Orca Gold Drills 123 m of 1.96 g/t Au at Block 14

Orca Gold Inc. TSX _V: ORG has released the results of the new geological interpretation at the company’s block 14 gold project in the Republic of the Sudan.

Highlights

  • Drilling on a new azimuth proves new geological interpretation;
  • Resources at Galat Sufar South (GSS) continue to increase;
  • Twenty-five of 27 new drill holes on the new azimuth intercept mineralization;
  • Significant intercepts include:
    • GSRC727: 123 metres at 1.96 grams per tonne Au (true width: 45 metres);
    • GSRC728: 50 metres at 3.05 g/t Au (true width: 25 metres);
    • GSCR731: 12 metres at 8.36 g/t Au (true width: 11 metres).
  • New mineralized (hanging wall) zone discovered.

Block 14 gold project

Drilling at block 14 resumed in February, 2018, and continues to test a new geological interpretation of the GSS deposit developed in Q4 2017. The new model emerged from a reinterpretation of previous drilling, a directed diamond drill program and a detailed examination of structural controls influencing the mineralization. A new drilling azimuth was then applied resulting in a more accurate and comprehensive delineation of the mineralization — 25 of 27 holes drilled to date on this azimuth have successfully intersected mineralization, confirming the new geological interpretation at GSS.

The attached table entitled, “New Reverse Circulation Drill Results,” reports assay results for the balance of the 27 holes drilled under the new geological interpretation. As anticipated, some holes drilled in areas where the block model previously lacked data and the material was regarded as waste, intercepted mineralization and returned better than anticipated grades. Results from previously announced drilling on the new azimuth are outlined in the attached table entitled, “Previously Reported Results.”

Drilling based on this new modelling will continue toward an increase in the pit resource at GSS and resource expansion beyond the current pit design, particularly in respect of a new and significant mineralized zone (12 metres at 8.36 g/t Au) identified in the hanging wall of the East zone.

        NEW REVERSE CIRCULATION DRILL RESULTS
 
Hole           From      To     Metres     Au g/t uncut

GSRC721          32      43         11             0.82        
                 74     136         62              1.6        
GSRC722          71      90         19             1.12        
GSRC723          44      74         30             3.13        
                 82      89          7             1.02        
GSRC724           3      23         20             1.08        
                 46      53          7             1.53        
                 84      97         13             0.78        
                105     113          8             1.01        
                123     159         36             2.44        
GSRC725           0      25         25             1.27        
                 37      63         26             1.57        
                133     160         27             2.41        
                180     201         21             2.34        
                207     220         13              1.3        
GSRC726          41      64         23             3.16        
                 99     121         22             1.59        
                128     139         11             0.78        
GSRC727          41     164        123             1.96        
                218     259         41             2.07        
GSRC728          38      72         34             1.09        
                144     194         50             3.05        
GSRC729         137     164         27             1.87        
GSRC730          17      51         34             1.97        
GSRC731         112     124         12             8.36        
GSRC732         234     241          7             1.11        
GSRC733          60      99         39             1.29        
GSRC734           3      64         61             1.67        
GSRC735          32     110         78             1.92        
GSRC736          41      63         22             0.79        

Note: GSRC721 to GSRC726 were drilled in Q4 2017 and 
holes GSRC727 to GSRC736 were drilled in Q1 2018. True 
widths are on average 60 per cent of drilled intercept.
               PREVIOUSLY REPORTED RESULTS

Hole            From        To       Metres     Au g/t uncut

GSDD033           38        60           22             2.72
                 102       121           19             0.83
GSDD034          123     159.2         36.2              1.3
GSDD036           70        94           24             2.03
               104.3     115.1         10.8             2.62
GSDD041           66       197          131             1.73
                 213       222            9             0.84
                 242       249            7             1.15
GSDD044          102       109            7             2.82
               235.1     273.6         38.5             1.79
                 282       293           11             1.29
GSDD045           91       253          162             2.01
GSDD048          234       316           82             2.21
                 323       339           16             1.35
GSDD049           32        39            7              1.9
                  77        97           20             0.76
                 342     357.7         24.1             2.65
               367.8       387         19.2             1.01
GSRC718            3        19           16             0.68
                 113       153           40             1.56
                 167       187           20             1.05
GSRC719          150       162           12             1.19
                 166       190           24             2.45
GSRC720           50        56            6             1.37
                  66        82           16             1.44
                  97       129           32             0.84
                 135       149           14             0.87
                 176       210           34             1.03

Note: Holes GSDD033 to GSRC726 were drilled in Q4 2017 
and are included in the current resource. True widths 
are on average 60 per cent of drilled intercept.

Commenting on the success of the recent drilling at GSS, Richard Clark, chief executive officer of Orca, said: “Drilling at the end of 2017 and early 2018 has proven the new geological model of mineralization at GSS. This success is allowing us to rapidly fill in the blanks of the block model and target new mineralization previously unidentified. Although the drill database had to be cut off at the end of fiscal 2017 for the purposes of our feasibility study, we are confident that drilling this year will materially increase resources in the current pit designs and significantly add to the global resource at GSS. As our understanding increases, this project continues to impress and grow. More importantly, we have only tested a small portion of our 2,170-square-kilometre concession to date.”

Qualified person statement

The technical contents of this release have been approved by Hugh Stuart, BSc, MSc, a qualified person pursuant to National Instrument 43-101. Mr. Stuart is the president of the company, a chartered geologist, and fellow of the Geological Society of London. Samples used for the results described herein are prepared and analyzed, in compliance with industry standards, by fire assay using a 50-gram charge at the ALS Chemex facility at Rosia Montana in Romania. Field duplicate samples are taken and blanks and standards are added to every batch submitted.

About Orca Gold Inc.

Orca Gold is a Canadian resource company focused on exploration and development opportunities in Africa. Led by a board of directors made up of industry experts and a management team with a record of discovering and building significant mines globally, Orca is developing one of the leading gold projects in Africa.

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