Orezone Announces More High Grade Drilling Results at Bomboré Project
OREZONE ANNOUNCES MORE HIGH GRADE DRILLING RESULTS AT BOMBORÉ PROJECT
November 27, 2017 - Orezone Gold Corporation (“Orezone” or the “Company”) (TSXV:ORE) is
pleased to report recent and final Reverse Circulation (“RC”) drilling results from the last two of
four specifically identified target areas (See Press Releases of June 22nd 2017 and September 12th
2017) that have been prioritized within the Bomboré deposit to better define the extent and the
geometry of discrete zones of high -grade gold mineralization within the oxidized portion of the
known gold resources.
The drilling at both P11 and CFU has been successful in intercepting high-grade mineralization in
the targeted areas, which should improve grade domaining and resource modeling. More drilling
will be required in certain areas to confirm the geometry and continuity of discrete higher-grade
zones.
Highlights from P11 and CFU (true width approximately 85% of the drill length):
• BBC4580: from 30 to 35 m: 5 m @ 3.24 gpt, incl. 1 m @ 10.7 gpt;
• BBC4608: from 23 to 31 m: 8 m @ 3.54 gpt, incl. 2 m @ 8.7 gpt;
• BBC4615: from 20 to 22 m: 2 m @ 6.43 gpt, incl. 1 m @ 10.4 gpt, and from 39 to 42 m:
3 m @ 3.44 gpt;
• BBC4620: from 30 to 33 m: 3 m @ 4.19 gpt, incl. 1 m @ 11.9 gpt;
• BBC4637: from 52 to 58 m: 6 m @ 3.51 gpt, incl. 2 m @ 7.7 gpt;
• BBC4644: from 31 to 44 m: 13 m @ 1.43 gpt;
• BBC4647: from 3 to 6 m: 3 m @ 5.41 gpt, incl. 1 m @ 12.7 gpt;
• BBC4664: from 10 to 15 m: 5 m @ 4.80 gpt, incl. 4 m @ 5.8 gpt;
• BBC4666: from 28 to 33 m: 5 m @ 3.34 gpt, incl. 1 m @ 6.5 gpt;
• BBC4670: from 23 to 35 m: 12 m @ 1.72 gpt;
• BBC4673: from 10 to 21 m: 11 m @ 2.22 gpt; incl. 1 m @ 5.6 gpt;
• BBC4675: from 34 to 38 m: 4 m @ 3.71 gpt, incl. 1 m @ 9.2 gpt;
• BBC4678: from 48 to 56 m: 8 m @ 2.23 gpt, incl. 1 m @ 10.2 gpt;
• BBC4679: from 24 to 30 m: 6 m @ 2.62 gpt; incl. 1 m @ 12.2 gpt;
• BBC4692: from 27 to 33 m: 6 m @ 2.60 gpt; incl. 1 m @ 6 gpt;
• BBC4693: from 60 to 67 m: 7 m @ 2.7 gpt; incl. 2 m @ 8.1 gpt;
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• BBC4695: from 2 to 7 m: 5 m @ 7.83 gpt; incl. 1 m @ 36.4 gpt;
• BBC4696: from 19 to 23 m: 4 m @ 3.55 gpt, incl. 1 m @ 12.4 gpt;
• BBC4716: from 3 to 8 m: 5 m @ 10.27 gpt, incl. 1 m @ 45.8 gpt.
Other Significant highlights (true width approximately 85% of the drill length):
• BBC4612: from 56 to 67 m: 8 m @ 1.47 gpt;
• BBC4623: from 8 to 17 m: 9 m @ 1.26 gpt;
• BBC4648: from 40 to 45 m: 5 m @ 2.37 gpt, incl. 1 m @ 7.9 gpt, and from 49 to 58 m: 9
m @ 1.29 gpt;
• BBC4669: from 25 to 30 m: 5 m @ 2.91 gpt, incl. 1 m @ 8.0 gpt;
• BBC4674: from 0 to 8 m: 8 m @ 1.75 gpt;
• BBC4686: from 4 to 11 m: 7 m @ 1.73 gpt;
• BBC4693: from 93 to 98 m: 5 m @ 2.67 gpt, incl. 2 m @ 5.5 gpt;
• BBC4709: from 11 to 22 m: 11 m @ 1.36 gpt, and from 38 to 45 m: 7 m @ 1.76 gpt, incl.
1 m @ 6.0 gpt;
• BBC4712: from 49 to 51 m: 2 m @ 5.30 gpt, incl. 1 m @ 10.1 gpt.
Patrick Downey President and CEO stated “ We set out earlier this year to test four target areas
within the existing pit shells that we believed would yield high grade intercepts based on historic
results and our new interpretation of the controls for higher grade mineralization. This work has
been very successful and we will now proceed to model these zones based on this better quality
information. We are confident that once completed this will have a positive impact on the grade
of the shallow oxides in these areas and therefore a positive impact on overall grade and project
economics within the shallow oxide zone. We also plan to continue to target higher grade zones
to determine if these extend on strike and at depth within the sulphide mineralization.”
The RC drilling programme commenced on July 8, 2017 and was designed as essentially infill holes
to tighten up the drill spacing from 50 m by 25 m to 25 m by 25 m in the four specific target areas.
Some 249 drill holes totalling 13,900 m have been completed on the Siga South, Siga East, P11
and CFU targets by October 18 , 2017 when the program was suspended . Similar infill drilling
targeting discrete high-grade oxide mineralization is planned in 2018 where more drilling should
better confirm the geometry of the high -grade zones. All drill holes in the Siga South and Siga
East areas were oriented at the collar N250 1 with a plunge of -50 degrees. All drill holes in the
P11 area were oriented at the collar N270 with a plunge of -50 degrees. All drill holes in the CFU
area were oriented at the collar N312 with a plunge of -50 degrees.
1 WGS84 UTM31N projection.
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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 1.5 m of dilution being included. The true width of the mineralization is
approximately 90% of the drill length at Siga South and Siga East , and 85% of the drill length at
P11 and CFU. 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 LeachWell TM 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. SGS Burkina Faso s.a.r.l is independent of Orezone. 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 5 RC holes. 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 RC drilling programme can be found on the
Company’s website at the following link (Drill Results).
Qualified Person(s)
Tim Miller, Orezone’s Chief Operating Officer, Pascal Marquis, Orezone’s Senior Vice-President,
Exporation and Patrick Downey, Orezone’s Chief Executive Officer, are each a Qualified Person
under National Instrument 43-101 and none are independent of Orezone. Each of Messrs. Miller,
Marquis and Downey have review and approved the information in this release. Each has also
verified the underlying data disclosed.
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 s ince January 1, 2017
available at www.sedar.com, for further detailed information, which is subject to the
qualifications and notes set forth therein. As well, Orezone’s current technical report on the
Bomboré Project t itled “TECHNICAL REPORT ON THE UPDATED MINERAL RESOURCE ESTIMATE
FOR THE BOMBORÉ GOLD PROJECT, BURKINA FASO, WEST AFRICA ” and filed on SEDAR on
February 27, 2017 contains further details on Orezone’s QCP and assurance programs and data
verification measures used to support the scientific and technical information disclosed in this
press release.
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
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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:
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”, “potential”, “possible” and other
similar words, or statements that certain events or conditions “may”, “will”, “c ould”, or “should” occur. Forward -
looking statements in this release include statements regarding, among others; the drill results from both P11 and
CFU should improve grade domaining , resource modeling and project economics within the shallow oxide zone a nd
to complete additional drilling to target higher grade zones during 2018.
All such forward-looking statements are based on certain assumptions and analyses made by management in light
of their experience and perception of historical trends, current conditions and expected future developments, as well
as other factors management believe are appropriate in the circumstances. These statements, however, are subject
to a variety of risks and uncertainties and other factors that could cause actual events or r esults to differ materially
from those projected in the forward -looking statements including, but not limited to, unexpected changes in laws,
rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perfo rm as
agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the
failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing
and contemplated studies to deliver anticipated results or results that would justify and support continued studies,
development or operations. Readers are cautioned not to place undue reliance on forward -looking information or
statements.
Although the forward-looking statements contained in this news release are based upon what management of the
Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be
consistent with these forward-looking statements. These forward-looking statements are made as of the date of this
news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities
laws, the Company does not assume any obligation to update or revise the forward -looking statements contained
herein to reflect events or circumstances occurring after the date of this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.