# Orla Mining Enhances Land Position in Nevada with Acquisition of Contact Gold Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/orla-mining-enhances-land-position-in-nevada-with-acquisition-of-contact-gold--40ec7a31-75d2-44c6-be0b-102985ec3d88 Original source: https://money.tmx.com/en/quote/C/news/7283607614236234/orla-mining-enhances-land-position-in-nevada-with-acquisition-of-contact-gold Publisher: tmx Original announcement: 2024-02-26T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Orla Mining Ltd. - Ticker: OLA - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-17 15:41:01 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Orla Mining has entered into a definitive agreement to acquire Contact Gold Corp. for approximately US$8.1 million. The transaction adds the Pony Creek and Green Springs properties in Nevada, strategically expanding Orla's footprint adjacent to its South Railroad project. Reasoning: The acquisition of Contact Gold significantly enhances Orla's strategic position in Nevada by adding contiguous land and resources adjacent to its core South Railroad project. - Positive factor: Strategic acquisition of Pony Creek property adjacent to South Railroad - Positive factor: Consolidates land position in the prolific Carlin trend - Positive factor: Attractive 77% premium paid to Contact shareholders - Positive factor: Adds significant inferred resources to Orla's Nevada footprint Facts used in scoring: 6 ## Classification and evidence **M&A** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Orla is acquiring all issued and outstanding common shares of Contact Gold Corp. Evidence · text > Orla will acquire all of the issued and outstanding common shares of Contact **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The Pony Creek property resource is described as a maiden mineral resource estimate. Evidence · text > Technical Report and Maiden Mineral Resource Estimate, Pony Creek Property ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/orla-mining-enhances-land-position-in-nevada-with-acquisition-of-contact-gold--40ec7a31-75d2-44c6-be0b-102985ec3d88#fact-resource-facts-0) Pony Creek · gold #### Identity - Project: Pony Creek - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: OLA #### Resource scope - Estimate type: resource - Resource group id: resource:7d4abe8714cd3d4f5966 - Deposit or zone: Pony Creek #### Resource Data - Category: inferred - Tonnes: 25719000 - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 433000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-02-26T00:00:00.000Z Reasoning: Maiden inferred resource addition via acquisition. - Positive factor: Establishes a new resource base for Orla in Nevada - Negative factor: Entirely inferred category Evidence · text > three mineralized zones with an inferred mineral resource totaling 433,000 oz at 0.52 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/orla-mining-enhances-land-position-in-nevada-with-acquisition-of-contact-gold--40ec7a31-75d2-44c6-be0b-102985ec3d88#fact-resource-facts-1) South Railroad · gold #### Identity - Project: South Railroad - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: OLA #### Resource scope - Estimate type: resource - Resource group id: resource:cccc839424fa63d7af9c - Deposit or zone: South Railroad #### Resource Data - Category: measured - Tonnes: 9561000 - Grade: 1.13 - Grade Unit: g/t - Contained Metal: 343000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-02-26T00:00:00.000Z Reasoning: Existing measured resource component of the South Railroad project. Evidence · text > 343 koz of measured gold resources \( 9,561 k tonnes at 1.13 g/t gold\) #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/orla-mining-enhances-land-position-in-nevada-with-acquisition-of-contact-gold--40ec7a31-75d2-44c6-be0b-102985ec3d88#fact-resource-facts-2) South Railroad · gold #### Identity - Project: South Railroad - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: OLA #### Resource scope - Estimate type: resource - Resource group id: resource:5fe0e70a0900c2e34d90 - Deposit or zone: South Railroad #### Resource Data - Category: indicated - Tonnes: 65450000 - Grade: 0.68 - Grade Unit: g/t - Contained Metal: 1410000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-02-26T00:00:00.000Z Reasoning: Existing indicated resource component of the South Railroad project. Evidence · text > 1,410 koz of indicated gold resources \( 65,450 k tonnes at 0.68 g/t Au\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/orla-mining-enhances-land-position-in-nevada-with-acquisition-of-contact-gold--40ec7a31-75d2-44c6-be0b-102985ec3d88#fact-resource-facts-3) South Railroad · gold #### Identity - Project: South Railroad - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: OLA #### Resource scope - Estimate type: resource - Resource group id: resource:aea2e151633e91fda450 - Deposit or zone: South Railroad #### Resource Data - Category: inferred - Tonnes: 21805000 - Grade: 0.93 - Grade Unit: g/t - Contained Metal: 653000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-02-26T00:00:00.000Z Reasoning: Existing inferred resource component of the South Railroad project. Evidence · text > 653 koz of inferred gold resources \( 21,805 k tonnes at 0.93 g/t Au\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/orla-mining-enhances-land-position-in-nevada-with-acquisition-of-contact-gold--40ec7a31-75d2-44c6-be0b-102985ec3d88#fact-resource-facts-4) South Railroad · gold #### Identity - Project: South Railroad - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: OLA #### Resource scope - Estimate type: reserve - Resource group id: resource:70ecdf5c951f7d3ff9c3 - Deposit or zone: South Railroad #### Resource Data - Category: proven - Tonnes: 8960000 - Grade: 1.17 - Grade Unit: g/t - Contained Metal: 333000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-02-26T00:00:00.000Z Reasoning: Existing proven reserve component of the South Railroad project. Evidence · text > 333 koz of proven gold reserves \( 8,960 k tonnes at 1.17 g/t gold\) #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/orla-mining-enhances-land-position-in-nevada-with-acquisition-of-contact-gold--40ec7a31-75d2-44c6-be0b-102985ec3d88#fact-resource-facts-5) South Railroad · gold #### Identity - Project: South Railroad - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: OLA #### Resource scope - Estimate type: reserve - Resource group id: resource:06202264c7065db6efd0 - Deposit or zone: South Railroad #### Resource Data - Category: probable - Tonnes: 56239000 - Grade: 0.72 - Grade Unit: g/t - Contained Metal: 1271000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-02-26T00:00:00.000Z Reasoning: Existing probable reserve component of the South Railroad project. Evidence · text > 1,271 koz of probable gold reserves \( 56,239 k tonnes at 0.72 g/t gold\) #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.