Orla Mining Receives Environmental Permit Required for the Construction of the Camino Rojo Oxide Gold Project

Orla Mining_14082020

VANCOUVER, BCAug. 13, 2020 /CNW/ – Orla Mining Ltd. (TSX: OLA) (“Orla” or the “Company”) is pleased to announce that the Mexican Federal Environmental Department (“SEMARNAT”) has granted approval of the Company’s Environmental Impact Statement (“Manifestos de Impacto Ambiental” or “MIA”) required for the development of the Camino Rojo Oxide Gold Project (“Camino Rojo”) located in Zacatecas State, Mexico. The approval of the MIA is conditional upon Orla meeting certain customary conditions and standard requirements which the Company intends to complete in the coming weeks. Orla now has the two principal permits necessary for commencement of construction activities at Camino Rojo. The receipt of the MIA also satisfies one of the key conditions precedent to the drawdown of the remaining US$100 million available on the previously announced US$125 million project finance facility (“Credit Facility”).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s