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Orca Confirms Gold Discovery at Morondo Permit in Cote d’Ivoire

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Orca Confirms Gold Discovery at Morondo Permit in Cote d’Ivoire

 

 

 

 

 

Orca Gold Inc. (TSX-V:ORG) is pleased to announce that it has confirmed the discovery of a significant mineralised system at its Morondo gold exploration permit in Côte d’Ivoire (Figure 1).

 

 

Highlights

 

  • New drill intercepts of up to 48m at 1.62g/t Au (MRC054) and 94m at 1.12g/t Au (MRC053)
  • Confirmation and expansion of 2010 Red Back Mining Inc. discovery
  • Mineralisation over 600m strike and drilled to a depth of up to 170m
  • Excellent leaching characteristics in metallurgical test work with +/- 96% recovery in fresh rock

 

 

Morondo Drilling

 

 

Mineralisation at Morondo was first discovered by Red Back Mining in 2010 with intercepts of up to 66m at 1.53g/t gold from a programme of shallow, reverse circulation (“RC”) drilling (<60m vertical). Results in Table 1 below. A mineralised target over 600m in strike length was defined with a true width of up to 150m.

 

 

In December 2017, following the receipt of Ministerial approval for the acquisition of a portfolio of exploration permits and applications from Kinross Gold Corporation, Orca completed a short programme of 13 RC holes for 2,211m, testing the mineralisation at Morondo to a vertical depth of 170m. All holes successfully intersected the mineralisation (see Table 2 and Figure 2) over significant widths and up to a maximum of 170m from surface. The zone dips approximately 50° to the north west and is hosted in altered mafic volcanics containing disseminated pyrite.

 

 

In 2014, three samples of RC chips taken from fresh rock from the previous programme and containing disseminated sulphides, were submitted for leach test work at the SGS Metallurgical Laboratory in the United Kingdom. These samples returned an average recovery of 96% with moderate to low cyanide and lime consumption.

 

 

Based upon the success of our recent drilling, the next programme will include core drilling to confirm geology and provide further samples for metallurgical test work, RC drilling to expand the discovery and further surface exploration on this highly prospective permit.

 

 

Commenting on this first programme, Hugh Stuart, President and Director of Orca, said, “I have been waiting to get back on the ground at Morondo for a long time and it is great to be exploring in Côte d’Ivoire again. Our recent drilling programme clearly confirms the resource potential at Morondo first identified by the Red Back exploration team in 2009 – the wait has paid off!

 

 

Given the significant widths and shallow dip (50°) of the mineralisation combined with the excellent leach characteristics shown by early metallurgical test work, we see Morondo having the potential to be a large, low strip, bulk mineable project. Our intention is to fast track an economic analysis of this discovery starting with confirmation and expansion of the metallurgical work.

 

 

We are also active on the other properties within Orca’s extensive portfolio and look forward to reporting on the results from this exciting land package.”

 

 

Table 1: Previous Drill results

 

 

 

Hole   From   To   Metres   Au g/t
MRC002   49   63   14   0.73
MRC002   69   82   13   1.37
MRC002   92   100   8   0.65
MRC004   10   22   12   0.72
MRC005   8   20   12   0.61
MRC005   38   48   10   0.70
MRC006   2   22   20   0.70
MRC006   40   72   32   1.13
MRC007   22   66   44   0.99
MRC008   43   69   26   0.95
MRC008   76   113   37   1.08
MRC009   8   64   56   1.04
MRC009   70   88   18   0.70
MRC009   104   118   14   0.50
MRC010   2   10   8   0.63
MRC010   23   64   41   0.73
MRC010   79   83   4   3.38
MRC010   92   99   7   1.04
MRC011   47   78   31   0.47
MRC014   0   46   46   1.00
MRC014   56   66   10   1.29
MRC015   12   72   60   1.51
MRC016   0   42   42   1.08
MRC018   14   80   66   1.53
MRC019   6   44   38   1.37
MRC019   52   80   28   0.87
MRC020   0   24   24   1.33
MRC020   32   54   22   0.58
MRC021   0   20   20   1.21
MRC021   38   56   18   0.67
MRC022   0   32   32   0.81
MRC024   46   66   20   1.03
MRC026   36   64   28   0.68
MRC027   14   80   66   0.94
MRC028   2   14   12   1.15
MRC034   8   38   30   0.59
MRC050   18   62   44   0.87
 

Note: True widths are 90-100% of drilled intercepts

 

 

Table 2: 2017 Drill Results

 

 

 

Hole   From   To   Metres   Au g/t
MRC052   11   30   19   1.35
  49   54   5   1.15
  78   84   6   0.85
  101   133   32   1.23
  141   191   50   1.12
MRC053   36   43   7   1.71
  57   151   94   1.12
  168   173   5   1.10
  181   185   4   0.61
MRC054   0   13   13   0.93
  19   53   34   1.13
  61   109   48   1.62
  159   168   9   1.85
  172   180   8   0.73
MRC055   0   27   27   1.02
  36   72   36   1.39
  133   140   7   1.11
MRC056   0   30   30   1.00
  36   60   24   1.39
  68   74   6   0.57
  85   91   6   0.80
  101   109   8   0.96
MRC057   90   104   14   0.73
  111   146   35   1.09
MRC058   49   69   20   0.88
  75   128   53   1.31
  134   200   66   0.73
MRC059   0   25   25   1.56
  37   145   108   0.94
MRC060   0   33   33   1.51
  38   48   10   1.42
  57   69   12   0.81
  74   96   22   0.71
  112   122   10   0.59
MRC061   1   42   41   0.66
  55   79   24   0.61
MRC062   77   87   10   0.66
  108   115   7   0.99
  138   196   58   0.79
MRC063   75   117   42   0.83
  132   170   38   1.00
MRC064   6   86   80   0.89
 

Note: True widths are 90-100% of drilled intercepts

 

To view “Figure 1: Location of the Morondo Permit” please visit the following link:

http://media3.marketwire.com/docs/1106973_Fig1.png

 

To view “Figure 2: Morondo Drill Section Showing 2017 Results” please visit the following

link: http://media3.marketwire.com/docs/1106973_Fig2.png

 

 

About Orca Gold Inc.

 

 

Orca Gold Inc. is a Canadian resource company focused on exploration and development opportunities in Africa, where it is currently focused on the development of its 70%-owned Block 14 project in the Republic of the Sudan. The Company has an experienced board of directors and management team and a strong balance sheet.

 

Posted January 31, 2018

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