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OREZONE INTERCEPTS FURTHER HIGH-GRADE MINERALIZATION AT BOMBORÉ INCLUDING 11.33 G/T GOLD OVER 11.00M AND 10.28 G/T GOLD OVER 5.00M

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OREZONE INTERCEPTS FURTHER HIGH-GRADE MINERALIZATION AT BOMBORÉ INCLUDING 11.33 G/T GOLD OVER 11.00M AND 10.28 G/T GOLD OVER 5.00M

 

 

 

 

 

Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) is pleased to provide additional drill results from its ongoing multi-year exploration campaign at its flagship Bomboré Gold Mine. These latest results are from multiple targets identified along the broader 14km long reserve defined Bomboré gold system, which remains open for further expansion.

 

Selected Drill Highlights1:

  • 11.33g/t Au over 11.00m (BBC6960)
  • 10.28g/t Au over 5.00m (BBC7132)
  • 6.79g/t Au over 8.00m and 2.22g/t Au over 14.00m (BBC7141)
  • 7.40g/t Au over 6.70m (BBD1124)
  • 6.61g/t Au over 4.15m (BBD1341)
  • 2.96g/t Au over 10.00m (BBC7158)
  • 1.84g/t Au over 15.70m (BBD1346)
  • 1.53g/t Au over 17.00m (BBC7148)
  • 1.45g/t Au over 14.10m (BBD1344)
  • 1.23g/t Au over 9.65m (BBD1329)

 

Patrick Downey, President and CEO stated, “These latest drill results further underscore the significant exploration upside at Bomboré and clearly illustrate that the broader system remains open to depth, along strike and outside of the currently delineated mineralized trends. At P17, drilling was successful in tracing higher-grade sub-zone mineralization a further 300m down plunge, while wide spaced step-out drilling at P16 and Siga have extended mineralization a respective 600m and 550m along strike. As we ramp up our exploration efforts at Bomboré, we continue to re-evaluate and update the project’s existing exploration framework. The latest results also provide clear evidence that the hanging wall and footwall of the broader 14km long reserve defined system are prospective for additional near-surface discoveries, which was not previously recognized.

 

While Bomboré currently hosts a stated 5 million ounce global resource, which is the basis for the ongoing production expansion to 220,000 to 250,000 ounces per annum, the results of the current exploration program continue to provide support for the Company’s long-term targeted resource base of 7 to 10 million ounces.”

 

P17 Trend: Higher-Grade Sub-Zones

 

Drilling at P17 was successful in further illustrating the down plunge continuity of the higher-grade sub-zones, the highlight of which was an intercept of 7.40g/t Au over 6.70m (BBD1124), which marks a 300m down plunge extension from the previously reported 11.52g/t Au over 10.60m (BBD1081, Figure 3). Other notable sub-zone intercepts from this recent round of drilling include 5.22g/t Au over 4.00m (BBD1346), 20.14g/t Au over 2.00m (BBD1341) and 15.61g/t Au over 1.00m (BBD1335).

 

While the Company continues to define the structural setting of the P17 Trend, and further develop a predictive model for future sub-zone targeting, a key takeaway from the recent drilling was a better understanding of the controls of the higher-grade mineralization which comprise these sub-zones. It is now recognized that the higher-grades are associated with a later-stage quartz veining event, within which multiple occurrences of visible gold were observed for the first time (Figure 1). This marks an important development in the Company’s understanding of the Bomboré system, which to date has been focused on a low grade, bulk tonnage open pit model. While still early-stage, the Company continues to evaluate the sub-zones along the P17 Trend, and other localized higher-grade areas along the broader 14km system, as future potential sources of higher-grade underground feed, beneath the open pits.

 

Figure 1: P17 Drill Core Photos – highlighting visible gold within higher-grade sub-zone 

 

 

P17 Trend: selected high-grade sub-zone intercepts (previously reported):

  • 14.67g/t Au over 6.0m (BBD1066)
  • 16.58g/t Au over 4.6m (BBD0991)
  • 11.52g/t Au over 10.6m (BBD1081)
  • 9.44g/t Au over 10.0m (TYD0041)
  • 8.47g/t Au over 6.0m (BBD1132)
  • 7.08g/t Au over 7.0m (TYC0123)
  • 7.62g/t Au over 5.5m (TYD0035)

 

Near Surface Strike Extensions

 

In addition to extending the Bomboré mineral system to depth, and defining higher-grade sub-zones within, further delineating near-surface strike extensions to multiple resource areas continues to be another important area of investigation. A highlight of such recent targeting was at P16, where a series of step-out holes successfully identified mineralization an additional 600m to the north (Figure 2), as supported by intercepts of 0.92g/t Au over 14.35m (BBD1348), 0.71g/t Au over 9.00m (BBD1349), 0.68g/t Au over 17.00m (BBD1338) and 1.27g/t Au over 5.00m (BBC7180). These initial step-out results support the interpretation that P16 is a sub-parallel trend to the P17 Trend, which significantly expands the exploration model and potential within this area of the project.

 

Future targeting of the P16 strike extension will be centered on backfill drilling, with the goal of delineating open pittable near-surface mineralization, as well as to further investigate the potential for higher-grade sub-zones, as is observed within the P16 resource area.

 

P16 Trend: selected high-grade sub-zone intercepts (previously reported):

  • 10.63g/t Au over 14.0m (BBD0448)
  • 16.50g/t Au over 5.0m (BBD0448)
  • 9.03g/t Au over 12.0m (BBC3241)
  • 6.69g/t Au over 15.5m (BBD0443)
  • 5.91g/t Au over 15.0m (BBD0447)
  • 7.82g/t Au over 9.0m (BBD0213)
  • 58.91g/t Au over 3.0m (BBD0768)

 

At Siga, initial testing of the southern strike extension yielded encouraging results, with mineralization intercepted approximately 550m to the south of the current mineral resource. This area of the project has not been previously explored with results of the initial scout drilling returning 5.93g/t Au over 0.85m and 6.35g/t Au over 1.00m (BBD1340). Follow-up drilling will comprise a series of wide spaced backfill fences to further delineate this broad southern extension.

 

Additionally, significant potential remains to extend resources to the north of the existing open pit designs in the North Zone. Localized 50-100m step-outs along the broader North Zone strike extension have demonstrated promising continuity, with initial results of 2.22g/t Au over 14.00m and 6.79g/t Au over 8.00m (BBC7141) and 2.21g/t Au over 7.00m (BBC7201). Further drilling along this northern strike extension, which has seen limited testing to date, is planned for upcoming campaigns.

 

Expanding Exploration Model

 

In addition to testing the extent of known mineralization, the Company continues to challenge the broader exploration model at Bomboré. The previously established exploration framework was centered on gold mineralization being confined to the Bomboré Shear Zone, with limited prospects within the hanging wall and footwall of the broader system. However, more recent targeted drilling, and local surface excavations outside of the mining lease, provide evidence to the contrary. Initial testing within the immediate hanging wall to the Siga Zone has led to the discovery of the HK Zone (Figure 2), which is marked by intercepts of 11.33g/t Au over 11.00m (BBC6960), 10.28g/t Au over 5.00m (BBC7132), 1.35g/t Au over 9.00m (BBC6976), and 1.46g/t Au over 6.00m (BBC7120).

 

With the prospects of identifying additional high-grade centers of mineralization outside of the Bomboré Shear Zone, the Company has recently commenced a near-mine and regional air core drill program, comprising a series of wide spaced drill fences within the mining lease and surrounding exploration tenements.

 

Figure 2 – Bomboré Plan Map Highlighting Selected Intercepts

 

 

Figure 3 – P17 Composite Long Section Highlighting Selected Intercepts (Looking West)

 

 

Table 1 – Highlight Drill Intercepts

 

Hole Zone Easting Northing Elv. Dip Azi. EOH
(m)
From
(m)
To
(m)
Length*
(m)
Grade
(g/t Au)
Type
BBD0206 P17 730599 1344300 267 -50 270 155 125.00 128.00 3.00 1.79 HR
BBD1069 P17 S 730270 1343125 261 -51 270 277 225.00 226.00 1.00 9.53 HR
and               251.75 260.60 8.85 1.39 HR
incl.               257.60 259.60 2.00 3.58 HR
BBD1084 P17 S 730355 1343175 261 -52 270 437 314.00 317.95 3.95 2.36 HR
BBD1104 P17 S 730365 1343250 261 -52 269 401 355.00 358.00 3.00 2.09 HR
incl.               357.00 358.00 1.00 5.17 HR
BBD1124 P17 S 730425 1343375 261 -49 272 495 459.00 465.70 6.70 7.40 HR
and               480.00 485.00 5.00 2.09 HR
BBD1131 North Zone 730395 1343325 261 -51 270 452 395.00 398.00 3.00 1.66 HR
and               416.00 419.00 3.00 1.01 HR
and               425.00 428.30 3.30 1.82 HR
BBD1329 North Zone 729034 1353901 283 -55 312 396 341.35 351.00 9.65 1.23 HR
and               356.50 362.50 6.00 1.53 HR
BBD1331 North Zone 728993 1353501 276 -52 312 330 42.00 43.00 1.00 8.06 OX
BBD1334 P17 S 730483 1343350 261 -53 271 519 278.10 283.10 5.00 1.72 HR
and               488.50 498.50 10.00 1.12 HR
incl.               494.50 497.50 3.00 2.51 HR
BBD1335 P17 S 730257 1343350 261 -50 270 396 47.00 48.00 1.00 15.61 HR
BBD1338 P16 729508 1344364 259 -45 263 291 193.00 210.00 17.00 0.68 HR
incl.               202.00 206.00 4.00 1.20 HR
and               257.00 262.00 5.00 2.43 HR
and               268.00 271.20 3.20 1.10 HR
BBD1339 P16 729597 1344551 260 -50 270 336 334.00 336.00 2.00 2.95 HR
BBD1340 P16 729000 1343900 260 -50 270 201 89.15 90.00 0.85 5.93 HR
and               191.00 192.00 1.00 6.35 HR
BBD1341 P17 S 730336 1342750 261 -50 270 156 123.75 127.90 4.15 6.61 HR
incl.               125.90 127.90 2.00 20.14 HR
BBD1343 P17 S 730392 1343125 261 -55 270 360 309.00 313.00 4.00 1.03 HR
BBD1344 P17 S 730371 1343501 261 -50 270 528 323.00 337.10 14.10 1.45 HR
incl.               323.00 332.70 9.70 1.87 HR
and               428.00 431.00 3.00 1.79 HR
BBD1345 P17 S 730340 1342800 261 -50 270 165 136.20 139.80 3.60 1.68 HR
and               146.00 148.55 2.55 5.02 HR
BBD1346 P17 S 730618 1344250 266 -50 270 225 137.25 141.00 3.75 1.17 HR
and               178.00 193.70 15.70 1.84 HR
incl.               186.70 190.70 4.00 5.22 HR
BBD1348 P16 729566 1344413 259 -50 270 303 168.00 173.15 5.15 1.54 HR
and               214.00 228.35 14.35 0.92 HR
incl.               222.00 228.35 6.35 1.03 HR
and               260.00 266.00 6.00 0.81 HR
BBD1349 P16 729517 1344443 259 -50 270 312 241.00 250.00 9.00 0.71 HR
and               255.00 270.00 15.00 0.57 HR
BBC6946 HK 728515 1348358 277 -50 270 60 13.00 17.00 4.00 2.53 OX
BBC6958 HK 728560 1348357 276 -50 270 75 70.00 75.00 5.00 1.19 OX
BBC6960 HK 728536 1348408 274 -50 280 114 48.00 59.00 11.00 11.33 OX
incl.               48.00 51.00 3.00 40.12 OX
BBC6962 HK 728829 1348272 278 -50 250 129 56.00 62.00 6.00 0.68 OX
BBC6963 HK 728844 1348280 277 -50 279 131 74.00 78.00 4.00 0.80 OX
BBC6975 HK 728537 1348357 276 -50 270 96 84.00 93.00 9.00 0.65 HR
BBC6976 HK 728564 1348402 275 -50 280 113 74.00 83.00 9.00 1.35 OX
BBC7120 HK 728557 1348302 276 -50 270 100 69.00 75.00 6.00 1.46 HR
BBC7122 HK 728563 1348386 275 -50 270 120 78.00 87.00 9.00 0.78 HR
BBC7129 HK 728603 1348435 274 -50 270 120 110.00 117.00 7.00 0.79 HR
BBC7132 HK 728524 1348333 278 -50 270 130 26.00 30.00 4.00 0.72 OX
and               82.00 87.00 5.00 10.28 HR
BBC7135 HK 728391 1348375 283 -50 270 60 32.00 36.00 4.00 1.31 OX
BBC7136 HK 728493 1348224 286 -50 270 100 27.00 36.00 9.00 0.65 OX
and               46.00 50.00 4.00 0.76 OX
and               60.00 63.00 3.00 2.26 OX
BBC7140 North Zone 729983 1354256 285 -50 312 126 8.00 11.00 3.00 0.67 OX
and               16.00 25.00 9.00 0.53 OX
incl.               21.00 24.00 3.00 1.09 OX
BBC7141 North Zone 730390 1354301 278 -45 312 100 27.00 41.00 14.00 2.22 OX
incl.               27.00 30.00 3.00 8.44 OX
and               66.00 74.00 8.00 6.79 HR
incl.               67.00 70.00 3.00 14.82 HR
BBC7142 North Zone 730082 1354338 282 -50 312 152 109.00 114.00 5.00 1.51 HR
BBC7147 P11 727951 1349499 291 -50 270 150 70.00 75.00 5.00 0.85 HR
BBC7148 P11 727932 1349408 292 -50 270 120 32.00 49.00 17.00 1.53 OX
incl.               39.00 41.00 2.00 7.62 OX
and               77.00 83.00 6.00 3.15 HR
incl.               77.00 80.00 3.00 5.32 HR
BBC7149 P11 727950 1349449 291 -50 270 150 90.00 97.00 7.00 1.62 HR
BBC7150 P11 727983 1349253 285 -50 270 125 87.00 93.00 6.00 0.92 HR
BBC7152 P11 728107 1349249 281 -50 270 120 74.00 77.00 3.00 1.64 HR
BBC7153 P11 728106 1349299 279 -50 270 118 49.00 53.00 4.00 1.01 OX
BBC7154 P11 728013 1349400 282 -50 270 150 98.00 100.00 2.00 1.47 HR
and               116.00 119.00 3.00 1.84 HR
BBC7157 Siga W 727966 1347455 276 -50 250 140 11.00 16.00 5.00 0.77 OX
and               90.00 101.00 11.00 0.96 HR
BBC7158 Siga E 728340 1347910 283 -50 250 120 67.00 77.00 10.00 2.96 HR
incl.               69.00 71.00 2.00 11.72 HR
BBC7161 Siga E 728615 1347638 277 -50 250 120 62.00 63.00 1.00 5.99 HR
BBC7162 Siga E 728669 1347497 274 -50 250 150 73.00 78.00 5.00 1.05 HR
BBC7163 Siga E 728624 1347428 273 -50 250 80 18.00 26.00 8.00 1.00 OX
and               30.00 33.00 3.00 1.35 OX
BBC7164 Siga E 728681 1347449 271 -50 250 114 42.00 47.00 5.00 1.23 OX
BBC7165 Siga E 728647 1347090 280 -50 250 126 96.00 99.00 3.00 5.26 HR
incl.               96.00 97.00 1.00 14.67 HR
BBC7166 Siga S 728213 1345896 266 -50 250 84 6.00 9.00 3.00 1.13 OX
BBC7180 P16 729608 1345000 261 -50 270 72 47.00 49.00 2.00 6.52 HR
and               54.00 59.00 5.00 1.27 HR
BBC7185 P8P9 728636 1352003 267 -50 312 123 2.00 8.00 6.00 0.63 OX
BBC7186 P8P9 728571 1351926 269 -50 312 138 2.00 9.00 7.00 0.86 OX
and               64.00 71.00 7.00 0.82 OX
incl.               64.00 68.00 4.00 1.12 OX
BBC7187 P8P9 728527 1351968 268 -50 312 136 133.00 136.00 3.00 1.62 HR
BBC7191 North Zone 729740 1354677 284 -49 310 69 5.00 15.00 10.00 1.12 OX
incl.               9.00 14.00 5.00 1.74 OX
and               30.00 35.00 5.00 0.59 OX
BBC7193 North Zone 729758 1354661 282 -51 310 114 25.00 34.00 9.00 0.47 OX
and               44.00 48.00 4.00 3.14 OX
and               53.00 67.00 14.00 0.88 OX
BBC7195 North Zone 729774 1354680 282 -51 310 113 47.00 49.00 2.00 2.58 OX
BBC7200 North Zone 730379 1354345 286 -50 310 80 12.00 20.00 8.00 0.62 OX
and               61.00 67.00 6.00 1.50 HR
BBC7201 North Zone 730417 1354345 279 -49 310 83 0.00 7.00 7.00 2.21 OX
and               12.00 20.00 8.00 0.62 OX
and               61.00 67.00 6.00 1.50 HR

* True widths for all zones are reported as a percentage of drilled lengths: North Zone 85%, P8/P9 70-85%, Siga 90%, P11 75-85%, P17S 70% and 90-100%, P17N 70% and HK 75-80%.

 

About Orezone Gold Corporation

 

Orezone Gold Corporation is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets, and M&A.

 

The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company’s website.

 

Posted June 10, 2025

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