Orezone Gold Corp's Promising Drill Results Enhance Growth Prospects
Orezone Gold Corporation Reports Promising Drill Results
Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) is excited to announce significant progress in its exploration campaign at the Bomboré gold mine. The initial drill results from a recent multi-year exploration program, focusing on the North Zone, have demonstrated encouraging continuity of the mineralized system at greater depths. This exploration effort is aimed at enhancing the understanding and potential of the mine, which is vital for future growth.
Drill Highlights and Results
Initial results have been particularly promising. Notable drill holes include:
- Hole BBD1313 which demonstrated an intersection of 1.02 g/t Au over a length of 57.00 meters, starting from 100 meters below the reserve pit.
- Hole BBD1314 that intersected 1.64 g/t Au over 46.00 meters beginning from 200 meters below the reserve pit. This hole included a remarkable sub-interval of 2.03 g/t Au over 22.00 meters.
These results strengthen the exploration model, revealing that the mineralization can now be traced vertically down to 340 meters, which is 240 meters below the previously defined life of mine reserve pit.
Future Exploration Plans
Patrick Downey, President & CEO, emphasized the potential for expanding the Bomboré project. The recent drill results highlight not only the exploration upside but also the opportunity to extend the life of mine significantly. With these encouraging initial results, the company plans to intensify its drilling efforts by introducing a second drill rig. The focus will be on conducting widespread drilling aimed at identifying the full scale and potential of the Bomboré system while following up on higher-grade intercepts previously released, such as an exceptional 113.74 g/t gold over 8.00 meters in the Siga Zone.
North Zone Overview
The North Zone of the Bomboré mine is notable for its substantial mineral endowment, defined over a continuous strike length exceeding 2.5 kilometers. The mineralization is characterized by gold-rich zones extending up to 30-60 meters in width, deeply rooted within a deformed metasedimentary unit. As drilling continues, the team aims to push deeper to explore the limits of this exciting corridor for further enhancements.
About Orezone Gold Corporation
Orezone Gold Corporation is dedicated to the mining, development, and exploration of its flagship Bomboré Gold Mine located in Burkina Faso. This operation is focused on transitioning into hard rock processing, which is projected to increase the mine's production capacity significantly. With efforts underway to boost annual output, the company aims to produce approximately 180,000 ounces starting in the near future.
Orezone's leadership team prioritizes social responsibility and sustainability, ensuring that exploration and production efforts align with best practices in the industry.
Contact Information
For further inquiries, please reach out to:
Patrick Downey
President and Chief Executive Officer
Vanessa Pickering
Manager, Investor Relations
Tel: 1 778 945 8977 / Toll-Free: 1 888 673 0663
Email: info@orezone.com
Frequently Asked Questions
What recent successes has Orezone Gold Corporation achieved?
Orezone has reported significant drill results, indicating robust mineralization and the potential for increasing the Bomboré project's life and output.
What are the highlights from the recent drill results?
Recent highlights include Hole BBD1314, which showed 1.64 g/t Au over 46 meters, and Hole BBD1313 with 1.02 g/t Au over 57 meters.
What is the company's plan moving forward?
The company is expanding its drilling operations by adding a second drill rig to explore the North Zone further and follow up on previous high-grade intercepts.
How does the North Zone contribute to the Bomboré mine?
The North Zone has been instrumental in identifying significant mineral resources, extending 2.5 kilometers and demonstrating wide zones of mineralization.
What does Orezone prioritize in its operations?
Orezone focuses on sustainability, social responsibility, and maximizing production through effective exploration and mining strategies.
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