DAX+0,74 % EUR/USD+0,18 % Gold+0,30 % Öl (Brent)+0,16 %

Gold Chance im Sudan

Beitrag schreiben

Begriffe und/oder Benutzer


wenn ich mir hier so die shareholder anschaue dann kann ich nur sagen nicht schlecht:eek:
Lundin / Beaty / Kinross

das Interessante: US Treasury expected to remove sanctions on the Sudan on Oct. 12 2017
deep shareholder pocket: Lundin / Beaty / Kinross

das Interessante: US Treasury expected to remove sanctions on the Sudan on Oct. 12 2017

Share structure
Issued and Outstanding 150,788,106 shares
Fully Diluted 179,648,106 shares
Orca leaps on rising Sudan hopes
The discovery of a significant water resource is potentially “transformational” for the Block 14 gold project and its owner, Sudan first-mover Orca Gold (TSXV: ORG), which has seen a 32% surge in its share price in the past month or so as it advances work on a new feasibility study and counts down the days to a possible lifting of US sanctions on the African country.Respected Canadian mining figure Rick Clark – the former president and CEO of Red Back Mining – and former Red Back exploration VP Hugh Stuart said on a Mining Journal Americas Mining Agenda podcast at the 2017 Beaver Creek Precious Metals summit the scale of Sudan’s first modern gold mine at Block 14 on the Nubian Shield was not likely to be constrained by water now that a major new source of “virtually clean” water had been identified near the proposed project.

Clark and Stuart, and other former members of the Red Back team that delivered the Tasiast gold mine in Mauritania and sold the company, Red Back, for a staggering US$7.1 billion, have been working in Sudan for the past five years.

Orca has outlined more than 2.2 million ounces of indicated and inferred resources at Block 14, near Sudan’s northern border with Egypt, about 900km north of the capital, Khartoum. An earlier preliminary economic assessment (PEA) on a 3.4 million tonnes per annum project pointed to a positive (25%) IRR with gold at US$1,200/oz. That relied on a modest underground water supply to the north.

But the discovery of a significant new aquifer system south-west of the resource could allow Orca to target plant throughput of up to 6Mtpa, improving project economics before it restarts gold exploration after a two-year hiatus. It is two months into its new feasibility study.

Stuart said an estimated 20% of the aquifer system had been drilled.

“We’re 200km from the river (Nile) and you can’t build a gold mine without a supply of water,” he said on the Mining Agenda podcast.

“We made an initial discovery of water to the north of the project and the more work we did on that, frankly, the weaker it got. So we needed to nail the water question.

“The new discovery to the south-west of the project, which is a much cleaner source of water – it is practically fresh as opposed to saline in the other location, which has cost implications – is a much stronger and larger source of water.

“That discovery … has made a fundamental change to the nature of the project. We went from having an average project to actually having a fairly serious project – a very serious project – and we’re drilling that water at the moment to expand the resource to make it bigger, allowing us to expand mine throughput which will take it to another level.”

Water was one of three core messages delivered by Clark and Stuart during their Beaver Creek Precious Metals Summit presentation. The other two were focused on new drilling for resource extensions, and the looming decision on US sanctions.

“We’re now going to be exploring aggressively to improve the economic profile of the project and keep improving the resource and potentially finding other things on our land position [about 2,170sq.km],” Clark said.

Stuart, a veteran of Sub-Saharan gold exploration, said exploration so far had been relatively superficial.

“We haven’t done anything really smart,” he said. “We’ve basically just followed artisanal miners. A lot of gold deposits in Africa haven’t been found by smart geologists, they’ve been found by guys following the artisanal miners and that’s all we’ve done.”

Clark said on the Mining Journal podcast the Trump administration’s three-month delay to the lifting of sanctions previously authorised by the Obama government was due to end on October 12.

“The sanctions have really created a perception of Sudan being a bad place for everything … [such that no-one has been] prepared to do business there,” he said.

“The reality of it is that it has been more difficult to do business because the sanctions have meant you can’t use US dollars [and] it’s hard to do banking. It’s an effort to get around that.

“Economically I don’t think we’re going to see the floodgates open on October 13. Things are going to take months if not years to sink in.

“So I think our plan is to move forward the same way we have been.

“What I think it does change is getting corporates comfortable with Sudan, and making investments in the country. It changes banking. It means a lot more options on potential lenders.

“Over the two years it would take us to build a mine I expect the landscape in Sudan will be totally different.”
insider käufe:

Oct 4/17 Oct 3/17 Clark, Richard Peter Direct Ownership Common Shares 10 - Acquisition in the public market 113,000 $0.562
Oct 2/17 Oct 2/17 Clark, Richard Peter Direct Ownership Common Shares 10 - Acquisition in the public market 98,500 $0.566
Sep 28/17 Sep 28/17 Clark, Richard Peter Direct Ownership Common Shares 10 - Acquisition in the public market 28,500 $0.570
Sep 27/17 Sep 27/17 Clark, Richard Peter Direct Ownership Common Shares 10 - Acquisition in the public market 17,000 $0.566
Sep 26/17 Sep 26/17 Clark, Richard Peter Direct Ownership Common Shares 10 - Acquisition in the public market 66,500 $0.569
Sep 26/17 Sep 25/17 Clark, Richard Peter Direct Ownership Common Shares 10 - Acquisition in the public market 156,500 $0.569
Orca Gold Intersects 13m at 10.19g/t Au and 93.7m at 1.72g/t Au at its Block 14 Gold Project in Sudan

Vancouver, British Columbia, October 10, 2017 – Orca Gold Inc. (TSX.V:ORG) (“Orca” or the “Company”) is pleased to announce the first results from the current drilling campaign at its Block 14 gold project in Sudan.


First 7,625 metres of a 25,000-metre drill program have been completed with four diamond rigs at Galat Sufar South (GSS)

Results from initial drilling include several intercepts below Orca’s Revised PEA pits and outside current resource, indicating significant resource expansion potential

Highlights of drill results include:

GSDD015: 19.1 m at 3.98g/t Au and 48.0m at 1.96 g/t Au

GSDD016: 96.0m at 2.68g/t Au and 20.4m at 3.80 g/t Au

GSGT004: 39.5m at 4.94g/t Au and 13m at 10.19 g/t Au


To date, 7,625 metres of the 25,000-metre programme have been completed with four diamond core rigs currently operating at Galat Sufar South (GSS). The objectives of this programme are to increase in-pit resources, test the potential of resource expansion below the pit shells that formed the basis of the Revised PEA (News Release dated May 30, 2017) and to further define the mineralogical and geological models of the deposit.

The first holes at GSS confirm the potential for a significant increase in the resource base and are shown in the table below:

The bulk of the holes listed were drilled in the East Zone of the deposit (see Figure 1,2 and 3). Only two of the holes failed to intercept targeted mineralization. GSDD014 was intended to test the possible extension of a plunging shoot. A follow-up hole is planned to explore a steeper geological interpretation. GSDD019 intersected grade within the pit but then went into a barren andesite unit that separates the two sides of the East Zone.

Of particular significance, Hole GSGT004 intersected the Main Zone mineralisation close to surface and then continued through the PEA pit wall confirming and extending a high-grade zone (13m at 10.19 g/t Au) intersected in previous reverse circulation (RC) drilling (9m at 20.41 g/t (GSRC268) and 14m at 11.19 g/t Au (GSRC138). This zone has now been defined over 100 metres strike and is expected to be extended with further drilling as the programme progresses.

Commenting on these results, Rick Clark, CEO and Director of Orca, said, “The purpose of this current drill programme is to expand our resource and increase our understanding of the geology of this deposit and we are well on our way to accomplishing both these objectives. These first holes have intersected mineralisation over serious widths and clearly highlight the strength of this orebody. The early extension of a high-grade zone previously identified at GSS adds an even more exciting dimension to the project. We are busy at Block 14 and look forward to regularly updating our shareholders and the market on our progress.”

Figure 1 - Plan View of Block 14 Gold Project
Figure 2 - GSS East Zone Section 1
Figure 3 - GSS East Zone Section 2

Beitrag zu dieser Diskussion schreiben