VANCOUVER, British Columbia, April 02, 2018 (GLOBE NEWSWIRE) -- Orca Gold Inc. (ORG.V) (“Orca” or the “Company”) is pleased to announce successful drilling on 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”), in-pit and outside current design, continue to increase
   
• 25 of 27 new drill holes on the new azimuth intercept mineralization
   
• Significant intercepts include:
  • GSRC727: 123.0 m at 1.96 g/t Au (True Width (TW): 45m)
  • GSRC728: 50.0 m at 3.05 g/t Au (TW:25m)
  • GSCR731: 12.0 m at 8.36 g/t Au (TW:11m)
     
• New mineralized (Hanging Wall) zone discovered

Block 14 Gold Project

Drilling at Block 14 resumed in February this year 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 programme and a detailed examination of structural controls influencing the mineralisation. 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.

Table 1 below 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 Table 2 below (see Company News Release on January 9, 2018).

Drilling based on this new modeling will continue towards a further increase in the in-pit resource at GSS and resource expansion beyond the current pit design, particularly in respect of a new and significant mineralized zone (12.0 m at 8.36 g/t Au) identified in the hanging wall of the East Zone (See Figure 1 & 2).

Table 1: New Reverse Circulation Drill Results

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% of drilled intercept.

Table 2: Previously Reported Results

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

Commenting on the success of the recent drilling at GSS, Richard Clark, CEO of Orca Gold 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 2017 for the purposes of our Feasibility Study, we are confident that ongoing 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 2,170km² concession to date.”

About Orca Gold Inc.

Orca Gold Inc. (ORG.V) 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 track record of discovering and building significant mines globally, Orca is developing one of the leading gold projects in Africa. The Company is currently focused on completing a Feasibility Study on its 70%-owned Block 14 gold project in the Republic of the Sudan and is actively conducting exploration on its strategic portfolio of highly prospective gold properties in Côte d’Ivoire.

Qualified Person’s Statement

The technical contents of this release have been approved by Hugh Stuart, BSc, MSc, a Qualified Person pursuant to NI 43-101. Mr. Stuart is President of the Company and a Chartered Geologist and Fellow of the Geological Society of London. Samples used for the results described herein are prepared and analyzed by fire assay using a 50 gram charge at the ALS Chemex facility at Rosia Montana in Romania in compliance with industry standards. Field duplicate samples are taken and blanks and standards are added to every batch submitted.

For Further Information, Contact:
Elina Chow
Investor Relations
Catch Advisory Group Inc.
416.645.0935 x 226
info@orcagold.com

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws, including statements regarding Orca’s (the “Company”, the “Corporation”, “we” or “our”) plans and expectations relating to the Block 14 project (“Block 14”) in northern Sudan and the Feasibility Study (“FS”) currently being conducted by the Corporation. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning mineral resource estimates may also be deemed to constitute “forward-looking statements” to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. The assumptions, risk and uncertainties outlined below are non-exhaustive. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of the Corporation, or industry results, may vary materially from those described in this presentation.