Orezone Announces More Drilling Results at Bomboré Project Outside of Existing Mining Permit and Qualified Resources
OREZONE ANNOUNCES MORE DRILLING RESULTS AT BOMBORÉ PROJECT OUTSIDE OF
EXISTING MINING PERMIT AND QUALIFIED RESOURCES
February 22, 201 8 - Orezone Gold Corporation (“Orezone” or the “Company”) (TSXV:ORE) is
pleased to report recent Reverse Circulation (“RC”) and Diamond Drilling (“DD”) drilling results,
from two areas that lie outside of the main Bomboré deposit mining permit, which continue to
show significant potential to expand both oxide resources and near surface higher-grade sulphide
resources. Orezone is planning to add 13,000 m of RC oxide drilling and 9,000 m of oxide and
sulfide core drilling at Bomboré in 2018. RC drilling on the oxide targets was curtailed in January
due to necessary repairs to the RC rig and will resume as soon as repairs are completed in early
March. Drilling will continue to focus on outside targets and then within the main Bomboré
deposit, where identified high grade zones still remain open to expansion.
P17S Target Expansion
The core drill results from the P17S target are a follow -up to previous drilling (See 2017 Press
Releases of January 17 , April 12 and June 7 ), which has defined several continuous shallow
plunging high-grade mineralized zones that extend from surface to a depth of a t least 215m.
These high-grade zones are associated with thickened fold hinges plunging northwards with a
down-plunge extent of at least 500 m for the Main P17S zone outcrop, along a folded granodiorite
unit, oriented NNE between the P17S and P17 deposits . The total strike extent is currently 1.8
km, including a 600 -m gap that has yet to be drill tested. These new results continue to better
define the extent and the geometry of the higher-grade P17S gold zones located within 2 km
south of the Bomboré mining permit. Previous metallurgical test results have shown that the
P17S sulphide material is free milling with excellent gold recover ies above 90%. The current
release includes results from the core programme completed from May 25, 2017 to June 30, 2017
(11 core holes totalling 2,575 m), together with the results from the first three core holes (560
m) from the new 21-core hole follow-up programme (3,600 m) planned at P17S and initiated on
January 26, 2018.
Highlights from P17S include (true width about 80% of drill intercept length):
• BBD0985: from 180 to 193 m: 13 m @ 2.26 gpt, incl. 1 m @ 10.9 gpt;
• BBD0983: from 215 to 218 m: 3 m @ 4.95 gpt, incl. 1 m @ 12.9 gpt;
• BBD0984: from 104 to 107 m: 3 m @ 5.66 gpt, incl. 1 m @ 14.7 gpt;
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• BBD0991: from 77 to 81.60 m: 4.60 m @ 15.96 gpt, incl. 0.8 m @ 87.8 gpt;
• BBD0990: from 42 to 47 m: 5 m @ 6.38 gpt, incl. 2 m @ 13.5 gpt;
• BBD0990: from 92 to 96 m: 4 m @ 3.00 gpt;
• BBD0983: from 254 to 270.25 m: 16.25 m @ 1.97 gpt; and
• BBD0986: from 277.8 to 286m: 8.2m @ 1.88 gpt.
Prospect KT
This near surface target area is located within 1.5 km to the North of the Bomboré mining permit.
The current RC drill program is a follow-up to historical scout drilling including auger, RAB and RC
high-grade results outside of the current Bomboré qualified resource but in a similar geological
environment. This most recent drilling consists of the first 10 of 23 step-out RC holes planned
around five historical high-grade hits in the KT area. The drilling completed so far on three of the
five KT targets has been successful in determining that oxide mineralization remains open outside
of defined resources, and these new results are consistent with a shallow to moderate NE plunge
for the discrete higher -grade mineralized zones at KT. F urther follow-up drilling, including core
holes to document the local structural setting of each target as well as the st rike and dip of the
discrete mineralized zones, is planned on this KT target area and other similar target areas on the
150 square kilometers Bomboré land package during 2018.
Highlights from Target area KT include (true width currently unknown):
Target KT-01: follow-up on BMB0864 RAB hole that intercepted 4 m @ 3.76 gpt (from 0 to
4m)
• BBC4737: from 26 to 29 m: 3 m @ 2.03 gpt; and
• BBC4737: from 39 to 43 m: 4 m @ 1.23 gpt.
Target KT-02: follow-up on BBC3839 scout RC hole that intercepted 4 m @ 3.98 gpt (from 8 to
12 m)
• BBC4734: from 20 to 23 m: 3 m @ 7.05 gpt, incl. 2 m @ 10.2 gpt.
Target KT-03: follow-up on BBC3618 scout RC hole that intercepted 6 m @ 1.97 gpt (from 36
to 42 m)
• BBC4740: from 43 to 45 m: 2 m @ 3.46gpt.
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Patrick Downey President and CEO stated, “The ongoing results from P17S show that this zone
continues to add near surface sulphide material that is free milling at grades more than double
those of the main Bomboré sulphides. The drilling is showing that there are several limbs to this
folded Granodorite which remains open to both the NNE and SSW, so there is excellent potential
to add resources in this area and to explore for additional similar targets.
Results from target KT show that the oxide resources also remain open to expansion and add to
the exploration potential of the overall Bomboré project together with other similar targets such
as P13 drilled in 2017 (See Press Release January 17,2017). We plan to complete approximately
15,000 m of infi ll drilling to follow up on the high grade drill results from 2017 and 7000 m of
drilling on outside targets to continue to expand the Bomboré footprint”
The mineralized intervals are based on a lower cut-off grade of 0.45 g/t, a minimal width of 2 m
and up to a maximum of 2 m of dilution being included. The true width of the mineralization is
approximately 80% of the drill length at P17S, but is currently unknown at Target KT. The RC
drilling samples were divided by Orezone employees using Rotary Sample Dividers (RSDs). A 2-kg
split was prepared by SGS Burkina Faso s.a.r.l. at the Bomboré sample preparation facility 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 LeachWellTM 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 spl it 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. The
composite width and grade include the final leach residue assay results for most of the drill
intercepts reported; some leach residue assays are pending for 3 core holes at P17S. Orezone
employs a rigorous Quality Control Program (QCP) including a minimum of 10% standards, blanks
and duplicates. A complete list of assay results from the current drilling programme can be found
on the Company’s website at the following link (Drill Results).
Qualified Person(s)
Tim Miller, SME and COO, Pascal Marquis, Geo and SVP and Patrick Downey, PEng and CEO of
Orezone, are Qualified Persons under National Instrument 43 -101 and have approved the
information in this release. Readers should refer to the annual information form of Orezone for
the year ended December 31, 2016 and other continuous disclosure documents filed by Orezone
since January 1, 2017 available at www.sedar.com, for this detailed information, which is subject
to the qualifications and notes set forth therein.
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About Orezone Gold Corporation
Orezone is a Canadian company with a successful gold discovery track record and recent mine
development experience in Burkina Faso, West Africa. The Company owns a 90% inte rest in
Bomboré, a fully permitted, undeveloped oxide gold deposit in West Africa, which is situated 85
km east of the capital city, adjacent to an international highway.
For further information please contact Orezone at +1 (613) 241-3699 or visit the Company’s
website at www.orezone.com.
Orezone Gold Corporation
Patrick Downey,
President and Chief Executive Officer
Tel: 1 613 241 3699 / Toll Free: 1 888 673 0663
[email protected] /www.orezone.com
FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION:
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