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Orca Gold Inc.
Summary
| Project: | Morondo | |
|---|---|---|
| Deposit: | Kone | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 10/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2018: Orca Gold Inc. announces a Resource Estimation report for its Kone deposit at the Morondo project. Initial mineral resource estimate for Kone prospect. Vancouver, Canada, October 3, 2018 – Orca Gold Inc. (TSX.V:ORG) (“Orca” or the “Company”) | |
| Resources: | (Resource, Inf.): 34.1Mt @ 1.1g/t Au for 1.206Moz Au contained at Kone | |
| CP/QP: | [Resources]: Jonathon Abbott (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Vancouver, Canada, October 3, 2018 – Orca Gold Inc. (TSX.V:ORG) (“Orca” or the “Company”) is pleased to announce an inferred maiden mineral resource estimate (“Mineral Resource Estimate”) at the Koné Prospect, on the Morondo Licence, and reports that it has closed its previously disclosed acquisition from Kinross (see Company news release on February 1, 2017) of a highly prospective land package of 2,268km2 in Côte d’Ivoire (Figure 1). The Mineral Resource Estimate was undertaken by MPR Geological Consultants of Perth, Australia (“MPR”) who estimated mineral resources using Multiple Indicator Kriging (“MIK”) based on mineralised domains interpreted by MPR. Drilling to date at Koné totals 17,644m of reverse circulation (“RC”) drilling in 115 holes and 528m of diamond drilling in two holes. Koné was discovered by Red Back Mining in 2010 with 4,284 m of shallow RC drilling completed. Following ministerial approval of Orca’s acquisition of the project from Kinross (see Company news release on November 6, 2017), Orca has completed 13,888m of RC and diamond drilling including 13,728m in the resource area. The mineralised package at Koné is up to 220m in true width, dipping 50° to the north west. Within this wide mineralised domain drilling has defined a series of lower angle (250°), higher grade structures (Figure 3) that form a core of mineralisation grading over 1.5g/t. Mineralisation is hosted within a variably foliated diorite intrusive and is associated with biotite alteration, minor silicification, disseminated pyrite and quartz‐carbonate‐pyrite‐chalcopyrite veining. | |
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