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Orezone Intersects 18.41 g/t Gold over 8.00m and 22.17 g/t Gold over 4.00m in Ongoing Exploration

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Orezone Intersects 18.41 g/t Gold over 8.00m and 22.17 g/t Gold over 4.00m in Ongoing Exploration

 

 

 

 

 

Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) is pleased to provide drill results from its Bomboré Gold Mine located in central Burkina Faso. The results are part of Orezone’s ongoing infill and advanced grade control program which was designed to further delineate multiple high-grade structures within the P8P9 Zone. All reported intercepts are in shallow oxides and are located within 1.5km of the Bomboré processing facility.

 

Drilling Highlights:

  • 18.41 g/t Au over 8.00m from 12.00m in hole BBC5771
  • 11.92 g/t Au over 4.00m from 64.00m in hole BBC5786
  • 4.27 g/t Au over 7.00m from 42.00m in hole BBC5826
  • 2.63 g/t Au over 12.00m from 19.00m in hole BBC5828
  • 17.59 g/t Au over 5.00m from 30.00m in hole BBC5829
  • 22.17 g/t Au over 4.00m from 26.00m in hole BBC5912
  • 33.49 g/t Au over 2.00m from 3.00m in hole BBC5980
  • 0.90 g/t Au over 20.00m from 8.00m in hole BBC6070
  • 1.67 g/t Au over 12.00m from 40.00m in hole BBC6080

 

Patrick Downey, President and CEO stated, “Following a successful first full year of production at Bomboré in 2023, where the focus was on bedding down the operation and deleveraging the balance sheet, Orezone is now looking to resume its exploration efforts at Bomboré. A recently completed structural review of the property has significantly opened up the exploration model, with an increasing focus now on delineating higher-grade structures to depth and along strike.

 

With current mineral reserves down to an average depth of less than 40m across 14km of strike, we see significant potential to not only increase the overall mineral inventory at Bomboré, but the potential to systematically target higher-grade mineralization within the much broader structural corridor.

 

While ongoing drilling in the near-term remains focused on further delineating near-surface, high-grade structures in advance of mining, we continue to rank multiple high-priority exploration targets for drilling in 2024.”

 

Figure 1: Bomboré Plan Map 

 

 

Table 1: Highlight P8P9 Zone Oxide Drill Results

 

Hole
#
From
(m)
To
(m)
Length
(m)
Grade
(g/t Au)
BBC5758 26.00 32.00 6.00 1.88
BBC5771 12.00 20.00 8.00 18.41
incl. 12.00 14.00 2.00 70.82
BBC5786 64.00 68.00 4.00 11.92
BBC5795 48.00 62.00 14.00 1.08
incl. 60.00 61.00 1.00 8.20
BBC5806 24.00 38.00 14.00 1.66
incl. 25.00 26.00 1.00 13.88
BBC5810 27.00 50.00 23.00 0.78
incl. 35.00 46.00 11.00 1.01
BBC5813 16.00 34.00 18.00 1.09
incl. 32.00 33.00 1.00 10.62
BBC5823 53.00 67.00 14.00 1.29
incl. 55.00 58.00 3.00 3.94
BBC5826 42.00 49.00 7.00 4.27
incl. 45.00 48.00 3.00 9.03
BBC5828 19.00 31.00 12.00 2.63
incl. 28.00 29.00 1.00 21.97
BBC5829 30.00 35.00 5.00 17.59
BBC5854 15.00 29.00 14.00 1.27
incl. 20.00 21.00 1.00 10.88
BBC5857 32.00 36.00 4.00 5.49
BBC5863 10.00 12.00 2.00 6.70
BBC5874 10.00 13.00 3.00 5.06
BBC5894 21.00 26.00 5.00 2.77
BBC5910 29.00 33.00 4.00 7.84
BBC5912 26.00 30.00 4.00 22.17
BBC5926 4.00 16.00 12.00 0.98
BBC5928 80.00 97.00 17.00 1.49
incl. 80.00 81.00 1.00 16.20
BBC5980 3.00 5.00 2.00 33.49
BBC6025 23.00 24.00 1.00 19.99
BBC6070 8.00 28.00 20.00 0.90
incl. 24.00 25.00 1.00 6.80
BBC6080 40.00 52.00 12.00 1.67
incl. 40.00 44.00 4.00 3.81
BBC6089 17.00 41.00 24.00 0.69
incl. 28.00 36.00 8.00 0.88

*True widths for P8P9 area drilling are approximately 70 to 85% of drilled lengths.

 

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 Phase I oxide operations on December 1, 2022, and is now focussed on its staged Phase II hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. The Company published the results of an updated feasibility study for the Phase II expansion in October 2023, and is currently in advanced negotiations with its senior lender for additional financing to fund the construction of this brownfield expansion. 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.

 

Posted April 25, 2024

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