Charlottesville, VA, United States
Charlottesville, VA, United States

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GCS Inc | Date: 2016-10-20

One or more specific embodiments includes a method for providing an estimated formation pressure comprising modifying a first data set to derive a second data set that corresponds to estimated pressures wherein modifying the first data set comprises using a variable matrix factor and a compaction coefficient.


News Article | May 16, 2017
Site: www.prnewswire.com

Browse 72 market data Tables and 56 Figures spread through 140 Pages and in-depth TOC on "Unmanned Surface Vehicle (USV) Market" Early buyers will receive 10% customization on this report. This growth can be attributed to rising demand for maritime security, protection of shallow waters & ports, and need for ocean data & mapping, globally. "Defense segment expected to grow at the highest CAGR during the forecast period" The defense segment is expected to grow at a highest CAGR due to huge demand from navies across the world for purposes such as surveillance, reconnaissance, anti-submarine warfare, and mine countermeasures. Most of the players have invested into large sized USVs for combat operations, cargo supply, and lethal and non-lethal armament among others. "The sensors segment of the unmanned surface vehicle market is expected to grow at the highest CAGR during the forecast period" In terms of payload, the unmanned surface vehicle market has been segmented into sonars, sensors, camera, visual systems, INS, X-band radars, and others. The camera segment dominates the market. Cameras are cost-effective and provides ample opportunities for more advanced technological developments in near future. The sensor segment is projected to grow at the highest CAGR during the forecast period. "North America and European region show the highest potential for implementation of Unmanned Surface Vehicles" The unmanned surface vehicle market is dominated by North America, as of 2015, owing to the technological advancements and the growing terrorist activities in the region. The market is driven by increasing demand for water quality monitoring, ocean data mapping, asymmetric threats, and maritime security. In the European region, USVs are used in mine countermeasures (MCM) and focus is on to build new MCM-dedicated vessels. Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=220162588 The major players in this market have been identified to be ASV Unmanned Marine Systems (U.K.), Teledyne Technologies, Inc. (U.S.), Textron Inc. (U.S.), and Elbit Systems Ltd. (Israel), among others. Unmanned Underwater Vehicles (UUV) Market by Type (Remotely Operated Vehicle & Autonomous Underwater Vehicle), ROV & AUV Market by Application, by Product, by Propulsion System, by Payload & by Geography - Global Forecasts to 2020 http://www.marketsandmarkets.com/Market-Reports/unmanned-underwater-vehicles-market-140710720.html Unmanned Aerial Vehicle (UAV) Market by Application, Class (Mini, Micro, Nano, Tactical, MALE, HALE, UCAV), SubSystem (GCS, Data Link, Software), Energy Source, Material Type, Payload and Region - Global Forecast to 2022 http://www.marketsandmarkets.com/Market-Reports/unmanned-aerial-vehicles-uav-market-662.html MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


News Article | May 16, 2017
Site: www.prnewswire.co.uk

Browse 72 market data Tables and 56 Figures spread through 140 Pages and in-depth TOC on "Unmanned Surface Vehicle (USV) Market" Early buyers will receive 10% customization on this report. This growth can be attributed to rising demand for maritime security, protection of shallow waters & ports, and need for ocean data & mapping, globally. "Defense segment expected to grow at the highest CAGR during the forecast period" The defense segment is expected to grow at a highest CAGR due to huge demand from navies across the world for purposes such as surveillance, reconnaissance, anti-submarine warfare, and mine countermeasures. Most of the players have invested into large sized USVs for combat operations, cargo supply, and lethal and non-lethal armament among others. "The sensors segment of the unmanned surface vehicle market is expected to grow at the highest CAGR during the forecast period" In terms of payload, the unmanned surface vehicle market has been segmented into sonars, sensors, camera, visual systems, INS, X-band radars, and others. The camera segment dominates the market. Cameras are cost-effective and provides ample opportunities for more advanced technological developments in near future. The sensor segment is projected to grow at the highest CAGR during the forecast period. "North America and European region show the highest potential for implementation of Unmanned Surface Vehicles" The unmanned surface vehicle market is dominated by North America, as of 2015, owing to the technological advancements and the growing terrorist activities in the region. The market is driven by increasing demand for water quality monitoring, ocean data mapping, asymmetric threats, and maritime security. In the European region, USVs are used in mine countermeasures (MCM) and focus is on to build new MCM-dedicated vessels. Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=220162588 The major players in this market have been identified to be ASV Unmanned Marine Systems (U.K.), Teledyne Technologies, Inc. (U.S.), Textron Inc. (U.S.), and Elbit Systems Ltd. (Israel), among others. Unmanned Underwater Vehicles (UUV) Market by Type (Remotely Operated Vehicle & Autonomous Underwater Vehicle), ROV & AUV Market by Application, by Product, by Propulsion System, by Payload & by Geography - Global Forecasts to 2020 http://www.marketsandmarkets.com/Market-Reports/unmanned-underwater-vehicles-market-140710720.html Unmanned Aerial Vehicle (UAV) Market by Application, Class (Mini, Micro, Nano, Tactical, MALE, HALE, UCAV), SubSystem (GCS, Data Link, Software), Energy Source, Material Type, Payload and Region - Global Forecast to 2022 http://www.marketsandmarkets.com/Market-Reports/unmanned-aerial-vehicles-uav-market-662.html MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


News Article | May 15, 2017
Site: www.eurekalert.org

The Gauss Centre for Supercomputing (GCS) approved 30 large-scale projects during the 17th call for large-scale proposals, set to run from May 1, 2017 to April 30, 2018. Combined, these projects received 2.1 billion core hours, marking the highest total ever delivered by the three GCS centres -- the High Performance Computing Center Stuttgart (HLRS), Jülich Supercomputing Centre (JSC), and Leibniz Computing Centre of the Bavarian Academy of Sciences and Humanities (LRZ). In addition to delivering record-breaking allocation time, GCS also broke records in proposals received and number of allocations awarded. GCS awards large-scale allocations to researchers studying earth and climate sciences, chemistry, particle physics, materials science, astrophysics, and scientific engineering, among other research areas of great importance to society. Of the 30 projects, four were granted allocations exceeding 100 million core-hours -- another first for GCS -- speaking to users' increasingly strong command of making the best possible use of the various GCS centres' flagship supercomputers. "As we continue to provide world-class computing resources and user support at our three GCS facilities, our user base continues to expand based on the wide variety of excellent proposals we receive during each successive large-scale call," said Dr. Dietmar Kröner, University of Freiburg Professor and Chairman of the GCS Scientific Steering Committee. "We have tough decisions to make, as we only have so many core-hours per year, and the proposals continue to get better each year." Several of the largest allocations are benefiting from the variety of architectures offered through the three GCS centres. A team led by Dr. Matthias Meinke of RWTH Aachen University received a total of 335 million core hours--250 million at HLRS and 85 million at JSC--for a project dedicated to understanding turbulence, one of the last major unsolved fluid dynamics problems. The team studies turbulence as it relates to jet engine dynamics, and its research is focused on creating quieter, safer, more fuel efficient jet engines. A team of astrophysicists led by Dr. Hans-Thomas Janka of the Max Planck Institute for Astrophysics was granted 120 million core hours on LRZ's SuperMUC system to simulate supernovas--the death and explosion of stars, and one of the main ways that heavy elements travel across the universe. In previous allocations, the team was able to create one of the first first-principle simulations of a 3D supernova, and plans to expand its research to more accurately understand the volatile, dynamic processes that govern the formation of neutrinos and gravitational waves occurring after a supernova. Supercomputing has become an indispensable tool in studying the smallest, most fundamental building blocks of matter known to man--the quarks and gluons that make up protons and neutrons, and, in turn, our world. A research group based at the Department of Theoretical Physics at the University of Wuppertal is benefitting from two separate allocations--one of which uses both HLRS and JSC resources, while the other is solely based at JSC -- to more deeply understand the mysterious subatomic world: Dr. Szabolcs Borsányi leads a project aiming to make the first-ever estimate of sheer viscosity of the quark-gluon plasma--a novel state of matter that exists only at extremely high temperatures, making it very hard to study experimentally. The project was granted 35 million core hours on JSC's JUQUEEN. Prof. Dr. Zoltán Fodor was granted 130 million core-hours on HLRS's Hazel Hen and 78 million core-hours on JUQUEEN to support large-scale international experimental work being done at the Large Hadron Collider in Switzerland and the Relativistic Heavy Ion Collider in the United States. The team uses HPC to more fully understand phase transitions within quantum chromodynamics -- the behaviour of subatomic particles under extreme pressure or temperature conditions. For a complete list of projects, please visit: http://www. About GCS Large-Scale Projects: In accordance with the GCS mission, all researchers in Germany are eligible to apply for computing time on the petascale HPC systems of Germany's leading supercomputing institution. Projects are classified as "large-scale" if they are allocated more than 35 million core-hours in a given year at a GCS member centre's high-end system. Computing time is allocated by the GCS Scientific Steering Committee to ground-breaking projects which seek solutions to long-standing complex science and engineering process that cannot be solved without access to world-leading computing systems. The projects are evaluated through a strict peer review process on the basis of the project's scientific and technical excellence. More information on the application process for a large-scale project can be found at: http://www. About GCS: The Gauss Centre for Supercomputing (GCS) combines the three German national supercomputing centres HLRS (High Performance Computing Center Stuttgart), JSC (Jülich Supercomputing Centre), and LRZ (Leibniz Supercomputing Centre, Garching near Munich) into Germany's integrated Tier-0 supercomputing institution. Together, the three centres provide the largest, most powerful supercomputing infrastructure in all of Europe to serve a wide range of academic and industrial research activities in various disciplines. They also provide top-tier training and education for the national as well as the European High Performance Computing (HPC) community. GCS is the German member of PRACE (Partnership for Advanced Computing in Europe), an international non-profit association consisting of 24 member countries, whose representative organizations create a pan-European supercomputing infrastructure, providing access to computing and data management resources and services for large-scale scientific and engineering applications at the highest performance level. GCS is jointly funded by the German Federal Ministry of Education and Research and the federal states of Baden-Württemberg, Bavaria, and North Rhine-Westphalia. It is headquartered in Berlin, Germany.


Receive press releases from BIA of Southern California: By Email BIASC CEO to Speak at Trending Topics in Contracting for 2017 4th Annual Educational Symposium BIASC CEO Mike Balsamo, has been invited to speak on a panel at the Trending Topics in Contracting for 2017 4th Annual Educational Symposium on Thursday, April 27, 2017 at Brandman University, Irvine. Irvine, CA, April 27, 2017 --( The National Contract Management Association, Orange County will host the day-long educational, networking, and professional development event at the Brandman University in Irvine. The focus of the symposium is education and the best practices and guiding principles for contract management. Balsamo the joins the list of industry professionals at the Symposium along with Virginia Abadessa, Director of Contracts Administration and Materials Management at OCTA; Ryan Segarra Blaney, Esq., who manages contracts for the Advanced Technology Division of Southern California Edison; Lauren Casapulla Contracts Manager, Tecolote Research, Inc., Goleta, CA; Nick Sanders Manager, Government Compliance, General Atomics Aeronautical Systems, Inc., and Apogee Consulting, Inc.; Pamela L. Solis, CCCM, CFCM, CPCM, Fellow, Lead Manager, RRS Contracts, Harris Corp. – Electronic Systems; Dean G. Stathakis, Ph.D., Esq., Registered patent attorney and President/Chief Operations Officer of One3 IP Management; Glenn Sweatt, Esq., Counsel, Pillsbury Law, Palo Alto, CA, Government Contracts & Disputes Practice; and Edward Velasquez, CPCM, NCMA Fellow, President and CEO of Capitol GCS, Inc. About the Building Industry Association of Southern California, Inc.: BIASC is a full-service organization providing legislative advocacy, educational programming, labor relations, networking, and community relations. The association objective is to promote a positive business environment for the building industry. http://www.biasc.org/ Irvine, CA, April 27, 2017 --( PR.com )-- The Building Industry Association of Southern California, Inc. (BIASC) CEO Mike Balsamo has been invited to speak on a panel at the Trending Topics in Contracting for 2017 4th Annual Educational Symposium on Thursday, April 27, 2017 at Brandman University, Irvine. Balsamo will give a talk titled, Current Trends in Residential Construction Contracting, at 1:30 p.m.The National Contract Management Association, Orange County will host the day-long educational, networking, and professional development event at the Brandman University in Irvine. The focus of the symposium is education and the best practices and guiding principles for contract management.Balsamo the joins the list of industry professionals at the Symposium along with Virginia Abadessa, Director of Contracts Administration and Materials Management at OCTA; Ryan Segarra Blaney, Esq., who manages contracts for the Advanced Technology Division of Southern California Edison; Lauren Casapulla Contracts Manager, Tecolote Research, Inc., Goleta, CA; Nick Sanders Manager, Government Compliance, General Atomics Aeronautical Systems, Inc., and Apogee Consulting, Inc.; Pamela L. Solis, CCCM, CFCM, CPCM, Fellow, Lead Manager, RRS Contracts, Harris Corp. – Electronic Systems; Dean G. Stathakis, Ph.D., Esq., Registered patent attorney and President/Chief Operations Officer of One3 IP Management; Glenn Sweatt, Esq., Counsel, Pillsbury Law, Palo Alto, CA, Government Contracts & Disputes Practice; and Edward Velasquez, CPCM, NCMA Fellow, President and CEO of Capitol GCS, Inc.About the Building Industry Association of Southern California, Inc.:BIASC is a full-service organization providing legislative advocacy, educational programming, labor relations, networking, and community relations. The association objective is to promote a positive business environment for the building industry. http://www.biasc.org/ Click here to view the list of recent Press Releases from BIA of Southern California


VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 1, 2017) - Orca Gold Inc. (TSX VENTURE:ORG) ("Orca" or the "Company") is pleased to announce that it held its annual meeting of shareholders ("Annual Meeting") in Vancouver, British Columbia on Tuesday, May 30, 2017. The following matters were voted upon at the Annual Meeting: The nominees listed in the management proxy circular for the Annual Meeting were elected as directors of the Company. The seven nominees will serve on the Company's board of directors until the next annual meeting of shareholders or until the earlier of their resignation and such time that their successors are elected or appointed. The detailed results of the vote for the election of directors held at the Annual Meeting are set out below. Shareholders approved an ordinary resolution ratifying the Company's Stock Option Plan, as more particularly set out in the management information circular in connection with the Annual Meeting. PricewaterhouseCoopers LLP was reappointed as auditor of the Company for the upcoming year, and shareholders authorized the directors of the Company to fix the remuneration of the auditor. Highlights of Presentation at Annual Meeting on Revised PEA The Company provided a presentation to shareholders in attendance at the Annual Meeting, which focused on its updated preliminary economic assessment on the Block 14 Gold Project (the "Revised PEA") (see Company Release May 30, 2017). Highlights of this presentation are summarized below. As a result of discovering more water, Orca will be expediting towards definitive feasibility study on its Block 14 gold project in Sudan. As announced in a news release on Tuesday, May 30, 2017, below are the results for the Revised PEA (see Company Release May 30, 2017) along with the updated NI 43-101 mineral resource estimate: Highlights of the Revised PEA on a 100% Basis: Using a gold price of US$ 1,100/oz for mine design, and US$ 1,200/oz for economic analysis, highlights of the Revised PEA include: Project Mineral Resource Estimates were updated in February 2017 (News Release February 2, 2017) by independent consultant MPR Geological Consultants of Perth, Western Australia using Multiple Indicator Kriging (MIK), and are shown below at a range of cut off grades. The Mineral Resource has been estimated using the results of 79,815 metres of drilling (6,136m of diamond drilling and 74,505m of reverse circulation drilling) completed between November 2012 and December 2016. Based on the results of metallurgical test work by SGS Mineral Services in Vancouver, Lycopodium has defined a process flowsheet which is based on a processing rate of 3.4 Mtpa. The treatment plant design incorporates single stage primary crushing with a jaw crusher to produce a crushed product which flows to a crushed material surge bin. Surge bin overflow is conveyed to an emergency stockpile. Material from the emergency stockpile is reclaimed by front end loader (FEL) to feed the mill during periods when primary crushing is off-line. The milling circuit is configured as a two-stage circuit with a SAG mill and ball mill (SAB), both with the ability to operate in closed circuit. Milled material undergoes pre-leach thickening to increase the slurry density feeding the leach and carbon in leach (CIL) circuit to minimise tankage, improve slurry mixing characteristics, and reduce overall reagent consumption. The leach step consists of a leach and CIL circuit incorporating three dedicated leach tanks ahead of six stages of CIL for gold adsorption. Gold desorption and recovery is provided via a split AARL elution circuit, electrowinning, mercury retorting and gold smelting to recover gold from the loaded carbon to produce doré, and safely remove mercury. Tailings are thickened to recover and recycle process water from the CIL tailings with the tailings pumped to the tailings storage facility (TSF). A summary of the ultimate recoveries used in the study is summarized below: Process operating costs have been developed for each material type. In general, costs have been built up from first principle estimates, with quotations obtained for major reagents and consumables and consumption rates based on metallurgical test work, calculations or modeling. Minor reagents, laboratory, expatriate labour rates and a number of G&A costs have been sourced from the Lycopodium database. The process operating cost includes all direct costs to produce gold bullion for the Project. Power will be generated on site using diesel generators under a Build Own Operate ("BOO") contract. A cost of $0.50/l has been used in determining the power costs. The table below details the Process costs used in the study which are inclusive of general and administrative costs. Process costs (including G&A) are presented on the basis of fixed, $18.0M/yr and variable costs. Costs are based on pricing as at 2Q 2017 and have an accuracy of +/- 30%. The Mining section of the study has been completed by Deswik Europe. Both GSS and Wadi Doum are amenable to development as open pit (OP) mines as all mineralization commences at surface with limited pre-strip. Mining of the deposit is planned to produce a total of 41.0 Mt of CIL feed from Indicated Resources and 3.4 Mt of feed from Inferred Resources and 104.4 Mt of waste (strip ratio 2.35:1) over a 13.2-year project production life, with 6 months of pre-production waste strip. Mine planning for Block 14 was conducted using DESWIK software. As derived from a geotechnical assessment completed by SRK Consulting (UK) Ltd, inter-ramp pit slope angles range from 37° in the near surface weathered oxide rock mass to between 58° and 65° in the fresh rock depending on structural geology controls and vertical inter-ramp height. Pit optimizations were carried out using a gold price of US$1,100/oz, a royalty rate of 7% and processing costs detailed above and mining costs detailed below and a series of optimized shells generated for each area and preliminary pit design undertaken based on a feed rates of 2.6, 3.0 and 3.4Mtpa to determine optimal throughput rate. 3.4mtpa showed the highest NPV and was selected for pit design. Cut off grades (Au g/t) were estimated as follows: Contract open pit mining costs were derived from first principles based on equipment required and include pit and dump operations, road maintenance, mine supervision and technical services cost. In addition Wadi Doum mining costs include the haulage of material to the process plant. The average open pit operating cost (US$/t mined) is shown below: In addition, a transfer cost of $7.74/t will be incurred on material from Wadi Doum. The revised PEA study is based on Indicated and Inferred Mineral Resources. The table below shows the breakdown of material by resource type within the pit designs: A capital cost estimate was developed to an accuracy level range of +/- 30% to cover engineering, procurement, construction, and start-up of the mine and processing facilities, as well as the ongoing sustaining capital costs. The capital cost estimates were developed for a conventional open pit mine, CIL process plant and supporting infrastructure for an operation capable of treating 3.4 million tonnes of material per annum. For the purpose of this PEA, power supply via a third-party Build Own Operate Transfer and a contract mining scenario have been assumed. The estimate covers the direct costs of purchasing and constructing the CIL facility and infrastructure components of the project and an allowance for mining related infrastructure. Indirect costs associated with the design, construction and commissioning of the new facilities, owner's costs, and contingencies have also been estimated, based on percentages of the direct capital cost estimate. Risk amounts are specifically excluded from this estimate. A breakdown of the capital cost estimates is shown below: Work undertaken by GCS during the course of the pre-feasibility study showed that the HA8 water resource had limited expansion potential. As a result, SkyTEM Surveys of Denmark, an airborne geophysical contractor specialising in water exploration were contracted to fly a 5,000km electromagnetic survey with the aim of expanding the HA8 discovery and investigating a new area to the west of Block 14 (Area 5) where two old production wells are located. The survey in Area 5 returned positive results over a large area and has now been followed up with drilling. The aquifer, which is hosted within the Nubian Sandstone Formation (NSF), has been intersected in 6 boreholes between 58m and 90m from surface. Pump test results have shown consistent aquifer yields and GCS are comfortable that the aquifer has a high probability to sustain the output required for a 3.4Mtpa process plant. The bore field will be connected to plant site at GSS by an 80km HDPE pipeline. In 2014, Orca initiated comprehensive environmental baseline studies under the supervision of Mineesia Ltd., a UK consultancy with experience of remote desert projects. Terms of Reference for the Environmental Impact Assessment were submitted to the Government in 2015 as part of the Environmental Protection and Management Plan. The site is located in a remote location, with no human settlements nearby (the closest town, Abu Hamad is 200km to the south). There are numerous artisanal and small-scale mining operations in the vicinity of the Project, although these are mostly illegal and unlicensed. No other sources of industry are present in the area. There are no permanent surface watercourses within the Project area and there is no evidence of significant groundwater in the crystalline basement. Soils have little to no agricultural potential. Vegetation is sparse and fauna, including domestic livestock, is limited due to the scarcity of permanent water sources. Orca Gold Inc. (TSX VENTURE:ORG) is a Canadian resource company focused on exploration opportunities in Africa, where it is currently focused on its 70% owned Block 14 project in the Republic of the Sudan. On behalf of the Board of Directors: This press release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws, including statements regarding Orca's (the "Company", the "Corporation", "we" or "our") plans and expectations relating to the Block 14 project ("Block 14") in northern Sudan and the revised Preliminary Economic Assessment (the "Revised PEA") and Definitive Feasibility Study ("DFS") currently being completed and/or conducted by the Corporation. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning mineral resource estimates may also be deemed to constitute "forward-looking statements" to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. The assumptions, risk and uncertainties outlined below are non-exhaustive. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of the Corporation, or industry results, may vary materially from those described in this press release. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "expects", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives", "potential", "possible" or variations thereof or stating that certain actions, events, conditions or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements and forward-looking information are not guarantees of future performance and are based upon a number of estimates and assumptions of management at the date the statements are made including without limitation, assumptions about the following (the "Forward-Looking Factors"): future prices of gold and other metals; successful exploration, development, and production of Block 14; the timing and completion of the DFS; the timing and likelihood of a production decision; performance of contractual obligations by counterparties; operating conditions; political stability; obtaining governmental approvals and financing on time; financial projections and budgets; obtaining licenses and permits; government regulation of the Corporation's mining activities; environmental risks and expenses; market conditions; the securities market; price volatility of the Corporation's securities; currency exchange rates; foreign mining tax regimes; insurance and uninsured risks; financial projections and results; competition; availability of sufficient capital, infrastructure, equipment and labour; dependence on key personnel; dependence on outside parties; conflicts of interest; litigation; land title issues; local community issues; estimation of mineral resources; realization of mineral resources; timing and amount of estimated future production; the life of Block 14; reclamation obligations; changes in project parameters as plans continue to be evaluated; and anticipated costs and expenditures and our ability to achieve the Corporation's goals. While we consider these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, and contingencies, many of which are based on factors and events that are not within the control of the Corporation and there is no assurance they will prove to be correct. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation known and unknown risks, uncertainties and other factors relating to the Forward-Looking Factors above, and those factors disclosed under the heading "Risk Factors" in the Corporation's documents filed from time to time with the securities regulators in the provinces of Canada. In addition, a number of other factors could cause the actual results, performance or achievements of the Corporation to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, and there is no assurance that the actual results, performance or achievements of the Corporation will be consistent with them. For further details, reference is made to the risk factors discussed or referred to in the Corporation's annual and interim management's discussion and analyses on file with the Canadian securities regulatory authorities and available electronically on the SEDAR website at www.sedar.com. Although the Corporation has attempted to identify important factors that could cause actual actions, events, results, performance or achievements to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause actions, events, results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements and information are made or given as at the date of this press release and the Corporation 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 required under applicable securities law. The reader is cautioned not to place undue reliance on forward-looking statements or forward-looking information. 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.


VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2017) - Orca Gold Inc. (TSX VENTURE:ORG) ("Orca" or the "Company") is pleased to announce that an extensive airborne geophysical survey carried out to the west of the Company's 70% owned Block 14 Gold Project in the Republic of the Sudan has resulted in the discovery of a new and larger water resource for the Project (Figures 1 and 3). The Company's hydrogeological consultant, GCS Water & Environmental Consultants ("GCS") of South Africa, have recently confirmed the new water discovery and reported that it has a high probability of supplying the quantity of water required to enable production of 3.4 million tonnes per annum ("Mtpa"). Further, this water has significantly better quality than the saline HA8 aquifer, which will reduce reagent consumption. The discovery of this water supply has enabled the process plant throughput to be significantly increased thus reducing unit process operating costs. A number of throughput scenarios were evaluated, with 3.4Mtpa showing the best potential economic result with current resources. The reduced process costs have led to a material increase in "in-pit" resources at the Galat Sufar South ("GSS") and Wadi Doum deposits. Based on the engineering studies completed to date, the Company has determined that it has sufficient information to proceed immediately to a definitive feasibility study, which will expedite reaching a development decision while avoiding a delay and the costs associated with finalizing the previously planned pre-feasibility study. Accordingly, the Company has elected to update its preliminary economic assessment on the Block 14 Project ("Revised PEA") with the new information which has been generated throughout the recent phase of engineering studies, which is reported below. The Revised PEA demonstrates a strong project at a gold price of US$ 1,200/oz, with in-pit Indicated resources of 1,928 Koz, Inferred resources of 173 Koz, a pre-tax NPV of US$ 278.2 million, a pre-tax IRR of 26.5%, an after-tax NPV of US$ 227.7 million and after-tax IRR of 23.1%. The Revised PEA is based on contract mining and a 3.4Mtpa carbon-in-leach ("CIL") processing plant at GSS. A technical report following the guidelines of the Canadian Securities Administrators' National Instrument 43-101 will be filed on Sedar (www.sedar.com) and on the Company website within 45 days. Highlights of the Revised PEA on a 100% Basis: Using a gold price of US$ 1,100/oz for mine design, and US$ 1,200/oz for economic analysis, highlights of the Revised PEA include: A summary of the key results from the Revised PEA is provided below in Appendix A with further detail on inputs by discipline in Appendix B. Proceed to Definitive Feasibility Study - Opportunities to Enhance Value The Revised PEA has demonstrated a very strong project with further opportunity for improvement. Accordingly, the Board of Orca has approved the decision to complete a DFS on Block 14 focused on optimizing the Project towards a development decision in early 2018. The DFS will focus on the following material enhancement opportunities: The Revised PEA pit optimizations have incorporated the bulk of mineral resources defined to date at both GSS and Wadi Doum. As a result, in a number of areas, the optimized shells are restricted in depth by the base of the Resource Block Model (see figure 2 below). A drill program will be initiated to upgrade the current in-pit Inferred resources (8%) to the Indicated category and to extend the resource model to depth to allow the pit optimizations to reach their economic depth. The new aquifer system will be evaluated to establish the potential of increasing water supply to enable production throughput beyond 3.4 Mtpa. Given the large exploration permit area (2,170km2), prospective geological setting and clear gold endowment as indicated by the large numbers of artisanal miners, exploration will be ramped up at Block 14 during the DFS evaluation. The last drilling campaign identified high grade plunging structures at both GSS and Wadi Doum (see News Release dated February 2, 2017). Exploration drilling during the DFS review will target these structures to evaluate pit extensions. Resource definition drilling will also evaluate the Liseiwi high grade prospect, located 15kms to the north of Wadi Doum (see News Release dated February 2, 2017). Metallurgical testing will be carried out on three samples that characterize the main domains so as to optimise the carbon circuit in conjunction with further variability testing will be carried out on samples from the dominant lithologies. The DFS is scheduled for completion in Q1 2018. Commenting on the material change in the scope at Block 14, Rick Clark, CEO and Director, said: "The results of the exciting new water discovery and recent engineering work undertaken at Block 14, have completely changed the scope of the Project. We are very excited about having the ability to reach a 3.4Mtpa throughput, which nearly doubles the 1.8Mtpa capacity contemplated in the July 2016 PEA. The open pit designs are now materially larger and, in fact, at many points bottom on data. The potential of additional mineralization at depth below the current pit designs has been highlighted and a new drilling campaign will be commenced shortly to further increase resources. This development has led to the decision to update the PEA to demonstrate the dramatic increase in the Project's scope and to proceed directly to the preparation of a definitive feasibility study and enable an early production decision in Q1 2018." The reader is advised that the Revised PEA summarized in this press release is intended to only provide a high-level review of the Block 14 Project potential and design options. The Revised PEA mine schedule and economic model include the use of Inferred resources. Inferred resources are considered to be too speculative to be used in an economic analysis except as allowed for by Canadian Securities Administrators' National Instrument 43-101 (NI 43-101) in PEA studies. There is no guarantee that Inferred resources can be converted to Indicated or Measured Resources. The technical contents of this release have been approved by Hugh Stuart, BSc, MSc, a Qualified Person pursuant to NI 43-101. Mr. Stuart is President of the Company and a Chartered Geologist and Fellow of the Geological Society of London. Mr. Stuart has reviewed and validated that the information contained in this release is consistent with that provided by the QPs responsible for the Revised PEA. Orca Gold Inc. (TSX VENTURE:ORG) is a Canadian resource company focused on exploration opportunities in Africa, where it is currently focused on its 70% owned Block 14 project in the Republic of the Sudan. On behalf of the Board of Directors: This press release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws, including statements regarding Orca's (the "Company", the "Corporation", "we" or "our") plans and expectations relating to the Block 14 project ("Block 14") in northern Sudan and the revised Preliminary Economic Assessment (the "Revised PEA") and Definitive Feasibility Study ("DFS") currently being completed and/or conducted by the Corporation. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning mineral resource estimates may also be deemed to constitute "forward-looking statements" to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. The assumptions, risk and uncertainties outlined below are non-exhaustive. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of the Corporation, or industry results, may vary materially from those described in this press release. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "expects", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives", "potential", "possible" or variations thereof or stating that certain actions, events, conditions or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements and forward-looking information are not guarantees of future performance and are based upon a number of estimates and assumptions of management at the date the statements are made including without limitation, assumptions about the following (the "Forward-Looking Factors"): future prices of gold and other metals; successful exploration, development, and production of Block 14; the timing and completion of the DFS; the timing and likelihood of a production decision; performance of contractual obligations by counterparties; operating conditions; political stability; obtaining governmental approvals and financing on time; financial projections and budgets; obtaining licenses and permits; government regulation of the Corporation's mining activities; environmental risks and expenses; market conditions; the securities market; price volatility of the Corporation's securities; currency exchange rates; foreign mining tax regimes; insurance and uninsured risks; financial projections and results; competition; availability of sufficient capital, infrastructure, equipment and labour; dependence on key personnel; dependence on outside parties; conflicts of interest; litigation; land title issues; local community issues; estimation of mineral resources; realization of mineral resources; timing and amount of estimated future production; the life of Block 14; reclamation obligations; changes in project parameters as plans continue to be evaluated; and anticipated costs and expenditures and our ability to achieve the Corporation's goals. While we consider these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, and contingencies, many of which are based on factors and events that are not within the control of the Corporation and there is no assurance they will prove to be correct. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation known and unknown risks, uncertainties and other factors relating to the Forward-Looking Factors above, and those factors disclosed under the heading "Risk Factors" in the Corporation's documents filed from time to time with the securities regulators in the provinces of Canada. In addition, a number of other factors could cause the actual results, performance or achievements of the Corporation to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, and there is no assurance that the actual results, performance or achievements of the Corporation will be consistent with them. For further details, reference is made to the risk factors discussed or referred to in the Corporation's annual and interim management's discussion and analyses on file with the Canadian securities regulatory authorities and available electronically on the SEDAR website at www.sedar.com. Although the Corporation has attempted to identify important factors that could cause actual actions, events, results, performance or achievements to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause actions, events, results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements and information are made or given as at the date of this press release and the Corporation 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 required under applicable securities law. The reader is cautioned not to place undue reliance on forward-looking statements or forward-looking information. 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. To view figures 1-3, please visit the following link: http://media3.marketwire.com/docs/1096014figs.pdf PEA Summary at a Gold Price of US $1,200/oz* A PEA is preliminary in nature and there is no certainty that the PEA results can, or will, be realized. Mineral resources do not have demonstrated economic viability, and therefore do not constitute mineral reserves. Project Mineral Resource Estimates were updated in February 2017 (News Release February 2, 2017) by independent consultant MPR Geological Consultants of Perth, Western Australia using Multiple Indicator Kriging (MIK), and are shown below at a range of cut off grades. Notes: Defined under Canadian National Instrument 43-101 ("NI 43-101"), Standards of Disclosure for Mineral Projects. Numbers may not add up due to rounding. The Mineral Resource has been estimated using the results of 79,815 metres of drilling (6,136m of diamond drilling and 74,505m of reverse circulation drilling) completed between November 2012 and December 2016. The Mining section of the study has been completed by Deswik Europe. Both GSS and Wadi Doum are amenable to development as open pit (OP) mines as all mineralization commences at surface with limited pre-strip. Mining of the deposit is planned to produce a total of 41.0 Mt of CIL feed from Indicated Resources and 3.4 Mt of feed from Inferred Resources and 104.4 Mt of waste (strip ratio 2.35:1) over a 13.2-year project production life, with 6 months of pre-production waste strip. Mine planning for Block 14 was conducted using DESWIK software. As derived from a geotechnical assessment completed by SRK Consulting (UK) Ltd, inter-ramp pit slope angles range from 37° in the near surface weathered oxide rock mass to between 58° and 65° in the fresh rock depending on structural geology controls and vertical inter-ramp height. Pit optimizations were carried out using a gold price of US$1,100/oz and a series of optimized shells generated for each area and preliminary pit design undertaken based on a feed rates of 2.6, 3.0 and 3.4 Mtpa to determine optimal throughput rate. 3.4mtpa showed the highest NPV and was selected for pit design. Cut off grades (Au g/t) were estimated as follows: Contract open pit mining costs were derived from first principles based on equipment required and include pit and dump operations, road maintenance, mine supervision and technical services cost. In addition Wadi Doum mining costs include the haulage of material to the process plant. The average open pit operating cost (US$/t mined) is shown below: In addition, a transfer cost of $7.74/t will be incurred on material from Wadi Doum. In compliance with NI 43-101, the revised PEA study is based on Indicated and Inferred Mineral Resources. The table below shows the breakdown of material by resource type within the pit designs: Note: Numbers may not add up due to rounding Based on the results of metallurgical test work by SGS Mineral Services in Vancouver, Lycopodium has defined a process flowsheet which is based on a processing rate of 3.4 Mtpa. The treatment plant design incorporates single stage primary crushing with a jaw crusher to produce a crushed product which flows to a crushed material surge bin. Surge bin overflow is conveyed to an emergency stockpile. Material from the emergency stockpile is reclaimed by front end loader (FEL) to feed the mill during periods when primary crushing is off-line. The milling circuit is configured as a two-stage circuit with a SAG mill and ball mill (SAB), both with the ability to operate in closed circuit. Milled material undergoes pre-leach thickening to increase the slurry density feeding the leach and carbon in leach (CIL) circuit to minimise tankage, improve slurry mixing characteristics, and reduce overall reagent consumption. The leach step consists of a leach and CIL circuit incorporating three dedicated leach tanks ahead of six stages of CIL for gold adsorption. Gold desorption and recovery is provided via a split AARL elution circuit, electrowinning, mercury retorting and gold smelting to recover gold from the loaded carbon to produce doré, and safely remove mercury. Tailings are thickened to recover and recycle process water from the CIL tailings with the tailings pumped to the tailings storage facility (TSF). A summary of the ultimate recoveries used in the study is summarized below: Process operating costs have been developed for each material type. In general, costs have been built up from first principle estimates, with quotations obtained for major reagents and consumables and consumption rates based on metallurgical test work, calculations or modeling. Minor reagents, laboratory, expatriate labour rates and a number of G&A costs have been sourced from the Lycopodium database. The process operating cost includes all direct costs to produce gold bullion for the Project. Power will be generated on site using diesel generators under a Build Own Operate ("BOO") contract. A cost of $0.50/l has been used in determining the power costs. The table below details the Process costs used in the study which are inclusive of general and administrative costs. Process costs (including G&A) are presented on the basis of fixed, $18.0M/yr and variable costs. Costs are based on pricing as at 2Q 2017 and have an accuracy of +/- 30%. A capital cost estimate was developed to an accuracy level range of +/- 30% to cover engineering, procurement, construction, and start-up of the mine and processing facilities, as well as the ongoing sustaining capital costs. The capital cost estimates were developed for a conventional open pit mine, CIL process plant and supporting infrastructure for an operation capable of treating 3.4 million tonnes of material per annum. For the purpose of this PEA, power supply via a third-party Build Own Operate Transfer and a contract mining scenario have been assumed. The estimate covers the direct costs of purchasing and constructing the CIL facility and infrastructure components of the project and an allowance for mining related infrastructure. Indirect costs associated with the design, construction and commissioning of the new facilities, owner's costs, and contingencies have also been estimated, based on percentages of the direct capital cost estimate. Risk amounts are specifically excluded from this estimate. A breakdown of the capital cost estimates is shown below: Work undertaken by GCS during the course of the pre-feasibility study showed that the HA8 water resource had limited expansion potential. As a result, SkyTEM Surveys of Denmark, an airborne geophysical contractor specialising in water exploration were contracted to fly a 5,000km electromagnetic survey with the aim of expanding the HA8 discovery and investigating a new area to the west of Block 14 (Area 5) where two old production wells are located (see Figure 3). The survey in Area 5 returned positive results over a large area and has now been followed up with drilling. The aquifer, which is hosted within the Nubian Sandstone Formation (NSF), has been intersected in 6 boreholes between 58m and 90m from surface. Pump test results have shown consistent aquifer yields and GCS are comfortable that the aquifer has a high probability to sustain the output required for a 3.4Mtpa process plant. The bore field will be connected to plant site at GSS by an 80km HDPE pipeline. In 2014, Orca initiated comprehensive environmental baseline studies under the supervision of Mineesia Ltd., a UK consultancy with experience of remote desert projects. Terms of Reference for the Environmental Impact Assessment were submitted to the Government in 2015 as part of the Environmental Protection and Management Plan. The site is located in a remote location, with no human settlements nearby (the closest town, Abu Hamad is 200km to the south). There are numerous artisanal and small-scale mining operations in the vicinity of the Project, although these are mostly illegal and unlicensed. No other sources of industry are present in the area. There are no permanent surface watercourses within the Project area and there is no evidence of significant groundwater in the crystalline basement. Soils have little to no agricultural potential. Vegetation is sparse and fauna, including domestic livestock, is limited due to the scarcity of permanent water sources.


Trademark
GCS Inc | Date: 2012-11-09

Surgical positioning devices to position surgical tools, surgical implants and/or patients body parts.


Grant
Agency: National Science Foundation | Branch: | Program: SBIR | Phase: Phase I | Award Amount: 174.46K | Year: 2010

This Small Business Innovation Research Phase I project will create a microcarrier with immobilized growth factors for adherent cultured cells. This advancement in cell culture biomaterials promises to remove the variability associated with growth factors in liquid media while increasing cell culture workflow efficiency. The project is to identify an efficient reaction mechanism for coupling protein, including animal serum and purified fibroblast growth factor (FGF), to the surface of a previously developed magnetic alginate microcarrier. The resulting product is anticipated to have significant benefits over traditional flask culture methods and will provide enabling technology to next generation drug discovery and therapeutics as primary and stem cells become the cell types of choice. The broader impact/commercial potential of this project is the use of immobilized growth factors to advance the basic understanding of cell-substrate interactions. Currently, the major cost for culturing primary and stem cells is the cell growth media, which contains costly purified growth factors. Reducing the amount of growth factors necessary for culture will directly reduce the cost per cell. Furthermore, this product will prove valuable for therapeutic applications including cell-based therapies in which cGMP growth factors would be especially costly. Finally, a growth factor-conjugated microsphere will be a useful basic research platform for understanding the role of "immobilized" growth factors in vivo, which is important for creating bio-scaffolds and regenerative implants.


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