Orezone Gold Corporation (TSX-V: ORE) (OTCQX: ORZCF) is pleased to announce initial results from its ongoing drilling program to test the expansion potential at the P17S deposit at its Bomboré Gold Project, located in Burkina Faso.
The drilling program has been very successful returning the best hole to date at P17S with several other wide, multigram gold intercepts near surface outside of the current reserves and resource envelopes (see Figure 1). These drill results intersected multiple high-grade stacked zones of mineralization to the north of the P17S reserves including a new wide, shallowly dipping zone with excellent down-plunge continuity (see Figure 2). This clearly demonstrates the potential to add significant high-grade resources commencing near surface at P17.
Patrick Downey, President and CEO stated, “These results are very exciting and represent some of the best drill holes completed at Bomboré. The intercepts are thick, near surface, and show exceptional down-plunge continuity. With similar previous results at P17, we now have over 1.7 km of strike extent with multiple high-grade stacked zones and a very exciting target to expand these high-grade reserves and resources. We therefore plan to continue to drill along strike to establish the continuity of this untested gap between P17S and P17.”
Table 1: P17S Area 2021 Selected Drill Results
* True widths for P17S area drilling are approximately 90% of drilled lengths
** Preliminary results without leach residue assays. Final grades will typically increase by 4-6% from those stated.
Figure 1: P17 Area Plan Map
Figure 2: P17 Long Section 730270 E
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.
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We acknowledge the [financial] support of the Government of Canada.