Orezone Continues to Test High-Grade GOLD Mineralized Zones at Maga Hill, Bomboré GOLD Project
Orezone Gold Corporation
910-1111 Melville Street
Vancouver, BC, V6E 3V6
Tel: 778-945-8977
OREZONE CONTINUES TO TEST HIGH-GRADE GOLD MINERALIZED ZONES AT
MAGA HILL, BOMBORÉ GOLD PROJECT
September 11, 2019 – Vancouver, BC - Orezone Gold Corporation (TSXV:ORE) (“Orezone” or the “Company”)
announces it will commence a ~2,000 metre drill programme in September 2019 of both diamond and reverse
circulation drilling at the Maga Hill area to follow-up on higher than average grade gold mineralization that was
confirmed by the 2018 drilling at its 90%-owned Bomboré Gold Project in Burkina Faso, West Africa.
The programme is estimated to cost approximately USD $200,000 and will consist of ~1,350 m of diamond drilling
(DD) and ~600 m of reverse circulation drilling (RC), is designed to advance the definition of high-grade shallowly-
plunging gold mineralization on the hanging wall of the main Maga zone. The first phase of this programme will
consist of shallow ( < 150 m) infill and close range step -out drilling to confirm the geometry of the mineralized
zones and better constrain the new resource model in this area. Results from this drilling are expected to be
announced in November 2019, and a follow-up drill programme will be determined based on these results.
Highlights of Previous Maga Area Drilling
Hole # Section From
(m)
To
(m)
Length
(m)
Grade
(g/t) Au
BBC0117 3675 35.00 52.00 17.00 2.38
BBD0117 3675 125.00 137.00 12.00 2.58
BBD1033 3675 93.00 103.00 10.00 3.12
BBC2998 3650 34.00 55.00 21.00 2.51
BBC4955 3625 32.00 45.00 13.00 5.61
BBC4956 3625 65.00 72.00 7.00 5.73
BBD0803 3625 43.50 49.00 5.50 7.07
BBD0803 3625 105.00 113.00 8.00 5.88
BMC0063 3625 8.00 34.00 26.00 2.06
BBC3004 3600 22.00 31.00 9.00 4.76
BBD0052 3600 50.00 56.00 6.00 5.36
BBD0911 3600 153.00 160.00 7.00 6.04
BBC0720 3575 6.00 12.00 6.00 5.26
BBD0118 3575 118.00 128.00 10.00 4.80
BBD1024 3575 38.00 44.50 6.50 13.19
BBC2898 3550 12.00 26.00 14.00 2.53
BBC3001 3550 8.00 16.00 8.00 10.36
BBD0903 3550 112.00 117.00 5.00 7.15
BBD1027 3550 11.50 24.50 13.00 3.99
BBD1027 3550 56.50 69.00 12.50 4.26
BBC4953 3500 24.00 40.00 16.00 5.20
BBD0133 3475 97.50 111.00 13.50 3.50
Orezone employs a rigorous Quality Control Program (QCP) including a minimum of 10% standards, blanks and
duplicates. Sampling, analytical and QAQC protocols and true widths are described at the end of this press release.
- 2 -
The majority of the existing resources at Bomboré are contained within a low -grade shear-zone that has been
drilled over a strike length of 11 km and averages 200 m in width. Drilling in 2017 and 2018 at Maga, P11 and
Siga East areas showed the presence of discrete higher-grade zones within the mineral res ource model. It is
expected that the improved definition of these discrete higher-grade zones in the next mineral resource update
should have a positive impact on the mineral resource within the infill drilling areas when compared to the
current resource model.
- 3 -
Qualified Persons
Pascal Marquis, Geo and SVP and Patrick Downey, P.Eng and President & CEO of Orezone, are Qualified Persons
under National Instrument 43-101 and have reviewed and approved the information in this news release.
Orezone Gold Corporation
Patrick Downey,
President and Chief Executive Officer
Vanessa Pickering
Manager, Investor Relations
Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
[email protected] /www.orezone.com
For further information please contact Orezone at +1 (778) 945 -8977 or visit th e Company’s website at
www.orezone.com.
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.
Sampling, Analytical and QAQC protocols
Orezone employs a rigorous Quality Control Program (QCP) including a minimum of 10% standards, blanks and
duplicates. Laboratories noted below are independent of Orezone.
Hole #: BBD1033; BBC4955; BBC4956; BBD1024; BBD1027; BBC4953. The mineralized intervals are based on a
lower cut-off grade (“LCOG”) of 0.45 gpt, a minimal width of 2 m and up to a maximum of 2 m of dilution being
included between samples above the LCOG. The true width of the mineralization is approximately 9 5% of the
drill length. 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. (“SGS”) at the Bomboré s ample preparation facility and
then split by Orezone to 1 kg using RSDs. A 1 -kg aliquot was analyzed for leachable gold at BIGS Global Burkina
s.a.r.l (“BIGS”) 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 gpt were prepared by BIGS and then split by Orezone to 50 g using
RSDs. A 50-g aliquot was analyzed by fire assay at SGS . The composite width and grade include the final leach
residue assay results for all of the drill intercepts reported.
Hole #: BBD0911; BBD0903; BBC2998; BBD0803; BBC3004; BBC2898; BBC3001; BBD0117; BBD0118; BBD0133.
The mineralized intervals are based on a LCOG of 0.5 g/t, a minimal width of 3 m and up to a maximum of two
consecutive meters of dilution being included. The true width of the mineralization is approximately 85% of the
drill length intervals. The half- core samples were collected by Orezone employees using a diamond saw. Core
samples were prepared by SGS ; Abilab Burkina s.a.r.l. (a subsidiary of ALS -Chemex, “Abilab”) and/or BIGS and
then split by Orezone to 1 kg using RSDs. A 1 kg aliquot was analyzed for leachable gold at BIGS in Ouagadougou,
by bottle-roll cyanidation using a LeachWell TM catalyst. The leach residues from samples with a leach grade in
excess of 0.2 g/t were prepared by BIGS and then split by Orezone using RSDs with fire assays performed at SGS;
and/or Abilab.
- 4 -
Hole #: BBC0720. The RC drilling samples were divided by Orezone employees using RSDs. The RC drilling samples
were prepared by Abilab and SGS and a 1kg aliquot was analyzed for leachable gold at BIGS in Ouagadougou, by
bottle-roll using a LeachWellTM catalyst.
Hole #: BBD0052. The half -core samples were collected by Orezone employees using a diamond saw. Sample
preparation was completed at Abilab Burkina s.a.r.l. Ouagadougou (subsidiary of ALS Laboratory group) and fire
assay analysis was completed at ALS Bamako, SGS Ouagadougou and ALS Vancouver.
Hole #: BMC0063. Historical results from Channel Resources.
FORWARD-LOOKING INFORMATION AND FORWARD-LOOKING STATEMENTS:
This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws.
Forward-looking information and forward -looking statements (together, “forward -looking statements”) 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”, “could”, or “should” occur.
Forward-looking statements in this release include statements regarding, among others; high-grade gold ore shoots at Maga
Hill, the drill results from the Maga , P11 and Siga East areas and the expectation that the impro ved definition of these
discrete higher-grade zones in the next mineral resource update should have a positive impact on the mineral resource
within the infill drilling areas when compared to the current resource model.
All such forward -looking statements are based on certain assumptions and analyses made by management and qualified
persons in light of their experience and perception of historical trends, current conditions and expected future developments,
as well as other factors management and the quali fied persons believe are appropriate in the circumstances. The forward-
looking information and statements are also based on metal price assumptions, exchange rate assumptions, cash flow
forecasts, and other assumptions. Readers are cautioned that actual results may vary from those presented.
In addition, all forward -looking information and statements 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 t he forward-looking statements
including, but not limited to, use of assumptions that may not prove to be correct, unexpected changes in laws, rules or
regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; social or
labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost
overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in
key management personnel and general economic, market or business conditions, the failure of exploration programs,
including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the
availability and costs of financing needed in the future, and other factors described in the Company’s most recent annual
information form and management discussion and analysis filed on SEDAR on www.sedar.com. 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 res ults 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.