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Orca Gold Inc.
Summary
| Project: | Block 14 | |
|---|---|---|
| Deposit: | Galat Sufar South, Wadi Doum | |
| Location: | Sudan | |
| Commodities: | Gold-Silver | |
| Date: | 1/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2018: Orca Gold Inc. announces a Resource Estimation report for its Galat Sufar South, Wadi Doum deposit at the Block 14 project. Indicated resources increased 24% for the project. Vancouver, Canada, January 29, 2018 – Orca Gold Inc. (TSX.V:ORG) (“Or | |
| Resources: | (Resouce): 72.7Mt @ 1.30g/t Au, 1.71g/t Ag (Ind) and 19.8Mt @ 1.2g/t Au, 1.6g/t Ag (Inf) | |
| CP/QP: | [Resources]: Nicholas Johnson (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Vancouver, Canada, January 29, 2018 – Orca Gold Inc. (TSX.V:ORG) (“Orca” or the “Company”) is pleased to announce a new Mineral Resource Estimate for the Company’s Block 14 Gold Project in the Republic of the Sudan. The Mineral Resource Estimate was undertaken by MPR Geological Consultants of Perth, Western Australia (“MPR”) as part of the Feasibility Study in progress. MPR estimated mineral resources for the GSS and Wadi Doum deposits using Multiple Indicator Kriging (“MIK”) based on mineralised domains interpreted by MPR and Orca. The new Mineral Resource Estimate is based on an additional 12,449m of diamond drilling in 34 holes, assayed sections of a further 15 geotechnical core holes and 2,806m of reverse circulation (“RC”) drilling in 14 holes completed at GSS. The resource dataset now comprises 98,754m of drilling in 688 holes. No drilling was completed at Wadi Doum in this first phase of the ongoing programme. Samples used for the results described herein were prepared and analyzed by fire assay using a 50 gram charge at the ALS Chemex facility at Rosia Montana in Romania in compliance with industry standards. Field duplicate samples were taken and blanks and standards are added to every batch submitted. The recent drill programme has resulted in significant advances in the understanding of the geology at GSS. A three-dimensional lithological model has now been developed providing a more accurate framework for the Mineral Resource Estimate and further exploration. Drilling will resume at GSS by the end of January 2018 to continue the conversion of Inferred resources to Indicated category based on this new lithological model. The combined GSS strike length is 3.5km (see Figure 1) and the mineralisation remains open in all directions. | |
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