#Spain #Orvana Minerals #Orovalle #El Valle

Orvana Minerals' Q2 FY2026 Exploration Results in Spain

Orvana Minerals Corp. (TSX: ORV) recently shared exciting updates on its exploration activities in Spain for the second quarter of fiscal year 2026, which ended on March 31, 2026. The Company is primarily focused on extending the known mineralization at its Orovalle site, with the ultimate goal of enhancing potential mine life.

Key Highlights from El Valle–Boinás

During this period, 2,845 meters of drilling were completed, concentrating mainly on Area 208 and the Black Skarn zone. The infill drilling in Area 208 has confirmed continuity in oxide-hosted gold mineralization, which remains open towards the east based on the current assessments.

Notable Drilling Intercepts

Some significant findings from the brownfield drilling in Area 208 include:

• - DDH 26A22020: 2.00 m @ 19.55 g/t Au and 0.30% Cu
• - DDH 26A22021: 6.00 m @ 6.78 g/t Au

These intercepts will play a crucial role in shaping future drilling programs that aim to explore broader mineralization potential further.

Updates from Lidia Project

Additionally, the Lidia Project reported 880 meters of drilling completed in Q2 FY2026, bringing the total meters drilled this fiscal year to 1,427. Early results suggest that the target remains open to the southwest, prompting further evaluations to determine the extent of mineralization in that direction.

Summary of Drilling Activity

In total, 14 drill holes were finalized across the El Valle–Boinás and Lidia areas, and the locations along with the orientation of these holes are depicted in Figures 1 through 3 released with the news. The accompanying visual aids illustrate both the drilling position and the relationship of the drill holes to previously interpreted mineralized zones, reaffirming the strategic geological planning undertaken.

Detailed Look at Drilling Metrics in Q2 FY2026

Overall, the drilling results from the El Valle-Boinás mine concentrated on Area 208 (A2), where significant tasks were completed. Here, 1,795 meters of drilling took place within this area in a bid to convert inferred resources into more definitive classifications.

Geological Insights

The current investigation indicates the presence of mineralization bands characterized by variable thicknesses, situated between altered skarn and semi-jasperoid breccias within limestone formations. Notably, the intrusion of porphyry dikes has resulted in silicification, leading to mineral enrichment throughout these bands, with a south-eastern dip suggesting further extension potential in that direction.

Meanwhile, 1,050 meters were drilled at the Black Skarn target to probe deeper mineralization levels, indicating essential groundwork for upcoming exploration endeavors.

Lidia Greenfield Operations

In terms of the Lidia project, located 20 km from the El Valle mine, the drilled meters during this quarter were crucial for completing the drilling campaign laid out for the fiscal year. It involves granodiorite intrusive with a history of gold findings through earlier drilling campaigns that continued into the fiscal year 2024.

The following findings from DDH 25LI008 underscore the potential of the downward continuity of mineralization, with significant intervals displaying gold mineralization: a total of 302.7 m at 0.40 g/t Au, including higher-grade segments like 10.9 meters at 1.03 g/t Au.

In contrast, drilling results from DDH 26LI009 illustrated that while the mineralization continuity was observed, it concluded at approximately 289 meters, leaving opportunities for further assessment southwest, as suggested by previous drilling distances of 650 meters away from the target.

Quality Control Measures

With respect to maintaining quality, the drill hole samples were sent to an external laboratory for further analysis, ensuring rigorous standards were upheld throughout the sampling process. These preparations included several checks to maintain the integrity of their results—I.e., using certified reference materials to validate the analysis and conducting repeat tests wherever necessary to confirm findings.

In summary, the updates shared by Orvana Minerals for Q2 FY2026 highlight their commitment to not just maintaining robust exploration programs, but also the strategic importance of these findings for future operations and potential resource estimations in Spain.

Orvana is dedicated to leveraging these insights as they navigate through their ongoing development strategies for the Orovalle operation and beyond.