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10

MODERN MINING

November 2016

MINING News

Orca Gold Inc, listed on the TSX-V, has

announced the results from the first met-

allurgical core holes drilled at the Galat

Sufar South (GSS) deposit (which has indi-

cated resources of 26,3 Mt grading 1,77 g/t

and inferred resources of 10,0 Mt grad-

ing 1,70 g/t). Intercepts from the drilling

include up to 150 m grading 2,20 g/t.

The holes form part of the work pro-

gramme for the Pre-Feasibility Study (PFS).

The PFS is being managed by Lycopodium

and is scheduled for completion by the

end of Q1 2017.

GSS forms part of Orca’s Block 14 gold

project in Sudan. It is located close to

Sudan’s border with Egypt, 900 km north

of the capital Khartoum. Access to the

project is by sealed road along the eastern

bank of the River Nile to the town of Abu

Hamad and then via a well-used desert

road to the project area.

The PQ and HQ sized diamond drill

holes were drilled within the pit designs

used for the Preliminary Economic

Assessment (PEA) completed in July this

year in the Main and East Zones at GSS,

where the true width of mineralisation is

in excess of 65 m.

Commenting on the results, Richard

Clark, CEO and Director, said, “Whilst the

new holes are infill to provide both met-

allurgical information and infill assay

data for the PFS, they strongly re-iterate

and confirm the scale and width of the

mineralisation at Galat Sufar South. The

distribution of grade within these areas

Orca Gold announces Block 14 drilling results

The camp serving the Block 14 gold project in northern Sudan (photo: Orca Gold).

is remarkably consistent, lending itself to

open-pit mining with a waste: ore ratio of

2:1, defined by the PEA.

“A geotechnical core drilling pro-

gramme has also now been completed

(results pending) and two reverse circu-

lation rigs are now working on an infill

programme to convert inferred resources

within the PEA pits to indicated to enable

us to define a maiden ore reserve as part

of the PFS. We remain very excited by the

developing story at GSS and Block 14.”

Clark is a former President and CEO

of Red Back Mining, which was acquired

by Kinross Gold in late 2010. Other key

executives in Orca have a background

with Red Back. Hugh Stuart, Orca’s

President, was VP Exploration at Red

Back from 2003 and responsible for

the discovery of the Akwaaba Deeps

and Paboase underground deposits at

Chirano in Ghana and the Greenschist

zone at Tasiast in Mauritania, increasing

the company’s resources by plus 18 Moz.

Orca’s COO is Kevin Ross, who fulfilled

the same function at Red Back, where he

directed the development of the Akwaaba

Deeps underground mine, the Chirano

plant expansion, and the Tasiast plant

expansion.

Orca is contemplating a 1,8 Mt/a CIL

operation using contract mining at Block

14 with a gold production of 73 000 oz/a

over a mine life of 16 years. According to

the PEA, initial capex would be approxi-

mately US$123 million.

Giyani plans acquisition of manganese properties

Giyani Gold Corp, listed on the TSX-V, has

entered into a non-binding Letter of Intent

with Arnoldus Brand, director and owner of

Matsamo Gold Corp, Menzi Battery Metals

and Qakaza Diamond Corp, to acquire an

88-95 % interest in various prospecting

licences in Botswana that are highly pro-

spective for manganese. The significant

13 283 km

2

land package includes an appli-

cation for the Kgwakgwe Hill manganese

mine and also surrounds Rio Tinto’s recent

iron ore discovery.

“This acquisition positions Giyani with a

world class manganese project far ahead of

the curve before the global market realises

this product will perform similarly to

lithium with increased demand and price

performance,” comments Duane Parnham,

Giyani’s Executive Chairman.

“The location of this project has virtu-

ally untapped mineral potential within the

Kalahari Manganese Field that fits well with

our corporate strategy of acquiring raw

material to feed the growing battery indus-

try. The regional scale project with proven

historical production and drill cores con-

taining high-grade manganese, all within a

favourable mining jurisdiction, make this an

exceptional target to add and sustain share-

holder value.”