Orvana Minerals Corp. Reports Progress on Taguas Deep‑Drilling Program

Orvana Minerals Corp. (TSX: ORV, OTCQX: ORVMF) disclosed that drilling on the first deep hole (TADD‑278) at the Taguas property in Argentina has reached a depth of approximately 1,326 metres as of 7 April 2026. The company plans to continue the hole to a target depth of 1,500–2,000 metres.

Drilling Results

The preliminary assay data indicate that the hole has intersected a vertically zoned hydrothermal system, transitioning from a high‑sulfidation epithermal environment into a deeper porphyry setting. Table 1 (not reproduced here) and Figure 1 (not reproduced here) support the interpretation that drilling remains within the upper to intermediate levels of the mineralized system. The assays demonstrate that the drill core continues to contain mineralization of interest for gold and copper.

Strategic Context

  • Taguas, Argentina – The deep‑drill results add to the company’s exploration portfolio, which also includes the El Valle‑Boinas/Carles gold‑copper project in northern Spain, the Don Mario mine in eastern Bolivia, and the Copperwood copper project in Michigan, United States.
  • Don Mario, Bolivia – Production at the Don Mario mine has resumed following an operational restart in March 2026. The first gold‑doré bar has been cast since the restart, and the company is focusing on scaling production to optimise cash flows from its Bolivian assets.
  • Market Reaction – The news of the Taguas drilling progress, combined with the operational turnaround in Bolivia, has provided a positive outlook for the company among commodity investors. The stock price, which closed at $1.72 CAD on 6 April 2026, reflects investor confidence in the company’s exploration and production initiatives.

Forward Guidance

Orvana Minerals Corp. intends to advance the TADD‑278 hole to its maximum feasible depth and to continue exploring for additional mineralization at Taguas. Further assay results and geological interpretations will be released as drilling progresses. The company remains committed to its goal of identifying economically viable gold and copper resources across its portfolio.

Sources: Finanznachrichten.de, Boerse‑Express.com, CEO.ca, AllPennystocks.com, hotcopper.com.au