Orezone Intercepts High-Grade Mineralization Below North Zone Life of MINE Pits Including 2.55 G/T GOLD over 23.00M and 1.14 G/T GOLD over 29.50M
OREZONE GOLD CORPORATION
450-505 Burrard Street
Vancouver, BC, V7X 1M3
T: 778-945-8977
OREZONE INTERCEPTS HIGH-GRADE MINERALIZATION BELOW NORTH ZONE LIFE OF MINE
PITS INCLUDING 2.55 G/T GOLD OVER 23.00M AND 1.14 G/T GOLD OVER 29.50M
January 26, 202 5 – Vancouver, BC - Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the
“Company” or “Orezone”) is pleased to provide additional drill results from its recently announced multi-
year exploration campaign at its flagship Bomboré Gold Mine. The new results are centered on the North
Zone, with high grades intercepted below both the North Zone Footwall and North Zone Hill resource and
reserve pits.
Selected Drill Highlights:
• 2.55 g/t Au over 23.00m, including 5.54 g/t Au over 5.00m (BBD1324)
• 1.14 g/t Au over 29.50m, including 2.30 g/t Au over 4.50m (BBD1320)
• 1.20 g/t Au over 23.80m (BBD1323)
• 1.01 g/t Au over 18.70m (BBD1319)
• 1.80 g/t Au over 15.00m (BBD1318)
• 1.59 g/t Au over 9.80m (BBD1318)
• 1.69 g/t Au over 6.85m (BBD1322)
• 24.74 g/t Au over 2.00m (BBD1323)
Patrick Downey, President and CEO stated, “ These latest drill results further underscore the significant
exploration upside at Bomboré, and the potential to materially expand the resource base from the current
global 5.1 million gold ounces , to a target ed 7 to 10 million gold ounces longer term. Given Bomboré’s
14km long reserve defined strike length at an average reserve pit depth of less than 40m, we have been
aggressive in our pursuit of illustrating this potential. Towards this goal, we are accelerating the Phase I
exploration campaign and planning a comprehensive 30,000m drill program through 2025. Recent drilling
from only 12 wide spaced drill holes in the North Zone Footwall has successfully extended mineralization
100m to 250m below the reserve pit bottoms along a strike length of over 800m. This has clear
implications in terms of extending current life of mine pits to depth and increasing the future production
profile at Bomboré.
The discovery potential of the orogenic gold setting at Bomboré is also highlighted by the multiple higher-
grade sub -zones, which we believe may host the potential to transition into an underground mining
scenario beneath the existing life of mine open pits. This prospect continues to be an area of focus at
North Zone Hill, as well as at P16 and P17 where drilling has recently commenced.
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Together with our ongoing production expansion, which is currently ahead of schedule, this renewed
focus on exploration at Bomboré, and testing the overall size and scale of the broader system, represent
a truly exciting time for Orezone on multiple fronts.”
North Zone Footwall – Extending Mineral System to Depth
Initial drilling last year, targeting the North Zone Footwall at depth, was successful in extending high-grade
mineralization 240m below the current reserve pit, with intercepts of 1.02g/t Au over 57.00m (BBD1313)
and 1.64g/t Au over 46.0 0m (BBD1314). Wide spaced follow -up drilling was successful in extending
mineralization 100m to 250m below the reserve pits along a strike length of over 800m (Figure 2). This
was marked by several broad high-grade intercepts including 1.17g/t Au over 29.50m (BBD1320), 1.20g/t
Au over 23.80m (BBD1323), 1.01g/t Au over 18.70m (BBD1319) and 1.80g/t Au over 15.00m (BBD1318).
While early-stage, the main takeaways from this recent round of drilling along the North Zone Footwall
include:
1) The potential , with subsequent infill drilling , to materially extend the North Zone Footwall
resource and reserve pits to depth. If successful, this would have positive implications in terms of
further expanding the production profile at Bomboré.
2) Given the initial results at the North Zone Footwall, there are comparable opportunities to extend
the mineralized system at depth across the greater 14km long reserve defined trend, where the
average reserve pit depth is currently less than 40m.
North Zone Hill and Higher-Grade Sub-Zone Targeting
As part of the exploration campaign to test the broader size and scale of the Bomboré mineralized system,
a second focus of the current drill program is to further delineate a number of higher-grade sub-zones
within, and extending below, the current life of mine open pit resource and reserves . The Company
believes that these higher-grade sub-zones may host the potential to transition into underground mining
beneath the open pits in the future . This is a well demonstrated mine sequence in-country, and if
successful, would not only serve to increase the operating head grade at Bomboré, but also increase the
overall production profile.
With exploration efforts initially concentrated in the northern end of the project, initial testing of this
thesis was centered on North Zone Hill, where at open pit drill spacing, there is a defined trend of higher-
grade mineralization. As detailed in Figure 3, this sub-zone is marked by multiple high -grade intercepts
including 8.75g/t Au over 7.20m (BBD1246), 7.17g/t Au over 7.00m (BBD0903), 13.44g/t Au over 2.80m
(BBD1249), and 6.92g/t Au over 6.00m (BBD0911). Initial drill testing down plunge along this trend
intercepted a broad interval of 2.55g/t Au over 23 .00m, with a higher-grade sub-interval of 5.54g/t Au
over 5.50m (BBD1324). Follow-up testing at North Zone Hill in the future will focus on additional step -
outs down plunge and on tighter spaced drilling along trend to further resolve the controls on this higher-
grade mineralization.
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The Company’s objective to further delineate such higher-grade sub-zones has extended to the P16 and
P17S deposits at the southern end of the mining permit, in advance of the start of the rainy season in
May. As outlined below, and detailed in Figure 4 and Figure 5, the P16 and P17S deposits host a number
of higher-grade sub-zones. Initial testing at these deposits will focus on the down plunge continuity of the
high-grade sub-zones and the potential for limb extensions to the East and West. Follow-up drill programs
will further reduce the drill spacing towards the base of the pits and down plunge, as well as to test for
repeats of the system along strike, a prospect that is well supported by historical drilling.
P16 – selected high-grade historical intercepts:
• 10.63g/t Au over 14.0m (BBD0448)
• 16.50g/t Au over 5.0m (BBD0448)
• 9.03g/t Au over 12.0m (BBC3241)
• 6.69g/t Au over 15.5m (BBD0443)
• 5.91g/t Au over 15.0m (BBD0447)
• 7.82g/t Au over 9.0m (BBD0213)
• 58.91g/t Au over 3.0m (BBD0768)
P17S - selected high-grade historical intercepts:
• 14.67g/t Au over 6.0m (BBD1066)
• 16.58g/t Au over 4.6m (BBD0991)
• 11.52g/t Au over 10.6m (BBD1081)
• 9.44g/t Au over 10.0m (TYD0041)
• 8.47g/t Au over 6.0m (BBD1132)
• 7.08g/t Au over 7.0m (TYC0123)
• 7.62g/t Au over 5.5m (TYD0035)
Figure 1: Bomboré Gold Mine Property Map
Figure 2: North Zone Footwall Long Section Looking Southeast
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Figure 3: North Zone Hill Long Section Looking Northwest
Figure 4: P16 Long Section Looking North-Northwest
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Figure 5: P17 Long Section Looking North-Northwest
Bomboré Drill Results
Table 1: Highlight Drill Intercepts from the North Zone
Hole Easting Northing Elevation Dip Azimuth EOH
(m)
From
(m)
To
(m)
Length
(m)
Grade
(g/t Au) Type
BBD1315 729390 1354119 282 -51 313 414 322.00 325.00 3.00 0.70 HR
and 336.00 345.00 9.00 1.06 HR
and 363.00 368.00 5.00 1.02 HR
and 386.30 393.00 6.70 1.40 HR
BBD1316 729160 1354057 286 -52 313 300 188.00 191.00 3.00 0.69 HR
and 271.00 282.60 11.60 0.78 HR
and 292.00 293.00 1.00 2.68 HR
BBD1317 729234 1353990 284 -51 313 429 14.00 18.00 4.00 0.44 OX
and 20.80 24.20 3.40 1.02 OX
and 45.50 48.60 3.10 0.37 OX
and 65.00 75.00 10.00 0.75 OX
and 303.00 314.00 11.00 0.95 HR
and 328.00 339.00 11.00 0.75 HR
and 380.10 387.40 7.30 1.53 HR
incl. 382.25 387.40 5.15 1.92 HR
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and 398.00 401.00 3.00 1.73 HR
BBD1318 729062 1354011 284 -56 312 317 167.20 177.00 9.80 1.59 HR
and 254.00 269.00 15.00 1.80 HR
incl. 261.00 267.90 6.90 2.52 HR
and 286.00 287.00 1.00 2.95 HR
BBD1319 729009 1353921 282 -53 313 330 282.00 300.70 18.70 1.01 HR
incl. 293.70 300.70 7.00 1.23 HR
and 305.65 309.75 4.10 1.29 HR
and 318.00 323.00 5.00 1.04 HR
BBD1320 729492 1354296 289 -56 312 321 88.00 93.30 5.30 1.55 HR
and 259.00 288.50 29.50 1.14 HR
incl. 261.50 266.00 4.50 2.30 HR
and 275.00 281.20 6.10 1.93 HR
BBD1322 729569 1354228 289 -55 311 456 5.50 9.80 4.30 0.56 OX
and 58.15 61.50 3.35 0.47 OX
and 364.00 367.00 3.00 0.75 HR
and 391.00 402.00 11.00 0.95 HR
and 409.00 415.85 6.85 1.69 HR
incl. 411.90 414.80 2.90 3.07 HR
BBD1323 729136 1353944 282 -56 311 429 4.50 6.75 2.25 0.86 OX
and 12.80 15.10 2.30 0.54 OX
and 209.00 211.00 2.00 24.74 HR
and 244.25 247.00 2.75 0.99 HR
and 364.00 387.80 23.80 1.20 HR
incl. 371.00 375.00 4.00 1.79 HR
and 391.30 394.00 2.70 0.96 HR
BBD1324 728995 1353667 280 -52 310 312 20.20 23.20 3.00 1.23 OX
and 193.00 216.00 23.00 2.55 HR
incl. 196.00 201.00 5.00 5.54 HR
and 277.95 280.00 2.05 0.91 HR
and 382.00 385.00 3.00 2.42 HR
BBD1325 728983 1353576 276 -54 311 381 233.00 237.00 4.00 1.94 HR
incl. 235.00 236.00 1.00 5.40 HR
and 243.00 248.00 5.00 1.46 HR
BBD1326 729674 1354502 286 -52 314 335 6.00 8.15 2.15 0.71 OX
and 189.00 191.00 2.00 5.42 HR
and 253.00 254.00 1.00 2.11 HR
BBD1327 728991 1353806 281 -51 312 468 13.50 17.50 4.00 0.54 OX
and 21.60 23.80 2.20 1.38 OX
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and 33.55 34.50 0.95 1.48 OX
and 360.00 362.00 2.00 0.99 HR
and 372.20 373.10 0.90 8.81 HR
and 384.70 396.00 11.30 0.86 HR
BBD1328 728976 1353684 281 -51 313 282 24.00 31.75 7.75 0.58 OX
and 59.25 63.90 4.65 0.46 OX
and 172.20 173.10 0.90 5.53 HR
and 210.25 212.15 1.90 2.44 HR
and 253.60 257.55 3.95 1.39 HR
True widths for North Zone drilling are approximately 85% of drilled lengths.
HR – Hard Rock, OX - Oxide
About Orezone Gold Corporation
Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining,
developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved
commercial production on its oxide operations on December 1, 2022, and is now focused on its staged
hard rock expansion that is expected to materially increase annual and life-of-mine gold production from
the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social
responsibility and sustainability with a proven track record in project construction and operations,
financings, capital markets and M&A.
The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on
SEDAR+ and the Company’s website.
Contact Information
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 the Company’s website at
www.orezone.com.
The Toronto Stock Exchange neither approves nor disapproves the information contained in this news
release.
QUALIFIED PERSON
Alastair Gallaugher (CGeol), Exploration Manager for Orezone, is the Qualified Persons under NI 43 -101
and has reviewed and approved the scientific and technical information contained in this news release.