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Orca Gold Inc.
Summary
| Project: | Block 14 | |
|---|---|---|
| Deposit: | Block 14 | |
| Location: | Sudan | |
| Commodities: | Gold | |
| Date: | 7/26/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-7-2016: Orca Gold Inc. announces a PEA report for its Block 14 deposit at the Block 14 project. PEA results incl. pre-tax NPV (7%) of US$156M, IRR of 25%, 3 year payback. Orca Gold’s Block 14 Project (Project) is an advanced exploration project, locate | |
| Resources: | (Resource): 27.7Mt @ 1.80g/t Au (Ind.) and 11.4Mt @ 1.7g/t Au (Inf.) | |
| CP/QP: | [Resources]: Nicolas James Johnson (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Orca Gold’s Block 14 Project (Project) is an advanced exploration project, located in Sudan. It is located in the Nubian Desert in the northern region of the Republic of the Sudan, close to the international border with Egypt. The property is situated 700 km north of the national capital Khartoum and straddles the boundary between the Red Sea and Nile States. The nearest population centre is the town of Abu Hamad, located 180 km due south of the property. The Project as currently envisaged to comprise two open pit operations at Galat Sufar South (GSS) and Wadi Doum (WD), situated approximately 55 km due east of GSS, with the process plant situated at GSS. Material will be trucked from WD for processing at the GSS plant facility. SGS Time Mining has reviewed all other technical work completed on the Project by the Company and its other contractors and consultants to a sufficient level to enable SGS Time Mining to present its own opinions on the Project and to derive an audited NPV for the Project. This report comprises a preliminary economic assessment (PEA) of the Block 14 Project and has been prepared by SGS Time Mining (Pty) Ltd on behalf of Orca Gold Inc. (Company). This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). Work undertaken by SGS Time Mining in compiling this report has been managed by Mr Anton van Tonder, and overseen and reviewed by Mr Keith Bright. Mr Keith Bright is a Qualified Person (QP) as defined in the National Instrument 43-101 of the Canadian Securities Administrators (NI 43-101). | |
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