TSX: ORG
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Advancing a Leading Gold Development Project in Africa

Emerging 200,000+ oz gold producer in Sudan

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TSX:ORG

0.52
-0.01
21,705
Last updated: 2021-12-03

About Company

Orca Gold Inc. (TSX-V: ORG) (“Orca” or the “Company”) is a Canadian public company engaged in the exploration and development of mineral properties in East Africa. Orca is currently advancing its 70%-owned Block 14 Gold Project (the “Project”) in northern Sudan towards a production decision.

The Company also owns 30% of Montage Gold Corp. (TSX-V:MAU), which has a gold project in Côte d’Ivoire, which holds a 100% interest in the 4.3Moz Koné gold project in Côte d’Ivoire and aims to complete a Feasibility Study by the end of 2021.

BLOCK 14 GOLD PROJECT

Project Location
Northern Sudan
Project Profile
228,000oz/year is years 1-7
LOM is 167,000oz/yr
Project Lifespan
+13 years

The Block 14 Gold Project is located close to Sudan’s border with Egypt, 900km north of the capital Khartoum. The Block 14 exploration license covers 1,000km2 and has an Indicated resource of +3.3Moz gold and a probable reserve of 79.94 Mt at 1.11 g/t for 2.85Moz of gold. The Revised Feasibility Study completed on the Project in September 2000 indicates a significant production profile averaging 228,000 oz gold per year and strong economics including an all-in-sustaining cash cost of $751/oz and a NPV5% of $607 million. At a gold price of $1,900/oz the NPV5% exceeds $1 billion.

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MONTAGE GOLD CORP.

The Company’s flagship Koné Gold Project, located in northwest Côte d’Ivoire, currently hosts an Inferred Mineral Resource of 123Mt grading 0.80 g/t for 3.16Moz of gold. an Indicated Mineral Resource estimate comprising of 225Mt grading 0.59g/t for 4.27Moz at a 0.20g/t cut-off grade and an Inferred Mineral Resource estimate of 22Mt grading 0.45g/t for 0.32Moz at a 0.20g/t cut-off grade.

Visit MontageGoldCorp.com

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