TORONTO, April 15, 2022 /CNW/ - Orvana Minerals Corp. (TSX: ORV) (the "Company" or "Orvana") is pleased to report production results and drilling updates from Orovalle, Orvana's unit in Spain, for the second quarter of fiscal year 2022 ("Q2 FY2022"), being the period ended March 31, 2022.

Highlights
0.53 g/t Au over 196.50 meters intercepted in Lidia, Orovalle, Spain
Q2 FY2022 production of 10,595 gold equivalent ounces
6,642 m of infill drilling
1,447 m of greenfield drilling
Juan Gavidia, CEO of Orvana: "Our exploration program continues producing excellent outcomes, reinforcing Orvana's internal growth potential to increase resources in Spain."

He added: "This has been a challenging quarter in terms of production in Spain due to the COVID-19 impact on the workforce in the first half of the quarter, supply chain strains all around Europe affecting the availability of spare parts, and the nationwide transport strike in March. Since early April supply chain channels have been reactivated, production restarted, and we are in the process of reviewing and optimizing the production plan for the second half of the year".

Q2 FY2022 Production Results Q2 FY2022 Q1 FY2022 Q2 FY2021 FY 2022 Guidance
Ore milled (tones) 146,170 176,288 159,603
Gold
Equivalent (oz) 10,595 15,921 14,197
Gold
Grade (g/t) 1.94 2.27 2.31
Recovery (%) 91.6 91.1 90.9
Production (oz) 8,341 11,731 10,785 48,000 - 53,000

Copper
Grade (%) 0.31 0.45 0.47
Recovery (%) 80.7 83.7 82.3
Production (K lbs) 797 1,451 1,355 5,800 - 6,500

Production of 10,595 gold equivalent ounces, a 33% decrease from Q1 FY2022. Production impacted by the temporary operations stoppage in March as a result of the nationwide transport strike in Spain.
The Company is in the process of reviewing its operations and costs as a result of the temporary stoppage in March, and expects to be in a position to provide a more comprehensive update of the impacts on operations as part of the Q2 FY2022 reporting process in May.

Q2 FY2022 Exploration Drilling
Summary (all in meters)
Infill. Greenfield. TOTAL
Ortosa-Godán - 426 426
Lidia - 1,021 1,021
El Valle Boinás
Boinas South (SB) 2,802 - 2,802
Breccia East (BX) 3,242 - 3,242
Carles West (CW) 598 - 598

TOTAL 6,642 1,447 8,089

Lidia
Orovalle's gold porphyry Lidia Project is located in the Navelgas Gold Belt, 20 km from El Valle mine.

Lidia occurs within the easternmost of the Navelgas fracture systems. A granodiorite intrusive outcrops over an area of approximately 1 km2. It is dissected by a set of northeast trending mineralized quartz veins and affected by different alteration phases.

The drilling program started in fiscal 2021 with 1,017 meters drilled. The second phase started in December 2021, focused on defining the continuity of Au mineralization into the intrusive. Four drill holes, totaling 1,405 meters were drilled in the first half of FY2022, confirming the presence of gold in the granodiorite, averaging 0.53 g/t Au over 196.50 meters (DDH 22LIDIA04).

The Company expects to continue the program in Lidia in September 2022 drilling two sections, to the North and to South from current drilled area respectively, in order to prove continuity of Au mineralization in N-S strike and at depth.

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