New acquisition Vancouver-based Orla Mining has signed a deal with Gold Standard Ventures under which the former company will take over all of the issued and outstanding shares of Gold Standard Ventures.
“Gold Standard’s key asset is the 100%-owned South Railroad Project …, a feasibility-stage, open pit, heap leach project located on the prolific Carlin trend in Nevada. In February 2022, Gold Standard completed a robust Feasibility Study and permitting activities are currently underway. Gold Standard also owns the Lewis Project …, a large, strategically located, prospective land package on the Battle Mountain trend in Nevada” in the U.S., Orla Mining said in a statement.
The latest deal expands Orla’s proven and probable reserve base to some 3.8 million gold oz, and its measured and indicated mineral resources to about 12.3 million gold oz, according to the statement.