Orca Gold (ORG-V) May 26, '14 is pleased to provide an update on exploration at its Galat Sufar South ("GSS") prospect on its Block 14 mineral license in Sudan. (see Appendix A for plan map of Block 14).Prospective mineralization has been intersected at numerous targets within 2km of the current GSS Mineral Resource and this release highlights recent results from nine of these targets. The discovery of these occurrences supports the significant potential to increase the size of the resource at GSS.
To view the map associated with this release, please click the following link: media3.marketwire.com
On January 29, 2014 Orca announced an initial Mineral Resource at GSS comprising Indicated Resources of 22.2MT at 1.84g/t for 1.3 million ounces of gold and Inferred Resources of 6.5Mt at 1.9g/t for an additional 0.4 million ounces of gold. Since January, exploration has focussed on expanding the GSS resource base through an ongoing program of surface (trench and chip channel) sampling and preliminary drilling of new targets. Exploration over the last four months has included 7,410m of trenching, 1,741m of continuous chip channel sampling, 6,379m of reverse circulation (RC) drilling in 53 holes and 967m of diamond drilling (DD) in 5 holes.
The result of this work since January is the identification of 9 new targets which show real potential of adding to the already impressive resource inventory at GSS.
Carbonate Ridge Target
Recent exploration has identified gold mineralization in two zones, 500m apart. In the southwest zone, GSRC307 (reverse circulation hole) intersected 17m grading 8.20g/t (17m @6.21g/t cut) (from surface) and 10m at 2.42g/t whilst in the northeastern zone GSRC336 (reverse circulation hole) returned +1.4 g/t results over numerous and material widths.
| Hole | Type | From | To | Metres | Au g/t Uncut | Au g/t Cut to 10g/t | Area | | GSRC306 | RC | 19 | 25 | 6 | 5.83 | 5.51 | SW | | GSRC307 | RC | 2 | 19 | 17 | 8.20 | 6.21 | SW | | 25 | 35 | 10 | 2.42 | | SW | | 14HC334 | Channel | 85 | 135 | 50 | 1.34 | | SW | | 14TR096 | Trench | 118 | 130 | 12 | 1.73 | | SW | | 14TR099 | Trench | 28 | 38 | 10 | 1.13 | | SW | | GSRC336 | RC | 34 | 49 | 15 | 2.99 | 1.84 | NE | | 52 | 63 | 11 | 1.45 | | NE | | 67 | 80 | 13 | 1.38 | | NE | | 89 | 99 | 10 | 1.85 | | NE | | GSRC337 | RC | 51 | 58 | 7 | 4.73 | 4.71 | NE | | 75 | 83 | 8 | 1.26 | | NE | | 14HC338 | Channel | 115 | 155 | 40 | 0.51 | | NE | | 14HC159 | Channel | 50 | 80 | 30 | 1.07 | | NE |
Note: Drill intercepts are interpreted as between 65 and 85% of true width
Carbonate Ridge is a new style of mineralization at GSS with gold grades associated with silicified and dolomitized carbonates interbedded with volcanic schists.
The Gap Target
Surface work and drilling at the Gap target between the Main Zone and the East Zone at GSS has intersected north-south trending mineralization, including higher grades, over significant widths.
| Hole | Type | From | To | Metres | Au g/t Uncut | Au g/t Cut to 10g/t | | GSRC321 | RC | 19 | 22 | 3 | 1.35 | | | 36 | 41 | 5 | 6.86 | 5.05 | | 53 | 58 | 5 | 0.65 | | | 72 | 78 | 6 | 0.69 | | | 83 | 100 | 17 | 11.38 | 3.68 | | GSRC322 | RC | 12 | 36 | 24 | 0.88 | | | 39 | 42 | 3 | 1.35 | |
Note: Drill intercepts are interpreted as between 65 and 85% of true width
The Gap target is a separate north-south trending domain within GSS which remains open on strike.
East of East Target
Drilling at the East of East target, close to the eastern margin of the GSS resource, has intersected good grades and widths, including a high of 24m at 3.03g/t (24m@ 2.78g/t cut) in GSRC301. Three sections, 50m apart, were drilled at East of East based on strong results from trench and chip channel sampling.
| Hole | Type | From | To | Metres | Au g/t Uncut | Au g/t Cut to 10g/t | | GSRC300 | RC | 78 | 86 | 8 | 1.52 | | | 118 | 123 | 5 | 5.78 | | | GSRC301 | RC | 20 | 44 | 24 | 3.03 | 2.78 | | GSRC303 | RC | 16 | 37 | 21 | 1.82 | | | GSRC304 | RC | 0 | 17 | 17 | 1.63 | | | 34 | 42 | 8 | 1.57 | | | 67 | 75 | 8 | 1.73 | | | 81 | 87 | 6 | 3.26 | | | GSRC305 | RC | 26 | 30 | 4 | 2.00 | | | 45 | 51 | 6 | 3.37 | | | 14HC179 | Channel | 5 | 45 | 45 | 1.77 | | | 14HC181 | Channel | 80 | 115 | 35 | 1.30 | | | 14HC182 | Channel | 125 | 180 | 55 | 0.82 | | | 14HC090 | Channel | 280 | 320 | 40 | 1.23 | | | 340 | 385 | 45 | 1.03 | | | 14TR041B | Trench | 1612 | 1634 | 22 | 1.00 | |
Note: Drill intercepts are interpreted as between 65 and 85% of true width
East of East also represents a new style of mineralization at GSS with grade hosted in diorites containing a fine stockwork of thin quartz veins. Mineralisation is interpreted as being vertical and is open to the south.
Target G
To the west of the GSS resource, at Target G, exploration has defined mineralization over a strike length of 100m, open on strike in both directions. This new mineralized zone runs parallel to the 320 Zone within the GSS resource.
| Hole | Type | From | To | Metres | Au g/t Uncut | Au g/t Cut to 10g/t | | GSRC288 | RC | 24 | 69 | 45 | 1.10 | | | 75 | 83 | 8 | 1.15 | | | GSRC330 | RC | 35 | 42 | 7 | 1.18 | | | RC | 62 | 67 | 5 | 1.61 | | | RC | 76 | 85 | 9 | 1.06 | | | RC | 89 | 96 | 7 | 10.17 | 2.15 | | RC | 103 | 108 | 5 | 0.95 | | | GSRC331 | RC | 64 | 80 | 16 | 1.24 | | | RC | 129 | 132 | 3 | 3.28 | | | GSRC332 | RC | 81 | 84 | 3 | 1.60 | | | RC | 87 | 97 | 10 | 1.68 | |
Note: Drill intercepts are interpreted as between 65 and 85% of true width
Target K
At Target K, a single hole drilled below a trench intercept of 20m grading 1.24g/t, returned 40m grading 1.57g/t.
| Hole | Type | From | To | Metres | Au g/t Uncut | Au g/t Cut to 10g/t | | GSRC328 | RC | 36 | 76 | 40 | 1.57 | | | 81 | 84 | 3 | 1.08 | |
Note: Drill intercepts are interpreted as between 65 and 85% of true width
These results support the presence of a further, parallel zone, lying south west of the 320 Zone of the GSS resource.
North East Target
At the North East target, recent trench results of 30m at 1.55g/t and 24m at 1.21g/t have extended mineralization identified in earlier drilling. Further surface sampling is underway.
| Hole | Type | From | To | Metres | Au g/t Uncut | Au g/t Cut to 10g/t | | GSRC308 | RC | 14 | 18 | 4 | 2.53 | | | 83 | 89 | 6 | 1.54 | | | GSRC309 | RC | 14 | 22 | 8 | 1.40 | | | 85 | 100 | 15 | 2.32 | | | GSRC310 | RC | 10 | 19 | 9 | 2.08 | | | GSRC311 | RC | 90 | 93 | 3 | 1.52 | | | 14HC100 | Channel | 90 | 110 | 20 | 1.78 | | | 14TR046 | Trench | 14 | 42 | 28 | 1.98 | | | 14TR047 | Trench | 46 | 56 | 10 | 1.72 | | | 14TR153 | Trench | 2 | 26 | 24 | 1.21 | | | 14TR154 | Trench | 6 | 36 | 30 | 1.55 | |
Note: Drill intercepts are interpreted as between 65 and 85% of true width
Target N
At Target N initial trenching has defined a northeast trending mineralized zone which is now being followed up along strike.
| Hole | Type | From | To | Metres | Au g/t Uncut | Au g/t Cut to 10g/t | | 14TR113 | Trench | 2 | 32 | 30 | 0.77 | | | 14TR114 | Trench | 16 | 26 | 10 | 0.58 | | | 14TR115 | Trench | 14 | 26 | 12 | 0.44 | |
Target J
At Target J, three trenches were excavated to follow up on a high grade drill intercept in GSRC103 of 16m grading 8.47g/t (16m @ 5.57g/t cut) on the southern margin of the GSS resource. These trenches returned 18m at 2.79g/t, 22m at 3.61g/t and 26m grading 0.47g/t, respectively, and highlight new east-north-east trending mineralization in this area.
| Hole | Type | From | To | Metres | Au g/t Uncut | Au g/t Cut to 10g/t | | 14TR083 | Trench | 18 | 40 | 22 | 3.61 | 3.25 | | 14TR139 | Trench | 30 | 48 | 18 | 2.79 | | | 14TR082 | Trench | 20 | 46 | 26 | 0.47 | |
Target A
At Target A, 300m south of the GSS resource in an area of similar alteration and artisanal mining activity, surface sampling has defined a north west trending mineralized zone.
| Hole | Type | From | To | Metres | Au g/t Uncut | Au g/t Cut to 10g/t | | 14HC466 | Channel | 60 | 90 | 30 | 1.63 | | | 14TR111 | Trench | 0 | 18 | 18 | 1.05 | | | 14TR110 | Trench | 12 | 26 | 14 | 1.18 | | | 14HC096 | Channel | 35 | 55 | 20 | 0.83 | |
Commenting on the discovery of numerous targets in close proximity to the Galat Surfar Resource area, Simon Jackson, President and CEO, said, "Our latest new target identification program at Block 14 supports the real potential to expand the GSS resource. We are excited by the number and quality of these new targets and in a new exploration program will work to rapidly assess the potential of these targets towards adding to the Initial Mineral Resource at GSS. Orca is an enviable position to continue exploration at GSS and at our new high grade EG3.2 discovery on Block 14, (News Release: May 12, 2014) with a solid balance sheet of over $40 million in cash. We look forward to expanding GSS and working towards an initial resource estimate at EG3.2."
About Orca
Orca Gold Inc. is a Canadian resource company focussed on exploration opportunities in Africa. The Company has an experienced board of directors and management team and a strong balance sheet that includes a substantial treasury.
The technical contents of this release have been approved by Hugh Stuart, BSc, MSc, a Qualified Person pursuant to NI-43101. Mr. Stuart is the Vice President Exploration of the Company and a Chartered Geologist and Fellow of the Geological Society of London.
Samples used for the results described herein are 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 are taken and blanks and standards are added to every batch submitted.
On behalf of the Board of Directors:
Simon Jackson, President, CEO and Director |
