Orezone Gold Corp.

Published : July 29th, 2009

Completes Drilling Below Surface Resources at Bombore

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July 29, 2009

Orezone Completes Drilling Below Surface Resources at Bombore

OTTAWA, ONTARIO--(Marketwire - July 29, 2009) - Orezone Gold Corporation (TSX:ORE) is pleased to announce assay results for the remaining thirteen holes of a twenty hole, 4,500m diamond drilling program on its wholly owned Bombore gold project in Burkina Faso, West Africa. The program has confirmed the continuation of the gold mineralization below the surface oxide resources (average 40m depth) to a depth of 175m. Although the program has only tested 200m of a 10km resource model, the average grade of the mineralization is slightly better than expected as compared to the projected resource model at depth. The mineralization remains open at depth and will be tested along strike in due course after completion of ongoing metallurgical studies. The Bombore Project contains 0.93 Million ounces of Indicated resources and 1.78 Million ounces of Inferred resources with grades averaging approximately 0.5 g/t in the surface oxide zone and closer to one gram of gold per tonne in the fresh rock below.

The program is being carried out in an area where the pit shell used to calculate resources is approximately 1km wide, centered on a core of mineralization roughly 300m wide. Holes have been spaced every 90m along two section lines that are 200m apart. The results from the last thirteen holes further confirmed that the fresh rock mineralization at depth (above 0.5g/t) occurs only below the core or centre of the oxide resources and grades become marginal on either periphery. This is offset by the fact that the weighted grade of the samples from the Fresh zone above a lower cut-off of 0.5 g/t is 1.10 g/t, about 24% better than predicted by the model. Table 2 shows results from the Fresh zone from the entire program. Although the oxide mineralization was more restricted than the model, the average grade of the oxide/transition material was better than expected at 0.58 g/t vs 0.52 g/t (using a 0.25 g/t cutoff).

Table 1 Mineralized intervals above 0.25 g/t from the Oxide and Transition
East           1650  BBD077   17.00   20.00      3.00    1.174
East           1650  BBD077   44.00   54.00     10.00    0.330
East           1650  BBD077   57.00   66.00      9.00    0.479
East           1650  BBD078    8.50   22.00     13.50    0.334 New results
East           1650  BBD078   46.00   50.00      4.00    1.136 New results
East           1650  BBD078   61.00   64.00      3.00    0.603 New results
East           1650  BBD078   70.00   75.00      5.00    0.515 New results
East           1650  BBD078   80.00   88.00      8.00    0.476 New results
East           1650  BBD078   91.50   98.00      6.50    0.569 New results
East           1650  BBD079               NS(1)                New results
Central        1650  BBD080   48.00   51.00      3.00    3.931 New results
Central        1650  BBD080   62.00   68.00      6.00    0.471 New results
Central        1650  BBD081   22.00   25.00      3.00    0.512 New results
Central        1650  BBD081   38.00   41.00      3.00    0.400 New results
Central        1650  BBD081   47.00   50.00      3.00    0.316 New results
Central        1650  BBD082   24.00   38.00     14.00    0.382 New results
West           1650  BBD083    9.00   22.00     13.00    0.646 New results
West           1650  BBD083   29.00   42.00     13.00    0.556 New results
West           1650  BBD084    0.00    4.00      4.00    0.424 New results
West           1650  BBD085    7.00   40.00     33.00    0.503 New results
West           1650  BBD085   43.00   52.00      9.00    0.453 New results
West           1650  BBD085   58.00   66.00      8.00    0.317 New results
West           1650  BBD086    0.00   33.00     33.00    0.516 New results
West           1850  BBD087    0.00   23.00     23.00    0.424 New results
West           1850  BBD087   48.00   66.00     18.00    0.676 New results
West           1850  BBD087   72.00   79.00      7.00    0.323 New results
West           1850  BBD088   26.00   29.00      3.00    0.464 New results
West           1850  BBD088   39.00   42.00      3.00    0.474 New results
West           1850  BBD089    2.00   13.00     11.00    0.342 New results
West           1850  BBD089   20.00   26.00      6.00    0.445 New results
West           1850  BBD089   38.00   42.00      4.00    0.830 New results
West           1850  BBD089   50.00   56.00      6.00    0.335 New results
Central        1850  BBD090                          NS        New results
Central        1850  BBD068    3.00   24.00     21.00    0.471
Central        1850  BBD068   33.00   43.00     10.00    0.422
Central        1850  BBD069    0.00    3.00      3.00    1.048
Central        1850  BBD069    9.00   15.00      6.00    0.675
East           1850  BBD070   59.00   62.00      3.00    0.710
East           1850  BBD071    0.00    3.00      3.00    0.306
East           1850  BBD071   36.00   39.00      3.00    0.340
East           1850  BBD071   69.00   75.00      6.00    1.248
East           1850  BBD072    3.00   23.50     20.50    1.846
East           1850  BBD072   78.00   82.00      4.00    0.407
East           1850  BBD072   85.00   95.00     10.00    0.806
East           1850  BBD073   15.00   24.00      9.00    0.357
East           1850  BBD073   72.00   80.00      8.00    0.408
Weighted grade, OX+TR Zone, intervals above lower cut-off of 0.25 g/t 0.583
(1) No significant result
Table 2 Mineralized intervals above 0.5 g/t from the Fresh zone
East           1650  BBD077  208.00  217.00      9.00    2.022
East           1650  BBD078                NS                  New results
East           1650  BBD079                NS                  New results
Central        1650  BBD080   84.00   87.40      3.40    0.699 New results
Central        1650  BBD080  124.00  130.00      6.00    1.180 New results
Central        1650  BBD080  154.00  167.00     12.00    1.393 New results
Central        1650  BBD080  197.00  214.00     17.00    1.134 New results
Central        1650  BBD081   55.00   60.00      5.00    0.600 New results
Central        1650  BBD081   68.00   77.00      9.00    0.714 New results
Central        1650  BBD081   88.00  105.00     17.00    1.801 New results
Central        1650  BBD081  109.00  113.00      4.00    2.717 New results
Central        1650  BBD081  139.00  147.00      8.00    0.752 New results
Central        1650  BBD081  150.00  153.00      3.00    3.100 New results
Central        1650  BBD081  190.00  194.00      4.00    0.735 New results
Central        1650  BBD082   71.00   74.00      3.00    0.420 New results
Central        1650  BBD082  107.00  114.00      7.00    0.621 New results
Central        1650  BBD082  126.00  133.00      7.00    0.471 New results
Central        1650  BBD082  138.00  144.00      6.00    0.908 New results
Central        1650  BBD082  213.00  217.00      4.00    0.463 New results
West           1650  BBD083   35.00   40.00      5.00    0.859 New results
West           1650  BBD083  112.00  115.00      3.00    0.857 New results
West           1650  BBD083  182.00  186.00      4.00    0.712 New results
West           1650  BBD084   96.00  103.00      7.00    0.789 New results
West           1650  BBD085  101.00  104.00      3.00    0.437 New results
West           1650  BBD085  107.00  111.00      4.00    0.673 New results
West           1650  BBD085  144.00  147.00      3.00    0.473 New results
West           1650  BBD086  211.00  215.00      4.00    0.322 New results
West           1850  BBD087                NS                  New results
West           1850  BBD088   69.00   72.00      3.00    0.957 New results
West           1850  BBD088   93.00   97.00      4.00    0.640 New results
West           1850  BBD088  133.00  136.35      3.35    0.482 New results
West           1850  BBD088  140.00  144.00      4.00    0.580 New results
West           1850  BBD088  202.00  205.00      3.00    5.883 New results
West           1850  BBD089  175.00  178.00      3.00    0.417 New results
West           1850  BBD089  203.00  206.00      3.00    0.430 New results
Central        1825  BBD090   76.00   82.00      6.00    0.515 New results
Central        1850  BBD068  124.50  127.50      3.00    0.623
Central        1850  BBD068  146.50  175.50     29.00    1.229
Central        1850  BBD068  178.50  184.50      6.00    1.128
Central        1850  BBD068  203.50  206.50      3.00    0.693
Central        1850  BBD068  215.50  219.50      4.00    0.928
Central        1850  BBD069   93.30  104.30     11.00    1.010
Central        1850  BBD069  111.30  124.00     12.70    2.166
Central        1850  BBD069  132.00  136.00      4.00    1.423
Central        1850  BBD069  184.00  190.00      6.00    0.733
East           1850  BBD070   98.00  101.00      3.00    1.083
East           1850  BBD070  105.00  110.00      5.00    2.388
East           1850  BBD070  199.00  206.00      7.00    0.784
East           1850  BBD071  172.00  175.00      3.00    0.417
East           1850  BBD072  174.00  179.00      5.00    0.468
East           1850  BBD073  107.00  113.00      6.00    0.515
East           1850  BBD073  202.00  210.00      8.00    0.545
Weighted grade, FR Zone, intervals above lower cut-off of 0.5 g/t 1.10


"The results are positive but this in only small sample of such a large system", said Ron Little, President and CEO of Orezone. "The results of the ongoing detailed metallurgical work are expected in Q4 and will assist in fully evaluating the economic potential of Bombore. Our goal is to first focus on establishing the viability of the extensive surface oxide resources followed by a more detailed examination of the size and potential of the fresh rock resources at depth" he added. Bombore has the potential to host a large, lower grade open pit operation with very good infrastructure compared too much of West Africa. It is located 80km east of the capital city of Ouagadougou adjacent to a major national highway, near a large water reservoir, and will have access to an international power grid in the coming years.

Orezone is also pleased to announce the appointment of Dr. James Gill to the Board of Directors. Dr. Gill is one of Canada's most successful mining executives with almost 40 years of experience involving exploration, feasibility studies, mine finance, development and operations. He founded Aur Resources Inc. and served as President and CEO for 26 years until its acquisition by TeckCominco Ltd in August 2007 for $4.1 billion. Dr. Gill is a graduate of McGill and Carleton Universities and holds a Ph.D. in economic geology.

"We are very pleased to welcome Jim to the Board and believe his wealth of experience in the mining industry will be invaluable to the Company" said Ron Little, President and CEO of Orezone. "Jim's entrepreneurial spirit is well suited to Orezone's exploration growth and development strategies" he added. Dr. Gill's appointment remains subject to approval by the Toronto Stock Exchange.

Drilling on the Bombore property was supervised by Dr. Pascal Marquis, Vice President of Exploration for Orezone, who is a Qualified Person under National Instrument 43-101 and has reviewed and approved the technical information in this release. Orezone employs a rigorous Quality Control Program (QCP) employing a minimum 10% standards, blanks and duplicates. All core holes were entirely sampled and the half core samples collected by Orezone are averaging a length of 1 m. The sample preparation was performed by Abilab Burkina S.A.R.L., a subsidiary of ALS Chemex. Assays were completed at BIGS Global Burkina S.A.R.L. for oxide and transition material using the LeachWELL(TM) method and the fresh rock material was analyzed by SGS Burkina S.A. using Fire Assay method.

Orezone is a gold exploration and development company that owns Bombore, one of the largest gold deposits in Burkina Faso, West Africa. Orezone also has a pipeline of developing projects, all located in politically stable areas of West Africa, one of the world's fastest growing gold producing regions. Orezone's mission is to create wealth by discovering and developing the earth's resources in an efficient and responsible manner.

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 and forward-looking information in this new release include statements with respect to the scope and timing of the drilling project and metallurgical testing for Bombore and the timing of the release of a resource update for the Sega project.

Forward-looking statements are based on certain assumptions, opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking statements. The assumptions include that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for the drilling program is available as scheduled, that no labour shortages or delays are incurred, that no material adverse change occurs to Orezone. Factors that could cause the forward-looking statements and forward-looking information to differ materially in actuality include the failure of contracted parties to perform as contracted and the failure of equipment. 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.

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, 2008, and other continuous disclosure documents filed by Orezone since January 1, 2009 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.



Orezone Gold Corporation
Ron Little, CEO
Toll Free: 888-673-0663


Orezone Gold Corporation
Greg Bowes, Senior VP
Toll Free: 888-673-0663

INDUSTRY: Manufacturing and Production - Mining and Metals




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$ 102.1 millions as of today (US$ 81.6 millions, € 71.5 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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Annual reports of Orezone Gold Corp.
2009 Annual Report
2008 Annual Report
Annual report 2006
Financings of Orezone Gold Corp.
11/13/2013Closes C$5M Non-Brokered Private Placement
10/30/2013Arranges C$5M Non-Brokered Private Placement
6/23/2010Arranges C$5M Private Placement for Brighton Energy
1/2/2009 Closes Private Placement, Updates Timing of Transaction wit...
Financials of Orezone Gold Corp.
11/15/2008 Third Quarter Update
Project news of Orezone Gold Corp.
3/27/2013(Bombore)Positive Progress Report for Bombore Feasibility Study and R...
11/13/2012(Bombore)Positive Drill Results Support Further Growth at Bombore
9/4/2012(Bombore)35,000 m of Positive Drill Results Support Further Growth at...
8/27/2012(Bombore)Bombore Gold Project Reaches World Class Size
2/22/2012(Bombore)Provides Positive Update on its Bombore Gold Project
2/3/2012(Sega)Sells Sega Project to Cluff Gold for $29.6M
1/10/2012(Bombore)Reports Continued Positive Results at Bombore Gold Project
11/28/2011Brighton Expands Niger Uranium Discovery to 14 km2 of Minera...
8/18/2011Orezone Confirms Heap Leach Potential of Sulphide Resources ...
8/18/2011(Sega)Confirms Heap Leach Potential of Sulphide Resources at Sega
8/8/2011Orezone Expands Bombor\303\251 Gold Project ...
8/8/2011(Bombore)Expands Bombore Gold Project Area 60% With New Permit
7/26/2011(Bombore)Reports Higher Gold Grades and Improved Continuity at Bombor...
6/21/2011(Bombore)Bombor=E9 Gold Project Has PositivePreliminary Economic Asse...
6/20/2011Orezone Bombor\303\251 Gold Project ...
4/11/2011(Sega)Confirms Positive Metallurgical Results for Sega Gold Deposi...
3/24/2011(Bombore)Positive Drill Results at Bombore Continue to Confirm Model
3/23/2011(Bombore)Positive Drill Results at Bombore Continue to Confirm Model
2/24/2011(Zeline 1 & Zeline 4)/Brighton Makes Significant New Uranium Discovery in Niger: ...
7/6/2010(Bombore)Fourth Round of Positive Drill Results at Bombore
6/16/2010(Bombore)Positive Results Continue From Bombore Infill and Expansion ...
5/13/2010Additional PositiveInfill and Expansion Drilling Results at ...
3/25/2010(Bombore)Bombore Auger Drilling Results Indicate Possible 2.5km of Ex...
1/28/2010(Bombore)Commences $2 Million Drill Program at Bombore
1/5/2010(Sega)Increases Sega Project Gold Resources
12/8/2009(Bombore)Improves on Final Bombore Metallurgical Results
10/14/2009(Bombore)Confirms Bombore Gold Deposit is Amenable to Heap Leaching
7/29/2009(Bombore)Completes Drilling Below Surface Resources at Bombore
6/24/2009(Bombore)Orezone Confirms Mineralization at Bombore Below Surface Res...
11/10/2008(Bombore)Almost Triples Gold Resource at Bombore Project
6/30/2008(Essakane)2008 Technical report
Corporate news of Orezone Gold Corp.
12/4/2015Orezone Approved to Move from TSX to TSX-V
9/16/2015Orezone Provides Update on Bomboré Permitting and Bondi Proj...
9/16/2015Orezone Provides Update on Bombore Permitting and Bondi Proj...
7/21/2015Orezone Closes C$6.5M Investment
7/6/2015Orezone Arranges C$6.5M Investment that Includes Ross Beaty
1/27/2015Sandstorm Gold Announces 10 Royalty Agreements
1/27/2015Orezone Closes US$3 Million Financing and Secures an Additio...
1/27/2015Sandstorm Gold Announces 10 Royalty Agreements
1/27/2015Orezone Closes US$3Million Financing
11/24/2014Bombore Gold Project Feasibility Study Update
11/10/2014Orezone update on Operations in Burkina Faso
11/10/2014Orezone Update on Operations in Burkina Faso
11/3/2014Orezone update on Bomboré and Burkina Faso
11/3/2014Orezone Update on Bombore and Burkina Faso
10/14/2014Bombore Gold Project Feasibility Study Update
9/8/2014Bombore Gold Project Feasibility Study Update
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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