Orvana Argentina Commences Geophysical Survey at Taguas Project, Ar gentina
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TSX:ORV For Immediate Release
Date: November 12, 2025 #18-2025
Orvana Argentina Commences Geophysical Survey at Taguas Project, Ar gentina
TORONTO, ONTARIO, November 12, 2025 - Orvana Minerals Corp. (TSX:ORV) (the "Company" or
"Orvana") announces that its Argentine subsidiary, Orvana Argentina S.A., has commenced a geophysical
survey at its Taguas Project, located in the high Andes of San Juan Province, Argentina. The Taguas
property consists of fifteen mining concessions totaling approximately 3,274 hectares, situated within a
well-known Andean mineral belt hosting high- sulfidation epithermal gold-silver-copper and porphyry-style
deposits.
The Company is repositioning the Taguas P roject to evaluate its broader potential, extending beyond the
near-surface oxidized gold-silver resource outlined in the 2021 Preliminary Economic Assessment (dated
on December 29, 2021; available at www.sedarplus.ca) to include the underlying sulfide mineralization
and potential deep porphyry copper-gold system.
“The 2025/26 campaign marks an important milestone in advancing our understanding of the Taguas
mineral system. By combining the advanced geophysical survey now underway with insights from the
recently completed review of historical exploration data, we will prioritize key targets for our initial deep
drilling campaign, planned to start in January 2026, and establish a disciplined and strategic path toward
unlocking the system’s broader potential”, said Juan Gavidia, Chief Executive Officer of Orvana Minera ls
Corp.
2025/26 Exploration Program
The Company’s 2025 /26 Exploration Program at t he Taguas Project is structure d into three sequential
phases:
Phase Objective Status
Geological
Modeling Update
D
etailed relogging of historical
drill holes and short-wave
infrared (SWIR) alteration
studies; spectral scanning of drill
holes in the target area every 5m
Completed
I
dentified vectors toward porphyry-
style mineralization along a 2.5-
kilometre north–south corridor
extending from Cerro IV to Cerro
Campamento
Geophysical
Survey
Identify potential targets up to a
depth of 1,500 m
In progress – Expected to finish by
late December 2025
W
ill cover the entire area of interest, 4
km² between Cerro Campamento and
Cerros Taguas, with a grid of 400m x
400m
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First Deep
Drilling
Drill the areas showing potential
indicators of a copper-gold
porphyry system, based on
geophysical results and the
updated geological model
Planned to start early 2026
P
reliminary plan of ~4,500 metres;
subject to change based on
geophysical updates
T
his approach allows the Company to progress methodically while focusing on the most promising targets
for deep drilling.
Geophysical Survey
A
s part of this exploration phase, Ridgeback Geofísica Argentina S.A., an affiliate of Southernrock
Geophysics, has been engaged to conduct a comprehensive geophysical survey program. The program
will include Magnetotelluric (MT) and Induced Polarization (IP) surveys across the southern portion of the
Taguas property. The MT survey will provide three- dimensional models of subsurface resistivity down to
depths of approximately 1,500 metres, while the IP survey will generate chargeability models to shallower
depths reaching around 800 or 1,000 meters. Together, these techniques will provide a clearer picture of
the subsurface structure and guide the next phase of deep drilling planned for early 2026.
R
idgeback and its partner company, Southernrock Geophysics, bring extensive experience in high-
resolution geophysical surveys across the Andes, including work that has improved geological
understanding at projects such as Valeriano (Atex Resources) and Altar (Aldebaran Resources). Their
expertise in deep- penetrating MT and IP methods provides a robust technical basis for the Taguas
program and regional insight into the surrounding copper-gold systems.
C
omplementary geological work, including detailed relogging of historical drill holes and short -wave
infrared (SWIR) alteration studies, has identified vectors toward porphyry-style mineralization along a 2.5-
kilometre north–south corridor extending from Cerro IV to Cerro Campamento. This integrated approach
will allow Orvana to prioritize the most prospective zones for the upcoming deep- drilling program.
S
trategic Context
T
he Taguas exploration program aligns with Orvana's broader strategy of enhancing long- term value
through targeted exploration and disciplined capital allocation. The objective of this campaign is to refine
the geological model, test priority porphyry targets, and determine the next steps for the project’s
development. Results from the 2025/26 program will help guide Orvana’s strategic decisions regarding
future resource delineation and potential project advancement.
ABO
UT ORVANA – Orvana is a multi -mine gold-copper-silver company. Orvana’s assets consist of the
producing Orovalle operation in northern Spain; the Don Mario operation in Bolivia, currently in plant
expansion; and the Taguas Project located in Argentina. Additional information is available at Orvana’s
website (www.orvana.com).
F
or further information please contact:
N
uria Menéndez
Chief Financial Officer
C
autionary Statements – Forward-Looking Information
T
his news release contains forward- looking statements within the meaning of applicable Canadian
securities laws. Forward-looking statements are generally identified by words such as “plans”, “expects”,
“aims”, “intends”, “anticipates”, “believes”, “potential”, “target”, “may”, “could”, “would”, “should”, “will”, or
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similar expressions suggesting future outcomes or events. These statements include, but are not limited
to, statements regarding the Company’s exploration plans at Taguas, the timing, scope and objectives of
the geophysical and drilling programs, and the anticipated results or outcomes of such work.
Forward-looking statements are based on management’s reasonable assumptions as of the date of this
news release and are subject to known and unknown risks, uncertainties, and other factors that may cause
actual results, performance, or achievements to differ materially from those expressed or implied by such
statements. These factors include, but are not limited to: changes in general economic and market
conditions; fluctuations in metal prices; exploration and development risks; operational and technical
challenges; regulatory and permitting risks; environmental and social risks; political and jurisdictional risks
in Argentina and other operating areas; and those described under the heading “Risk Factors” in Orvana’s
most recent Annual Information Form and Management’s Discussion and Analysis, available under
Orvana’s profile at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company disclaims
any intention or obligation to update or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as required by law.