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Brighton Energy Commences Uranium Exploration in Niger

Permit extensions granted and Orezone consolidates ownership

 

September 15, 2010 - Orezone Gold Corporation ( ORE:TSX ) is pleased to announce that its subsidiary, Brighton Energy Limited ("Brighton"), has received 20 to 27 month extensions for its five uranium exploration permits in the Republic of Niger, West Africa. Utilizing its own treasury, Brighton has commenced a $3M exploration program that will include airborne geophysical surveys followed by ground verification and drilling of the higher priority targets identified along the major mineralized trends. Drilling is expected to commence by November.

 

Orezone is also pleased to announce that it has concluded a transaction to increase its equity ownership in Brighton to 66.6% (see release June 23, 2010). Brighton, through its Niger subsidiary, has title to 4,000 km� of well located and prospective ground within the Tim MersoI sedimentary Basin (Location Map). The permits host key geological structures and favorable rocks that are known to host or control the mineralization at producing uranium mines in the basin. This region currently ranks as the sixth largest uranium producer in the world and is expected to become the second largest by 2013 with additional production from Areva and China Nuclear. Even with the increased production profile the area remains largely underexplored.

 

"With extensive land holdings, a solid treasury and Orezone's interest in Brighton consolidated, both Orezone and Brighton stakeholders are well positioned to benefit from any success with our exploration programs" said Ron Little, President and CEO for Orezone. 

 

Orezone is a gold exploration and development company with more than 15 years experience in West Africa, one of the world's fastest growing gold producing regions.  Orezone delineated, permitted, and developed Burkina Faso's largest gold deposit (Essakane) before it was bought by IAMGOLD in a transaction worth approximately $350M.  Orezone continues to focus on developing the rest of its pipeline of advanced gold projects including Bombor�, one of the largest undeveloped gold deposits in Burkina Faso.  Orezone's mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.

 

For further information please contact Orezone at (613) 241-3699 or Toll Free: (888) 673-0663  

Ron Little, CEO, rlittle@orezone.com Pascal Marquis, V.P. Exploration, pmarquis@orezone.com

 

 

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 are based on 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, 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.

 

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Orezone Gold Corp.

EXPLORATEUR
CODE : ORE.TO
ISIN : CA68616T1093
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Dans les médias de Orezone Gold Corp.
28/08/2012Orezone tops 5 million ounces gold in Burkina Faso
17/02/2012Cluff outlines production fast-track for Orezone gold asset
27/05/2011Gold grades better than expected for Orezone at Bomboré
30/10/2010Resource boost bumps up buying at Orezone Gold
16/06/2010Positive Results Continue From Bombore Infill and Expansion ...
26/01/2010Orezone completes C$10m financing
06/01/2010Orezone announces C$10m equity financing
14/10/2009Orezone confirms Bomboré gold deposit amenable to heap leach...
29/05/2009Orezone Gold symbol change to ORE
23/04/2009Orezone Gold budgets $1,8m for exploration this year
13/12/2008Iamgold agrees to take on Orezone for Essakane gold mine
Rapports annuels de Orezone Gold Corp.
2009 Annual Report
2008 Annual Report
Annual report 2006
Financements de Orezone Gold Corp.
21/12/2010Completes C$54 Million Financing
23/06/2010Arranges C$5M Private Placement for Brighton Energy
02/01/2009 Closes Private Placement, Updates Timing of Transaction wit...
Rapports Financiers de Orezone Gold Corp.
15/11/2008 Third Quarter Update
Projets de Orezone Gold Corp.
27/03/2013(Bombore)Positive Progress Report for Bombore Feasibility Study and R...
13/11/2012(Bombore)Positive Drill Results Support Further Growth at Bombore
21/06/2011(Bombore)Bombor=E9 Gold Project Has PositivePreliminary Economic Asse...
24/03/2011(Bombore)Positive Drill Results at Bombore Continue to Confirm Model
23/03/2011(Bombore)Positive Drill Results at Bombore Continue to Confirm Model
24/02/2011(Zeline 1 & Zeline 4)/Brighton Makes Significant New Uranium Discovery in Niger: ...
19/10/2010(Bombore)Bomboré Gold Project has Substantial Increase in Size and Gr...
06/07/2010(Bombore)Fourth Round of Positive Drill Results at Bombore
16/06/2010(Bombore)Positive Results Continue From Bombore Infill and Expansion ...
13/05/2010Additional PositiveInfill and Expansion Drilling Results at ...
25/03/2010(Bombore)Bombore Auger Drilling Results Indicate Possible 2.5km of Ex...
28/01/2010(Bombore)Commences $2 Million Drill Program at Bombore
05/01/2010(Sega)Increases Sega Project Gold Resources
08/12/2009(Bombore)Improves on Final Bombore Metallurgical Results
14/10/2009(Bombore)Confirms Bombore Gold Deposit is Amenable to Heap Leaching
29/07/2009(Bombore)Completes Drilling Below Surface Resources at Bombore
24/06/2009(Bombore)Orezone Confirms Mineralization at Bombore Below Surface Res...
24/04/2009(Bombore)Commences Deep Drilling and Metallurgical Testing at Bombore
10/11/2008(Bombore)Almost Triples Gold Resource at Bombore Project
30/06/2008(Essakane)2008 Technical report
04/03/2008(Bondi)Increases Bondi Project Resources
Communiqués de Presse de Orezone Gold Corp.
04/02/2013(Bombore)Bombore FS and Resource Update Will Include +400,000m of Dri...
03/12/2010Announces C$46,875,000 Equity Financing
15/09/2010Brighton Energy Commences Uranium Exploration in Niger
17/02/2010Brighton Energy Limited Receives Niger Uranium Permit Approv...
08/07/2009Ron Little named Ernst & Young Entrepreneur of the Year Fina...
01/03/2009Orezone Presentation – PDAC 2009
25/02/2009IAMGOLD Completes Acquisition of Orezone
20/02/2009Obtains Final Court Approval for IAMGOLD Transaction
19/02/2009Shareholders Approve Arrangement with IAMGOLD
13/02/2009 Updates Status of Shareholder Vote
08/05/2007Financials
29/09/2005An emerging producer in Burkina Faso, West Africa
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