Orca Gold’s Mineral Resource Estimate Shows Increase

Orca Gold Inc. (TSXV:ORG) announced an updated Mineral Resource Estimate for its Block 14 mineral license in Sudan, which shows increases in both indicated and inferred resources.

As quoted in the press release:

The Mineral Resource estimate, using a cut-off grade of 1.0 g/t, now comprises an Indicated Resource of 27.64Mt grading 1.83g/t for 1.63 million ounces of gold (a 24% increase over January 2014) and an Inferred Resource of 10.28Mt grading 1.8g/t for an additional 0.59 million ounces (a 48% increase over January 2014). This includes resources from both Galat Sufar South (“GSS”) and Wadi Doum, a second target 55km east of GSS previously known as EG 3.2.

Commenting on its future development, Orca Gold said:

Exploration within Orca’s 7,000 sq-km Block 14 permit is ongoing with new targets being developed from continued follow up of artisanal works and from alteration mapping. Target P, 9km southeast of GSS was discovered recently based on several small, old artisanal workings (see figure 1). Grab sampling of an altered and pyrite mineralised felsic dyke over a strike length of 600m has averaged 1.54g/t (66 samples).

The focus of exploration in 2015 will be to identify and develop new targets that will add satellite resources to GSS and to continue metallurgical test work to identify the optimum process route ahead of scoping studies.

Hugh Stuart, president and CEO of Orca Gold Inc., commented:

The Resources at GSS and Wadi Doum are shallow and, therefore, potentially amenable to open pit mining. The focus in 2014 was to add further resources around GSS and to discover and define a second resource in Block 14. Both of those objectives have been achieved. Exploration in Block 14 is still at an early stage and we believe in the potential of delivering more discoveries as we move forward with our work.

Click here to read the full Orca Gold Inc. (TSXV:ORG) press release.