavidia

.



Highlights:

  • Phase I infill and growth drilling program on Taguas Oxides completed (41 holes totaling 6,482.6 meters).
  • Mineralization encountered in all 41 holes.
  • Grades generally equaling-improving average previous resource grades included in the Taguas 2021 PEA.
  • Best drilling results included:
    • TADD244: 61.2 meters @ 0.82 g/t Au and 16.59 g/t Ag
    • TADD265: 72.8 meters @ 0.46 g/t Au and   6.04 g/t Ag
    • TADD274: 27.7 meters @ 2.51 g/t Au and 10.61 g/t Ag
  • Potential to reduce strip ratio in next open pit re-design.
  • Phase II infill and growth drilling program expected to start in

    November 2022

    : additional 11,000 meters in Cerros Taguas Sector and 3,000 meters in Cerro Campamento Sector.



Drilling Program Overview:

Phase I was conducted between

late-December 2021

and

mid-May 2022

. Out of the total 41 drill holes drilled in Phase I, assay results from the first 12 holes (TADD237 to TADD248) were outlined in Orvana’s

March 31, 2022

news release. The assay results for the subsequent 29 holes are summarized in Table 1 and Table 2 of this news release.

Phases I & II results to be used for Taguas Oxides prefeasibility studies purposes.


Cerros Taguas

  • 34 core holes totaling 5,748.6 meters drilled.
  • Targets:
    • Oxides mineralization upgrade to Measured and Indicated categories.
    • Resource growth with oxides extensions to the northeast and northwest.
    • Resource growth in areas within the pit proposed in the Taguas 2021 PEA that were outside the block model due to lack of drilling (e.g., TADD246 and TADD249 in Figure 1).
  • Table 1, below, shows promising results, identifying thicker high-grade structures than previously modeled:
    • 27.7 meters @ 2.51 g/t Au and 10.61 g/t Ag
    • 14.0 meters @ 1.38 g/t Au and 10.42 g/t Ag
    • 72.8 meters @ 0.46 g/t Au and  6.04 g/t Ag
  • Under-drilled area inside Taguas 2021 PEA open pit model is now preliminarily showing a high possibility to improve mining strip ratio.
  • High grade structures like the ones intercepted in TADD258 leave open the possibility of increasing resources towards the northeast.
  • Phase II (additional 11,000 meters) is expected to be completed by

    March 2023

    .


Cerro Campamento

  • 7 core holes totaling 734 meters drilled.
  • Focused on defining the shallower part of high gold grade oxides, which can potentially be mined by open pit.
  • First interpretations show the existence of a low-grade envelope around high-grade veins. Additional drilling is necessary to continue delineating shallower parts of high gold grade veins; with the aim for open pit mining modeling.
  • Best intercepts shown in Table 2. Highlights:
    • 7.0 meters   @ 3.07 g/t Au and 31.03 g/t Ag
    • 23.5 meters @ 0.72 g/t Au and 31.51 g/t Ag
    • 11.3 meters @ 0.59 g/t Au and 24.06 g/t Ag
  • Phase II (additional 3,000 meters) is expected to be completed by

    March 2023

    .



Quality Assurance-Quality Control (“QA/QC”)

Samples were prepared and analyzed by Alex Stewart International Argentina SA Laboratory in Mendoza. This laboratory is ISO 9001; ISO 17025, and ISO 14001 certified. Samples were prepared following the P-5 laboratory preparation code: the samples were dried, crushed to passing 10 mesh (>80%), riffle split of 1kg sample and pulverized to 106 microns (>95%). The assays included 50 g Au by fire assay (FA), AA finish and 39 element package with aqua regia dilution and ICP OES finish. Over limits for Au and Ag were run in 50 g sample by FA and gravimetric method finish. Coarse and pulp rejects were returned and are stored in the Piuquenes storage facilities.

The reported work has been completed using industry standard procedures, including a quality assurance/quality control (“QA/QC”) program consisting of the insertion of quarter core field duplicates, coarse duplicates split after laboratory crushing, pulp duplicates split after laboratory pulverization, coarse analytical blank samples and 2 different CRMs inserted in batches of roughly 50 samples.

The exploration update was prepared under the supervision of Raúl

Alvarez Cifuentes

, a qualified person for the purposes of NI 43-101 and an employee of the company.



Table 1 – Intercepts from Cerros Taguas

The assay results from the first 12 holes (TADD237 to TADD248) were outlined in the news release dated

March 31, 2022

. The assay results for the subsequent 29 holes are summarized below:




DDH





FROM





TO





Downhole

length





True

width*





Au (g/t)





Ag (g/t)





Cu (%)





Ore Type



TADD249


18.20


40.30


22.10


14.37


0.28


10.77


0.02


Oxide


TADD249


111.50


114.20


2.70


1.76


0.25


22.15


0.03


Oxide


TADD250


59.00


67.00


8.00


5.20


0.26


7.12


0.10


Oxide


TADD250


157.00


163.00


6.00


3.90


1.61


122.43


0.44


Sulfide


TADD251


8.00


10.00


2.00


1.30


0.25


2.30


<0.01


Oxide


TADD251


21.00


34.20


13.20


8.58


0.23


2.27


0.01


Oxide


TADD251


61.00


62.00


1.00


0.65


0.77


1.50


<0.01


Oxide


TADD251


82.40


135.00


52.60


34.19


0.44


4.31


<0.01


Oxide


TADD251


143.40


148.80


5.40


3.51


0.32


6.20


0.02


Oxide


TADD251


158.10


160.30


2.20


1.43


0.27


1.20


0.01


Oxide


TADD252


43.50


48.50


5.00


3.25


0.21


13.87


<0.01


Oxide


TADD252


81.10


83.60


2.50


1.63


0.21


6.32


0.01


Oxide


TADD252


103.60


107.15


3.55


2.31


0.31


6.94


<0.01


Oxide


TADD252


111.50


113.70


2.20


1.43


0.27


6.46


<0.01


Oxide


TADD252


132.55


135.10


2.55


1.66


0.61


12.26


<0.01


Oxide


TADD252


138.90


144.00


5.10


3.32


1.54


26.52


0.11


Sulfide


TADD253


18.00


20.00


2.00


1.30


0.24


7.10


<0.01


Oxide


TADD253


24.95


57.90


32.95


21.42


0.56


5.11


<0.01


Oxide


TADD253


81.45


101.20


19.75


12.84


0.23


6.89


0.03


Oxide


TADD254


8.00


24.40


16.40


10.66


0.30


11.58


<0.01


Oxide


TADD254


34.20


37.35


3.15


2.05


0.35


5.40


<0.01


Oxide


TADD254


68.90


75.20


6.30


4.10


0.29


7.63


0.04


Oxide


TADD254


92.20


128.00


35.80


23.27


0.39


3.51


<0.01


Oxide


TADD254


132.60


134.45


1.85


1.20


0.68


12.50


<0.01


Oxide


TADD254


146.40


149.00


2.60


1.69


0.67


29.58


0.66


Sulfide


TADD254


162.45


185.00


22.55


14.66


0.49


15.03


0.19


Sulfide


TADD256


2.00


6.00


4.00


2.60


0.25


10.05


<0.01


Oxide


TADD256


42.80


44.50


1.70


1.11


1.00


71.10


0.01


Oxide


TADD258


77.45


79.30


1.85


1.20


0.42


21.40


0.01


Oxide


TADD258


121.80


124.80


3.00


1.95


24.99


29.20


0.02


Oxide


TADD259


0.00


2.80


2.80


1.82


0.38


3.20


<0.01


Oxide


TADD259


47.30


50.30


3.00


1.95


0.21


9.59


<0.01


Oxide


TADD259


54.00


55.20


1.20


0.78


0.41


24.30


0.02


Oxide


TADD259


61.20


64.60


3.40


2.21


0.40


11.74


<0.01


Oxide


TADD259


106.00


107.80


1.80


1.17


0.77


47.80


0.01


Oxide


TADD261


12.10


15.70


3.60


2.34


0.33


12.70


0.02


Oxide


TADD261


51.10


53.10


2.00


1.30


0.41


18.55


0.01


Oxide


TADD261


56.90


64.30


7.40


4.81


0.59


8.51


<0.01


Oxide


TADD262


0.00


2.00


2.00


1.30


0.55


7.90


<0.01


Oxide


TADD262


38.20


70.20


32.00


20.80


0.56


10.74


<0.01


Oxide



including


40.20


44.20


4.00


2.60


2.82


39.90


0.01


Oxide


TADD262


78.20


80.20


2.00


1.30


0.94


6.20


<0.01


Oxide


TADD262


86.20


89.00


2.80


1.82


0.31


13.00


0.02


Oxide


TADD262


98.00


100.00


2.00


1.30


0.30


11.50


<0.01


Oxide


TADD262


125.60


127.60


2.00


1.30


0.34


14.00


<0.01


Oxide


TADD262


183.20


184.70


1.50


0.98


2.49


35.00


0.04


Oxide


TADD262


230.50


233.00


2.50


1.63


0.41


5.24


0.01


Oxide


TADD262


244.00


251.10


7.10


4.62


0.22


6.31


0.01


Oxide


TADD262


258.00


262.00


4.00


2.60


0.46


8.40


<0.01


Oxide


TADD263


20.40


24.10


3.70


2.41


0.23


13.82


<0.01


Oxide


TADD263


28.10


36.00


7.90


5.14


0.25


9.60


0.01


Oxide


TADD263


55.10


78.90


23.80


15.47


0.32


5.12


0.06


Oxide


TADD263


89.00


120.00


31.00


20.15


0.23


5.47


0.12


Sulfide


TADD263


126.00


132.00


6.00


3.90


0.18


10.30


0.32


Sulfide


TADD265


14.00


23.00


9.00


5.85


0.21


6.07


174.00


Oxide


TADD265


41.00


153.00


112.00


72.80


0.46


6.04


<0.01


Oxide



Including


149.80


151.80


2.00


1.30


11.75


70.30


0.04


Oxide


TADD266


0.00


60.90


60.90


39.59


0.37


9.27


<0.01


Oxide


TADD266


66.80


143.60


76.80


49.92


0.30


15.03


0.03


Oxide


TADD267


141.00


145.00


4.00


2.60


0.32


5.50


0.01


Oxide


TADD267


166.30


169.00


2.70


1.76


2.59


51.93


1.18


Sulfide


TADD268


24.00


30.00


6.00


3.90


0.28


12.73


36.00


Oxide


TADD268


37.40


43.00


5.60


3.64


0.39


3.81


<0.01


Oxide


TADD268


53.00


55.00


2.00


1.30


0.26


10.10


<0.01


Oxide


TADD268


59.40


60.20


0.80


0.52


5.03


57.30


<0.01


Oxide


TADD268


64.00


66.60


2.60


1.69


0.28


14.17


<0.01


Oxide


TADD268


99.60


101.00


1.40


0.91


0.26


5.40


0.02


Oxide


TADD270


85.00


88.50


3.50


2.28


0.24


9.63


<0.01


Oxide


TADD270


97.00


99.00


2.00


1.30


0.89


6.00


<0.01


Oxide


TADD270


124.00


126.00


2.00


1.30


0.36


12.40


0.02


Oxide


TADD270


136.00


143.50


7.50


4.88


0.39


13.43


<0.01


Oxide


TADD270


182.50


188.20


5.70


3.71


0.80


27.58


0.24


Sulfide


TADD272


22.00


36.00


14.00


9.10


0.24


1.90


<0.01


Oxide


TADD272


50.30


58.90


8.60


5.59


0.30


3.15


<0.01


Oxide


TADD272


60.90


62.90


2.00


1.30


0.17


2.00


<0.01


Oxide


TADD272


66.90


75.50


8.60


5.59


0.39


2.93


<0.01


Oxide


TADD272


82.00


84.50


2.50


1.63


0.44


10.50


0.03


Oxide


TADD274


35.40


37.00


1.60


1.04


17.45


387.00


1.28


Sulfide


TADD274


44.00


86.60


42.60


27.69


2.51


10.61


0.01


Oxide


TADD275


9.00


21.00


12.00


7.80


0.39


5.84


0.01


Oxide


TADD275


23.80


25.90


2.10


1.37


0.21


2.13


<0.01


Oxide


TADD275


65.00


80.80


15.80


10.27


0.29


6.15


0.02


Oxide


TADD275


123.00


131.00


8.00


5.20


0.77


19.73


<0.01


Oxide


TADD276


40.00


42.00


2.00


1.30


0.68


15.70


<0.01


Oxide


TADD276


49.80


71.40


21.60


14.04


1.38


10.42


<0.01


Oxide


TADD276


79.15


81.30


2.15


1.40


0.16


8.75


0.01


Oxide


TADD276


84.80


90.00


5.20


3.38


0.27


14.14


<0.01


Oxide


TADD276


98.45


100.65


2.20


1.43


0.31


12.45


0.01


Oxide


TADD276


146.60


148.60


2.00


1.30


0.42


1.90


<0.01


Oxide


TADD276


178.35


181.40


3.05


1.98


0.52


29.39


<0.01


Oxide


TADD276


268.65


269.65


1.00


0.65


2.00


6.80


0.02


Oxide


TADD277


33.80


51.90


18.10


11.77


0.83


9.70


0.01


Oxide


TADD277


84.70


87.40


2.70


1.76


0.31


4.40


<0.01


Oxide


TADD277


90.90


95.70


4.80


3.12


0.34


5.74


0.01


Oxide


*True width is averaged to 65% of the down-hole intercept, although ranges from 60-70% subject to intersection with sub-vertical veins and drilling dip.



Table 2 – Intercepts from Cerro Campamento

The table shows the most significant results:




DDH





FROM





TO





Downhole

length





True

width*





Au (g/t)





Ag (g/t)





Cu (%)





Ore Type



TADD255


44.00


61.30


17.30


5.76


0.79


8.46


0.02


Oxide



including


55.85


61.30


5.45


1.81


1.74


21.61


0.04


Oxide


TADD255


65.85


68.20


2.35


0.78


0.27


2.78


<0.01


Oxide


TADD257


41.00


43.60


2.60


0.87


0.22


3.90


0.01


Oxide


TADD257


61.70


71.00


9.30


3.10


0.98


6.73


0.07


Sulfide


TADD260


0.00


3.00


3.00


1.67


0.32


11.15


<0.01


Oxide


TADD260


19.00


21.00


2.00


1.11


0.24


4.80


<0.01


Oxide


TADD260


44.60


48.00


3.40


1.89


0.37


2.15


<0.01


Oxide


TADD260


110.00


119.80


9.80


5.44


0.68


20.34


0.02


Oxide


TADD260


138.00


141.70


3.70


2.05


0.34


38.94


0.02


Oxide


TADD260


169.00


181.50


12.50


6.94


0.54


12.69


0.03


Oxide


TADD264


84.00


107.45


23.45


23.45


0.72


31.51


0.03


Oxide


TADD264


131.25


147.35


16.10


16.10


0.76


9.68


0.03


Oxide


TADD264


161.00


163.15


2.15


2.15


0.32


16.15


0.39


Sulfide


TADD269


62.50


76.05


13.55


11.29


0.59


24.06


0.01


Oxide



Including


66.30


66.90


0.60


0.50


8.96


389.00


0.09


Oxide


TADD271


13.40


16.20


2.80


1.55


0.39


5.50


<0.01


Oxide


TADD271


29.90


33.25


3.35


1.86


1.57


9.33


0.01


Oxide


TADD271


57.00


59.70


2.70


1.50


0.36


18.28


0.05


Sulfide


TADD271


71.60


73.60


2.00


1.11


0.37


7.90


0.11


Sulfide


TADD271


79.00


83.50


4.50


2.50


0.33


37.31


0.22


Sulfide


TADD273


0.00


2.70


2.70


1.35


0.53


4.87


<0.01


Oxide


TADD273


13.60


27.60


14.00


7.00


3.07


31.03


0.01


Oxide


Including


15.60


23.60


8.00


4.00


5.19


45.12


0.02


Oxide


*True width varies between 33 and 100% of the down-hole intercept, subject to intersection with sub-vertical veins and drilling dip.


Cautionary Notes to Investors – Mineral Reserves and Resources Estimates

Pursuant to Canadian Institute of Mining Metallurgy and Petroleum’s “CIM Standards on Mineral Resources and Reserves Definitions and Guidelines” (the “CIM Guidelines”), mineral resources have a higher degree of uncertainty than mineral reserves as to their existence as well as their economic and legal feasibility. Inferred mineral resources, when compared with measured or indicated mineral resources, have the least certainty as to their existence, and it cannot be assumed that all or any part of an inferred mineral resource will be upgraded to an indicated or measured mineral resource as a result of continued exploration. Pursuant to NI 43-101, inferred mineral resources may not form the basis of any economic analysis, including any feasibility study. Accordingly, readers are cautioned not to assume that all or any part of a mineral resource exists, will ever be converted into a mineral reserve, or is or will ever be economically or legally mineable or recovered.


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

).



Cautionary Statements – Forward-Looking Information




Certain statements in this presentation constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but not always, using words or phrases such as “believes”, “expects”, “plans”, “estimates” or “intends” or stating that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “are projected to” be taken or achieved) are not statements of historical fact, but are forward-looking statements.


The forward-looking statements herein relate to, among other things, Orvana’s ability to achieve improvement in free cash flow; the ability to maintain expected mining rates and expected throughput rates at El Valle Plant; the potential to extend the mine life of El Valle and Don Mario beyond their current life-of-mine estimates including specifically, but not limited to, in the case of Don Mario, the processing of the mineral stockpiles and the reprocessing of the tailings material; Orvana’s ability to optimize its assets to deliver shareholder value; the Company’s ability to optimize productivity at Don Mario and El Valle; estimates of future production, operating costs and capital expenditures; mineral resource and reserve estimates; statements and information regarding future feasibility studies and their results; future transactions; future metal prices; the ability to achieve additional growth and geographic diversification; and future financial performance, including the ability to increase cash flow and profits; future financing requirements; mine development plans; and the possibility of the conversion of inferred mineral resources to mineral reserves.


Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies, which includes, without limitation, as particularly set out in the notes accompanying the Company’s most recently filed financial statements. The estimates and assumptions of the Company contained or incorporated by reference in this information, which may prove to be incorrect, include, but are not limited to the various assumptions set forth herein and in Orvana’s most recently filed Management’s Discussion & Analysis and Annual Information Form in respect of the Company’s most recently completed fiscal year (the “Company Disclosures”) or as otherwise expressly incorporated herein by reference as well as: there being no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; permitting, development, operations, expansion and acquisitions at El Valle and Don Mario being consistent with the Company’s current expectations; political developments in any jurisdiction in which the Company operates being consistent with its current expectations; certain price assumptions for gold, copper and silver; prices for key supplies being approximately consistent with current levels; production and cost of sales forecasts meeting expectations; the accuracy of the Company’s current mineral reserve and mineral resource estimates; labour and materials costs increasing on a basis consistent with Orvana’s current expectations; and the availability of necessary funds to execute the Company’s plan. Without limiting the generality of the foregoing, this news release also contains certain “forward-looking statements” within the meaning of applicable securities legislation, including, without limitation, references to the results of the Taguas preliminary economic assessment (PEA), including but not limited to the mineral resource estimation, conceptual mine plan and operations, internal rate of return, sensitivities, taxes, net present value, potential recoveries, design parameters, operating costs, capital costs, production data and economic potential; the timing and costs for production decisions; permitting timelines and requirements; exploration and planned exploration programs; the potential for discovery of additional mineral resources; timing for completion of a feasibility study; timing for first gold production at Taguas; issuing an expanded resource PEA for Taguas in a timely manner; completion of the infill drilling program and prefeasibility timing at Taguas; making a decision on the oxides stockpile at Don Mario in a timely manner; identifying additional resources beyond the replenishment of annual depletion rates at El Valle for the extension of mine life; and the Company’s general objectives and strategies.


A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: the potential impact of the COVID-19 on the Company’s business and operations, including: our ability to continue operations; our ability to manage challenges presented by COVID-19; the accounting treatment of COVID-19 related matters; Orvana’s ability to prevent and/or mitigate the impact of COVID-19 and other infectious diseases at or near our mines; the general economic, political and social impacts of  the continuing conflict between

Russia

and

Ukraine

, our ability to support the sustainability of our business including through the development of crisis management plans, increasing stock levels for key supplies, monitoring of guidance from the medical community, and engagement with local communities and authorities; fluctuations in the price of gold, silver and copper; the need to recalculate estimates of resources based on actual production experience; the failure to achieve production estimates; variations in the grade of ore mined; variations in the cost of operations; the availability of qualified personnel; the Company’s ability to obtain and maintain all necessary regulatory approvals and licenses; the Company’s ability to use cyanide in its mining operations; risks generally associated with mineral exploration and development, including the Company’s ability to continue to operate the El Valle and/or ability to resume long-term operations at the Carlés Mine; the Company’s ability to successfully implement a sulphidization circuit and ancillary facilities to process the current oxides stockpiles at Don Mario; the Company’s ability to successfully carry out development plans at Taguas; sufficient funding to carry out development plans at Taguas and to process the oxides stockpiles at Don Mario; the Company’s ability to acquire and develop mineral properties and to successfully integrate such acquisitions; the Company’s ability to execute on its strategy; the Company’s ability to obtain financing when required on terms that are acceptable to the Company; challenges to the Company’s interests in its property and mineral rights; current, pending and proposed legislative or regulatory developments or changes in political, social or economic conditions in the countries in which the Company operates; general economic conditions worldwide; the challenges presented by COVID-19; fluctuating operational costs such as, but not limited to, power supply costs; current and future environmental matters; and the risks identified in the Company’s disclosures. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Disclosures for a description of additional risk factors.


Any forward-looking statements made herein with respect to the anticipated development and exploration of the Company’s mineral projects are intended to provide an overview of management’s expectations with respect to certain future activities of the Company and may not be appropriate for other purposes. Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Readers are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements made in this information are intended to provide an overview of management’s expectations with respect to certain future operating activities of the Company and may not be appropriate for other purposes.

Cision
View original content to download multimedia:

https://www.prnewswire.com/news-releases/orvana-announces-taguas-project-phase-i-infill–growth-drilling-results-301562215.html

SOURCE Orvana Minerals Corp.