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Orca considers dive underground

Orca Gold (CN:ORG) has raised the option of going underground at its Block 14 gold project in Sudan.
Orca considers dive underground Orca considers dive underground Orca considers dive underground Orca considers dive underground Orca considers dive underground

Further down we go: more deep drill is surely on the way

Staff reporter

Block 14 is currently planned as an openpit project, but Orca said recent drill results showed high-grade mineralisation far below the forecast pit level.

Orca said one intercept between 354.6 and 372m in Gulat Sufar South's east zone was 17.4m at 7.92g/t Au.

A different drill hole outside the resource between 400m and 411m returned 3.68g/t  over 11m.

Orca is working on a feasibility for Block 14 which is expected in the June quarter next year.

Orca CEO Rick Clark said underground mining was now on the table.

"The intercept in the high-grade shoot is not only impressive in grade but is also significant in width," he said.

"Ongoing drilling will further test this and other high grade structures at depth towards a review of underground options at both GSS and Wadi Doum."

GSS is currently planned as a two-pit operation, split between the main zone and larger east zone.

Toronto investors were not impressed by the idea.

Orca's share price fell 3% on opening to C$0.62 per share (US$0.49) after the announcement.