Orla Mining Launches $25M Drilling Program to Extend Musselwhite Mine Life

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Orla Mining Launches $25M Drilling Program to Extend Musselwhite Mine Life

Orla Mining ( (TSE:OLA) ) just unveiled an update.

Orla Mining has announced a $25 million exploration drilling program at its recently acquired Musselwhite Mine in Northwestern Ontario. The program aims to expand reserves and resources, with a focus on the down-plunge extension of the mine trend. This initiative is expected to significantly extend the mine’s life beyond 2030 by proving additional mineralized strike potential. The exploration includes both underground and surface drilling to replace depleted reserves and identify new mill feed material, potentially enhancing the company’s operational capacity and market positioning.

More about Orla Mining

Orla Mining Ltd. is a mining company focused on gold exploration and production. The company operates in the mining industry and is primarily engaged in the development and expansion of gold reserves and resources. Orla Mining is listed on the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbols TSX: OLA and NYSE: ORLA, respectively.

YTD Price Performance: 57.93%

Average Trading Volume: 630,284

Technical Sentiment Signal: Sell

Current Market Cap: C$4.22B

For detailed information about OLA stock, go to TipRanks’ Stock Analysis page.

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