VANCOUVER, BC, May 3, 2021 /CNW/ - Orca Gold Inc. (TSXV:
ORG) ("Orca" or the "Company") is pleased to announce that
Mr. Richard Clark, President and CEO
of Orca, is invited to participate in the Paris Conference on
Sudan Business Forum (the "Forum") to be held at the MEDEF
International in Paris on
May 17, 2021. The Forum will serve as
a platform to showcase investment opportunities in Sudan in both the public and private sectors.
Political leaders and preeminent representatives from each sector
will attend the event where the economic reforms undertaken by the
Government of Sudan will be
presented. Orca will join Siemens Energy, General Electric and
Baker Hughes for the segment on Energy and Mining.
On April 28, 2021,
Orca participated in an official signing ceremony in Khartoum to mark the commencement of
constructing an air strip at the Company's Block 14 Gold Project in
Northern Sudan ("Block 14")
– see Figure 1. In attendance were Mr. Clark, the Minister of
Mines, Dr. Mohamed Bashir Abu Numo
and Salah Al Hag Dafalla, the General Manager of Aerodrome
Engineering Consultancy Company Ltd (AEC) along with other senior
officials of the Ministry, SMRC and Orca. The airstrip will
facilitate the development and operation of the gold mine at
Block 14.
"We have made tremendous progress on this latest trip to
Khartoum. We are in an ongoing
dialogue with the new Cabinet to move forward with the Company's
development plan of action and are pleased that Block 14 is being
recognized as the leading mining project in Sudan and will set the tone and be the example
of success to other foreign investors with an interest in the
country's mining sector," commented Mr. Clark. "I personally,
would like to thank his Excellency Minister Abu Numo and his
ministry for their support and look forward to continue to work
with the Minister, his staff and the Sudanese Government to
ensure advancements are achieved to establish a commercial gold
industry in Sudan."
On behalf of the Board of Directors,
"Richard P. Clark"
Richard P. Clark| CEO &
Director | Orca Gold Inc. | 604.689.7842
About Orca Gold Inc.
Orca Gold Inc. (TSX-V: ORG) is a Canadian resource
company focused on exploration and development opportunities in
Africa. Led by a board of
directors made up of industry experts and a management team with a
track record of discovering and building significant mines
globally, Orca is developing one of the leading gold projects 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.
Cautionary Statement Regarding Forward-Looking
Information
Certain information contained in this press release
constitutes "forward-looking information", within the
meaning of applicable Canadian and U.S. securities laws. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur", "be achieved" or "has
the potential to". The forward-looking information contained
herein is provided for the purpose of assisting
readers in understanding management's current expectations and
plans relating to the future. Readers
are cautioned that such information may not be
appropriate for other purposes.
Forward-looking statements contained in this press release
may include statements regarding the use of proceeds, the closing
of the Private Placement, the future operating or financial
performance of the Company and the financial metrics reported in
our feasibility study, which involve known and unknown risks and
uncertainties which may not prove to be accurate. Actual results
and outcomes may differ materially from what is expressed or
forecasted in these forward-looking statements. Such statements are
qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. Among those factors which could
cause actual results to differ materially are the following:
the requirement for regulatory approvals; enhanced uncertainty
in global financial markets as a result of the current COVID-19
pandemic; unquantifiable risks related to
government actions and interventions; stock
market volatility; regulatory restrictions; that the Feasibility
Study may not represent a viable development option for Block 14
and that the assumptions set out therein (particularly with respect
to the economics of Block 14) may prove to be untrue or inaccurate;
that actual Mineral Reserves and Resources at Block 14 and the
grades thereof may be less or different in nature than those
contained in the Feasibility Study; that the Company may not meet
the production estimates set out in the Feasibility Study; that the
life of mine at Block 14 may be shorter than anticipated; that the
Company may not receive the necessary permits on time, or at all;
risks related to cost overruns and the changes of the cost of
inputs; that the development and mining of Block 14 may experience
delays and may not proceed on the expected timeline, or at all;
that the Company may develop Block 14 in a different manner than is
set forth in the Feasibility Study and
other risk factors listed from time to time in our reports filed
with Canadian securities regulators on SEDAR at
www.sedar.com. The forward-looking statements included in
this press release are made as of the date of this press release
and the Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Orca Gold Inc.