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 key development agreements to proceed with the formal construction of a large commercial gold operation at the Block 14 gold project in northern Sudan.
"The signing ceremony in Khartoum was a momentous event to mark the payoff of a decade long push for a commercial gold industry in Sudan. With the clear message being sent by the Sudan Government in concluding these material, modern, development agreements, we look forward to welcoming other mining companies in joining us on this exciting journey," commented President and CEO Richard Clark.
"Contrary to media reports of instability in the Sudanese political environment, we can confirm that it has been business as usual for our operations to date. Despite experiencing some delivery delays due to issues at Port Sudan, the political climate in Sudan continues to be extremely positive towards international investment and infrastructure development," he added.
Anticipating the successful conclusion of negotiations with the Government of Sudan and the signing of the material development agreements, the company said it has continued in its pre-construction activities at Block 14.
"The first phase of the development camp construction is well advanced and scheduled for completion before year end. In addition to this construction, the first flight recently landed at Block 14's newly completed airstrip. Regular flights will now be scheduled in conjunction with operations and development requirements," the company said in a statement.
Orca Gold is a Canadian resource company focused on exploration and development opportunities in Africa. The company is currently focused on its 70%-owned Block 14 gold project in the Republic of the Sudan on which a Feasibility Study was completed in November 2018 and revised in September 2020.