Orca Gold
Orca Gold
Orca Gold Inc. 885 West Georgia Street, Suite 2000 Vancouver, BC V6C 3E8 Canada
(604) 689-7842
Sector: Mining
Description
Orca Gold Inc (TSXV:ORG) is a mineral exploration with operations in East Africa.
The mining company is currently developing its Block 14 Gold project in Northern Sudan towards production.
Under a recent preliminary economic assessment on the Block 14 Gold project, the firm confirmed and aims a gold production of nearly 200,000 ounces per year for at least 7 years.
Orca Gold consider the country as a highly prospective underdeveloped Nubian Shield. Sudan is said to be the second largest gold producing country in Africa.
The mining firm says that 100t gold was produced from artisanal and small-scale mining in Sudan in 2017.
The Black Gold project lies close to the borders of Sudan with Egypt. The firm says that the project can accessed through a sealed road to the Town of Abu Hamad along the River Nile then by desert road, the firm claims.
Orca Gold, formerly known as the Shark Metals, acquired a 70 per cent interest in the flagship project in in 2011 from a local partner.
Initially this project was a large land holding of 7046 sq kilometers and the exploration activities required satellite imagery to map the extensive artisanal mining. In 2011-2012, just after the acquisition, the firm commenced mining activities at the project.
In 2012, Orca Gold’s exploration activities lead to the discovery and identification of the Galat Sufar area in 2012. In 2014, the operations continued after several resources had already been estimated, and another resource, Wadi Doum was discovered along with an expansion of the resources at previously identified Galat Sufar South resource.
Various mineral resources were reportedly estimated and extracted from these resources in 2015-16.
Orca Gold’s property also comprises of water resource along 135 square kilometers.
The company holds water extraction permits for 980 sq km and till 2021, only 20 per cent of aquifer has been drilled.
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