Stock prices are dropping like the proverbial flies on markets throughout North America, but even in all the gloom and doom, there is space for positive developments. As so often happens when prices in other sectors descend, gold comes to the fore.
On Monday, the Vancouver-based miner known as Orca Gold Inc. (TSX-Venture: ORG) rode to the rescue, on developments regarding its properties in the Republic of the Sudan.
The East African nation swore in a new government last August under Prime Minister Abdullah Hamdok, which embarked upon an aggressive plan of economic reform and domestic and international political normalization.
These efforts are supported and encouraged by the international community, with the overall objective to bring Sudan back into the international marketplace and achieve national economic recovery and democracy.
The political change in Sudan is enhancing the prospects of Orca’s Block 14 gold project. Evolving economic policies and political stability are increasing funding options to bring Block 14 into production. Discussions with the new government of Sudan and potential investors towards this goal are ongoing.
Block 14 is one of the best development-ready projects in Africa and demonstrates the potential of Sudan to develop into one of the largest commercial gold producers in Africa.
ORG shares gained two cents early Monday afternoon, or 6.2%, to 34.5 cents, on volume of 1.6 million shares.
