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Resolute invests in Orca

Gold miner Resolute Mining (ASX:RSG) has made an innovative investment in Sudan-focused explorer Orca Gold (TSXV: ORG), the latest in a list of investments made in juniors over the past year as it seeks to secure future growth opportunities.

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Resolute has acquired a 15% interest in Sudan-focused Orca Gold

Resolute will invest just over A$11 million (US$8.3 million) cash plus issue Orca with more than $11 million worth of its ASX-listed shares to the Canadian-headquartered company for a 15% stake.