Orvana Launches Three-Tier Taguas Exploration Program

Orvana Minerals Corp. has detailed its fiscal 2027 exploration strategy for the Taguas project in San Juan Province, Argentina. The program, announced via PR Newswire, is structured around three distinct operational tiers aimed at expanding the geological understanding of the site. The company intends to integrate geophysical data from the recently acquired Evelina prospect to refine its broader exploration model.

This strategic shift follows the acquisition of the Evelina property in 2026, which expands the company’s land position adjacent to the original Taguas asset. Management plans to present these findings at the Precious Metals Summit in Colorado and the Mining Forum Americas later this year. The initiative focuses on converting inferred resources into higher confidence categories while testing deeper mineralization potential.

Three-Tier Exploration Strategy

The first tier of the program involves integrating geophysical surveys at the Evelina prospect. This step is designed to connect the newly acquired asset with the existing Taguas property, creating a unified geological model. The second tier focuses on near-surface infill drilling within the oxide resource area. The primary objective is to upgrade mineral resources from the Inferred category to Measured and Indicated statuses.

The third tier targets the deeper portions of the Taguas property through deep drilling. This activity aims to test the extent of the interpreted porphyry copper-gold system. By advancing these three complementary objectives, Orvana seeks to validate the broader mineral system. The data collected will support a potential update to the 2021 Preliminary Economic Assessment, which currently relies on speculative geological assumptions.

Resource Upgrading Objectives

The infill drilling component is critical for improving resource confidence. Under CIM Guidelines, inferred resources carry the highest level of uncertainty and do not have demonstrated economic viability. Orvana aims to reduce this uncertainty by gathering more precise data points. Successful upgrades would provide a stronger basis for future economic evaluations and development planning at the Taguas site.

Strategic Context And Timing

CEO Juan Gavidia emphasized the importance of pursuing strategic opportunities at the right time. The company views the Taguas project as a key asset for its portfolio in Argentina. The timing of the FY2027 program aligns with the upcoming exploration season in late 2026 and early 2027. Orvana will leverage its presence at major industry forums to communicate the progress and rationale behind these exploration activities.