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Orca Gold Inc.
Summary
| Project: | Block 14 | |
|---|---|---|
| Deposit: | Block 14 | |
| Location: | Sudan | |
| Commodities: | Gold | |
| Date: | 2/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 2-2-2017: Orca Gold Inc. announces a Resource Estimation report for its Block 14 deposit at the Block 14 project. Updated Resource Estimate for Block 14 project. Orca Gold Inc. (TSX.V:ORG) (“Orca” or the “Company”) is pleased to announce an updated Minera | |
| Resources: | (Resource): 30.6Mt @ 1.82g/t Au (Ind) and 9.7Mt @ 1.7g/t Au (Inf) | |
| CP/QP: | [Resources]: Nic Johnson (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Orca Gold Inc. (TSX.V:ORG) (“Orca” or the “Company”) is pleased to announce an updated Mineral Resource Estimate on the Company’s Block 14 Gold Project in the Republic of the Sudan, and provide guidance on the high-grade underground potential at Block 14. The Mineral Resource update was undertaken by MPR Geological Consultants of Perth, Western Australia as part of the Pre-Feasibility Study (“PFS”) currently in progress. 6,236m of reverse circulation and 826m of diamond core drilling were completed to upgrade Inferred Resources to Indicated Resources. The programme targeted the 10% of material within the designed pits used in the Preliminary Economic Assessment (see Company News Release on July 26, 2016). In comparison to the previous estimate (July 2016), Indicated Resources have increased by 10% or 159 koz and Inferred Resources have decreased by 15% or 98koz. The drilling was directed within the PEA design shells and has reduced the Inferred Resources within those shells to less than 3% of total material. Accordingly, the infill programme has successfully confirmed and expanded the PEA resource estimate. The recent infill drill programme at Block 14 has confirmed the potential of high-grade mineralization below the PEA pit designs. Similar potential has also been identified at the Liseiwi target. | |
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