Uncategorized
Orezone Intersects 21.00 m of 5.35 g/t Gold at Maga Hill at its Bomboré Gold Mine
Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) is pleased to provide results from its Phase III resource definition drill program from Maga Hill, Maga Main and Siga zones at its Bomboré Gold Mine in Burkina Faso.
The focus of the Phase III drilling was the conversion of Inferred Resources into Measured & Indicated ahead of the upcoming sulphide expansion study. A key aspect of this infill program at Maga Hill was targeting higher grade granodiorite folded structures which were intercepted in the near surface oxide zones.
Recent drilling continues to return positive results confirming the following:
- Preliminary results at Maga Hill returned several high-grade intercepts within the sulphide zone, with additional results still to come.
- Drilling at the main hanging wall Siga Zone continues to show excellent down-dip continuity.
- Drilling within the Inferred mineralized zones at Siga South and Siga West has been very successful, and preliminary results at Maga Main and Maga Hill are also very promising, with additional results still to come.
- Core drilling has been completed at P8P9 with results expected in the coming weeks.
- RC drilling will also be completed this week which targeted both Inferred and new oxide targets. Results are expected during Q1-2023.
- Modelling of the resources is ongoing as part of the upcoming sulphide expansion study which is expected to be completed in early H2-2023.
Maga Hill Drilling Highlights:
- 42.00 m of 1.11 g/t Au from 198.00 m including 10.00 m of 1.72 g/t Au from 219.00 m in hole BBD1217
- 17.20 m of 1.38 g/t Au from 260.00 m in hole BBD1218
- 20.00 m of 3.30 g/t Au from 166.00 m in hole BBD1219
- 21.00 m of 5.35 g/t Au from 150.00 m in hole BBD1220
- 11.00 m of 1.73 g/t Au from 111.00 m and 18.00 m of 1.04 g/t Au from 193.00 m in hole BBD1241
- 7.20 m of 8.50 g/t Au from 124.00 m including 1.20 m of 48.27 g/t Au in hole BBD1246
- 18.00 m of 3.01 g/t Au from 194.00 m in hole BBD1247
- 11.75 m of 2.16 g/t Au from 184.00 in hole BBD1248
- 10.50 m of 2.86 g/t Au from 29.00 m including 1.50 m of 16.61 g/t Au from 31.00 m and a further 6.50 m of 6.16 g/t Au from 133.50 m including 2.80 m of 13.03 g/t Au from 137.20 m in hole BBD1249
Siga Drilling Highlights:
- 6.25 m of 3.46 g/t Au from 67.75 m including 1.00 m of 16.66 g/t Au from 70.00 m and 12.90 m of 1.40 g/t Au from 156.10 m including 1.00 m of 9.71 g/t Au from 168.00 m in hole BBD1145
- 4.00 m of 4.36 g/t Au including 1.00 m of 16.05 g/t Au from 92.00 m in hole BBD1148.
- 18.30 m of 1.17 g/t Au from 3.60 m including 1.10 m of 14.94 g/t Au from 4.70 m in hole BBD1150
- 4.00 m of 5.82 g/t Au from 87.00 m including 1.00 m of 19.79 g/t Au from 89.00 m in hole BBD1157
- 4.00 m of 3.52 g/t Au from 78.00 m including 1.00 m of 12.43 g/t Au from 81.00 m in hole BBD1158
- 24.00 m of 1.18 g/t Au from 21.00 m including 2.90 m of 3.96 g/t Au from 31.00 m and 1.00 m of 6.02 g/t Au from 41.00 m in hole BBD1161
- 12.70 m of 1.01 g/t Au from 74.30 m and 10.20 m of 1.38 g/t Au from 124.20 m in hole BBD1162
- 13.00 m of 1.25 g/t Au from 71.00 m in hole BBD1163
- 25.00 m of 1.04 g/t Au from 275.00 m including 8.00 m of 1.79 g/t Au from 285.00 m in hole BBD1169
- 4.00 m of 5.32 g/t Au from 12.00 m including 1.40 m of 14.50 g/t Au from 14.60 m in hole BBD1174
- 4.00 m of 4.16 g/t Au including 1.00 m of 10.16 g/t Au from 73.00 m in hole BBD1180
- 29.00 m of 1.11 g/t Au from 205.00 m, including 1.00 m of 10.97 g/t Au from 227.70 m in hole BBD1186
- 28.75 m of 1.01 g/t Au from 203.00 m including 12.75 m of 1.55 g/t Au from 219.00 m in hole BBD1191
- 14.70 m of 1.75 g/t Au from 265.00 m in hole BBD1195
- 14.00 m of 1.07 g/t Au from 283.00 m including 8.00 m of 1.49 g/t Au from 284.00 m in hole BBD1196
- 19.20 m of 1.19 g/t Au from 248.00 m including 10.60 m of 1.67 g/t Au from 253.00 m in hole BBD1198
- 32.45 m of 1.17 g/t from 213.80 m, including 14.00 m of 1.80 g/t Au from 224.00 m in hole BBD1199
- 18.20 m of 1.43 g/t Au from 228.80 m including 8.00 m of 2.20 g/t Au from 237.00 m in hole BBD1200
Patrick Downey, President and CEO stated, “Ongoing infill drilling continues to return excellent results which confirm very successful targeting of the conversion of Inferred Resources into Measured and Indicated and that this deposit also continues to grow and is still open for further exploration. We have successfully targeted high-grade zones in the sulphides and expanded the known zones significantly both along strike and down dip of existing resources. We are now drilling similar zones at the P8P9 area and expect these results within the coming weeks. This will finalize the drill program for 2022 and modelling will continue to complete the overall conversion of the drilling into the Measured and Indicated categories ahead of the sulphide expansion study which will provide the platform to significantly increase annual throughput and production at the Bomboré operation.
Furthermore, these excellent results targeting the folded zones at Maga Hill and Siga and those from earlier drilling at the P17S zone now warrant further exploration and planning is underway for follow-up drilling in 2023.”
Table 1: Maga Highlight Drill Results
| Hole # |
From (m) |
To (m) |
Length (m)** |
Grade (g/t gold) |
| BBD1215 | 158.70 | 162.10 | 3.40 | 2.20 |
| BBD1216 | 154.00 | 161.00 | 7.00 | 1.18 |
| BBD1217 | 198.00 | 240.00 | 42.00 | 1.11 |
| incl. | 219.00 | 229.00 | 10.00 | 1.72 |
| BBD1218 | 189.00 | 194.10 | 5.10 | 0.91 |
| and | 248.00 | 253.00 | 5.00 | 0.99 |
| and | 260.00 | 277.20 | 17.20 | 1.38 |
| BBD1219 | 166.00 | 186.00 | 20.00 | 3.30 |
| BBD1220 | 17.00 | 41.00 | 24.00 | 0.48 |
| and | 139.00 | 143.00 | 4.00 | 1.80 |
| and | 150.00 | 171.00 | 21.00 | 5.35 |
| BBD1226 | 8.70 | 12.15 | 3.45 | 3.50 |
| BBD1241* | 111.00 | 122.00 | 11.00 | 1.73 |
| and | 143.20 | 152.00 | 8.80 | 0.86 |
| and | 193.00 | 211.00 | 18.00 | 1.04 |
| BBD1242 | 187.00 | 204.00 | 17.00 | 0.88 |
| BBD1243 | 150.00 | 153.00 | 3.00 | 2.47 |
| BBD1244 | 18.00 | 20.70 | 2.70 | 2.38 |
| BBD1245* | 102.00 | 115.00 | 13.00 | 2.55 |
| BBD1246* | 124.00 | 131.20 | 7.20 | 8.50 |
| incl. | 130.00 | 131.20 | 1.20 | 48.27 |
| BBD1247* | 194.00 | 212.00 | 18.00 | 3.01 |
| and | 256.00 | 260.00 | 4.00 | 3.05 |
| BBD1248* | 156.00 | 160.00 | 4.00 | 2.33 |
| and | 184.00 | 195.75 | 11.75 | 2.16 |
| BBD1249* | 29.00 | 39.50 | 10.50 | 2.86 |
| incl. | 31.00 | 32.50 | 1.50 | 16.61 |
| and | 133.50 | 140.00 | 6.50 | 6.16 |
| incl. | 137.20 | 140.00 | 2.80 | 13.03 |
* Preliminary results without leach residue assays. Final grades will typically increase by 4-6% from those stated.
** True widths for Maga area drilling are approximately 85% of drilled lengths.
Table 2: Siga Highlight Drill Results
| Hole # |
From (m) |
To (m) |
Length (m)* |
Grade (g/t gold) |
| BBD1127 | 147.00 | 166.00 | 19.00 | 0.69 |
| incl. | 152.00 | 166.00 | 14.00 | 0.79 |
| and | 182.00 | 211.00 | 29.00 | 0.62 |
| BBD1128 | 72.00 | 75.00 | 3.00 | 4.06 |
| incl. | 74.00 | 75.00 | 1.00 | 11.74 |
| and | 143.00 | 150.00 | 7.00 | 1.48 |
| incl. | 146.00 | 149.00 | 3.00 | 2.58 |
| BBD1129 | 83.00 | 95.20 | 12.20 | 0.84 |
| BBD1130 | 50.00 | 74.00 | 24.00 | 0.72 |
| BBD1136 | 98.00 | 119.00 | 21.00 | 0.79 |
| incl. | 105.90 | 116.00 | 10.10 | 1.16 |
| BBD1144 | 34.80 | 41.00 | 6.20 | 1.83 |
| incl. | 34.80 | 36.90 | 2.10 | 3.91 |
| BBD1145 | 67.75 | 74.00 | 6.25 | 3.46 |
| incl. | 70.00 | 71.00 | 1.00 | 16.66 |
| and | 156.10 | 169.00 | 12.90 | 1.40 |
| incl. | 168.00 | 169.00 | 1.00 | 9.71 |
| BBD1146 | 64.30 | 76.00 | 11.70 | 0.85 |
| incl. | 66.00 | 70.00 | 4.00 | 1.25 |
| BBD1147 | 98.20 | 110.00 | 11.80 | 0.61 |
| BBD1148 | 9.10 | 27.00 | 17.90 | 0.85 |
| and | 92.00 | 96.00 | 4.00 | 4.36 |
| incl. | 92.00 | 93.00 | 1.00 | 16.05 |
| BBD1149 | 25.00 | 36.60 | 11.60 | 0.90 |
| incl. | 113.65 | 119.85 | 6.20 | 1.21 |
| BBD1150 | 3.60 | 21.90 | 18.30 | 1.17 |
| incl. | 4.70 | 5.80 | 1.10 | 14.94 |
| and | 169.00 | 185.00 | 16.00 | 1.40 |
| incl. | 169.00 | 170.00 | 1.00 | 5.73 |
| and incl. | 184.00 | 185.00 | 1.00 | 9.74 |
| BBD1157 | 56.10 | 59.50 | 3.40 | 2.94 |
| incl. | 58.70 | 59.50 | 0.80 | 11.63 |
| and | 67.00 | 82.80 | 15.80 | 0.86 |
| incl. | 78.00 | 81.90 | 3.90 | 1.87 |
| and | 87.00 | 91.00 | 4.00 | 5.82 |
| incl. | 89.00 | 90.00 | 1.00 | 19.79 |
| BBD1158 | 78.00 | 82.00 | 4.00 | 3.52 |
| incl. | 81.00 | 82.00 | 1.00 | 12.43 |
| and | 140.48 | 156.00 | 15.52 | 0.66 |
| incl. | 153.00 | 156.00 | 3.00 | 1.07 |
| BBD1161 | 21.00 | 45.00 | 24.00 | 1.18 |
| incl. | 31.00 | 33.90 | 2.90 | 3.96 |
| and incl. | 41.00 | 42.00 | 1.00 | 6.02 |
| and | 77.80 | 95.20 | 17.40 | 0.72 |
| BBD1162 | 74.30 | 87.00 | 12.70 | 1.01 |
| and | 124.20 | 134.40 | 10.20 | 1.38 |
| BBD1163 | 59.00 | 84.00 | 25.00 | 0.89 |
| incl. | 71.00 | 84.00 | 13.00 | 1.25 |
| BBD1164 | 136.00 | 138.70 | 2.70 | 1.93 |
| incl. | 127.15 | 138.70 | 11.55 | 0.80 |
| BBD1167 | 205.00 | 220.00 | 15.00 | 0.69 |
| BBD1169 | 275.00 | 300.00 | 25.00 | 1.04 |
| incl. | 285.00 | 293.00 | 8.00 | 1.79 |
| BBD1171 | 26.00 | 43.20 | 17.20 | 0.95 |
| incl. | 37.25 | 42.00 | 4.75 | 1.92 |
| BBD1174 | 12.00 | 16.00 | 4.00 | 5.32 |
| incl. | 14.60 | 16.00 | 1.40 | 14.50 |
| and | 178.65 | 246.10 | 67.45 | 0.51 |
| incl. | 194.00 | 224.00 | 31.00 | 0.56 |
| and | 231.00 | 246.10 | 15.10 | 0.60 |
| BBD1175 | 72.70 | 81.40 | 8.70 | 1.13 |
| incl. | 80.60 | 81.40 | 0.80 | 5.91 |
| BBD1176 | 111.00 | 126.00 | 15.00 | 1.01 |
| incl. | 119.00 | 121.00 | 2.00 | 3.23 |
| and | 195.00 | 212.85 | 17.85 | 0.79 |
| BBD1177 | 142.30 | 151.00 | 8.70 | 1.38 |
| incl. | 150.00 | 151.00 | 1.00 | 8.23 |
| and | 173.10 | 197.35 | 24.25 | 0.84 |
| incl. | 181.00 | 192.00 | 11.00 | 1.06 |
| BBD1180 | 730.00 | 77.00 | 4.00 | 4.16 |
| incl. | 73.00 | 74.00 | 1.00 | 10.16 |
| and | 174.50 | 191.75 | 17.25 | 0.97 |
| and | 213.00 | 245.00 | 32.00 | 0.79 |
| BBD1182 | 122.00 | 126.00 | 4.00 | 4.00 |
| BBD1186 | 1.20 | 9.00 | 7.80 | 1.24 |
| and | 205.00 | 234.00 | 29.00 | 1.11 |
| incl. | 227.70 | 228.70 | 1.00 | 10.97 |
| BBD1188 | 50.80 | 81.00 | 20.20 | 0.65 |
| BBD1189 | 143.00 | 148.80 | 5.80 | 1.35 |
| BBD1191 | 203.00 | 231.75 | 28.75 | 1.01 |
| incl. | 219.00 | 231.75 | 12.75 | 1.55 |
| BBD1192 | 230.00 | 247.00 | 17.00 | 0.69 |
| and | 267.00 | 277.60 | 10.60 | 1.05 |
| BBD1195 | 221.15 | 223.15 | 2.00 | 7.60 |
| incl. | 221.15 | 222.15 | 1.00 | 14.54 |
| and | 255.00 | 258.00 | 3.00 | 3.87 |
| incl. | 255.00 | 257.00 | 2.00 | 5.54 |
| and | 265.00 | 279.70 | 14.70 | 1.75 |
| BBD1196 | 283.00 | 297.00 | 14.00 | 1.07 |
| incl. | 284.00 | 292.00 | 8.00 | 1.49 |
| BBD1197 | 206.00 | 235.00 | 29.00 | 0.71 |
| incl. | 208.60 | 222.00 | 13.40 | 0.90 |
| BBD1198 | 216.45 | 231.00 | 14.55 | 0.64 |
| and | 248.00 | 267.20 | 19.20 | 1.19 |
| incl. | 253.00 | 263.60 | 10.60 | 1.67 |
| BBD1199 | 203.80 | 246.25 | 42.45 | 1.08 |
| incl. | 224.00 | 238.00 | 14.00 | 1.80 |
| BBD1200 | 228.80 | 247.00 | 18.20 | 1.43 |
| incl. | 237.00 | 245.00 | 8.00 | 2.20 |
| and | 257.30 | 262.90 | 5.60 | 1.98 |
| BBD1205 | 137.30 | 144.80 | 7.50 | 2.65 |
| incl. | 142.20 | 143.00 | 0.80 | 18.00 |
| BBD1207 | 128.00 | 134.00 | 6.00 | 0.85 |
| incl. | 133.00 | 134.00 | 1.00 | 2.73 |
| BBD1208 | 145.00 | 154.00 | 9.00 | 0.91 |
| incl. | 149.00 | 154.00 | 5.00 | 1.22 |
| BBD1210 | 50.50 | 57.50 | 7.00 | 0.82 |
| BBD1235 | 18.00 | 36.70 | 18.70 | 0.69 |
| BBD1236 | 124.90 | 134.00 | 9.10 | 1.38 |
| incl. | 124.90 | 131.00 | 6.10 | 1.80 |
| BBD1237 | 72.00 | 82.15 | 10.15 | 0.73 |
| BBD1240 | 122.50 | 148.10 | 25.60 | 0.63 |
| BBD1261 | 67.00 | 96.00 | 29.00 | 0.64 |
| and | 109.70 | 134.00 | 24.30 | 0.55 |
| incl. | 117.00 | 121.00 | 4.00 | 1.20 |
| BBD1162 | 39.00 | 89.00 | 50.00 | 0.69 |
| incl. | 56.00 | 83.00 | 27.00 | 0.87 |
| BBD1263 | 79.00 | 98.10 | 19.10 | 0.59 |
| incl. | 82.00 | 84.00 | 2.00 | 1.09 |
* True widths for Siga area drilling are approximately 90% of drilled lengths.
Figure 1: Bomboré Plan Map Overview
Figure 2: Maga Plan Map
Figure 3: Siga Plan Map
About Orezone Gold Corporation
Orezone Gold Corporation is a Canadian mining company operating the open pit Bomboré Gold Mine in Burkina Faso.
Orezone is focusing on mining and processing the Phase I near surface free-dig oxides at a planned annual throughput of 5.2 million tonnes. The Company believes that Bomboré has a significant underlying sulphide resource to support a substantially larger Phase II expansion. A 77,000 m infill and expansion drill program is ongoing and once completed, the Company plans to issue an updated mineral resource and reserve statement and feasibility study, as part of this Phase II expansion. It is expected that the studies will be completed in H2-2023 to be followed by a production decision.
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 for the 2019 Feasibility Study on the Bomboré Project entitled NI 43-101 Technical Report (Amended) Feasibility Study of the Bomboré Gold Project is available on SEDAR under the Company’s profile at www.Sedar.com.
Posted December 21, 2022
MORE or "UNCATEGORIZED"
Red Pine Discovers Significant Gold Mineralization in Faulted Extension of the Jubilee Shear on the Wawa Gold Project
Red Pine Exploration Inc. (TSX-V: RPX) (OTCQB: RDEXF) is pleased ... READ MORE
October 31, 2024
F3 Announces Closing of Private Placement for Aggregate Gross Proceeds of C$8 Million
F3 Uranium Corp. (TSX-V: FUU) (OTC Pink: FUUFF) is pleased to ann... READ MORE
October 31, 2024
Collective Mining Announces Closing of Concurrent Financings for Gross Proceeds of C$46.35 Million
Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) is pleased to ann... READ MORE
October 31, 2024
ARIS MINING ANNOUNCES CLOSING OF US$450 MILLION SENIOR NOTES OFFERING TO FUND REDEMPTION OF OUTSTANDING 6.875% SENIOR NOTES
Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces t... READ MORE
October 31, 2024
Rare Element Resources Receives Final Approval Required to Commence Operations of Rare Earth Demonstration Plant in Wyoming
Staffing in place and operations shakedown underway Rare E... READ MORE
October 31, 2024
