35,000 m of Positive Drill Results Support Further Growth at Bombore
Published : September 04, 2012
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OTTAWA, ONTARIO--(Marketwire - Sept. 4, 2012) - Orezone Gold Corporation (News - Market indicators) is pleased to announce 35,000 m of additional positive oxide and sulphide drill results from infill and expansion drilling completed during the second quarter at its wholly owned Bomboré Gold Project in Burkina Faso, West Africa. These results were not included in the Bomboré resource update announced on August 27, 2012.

Highlights

• Results include 408 reverse circulation holes (RC) (21,113 m) and 93 core holes (DD) (14,161 m). For all results see the following Table.

• The majority of these results are from the southern area of the project, which now accounts for approximately 40% of the Bomboré resource. A significant portion of the new results are situated outside and close proximity to the southern area pit shells that constrain the resource. 

• Five new holes from the P17N prospect confirmed the continuity of this new discovery and definition drilling will commence over a strike of at least 350 m. This prospect was not included in the 2012 resource estimate and the new drilling will focus on upgrading resources to an indicated level.

• In the northern area, a possible southwest extension of the Maga main zone was confirmed. Additional drilling focused on upgrading resources to an inferred level will commence over a strike length of 1.2 km.

• Based on the positive results, the board has approved an additional 42,000 m RC and 46,000 m of core drilling to upgrade and expand the inferred oxide and sulphide resources of the project. The drilling program has already started with one RC and two core rigs.

• The next resource update is planned for Q1 2013 that will incorporate the 35,000 m of new results plus an expected 30,000 m of results from the upcoming drill program.

• The new on-site Bomboré sample preparation facility can handle in excess of 15,000 samples per month (17,109 samples prepared in July) and will significantly improve the delivery time of the future drill results.

"These results confirm that there is excellent potential for further expansion of the oxide and sulphide resources." said Pascal Marquis, SVP Exploration for Orezone. "The next round of drilling is designed to continue to expand resources and steadily improve the project economics."

Table 1. Cumulative Historical Results Reported to Date

Total Drilling to Date   Grade g/t
Zone   # of Holes   Total m   Uncut   Cut
KT - RC   120   7,830   1.45   1.29
KT - DD   6   642   1.73   1.67
CFU - RC   212   13,836   1.57   1.07
CFU - DD   26   3,938   1.75   0.99
Maga - RC   750   49,110   1.21   1.07
Maga - DD   155   22,817   1.21   1.11
P8P9 - RC   1,186   81,119   1.19   1.02
P8P9 - DD   240   40,622   1.18   1.00
P11 - RC   368   20,422   1.03   0.99
P11- DD   88   12,358   1.11   0.97
Siga E - RC   371   22,042   1.02   0.93
Siga E - DD   105   15,334   1.30   1.05
Siga W - RC   298   16,208   0.94   0.89
Siga W - DD   93   12,773   0.90   0.87
Siga S - RC   456   23,465   1.80   0.94
Siga S - DD   96   15,042   1.04   0.98
P17 N - RC   9   451   1.29   1.15
P17 N - DD   0   0        
P17 S - RC   0   0        
P17 S - DD   3   414   3.09   2.59
P17 - RC   32   1,951   2.24   1.86
P17 - DD   24   2,980   1.50   1.38
P16 - RC   51   3,124   1.48   1.28
P16 - DD   27   3,931   2.71   1.64
North - RC   2,268   151,895   1.22   1.04
North - DD   427   68,019   1.21   1.04
South - RC   1,493   82,137   1.36   0.94
South- DD   382   55,506   1.06   0.96
SE - RC   92   5,526   1.69   1.44
SE - DD   54   7,325   2.31   1.55
All - RC   3,853   239,558   1.29   1.02
All - DD   863   130,850   1.20   1.03
 
[1] Weighted average grade of individual assays, cut to 5 g/t

Table 2. Breakdown of Drilling Meterage for this Release

Zone   Core Drilling   RC Drilling
  # of holes   Total m   # of holes   Total m
Maga   0   0   56   3,090
CFU   0   0   3   198
P8P9   25   4,621   30   1,665
P11   3   496   24   1,308
Siga E   15   1,920   46   2,344
Siga W   17   2,127   44   2,234
Siga S   30   4,529   177   8,877
P17 N   0   0   5   250
P16   0   0   12   587
P13   0   0   1   50
Goingho   0   0   4   200
MV2   0   0   2   110
MV3S   3   468   4   200
TOTAL   93   14,161   408   21,113

Table 3. Highlights of Diamond Drill Hole Results for this Release

(Includes holes previously reported for which the final total assay results are now available)

            From   To   Length   Uncut
Grade
(1)
  Cut
Grade
(2)
  Total
Zone   Section   Hole #   (m)   (m)   (m)   (g/t)   (g/t)   Assay(3)
CFU   3150   BBD0729   28.50   36.00   7.50   14.14   4.15    
Maga   4425   BBD0639   105.50   149.00   43.50   1.22   1.22    
Maga   4400   BBD0820   137.00   189.00   52.00   1.36   1.27    
Maga   4375   BBD0772   76.00   109.00   33.00   1.10   1.10    
Maga   4350   BBD0738   74.00   97.00   23.00   1.11   1.11    
Maga   4350   BBD0738   100.00   111.00   11.00   1.38   1.38    
Maga   4325   BBD0688   93.00   113.00   20.00   1.32   1.32    
Maga   4250   BBD0638   104.00   126.00   22.00   0.92   0.92    
Maga   4225   BBD0637   125.00   144.00   19.00   1.01   1.01    
Maga   4075   BBD0736   10.50   22.50   12.00   1.66   1.66    
Maga   4075   BBD0737   172.00   199.00   27.00   1.22   1.12    
Maga   4050   BBD0770   71.00   91.00   20.00   0.77   0.77    
Maga   4050   BBD0771   177.00   193.00   16.00   1.25   1.25    
Maga   3975   BBD0817   0.00   22.50   22.50   2.67   2.14    
Maga   3975   BBD0817   126.00   156.00   30.00   1.48   1.48    
Maga   3950   BBD0816   194.00   210.00   16.00   1.19   1.19    
Maga   3900   BBD0685   27.00   43.00   16.00   1.03   1.03    
Maga   3900   BBD0685   156.00   179.00   23.00   2.40   1.57    
Maga   3875   BBD0733   29.00   71.00   42.00   1.47   1.47    
Maga   3875   BBD0734   89.00   109.00   20.00   0.92   0.92    
Maga   3825   BBD0684   52.00   81.00   29.00   1.43   1.43    
P8P9   2050   BBD0833   104.00   125.00   21.00   1.36   1.29   Pending
P8P9   2000   BBD0837   112.00   123.00   11.00   1.51   1.37   Pending
P8P9   1950   BBD0834   32.00   49.00   17.00   1.55   1.55   Pending
P8P9   1950   BBD0835   0.00   16.50   16.50   3.48   2.96   Pending
P8P9   1950   BBD0835   36.50   52.00   15.50   1.44   1.44   Pending
P8P9   1800   BBD0539   0.00   6.00   6.00   3.23   3.02    
P8P9   1600   BBD0870   63.50   72.50   9.00   1.94   1.86   Pending
P8P9   1300   BBD0871   239.00   263.00   24.00   0.74   0.74   Pending
P8P9   1300   BBD0871   285.00   295.00   10.00   1.79   1.62   Pending
P17 S   42725   TDD0001   47.00   52.00   5.00   3.68   3.33    
P17 S   42725   TDD0002   70.00   74.00   4.00   5.67   4.57    
P17 S   42725   TDD0003   21.00   34.00   13.00   2.28   1.81    
P11   48700   BBD0862   40.00   56.00   16.00   3.78   1.64   Pending
Siga S   10900   BBD0644   57.00   78.50   21.50   0.85   0.85    
Siga S   10750   BBD0776   159.00   185.00   26.00   0.70   0.70    
Siga S   10700   BBD0647   158.00   175.00   17.00   1.81   1.40    
Siga S   10550   BBD0648   121.00   155.00   34.00   1.32   1.32    
Siga S   10450   BBD0640   12.50   57.00   44.50   1.20   1.17    
Siga S   10450   BBD0641   90.00   110.00   20.00   1.12   1.12    
Siga S   10400   BBD0698   60.00   80.00   20.00   1.30   1.26    
Siga S   10300   BBD0699   115.00   135.00   20.00   1.61   1.24    
Siga S   10250   BBD0746   5.50   20.00   14.50   1.84   1.52    
Siga W   12100   BBD0853   59.00   78.00   19.00   0.99   0.99   Pending
Siga W   11550   BBD0825   24.00   47.00   23.00   1.62   0.90    
Siga W   11300   BBD0783   80.00   105.00   25.00   0.61   0.61    
P16   44325   BBD0813   177.00   189.00   12.00   3.09   1.36    
P16   44325   BBD0813   198.00   216.00   18.00   1.22   1.22    
P16   44275   BBD0768   106.00   115.00   9.00   5.18   2.31    
P16   44275   BBD0768   136.00   154.00   18.00   10.55   1.57    
P16   44250   BBD0763   105.00   115.00   10.00   1.81   1.81    
P16   44250   BBD0763   137.00   150.00   13.00   1.43   1.43    
P16   44050   BBD0814   0.00   21.00   21.00   0.92   0.92    

Table 4. Highlights of Reverse Circulation Results for this Release

(Includes holes previously reported for which the final total assay results are now available)

            From   To   Length   Uncut
Grade
(4)
  Cut
Grade
(5)
  Total
Zone   Section   Hole   (m)   (m)   (m)   (g/t)   (g/t)   Assay(6)
CFU   3450   BBC3169   0.00   10.00   8.00   1.64   1.64    
CFU   3350   BBC3160   66.00   70.00   4.00   50.68   3.64    
CFU   2850   BBC3111   3.00   17.00   14.00   1.54   1.54    
CFU   2800   BBC3108   5.00   12.00   7.00   1.46   1.46    
CFU   2700   BBC3096   47.00   54.00   7.00   2.29   1.60    
CFU   2500   BBC2821   24.00   28.00   4.00   5.82   2.63    
CFU   2500   BBC2822   25.00   40.00   15.00   1.08   1.08    
KT   6100   BBC3214   0.00   9.00   9.00   1.34   1.34    
Maga   4500   BBC2810   43.00   67.00   24.00   2.50   2.22    
Maga   4350   BBC2811   4.00   35.00   31.00   1.33   1.33    
Maga   4325   BBC2812   31.00   38.00   7.00   2.11   1.76    
Maga   4325   BBC2812   45.00   74.00   29.00   1.22   1.21    
Maga   4300   BBC2813   7.00   38.00   31.00   0.76   0.76    
Maga   4150   BBC2779   17.00   24.00   7.00   2.17   2.17    
Maga   3650   BBC2988   23.00   31.00   8.00   2.58   2.26    
Maga   3300   BBC2963   0.00   7.00   7.00   2.00   2.00    
Maga   2950   BBC2844   38.00   56.00   18.00   0.76   0.76    
P8P9   1850   BBC2673   30.00   34.00   4.00   2.87   2.87    
P8P9   1850   BBC3491   37.00   48.00   11.00   1.44   1.38   Pending
P8P9   1800   BBC2662   45.00   55.00   10.00   1.72   1.43    
P8P9   1750   BBC3480   17.00   35.00   18.00   1.19   1.19   Pending
P8P9   1075   BBC2554   10.00   25.00   15.00   0.80   0.80    
P17 N   45700   BBC3232   14.00   27.00   13.00   2.22   1.86    
P11   48300   BBC3590   64.00   81.00   17.00   1.31   1.12   Pending
Siga E   11350   BBC3549   6.00   20.00   14.00   1.38   1.10   Pending
Siga S   10900   BBC3383   3.00   13.00   10.00   1.19   1.19    
Siga S   10700   BBC3349   34.00   48.00   14.00   0.78   0.78    
Siga S   10550   BBC3346   54.00   64.00   10.00   1.73   1.71    
Siga S   10400   BBC3315   26.00   34.00   8.00   5.02   3.39    
Siga S   10300   BBC3305   19.00   26.00   7.00   1.50   1.50    
Siga S   10300   BBC3306   7.00   15.00   8.00   2.21   1.60    
Siga S   10150   BBC3290   13.00   18.00   5.00   3.99   2.01    
Siga S   10050   BBC3271   21.00   39.00   18.00   0.73   0.73    
Siga S   9850   BBC3253   24.00   37.00   13.00   0.80   0.80    
Siga S   9850   BBC3258   7.00   16.00   9.00   1.14   1.14    
Siga S   9850   BBC3261   7.00   17.00   10.00   1.64   1.11    
Siga S   9850   BBC3261   21.00   27.00   6.00   1.74   1.74    
Siga S   9850   BBC3262   30.00   37.00   7.00   5.72   2.56    
Siga W   12350   BBC3458   11.00   34.00   23.00   1.71   1.04   Pending
Siga W   11500   BBC3442   22.00   32.00   10.00   1.64   1.64    
P16   44150   BBC3236   6.00   19.00   13.00   0.99   0.99    
P16   44125   BBC3237   6.00   20.00   14.00   1.09   1.09    
P16   44075   BBC3241   11.00   34.00   23.00   5.13   2.56    

The mineralized intervals are based on a lower cut-off grade of 0.5 g/t, a minimal width of 3 m and up to a maximum of two consecutive meters of dilution being included. The true width of the mineralization is approximately 85% of the drill length intervals in Maga, P16, P17 and P8P9 areas, and 95% of the drill length intervals in the Siga area. The half-core samples were collected by Orezone employees using a Diamond saw. The core samples from the weathered (oxide) zone were prepared by Abilab Burkina s.a.r.l. (a subsidiary of ALS-Chemex), BIGS Global Burkina s.a.r.l and SGS Burkina Faso s.a.r.l., and then split by Orezone to 1 kg using Rotary Sample Dividers (RSDs). A 1 kg aliquot was analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by bottle-roll cyanidation using a LeachWell catalyst. The samples from the fresh or sulphide zone were prepared by BIGS Global Burkina s.a.r.l, SGS Burkina Faso s.a.r.l., ACTLABS Burkina Faso s.a.r.l. and Abilab Burkina s.a.r.l. in Ouagadougou and then split by Orezone to 1 kg using Rotary Sample Dividers (RSDs). A 1 kg aliquot was analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by bottle-roll cyanidation using a LeachWell catalyst.

The RC drilling samples were divided by Orezone employees using Rotary Sample Dividers (RSDs). A 2 kg split was prepared by Abilab Burkina s.a.r.l. (a subsidiary of ALS-Chemex), BIGS Global Burkina s.a.r.l and SGS Burkina Faso s.a.r.l., and then split by Orezone to 1 kg using RSDs. A 1 kg aliquot was analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by bottle-roll cyanidation using a LeachWell catalyst. The leach residues from all samples with a leach grade in excess of 0.2 g/t were prepared by BIGS Global Burkina s.a.r.l. and then split by Orezone to 50 g using Rotary Sample Dividers (RSDs). A 50 g aliquot was analyzed by fire assay at SGS Burkina Faso s.a.r.l.

Orezone employs a rigorous Quality Control Program (QCP) including a minimum of 10% standards, blanks and duplicates. This program was executed under the supervision of Pascal Marquis, SVP Exploration for Orezone, who is a Qualified Person under National Instrument 43-101 and approved the technical information in this release. A complete table of results and the NI 43-101 Bomboré Resource Report that describes the Bomboré resource model can be found at www.orezone.com.

About Orezone Gold Corporation

Orezone is a Canadian company with a gold discovery track record of +12 M oz and recent mine development experience in Burkina Faso, West Africa. The company owns a 100% interest in Bomboré, the largest undeveloped gold deposit in the country that is situated 85 km east of the capital city, adjacent to an international highway. Mineral resources are constrained within optimized open pit shells that span 11 km, and include 4.13 Moz of measured and indicated (125 Mt @ 1.03 g/t) and 1.03 Moz of inferred resources (35 Mt @ 1.00 g/t) with an average depth of drilling to only 120 meters. The Company is working to grow resources while completing a definitive feasibility study at Bomboré in 2013 and become a mid-tier gold producer by 2015.

FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements in this release include statements regarding, among others, ; capital and operating cost estimates; gold production for the project; completion of a Definitive Feasibility Study in 2013; completion of the next resource update in Q1 2013; commencement of production at the Bomboré Project in 2015.

FORWARD-LOOKING STATEMENTS are based on certain assumptions, the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, the ability of contracted parties (including laboratories and drill companies to provide services as contracted); uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements. Comparisons between any resource model or estimates with the subsequent drill results are preliminary in nature and should not be relied upon as potential qualified changes to any future resource updates or estimates.

Readers are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. Readers should refer to the annual information form of Orezone for the year ended December 31, 2011 and other continuous disclosure documents filed by Orezone since January 1, 2012 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.

(1) Weighted average grade of uncut individual assays

(2) Weighted average grade of individual assays cut to 5 g/t

(3) Composite width and grade are preliminary where leach residue fire assay results are pending

(4) Weighted average grade of uncut individual assays

(5) Weighted average grade of individual assays cut to 5 g/t

(6) Composite width and grade are preliminary where leach residue fire assay results are pending



Orezone
Ron Little
CEO
(613) 241-3699 or Toll Free: (888) 673-0663
rlittle@orezone.com
or
Orezone
Pascal Marquis
SVP Exploration
(613) 241-3699 or Toll Free: (888) 673-0663
pmarquis@orezone.com
www.orezone.com
Data and Statistics for these countries : Burkina Faso | All
Gold and Silver Prices for these countries : Burkina Faso | All

Orezone Gold Corp.

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Orezone Gold is a gold exploration company based in Canada.

Its main exploration properties are ZELINE 1 & ZELINE 4 and KOSSA in Niger and BOMBORE, SEGA and BONDI in Burkina Faso.

Orezone Gold is listed in Canada. Its market capitalisation is CA$ 161.9 millions as of today (US$ 129.5 millions, € 113.4 millions).

Its stock quote reached its highest recent level on April 08, 2011 at CA$ 5.26, and its lowest recent point on November 27, 2015 at CA$ 0.22.

Orezone Gold has 117 350 000 shares outstanding.

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2008 Annual Report
Annual report 2006
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7/10/2014Positive Metallurgical and Drilling Results at Bombore
6/4/2014Positive Metallurgical Test Results at Bombore
5/23/2014Orezone Gold Corporation: Results of Annual General Meeting
5/21/2014Orezone Appoints Chief Operating Officer
6/20/2013News Release
6/20/2013(Bombore)Shifts Focus of Bombore Study to Heap Leach Scenario
6/4/2013(Bondi)Positive Metallurgical and Drill Results from the Bondi Proj...
5/24/2013Results of Annual General Meeting
5/24/2013Results of Annual General Meeting
4/29/2013(Bombore)Increases and Upgrades the Bombore Gold Project Resource
2/4/2013(Bombore)Bombore FS and Resource Update Will Include +400,000m of Dri...
5/31/2012(Bombore)Bombore Drill Program Continues with Positive Results
5/23/2012(Sega)Completes the Sale of Sega to Cluff Gold for $26.5M
3/30/2012(Bombore)Completes 215,000 Drill Program at Bombore
2/7/2012to Consolidate Brighton Energy Corporation
12/7/2011Brighton Energy Makes Another Near-Surface Uranium Discovery...
9/12/2011(Bombore)Positive Results Continue at Bombore With Seven Drills Opera...
5/26/2011(Bombore)Reports Additional Positive Drill Results at Bombore Gold Pr...
5/16/2011.: Brighton Energy Discovers Additional Uranium Mineralizati...
4/6/2011Expands Board and Management Team
3/7/2011Burkina Faso is Ra
2/17/2010Brighton Energy Limited Receives Niger Uranium Permit Approv...
7/8/2009Ron Little named Ernst & Young Entrepreneur of the Year Fina...
2/25/2009IAMGOLD Completes Acquisition of Orezone
2/20/2009Obtains Final Court Approval for IAMGOLD Transaction
2/19/2009Shareholders Approve Arrangement with IAMGOLD
2/13/2009 Updates Status of Shareholder Vote
9/29/2005An emerging producer in Burkina Faso, West Africa
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