Orca Gold Inc. (TSX-V: ORG) is a Canadian public company engaged in the acquisition and exploration of mineral properties in North and West Africa. Orca's principal asset is the Block 14 gold project, located in northern Sudan (near the border with Egypt).
The Project hosts an Indicated Resource of 30.6 Mt grading 1.82 g/t for 1.792 Moz of gold and an Inferred Resource of 9.7 Mt grading 1.7 g/t for an additional 0.536 Moz (at a 1g/t cut off).
A Preliminary Economic Assessment (PEA) was completed on the Block 14 project in July 2016 which has been updated in May 2017. On the strength of the latest study in addition to the discovery of a significant water aquifer that will support a larger operation, the Company is proceeding directly to a Feasibility Study (FS), which is scheduled for completion in March 2018.
In February 2017, Orca announced a deal with Kinross Gold Corporation whereby Orca will acquire all of Kinross' property rights and interests in the West African country of Côte d'Ivoire. Upon closing of this transaction Kinross will own an 8.6 % interest in Orca. Orca intends to immediately commence exploration on this very prospective property package.