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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (1063)8/21/2013 3:48:28 AM
From: Goose94Respond to of 203085
 
ORG-V wants to go, but waiting for the starting pistol shot.



To: Goose94 who wrote (1063)12/1/2013 9:01:07 PM
From: Goose94Respond to of 203085
 
ORG-V cash $51 million (as of Sept 30, '13)



To: Goose94 who wrote (1063)5/12/2014 8:43:31 AM
From: Goose94Read Replies (1) | Respond to of 203085
 
Orca Gold (ORG-V) May 12, '14 is pleased to announce a new discovery at its Block 14 mineral licence in Sudan. Drills 14 m of 65.79 g/t Au at block 14

Recent first pass RC drilling (4 holes totaling 481m) at the EG3.2 prospect in Block 14 (see map appended) has returned significant widths of lower grade mineralisation surrounding substantial high grade intercepts:





Hole

From

To

Metres

Au g/t Uncut

Au g/t Cut to 10g/t

Au g/t Cut to 20g/t

GSRC339

9

23

14

65.79

7.04

10.99

28

34

6

1.22





55

63

8

1.61





70

79

9

6.76

3.71

5.93

82

86

4

1.37





GSRC340

42

46

4

0.62





68

73

5

1.97





77

94

17

1.56





97

126

29

1.26

1.23

1.26

134

138

4

0.55





GSRC341

29

50

21

19.35

4.94

6.77

56

59

3

3.31





92

96

4

1.34





GSRC342

6

13

7

7.07

3.13

4.56

19

25

6

1.03





30

61

31

1.25





71

80

9

2.03

2.02

2.03



Note: Holes are drilled at -55° and as such true widths are interpreted as being 57 to 75% of intercept length.

This first pass drill program was designed to test one of 3 areas of artisanal activity at EG3.2 where chip channel sampling previously returned 13m at 3.15g/t and 20m grading 1.24g/t within an area of workings of 150m by 65m.

Mineralisation is hosted by intensely sericite and silica altered diorite containing up to 5% disseminated sulphides in the form of pyrite. The mineralisation strikes north-north-east and is notable for the lack of quartz veining.

Chip channel sampling of the other two areas of workings, which are interpreted as being on parallel structures 100-150m to the east, returned 30m at 1.38g/t, 25m at 0.48g/t and 25m grading 2.62g/t

The discovery at EG3.2 is significant as it is the first time at Block 14 that the Company has encountered high grade intercepts in the eastern part of the 7,046km2 Block 14 license. Numerous other targets have been generated using geochemistry and generative exploration and remain to be drilled.

Exploration to date by Orca has focused on the Galat Sufar South (“GSS”) area, 60km to the west of EG3.2. Orca announced an initial Mineral Resource at GSS on January 29, 2014 comprising an Indicated Resource of 22.2MT at 1.84g/t for 1.3 million ounces gold and an Inferred Resource of 6.5Mt at 1.9g/t for an additional 400,000 ounces gold. Greater than 90% of the Mineral Resource is within 100 metres of surface.

Simon Jackson, President and CEO, said, “We are excited by the high grade intercepts at EG3.2. This drill program was our first in the Eastern portion of the license and these initial results support our belief that Block 14 will host multiple gold deposits. We will continue to expand our exploration at EG3.2 to target the parallel zones to the east. Exploration is ongoing in other areas of Block 14 and we will keep the market informed as we move forward.”

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



For further information contact:

Simon Jackson, Ph. 604 689 7842