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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.

Viewpoint > Mining-agenda

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.

Orca leaps on rising Sudan hopes

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.