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Orca Gold Inc.
Summary
| Project: | Block 14 | |
|---|---|---|
| Deposit: | Block 14 | |
| Location: | Sudan | |
| Commodities: | Gold | |
| Date: | 11/1/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 1-11-2016: Orca Gold Inc. announces an Exploration/Drilling Update report for its Block 14 deposit at the Block 14 project. Drilling results incl. 150.0m @ 2.20g/t Au from 34.0m. Vancouver, Canada, November 1, 2016 – Orca Gold Inc. (TSX.V:ORG) (“Orca” or | |
| Resources: | (Resource): 27.7Mt @ 1.80g/t Au (Ind.) and 11.4Mt @ 1.7g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Hugh Stuart (Internal) | |
| ABSTRACT: | Vancouver, Canada, November 1, 2016 – Orca Gold Inc. (TSX.V:ORG) (“Orca” or the “Company”) is pleased to announce the results from the first metallurgical core holes drilled at the Galat Sufar South (GSS) deposit (Indicated resources 26.3Mt grading 1.77g/t, Inferred Resources 10.0Mt grading 1.7g/t), as part of the PreFeasibility Study (“PFS”) scheduled for completion by the end of Q1 2017 (See Company news release dated July 26, 2016). The PQ and HQ sized diamond drill holes were drilled within the pit designs used for the Preliminary Economic Assessment (PEA) completed in July this year (See Company news release dated July 26, 2016) in the Main and East Zones at GSS, where the true width of mineralisation is in excess of 65m. Commenting on the results, Richard Clark, CEO and Director, said, "Whilst the new holes are infill to provide both metallurgical information and infill assay data for the PFS, they strongly re-iterate and confirm the scale and width of the mineralisation at Galat Sufar South. The distribution of grade within these areas is remarkably consistent, lending itself to open pit mining with a waste:ore ratio of 2:1, defined by the PEA. A geotechnical core drilling programme has also now been completed (results pending) and two reverse circulation rigs are now working on an infill programme to convert inferred resources within the PEA pits to indicated to enable us to define a maiden ore reserve as part of the PFS. We remain very excited by the developing story at GSS and Block 14.” | |
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