The Prospector News

Orezone Continues to Intersect High-Grade Gold at P17S Extension at the Bomboré Gold Project

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Orezone Continues to Intersect High-Grade Gold at P17S Extension at the Bomboré Gold Project

 

 

 

 

 

Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF)  is pleased to provide ongoing drill results from the Phase III program along the P17 mineralized trend at the Bomboré Gold Project, located in Burkina Faso.

 

The focus of the Phase III drilling at the P17 Trend is as follows:

  • To better define the continuity of the repeat, folded high-grade granodiorite mineralized zones at P17S
  • To test the continuity and expansion potential of P17 located 1 km to the north of P17S and which was last drilled in 2013

 

The drill results continue to be very positive confirming the following:

  • Down-plunge continuity of the mineralized zones at P17S
  • Mineralized system at P17S remains open above and below the drilled portion of the granodiorite on most sections, which will warrant follow-up definition drilling
  • Significant new intercept on the deeper extension of the main zone beneath the P17S-NE deposit and outside of the current mineral resource envelopes indicating good potential to further expand the main P17S deposit
  • Results from P17 have confirmed continuity of existing shallowly north-plunging mineralized zones and have further extended the P17 Trend, with a new high-grade shallow intercept to the north
  • P17 now remains totally open at depth and to the north

 

P17S Drilling Highlights:

  • 16.00 m of 1.66 g/t Au from 48 m in hole BBD1100
  • 14.70 m of 2.13 g/t Au from 190 m in hole BBD1102
  • 25.00 m of 1.63 g/t Au from 83 m in hole BBD1103
  • 9.25 m of 3.18 g/t Au from 294.30 m in hole BBD1113
  • 30.00 m of 2.12 g/t Au from 99 m including 2.00 m of 8.80 g/t Au in hole BBD1114
  • 30.00 m of 1.63 g/t Au from 124 m including 10.00 m of 2.98 g/t Au from 124 m and 5.00 m of 2.26 g/t Au from 166 m in hole BBD1115

 

P17 Drilling Highlights:

  • 8.80 m of 4.34 g/t Au from 80.20 m in hole BBD1086
  • 8.00 m of 2.36 g/t Au from 59 m in hole BBD1088
  • 22.00 m of 1.11 g/t Au from 124 m including 5.00 m of 2.29 g/t Au from 124 m in hole BBD1094
  • 57.00 m of 1.01 g/t Au from 34 m including 14.00 m of 1.57 g/t Au from 54 m and
    5.00 m of 2.50 g/t Au from 86 m in hole BBD1096

 

Dr. Pascal Marquis, SVP of Exploration stated, “Drilling to date at P17S continues to be very successful as demonstrated by excellent continuity of the gold mineralization, which remains open along trend and at depth, including extensions outside of the current resource model. I am also very encouraged by the drilling results at the P17 zone, which had not been drilled since 2013. Current results have confirmed that P17 is now open to the north and at depth and will warrant further drilling. A third drill rig has now been mobilized to accelerate the ongoing drill program.”

 

Table 1: P17 Trend Highlight Drill Results

 

Area Hole

#

From

(m)

To

(m)

Length

(m)

Grade

(g/t gold)

P17* BBD1086 80.20 89.00 8.80 4.34
incl. 82.00 87.00 5.00 6.20
BBD1087 96.00 104.20 8.20 1.25
BBD1088 59.00 67.00 8.00 2.36
incl. 66.00 67.00 1.00 12.40
BBD1094 124.00 146.00 22.00 1.11
incl. 124.00 129.00 5.00 2.29
BBD1095 123.00 130.00 7.00 1.68
BBD1096 34.00 91.00 57.00 1.01
incl. 54.00 68.00 14.00 1.57
and incl. 86.00 91.00 5.00 2.50
P17S NE Extension** BBD1100 48.00 64.00 16.00 1.66
incl. 55.00 56.00 1.00 13.60
BBD1101 190.00 197.00 7.00 1.80
and 214.65 222.25 7.60 1.60
BBD1102 190.00 204.70 14.70 2.13
BBD1103 42.00 66.00 24.00 0.94
and 74.00 108.00 34.00 1.46
incl. 83.00 108.00 25.00 1.63
and incl. 106.10 107.10 1.00 25.10
BBD1111 24.10 31.00 7.00 1.75
incl. 27.00 31.00 4.00 2.40
BBD1114 99.00 129.00 30.00 2.12
incl. 100.00 102.00 2.00 8.80
BBD1115 124.00 154.00 30.00 1.63
incl. 124.00 134.00 10.00 2.98
and 166.00 171.00 5.00 2.26
P17S Main** BBD1113 294.30 303.55 9.25 3.18

* True widths for P17 drilling are approximately 70% of drilled lengths.

** True widths for P17S drilling are approximately 90% of drilled lengths.

Figure 1: P17 Trend Plan Map

Figure 2: P17 Trend Long Section

Figure 3: P17S Section 730280E – Pre 2022 Drill Programs

 Figure 4: P17S Section 730280E – Drilling to Date

 Figure 5: P17 Section 730500E – Pre 2022 Drilling

 

Figure 6: P17 Section 730500E – Drilling to Date

About Orezone Gold Corporation

 

Orezone Gold Corporation is a Canadian development company which owns a 90% interest in Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.

 

The 2019 feasibility study highlights Bomboré as an attractive shovel-ready gold project with forecasted annual gold production of 118,000 ounces over a 13+ year mine life at an All-In Sustaining Cost of US$730/ounce with an after-tax payback period of 2.5 years at an assumed gold price of US$1,300/ounce.  Bomboré is underpinned by a mineral resource base in excess of 5 million gold ounces and possesses significant expansion potential. Orezone is fully funded to bring Bomboré into production with the first gold pour scheduled for Q3-2022.

 

Posted May 5, 2022

Share this news article

MORE or "UNCATEGORIZED"


White Gold Corp. Intersects Additional Near Surface High-Grade Gold Mineralization of 8.94 g/t Gold over 18.29m including 21.73 g/t Gold over 6.10m Extending Mineralization Along Strike at the Betty Ford Target, Yukon, Canada

White Gold Corp. (TSX-V: WGO) (OTCQX: WHGOF) (FRA: 29W) is please... READ MORE

December 8, 2022

Appia Announces Final Closing of Non-Brokered Private Placement Financing for a Total of $3,666,000

Appia Rare Earths & Uranium Corp. (CSE:API) (OTCQX:APAAF) (Ge... READ MORE

December 8, 2022

Defense Metals Closes Oversubscribed Private Placement of $6.1 Million

Defense Metals Corp. (TSX-V: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased ... READ MORE

December 8, 2022

Mayfair Gold Reports 1.85 g/t Gold over 130.5m Including 5.14 g/t Au over 29.2m from Fenn-Gib Drill Program

105,500m of 110,000m Infill and Expansion Drill Program Complete... READ MORE

December 8, 2022

HighGold Mining Intersects 15.5 Meters at 4.04 g/t Gold Equivalent in Step-out drilling at Ellis Zone Discovery, Johnson Tract Project, Alaska

Including 25.70 g/t Gold, 0.81% Zinc over 1.5 meters HighG... READ MORE

December 8, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News