Orca to begin construction of a gold mine in Sudan
(Kitco News) - Orca Gold (TSXV: ORG)announced today that the company and the Government of Sudan signed all the keydevelopment agreements to proceed with the formal construction of a largecommercial gold operation at the Block 14 gold project in northern Sudan.
"The signing ceremony inKhartoum was a momentous event to mark the payoff of a decade long push for acommercial gold industry in Sudan. With the clear message being sent by theSudan Government in concluding these material, modern, development agreements,we look forward to welcoming other mining companies in joining us on thisexciting journey," commented President and CEO Richard Clark.
"Contrary to mediareports of instability in the Sudanese political environment, we can confirmthat it has been business as usual for our operations to date. Despiteexperiencing some delivery delays due to issues at Port Sudan, the politicalclimate in Sudan continues to be extremely positive towards internationalinvestment and infrastructure development," he added.
Anticipating the successfulconclusion of negotiations with the Government of Sudan and the signing of thematerial development agreements, the company said it has continued in itspre-construction activities at Block 14.
"The first phase of thedevelopment camp construction is well advanced and scheduled for completionbefore year end. In addition to this construction, the first flight recentlylanded at Block 14's newly completed airstrip. Regular flights will now bescheduled in conjunction with operations and development requirements," thecompany said in a statement.
Orca Gold is a Canadianresource company focused on exploration and development opportunities inAfrica. The company is currently focused on its 70%-owned Block 14 gold projectin the Republic of the Sudan on which a Feasibility Study was completed inNovember 2018 and revised in September 2020.
By Vladimir BasovFor Kitco News
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