Orezone Intersects 21.00 M of 5.35 G/T GOLD at Maga Hill at Its Bomboré GOLD MINE
OREZONE GOLD CORPORATION
450-505 Burrard Street
Vancouver, BC, V7X 1M3
T: 778-945-8977
OREZONE INTERSECTS 21.00 M OF 5.35 G/T GOLD AT MAGA HILL
AT ITS BOMBORÉ GOLD MINE
December 21, 2022 – Vancouver, BC - Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the
“Company” or “Orezone”) is pleased to provide results from its Phase III resource definition drill program
from Maga Hill, Maga Main and Siga zones at its Bomboré Gold Mine in Burkina Faso.
The focus of the Phase III drilling was the conversion of Inferred Resources into Measured & Indicated
ahead of the upcoming sulphide expansion study. A key aspect of this infill program at Maga Hill was
targeting higher grade granodiorite folded structures which were intercepted in the near surface oxide
zones.
Recent drilling continues to return positive results confirming the following:
• Preliminary results at Maga Hill returned several high-grade intercepts within the sulphide zone,
with additional results still to come.
• Drilling at the main hanging wall Siga Zone continues to show excellent down-dip continuity.
• Drilling within the Inferred mineralized zones at Siga South and Siga West has been very
successful, and preliminary results at Maga Main and Maga Hill are also very promising, with
additional results still to come.
• Core drilling has been completed at P8P9 with results expected in the coming weeks.
• RC drilling will also be completed this week which targeted both Inferred and new oxide targets.
Results are expected during Q1-2023.
• Modelling of the resources is ongoing as part of the upcoming sulphide expansion study which is
expected to be completed in early H2-2023.
Maga Hill Drilling Highlights:
• 42.00 m of 1.11 g/t Au from 198.00 m including 10.00 m of 1 .72 g/t Au from 219.00 m in hole
BBD1217
• 17.20 m of 1.38 g/t Au from 260.00 m in hole BBD1218
• 20.00 m of 3.30 g/t Au from 166.00 m in hole BBD1219
• 21.00 m of 5.35 g/t Au from 150.00 m in hole BBD1220
• 11.00 m of 1.73 g/t Au from 111.00 m and 18.00 m of 1.04 g/t Au from 193.00 m in hole BBD1241
• 7.20 m of 8.50 g/t Au from 124.00 m including 1.20 m of 48.27 g/t Au in hole BBD1246
• 18.00 m of 3.01 g/t Au from 194.00 m in hole BBD1247
• 11.75 m of 2.16 g/t Au from 184.00 in hole BBD1248
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• 10.50 m of 2.86 g/t Au from 29.00 m including 1.50 m of 16.61 g/t Au from 31.00 m and a further
6.50 m of 6.16 g/t Au from 133.50 m including 2.80 m of 13.03 g/t Au from 137.20 m in hole
BBD1249
Siga Drilling Highlights:
• 6.25 m of 3.46 g/t Au from 67.75 m including 1.00 m of 16.66 g/t Au from 70.00 m and 12.90 m
of 1.40 g/t Au from 156.10 m including 1.00 m of 9.71 g/t Au from 168.00 m in hole BBD1145
• 4.00 m of 4.36 g/t Au including 1.00 m of 16.05 g/t Au from 92.00 m in hole BBD1148.
• 18.30 m of 1.17 g/t Au from 3.60 m including 1.10 m of 14.94 g/t Au from 4.70 m in hole BBD1150
• 4.00 m of 5.82 g/t Au from 87.00 m including 1.00 m of 19.79 g/t Au from 89.00 m in hole
BBD1157
• 4.00 m of 3.52 g/t Au from 78.00 m including 1.00 m of 12.43 g/ t Au from 81.00 m in hole
BBD1158
• 24.00 m of 1.18 g/t Au from 21.00 m including 2.90 m of 3.96 g/t Au from 31.00 m and 1.00 m
of 6.02 g/t Au from 41.00 m in hole BBD1161
• 12.70 m of 1.01 g/t Au from 74.30 m and 10.20 m of 1.38 g/t Au from 124.20 m in hole BBD1162
• 13.00 m of 1.25 g/t Au from 71.00 m in hole BBD1163
• 25.00 m of 1.04 g/t Au from 275.00 m including 8.00 m of 1.79 g/t Au from 285.00 m in hole
BBD1169
• 4.00 m of 5.32 g/t Au from 12.00 m including 1.40 m of 14.50 g/t Au from 14.60 m in hole
BBD1174
• 4.00 m of 4.16 g/t Au including 1.00 m of 10.16 g/t Au from 73.00 m in hole BBD1180
• 29.00 m of 1.11 g/t Au from 205.00 m , including 1.00 m of 10.97 g/t Au from 227.70 m in hole
BBD1186
• 28.75 m of 1.01 g/t Au from 203.00 m including 12.75 m of 1.55 g/t Au from 219.00 m in hole
BBD1191
• 14.70 m of 1.75 g/t Au from 265.00 m in hole BBD1195
• 14.00 m of 1. 07 g/t Au from 283.00 m including 8.00 m of 1.49 g/t Au from 284.00 m in hole
BBD1196
• 19.20 m of 1.19 g/t Au from 248.00 m including 10.60 m of 1.67 g/t Au from 253.00 m in hole
BBD1198
• 32.45 m of 1.17 g/t from 213.80 m, including 14.00 m of 1.80 g/ t Au from 224.00 m in hole
BBD1199
• 18.20 m of 1.43 g/t Au from 228.80 m including 8.00 m of 2.20 g/t Au from 237.00 m in hole
BBD1200
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Patrick Downey, President and CEO stated, “Ongoing infill drilling continues to return excellent results
which confirm very successful targeting of the conversion of Inferred Resources into Measured and
Indicated and that this deposit also continues to grow and is still open for further exploration. We have
successfully targeted high-grade zones in the sulphides and expanded the known zones significantly both
along strike and down dip of existing resources. We are now drilling similar zones at the P8P9 area and
expect these results within the coming weeks. This will finalize the drill program for 2022 and modelling
will continue to complete the overall conversion of the drilling into the Measured and Indicated categories
ahead of the sulphide expansion study which will provide the platform to significantly increase annual
throughput and production at the Bomboré operation.
Furthermore, these excellent results targeting the folded zones at Maga Hill and Siga and those from
earlier drilling at the P17S zone now warrant further exploration and planning is underway f or follow-up
drilling in 2023.”
Table 1: Maga Highlight Drill Results
Hole
#
From
(m)
To
(m)
Length
(m)**
Grade
(g/t gold)
BBD1215 158.70 162.10 3.40 2.20
BBD1216 154.00 161.00 7.00 1.18
BBD1217 198.00 240.00 42.00 1.11
incl. 219.00 229.00 10.00 1.72
BBD1218 189.00 194.10 5.10 0.91
and 248.00 253.00 5.00 0.99
and 260.00 277.20 17.20 1.38
BBD1219 166.00 186.00 20.00 3.30
BBD1220 17.00 41.00 24.00 0.48
and 139.00 143.00 4.00 1.80
and 150.00 171.00 21.00 5.35
BBD1226 8.70 12.15 3.45 3.50
BBD1241* 111.00 122.00 11.00 1.73
and 143.20 152.00 8.80 0.86
and 193.00 211.00 18.00 1.04
BBD1242 187.00 204.00 17.00 0.88
BBD1243 150.00 153.00 3.00 2.47
BBD1244 18.00 20.70 2.70 2.38
BBD1245* 102.00 115.00 13.00 2.55
BBD1246* 124.00 131.20 7.20 8.50
incl. 130.00 131.20 1.20 48.27
BBD1247* 194.00 212.00 18.00 3.01
and 256.00 260.00 4.00 3.05
BBD1248* 156.00 160.00 4.00 2.33
and 184.00 195.75 11.75 2.16
BBD1249* 29.00 39.50 10.50 2.86
incl. 31.00 32.50 1.50 16.61
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* Preliminary results without leach residue assays. Final grades will typically increase by 4-6% from those stated.
** True widths for Maga area drilling are approximately 85% of drilled lengths.
Table 2: Siga Highlight Drill Results
Hole
#
From
(m)
To
(m)
Length
(m)*
Grade
(g/t gold)
BBD1127 147.00 166.00 19.00 0.69
incl. 152.00 166.00 14.00 0.79
and 182.00 211.00 29.00 0.62
BBD1128 72.00 75.00 3.00 4.06
incl. 74.00 75.00 1.00 11.74
and 143.00 150.00 7.00 1.48
incl. 146.00 149.00 3.00 2.58
BBD1129 83.00 95.20 12.20 0.84
BBD1130 50.00 74.00 24.00 0.72
BBD1136 98.00 119.00 21.00 0.79
incl. 105.90 116.00 10.10 1.16
BBD1144 34.80 41.00 6.20 1.83
incl. 34.80 36.90 2.10 3.91
BBD1145 67.75 74.00 6.25 3.46
incl. 70.00 71.00 1.00 16.66
and 156.10 169.00 12.90 1.40
incl. 168.00 169.00 1.00 9.71
BBD1146 64.30 76.00 11.70 0.85
incl. 66.00 70.00 4.00 1.25
BBD1147 98.20 110.00 11.80 0.61
BBD1148 9.10 27.00 17.90 0.85
and 92.00 96.00 4.00 4.36
incl. 92.00 93.00 1.00 16.05
BBD1149 25.00 36.60 11.60 0.90
incl. 113.65 119.85 6.20 1.21
BBD1150 3.60 21.90 18.30 1.17
incl. 4.70 5.80 1.10 14.94
and 169.00 185.00 16.00 1.40
incl. 169.00 170.00 1.00 5.73
and incl. 184.00 185.00 1.00 9.74
BBD1157 56.10 59.50 3.40 2.94
incl. 58.70 59.50 0.80 11.63
and 67.00 82.80 15.80 0.86
incl. 78.00 81.90 3.90 1.87
and 87.00 91.00 4.00 5.82
incl. 89.00 90.00 1.00 19.79
Hole
#
From
(m)
To
(m)
Length
(m)**
Grade
(g/t gold)
and 133.50 140.00 6.50 6.16
incl. 137.20 140.00 2.80 13.03
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Hole
#
From
(m)
To
(m)
Length
(m)*
Grade
(g/t gold)
BBD1158 78.00 82.00 4.00 3.52
incl. 81.00 82.00 1.00 12.43
and 140.48 156.00 15.52 0.66
incl. 153.00 156.00 3.00 1.07
BBD1161 21.00 45.00 24.00 1.18
incl. 31.00 33.90 2.90 3.96
and incl. 41.00 42.00 1.00 6.02
and 77.80 95.20 17.40 0.72
BBD1162 74.30 87.00 12.70 1.01
and 124.20 134.40 10.20 1.38
BBD1163 59.00 84.00 25.00 0.89
incl. 71.00 84.00 13.00 1.25
BBD1164 136.00 138.70 2.70 1.93
incl. 127.15 138.70 11.55 0.80
BBD1167 205.00 220.00 15.00 0.69
BBD1169 275.00 300.00 25.00 1.04
incl. 285.00 293.00 8.00 1.79
BBD1171 26.00 43.20 17.20 0.95
incl. 37.25 42.00 4.75 1.92
BBD1174 12.00 16.00 4.00 5.32
incl. 14.60 16.00 1.40 14.50
and 178.65 246.10 67.45 0.51
incl. 194.00 224.00 31.00 0.56
and 231.00 246.10 15.10 0.60
BBD1175 72.70 81.40 8.70 1.13
incl. 80.60 81.40 0.80 5.91
BBD1176 111.00 126.00 15.00 1.01
incl. 119.00 121.00 2.00 3.23
and 195.00 212.85 17.85 0.79
BBD1177 142.30 151.00 8.70 1.38
incl. 150.00 151.00 1.00 8.23
and 173.10 197.35 24.25 0.84
incl. 181.00 192.00 11.00 1.06
BBD1180 730.00 77.00 4.00 4.16
incl. 73.00 74.00 1.00 10.16
and 174.50 191.75 17.25 0.97
and 213.00 245.00 32.00 0.79
BBD1182 122.00 126.00 4.00 4.00
BBD1186 1.20 9.00 7.80 1.24
and 205.00 234.00 29.00 1.11
incl. 227.70 228.70 1.00 10.97
BBD1188 50.80 81.00 20.20 0.65
BBD1189 143.00 148.80 5.80 1.35
BBD1191 203.00 231.75 28.75 1.01
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Hole
#
From
(m)
To
(m)
Length
(m)*
Grade
(g/t gold)
incl. 219.00 231.75 12.75 1.55
BBD1192 230.00 247.00 17.00 0.69
and 267.00 277.60 10.60 1.05
BBD1195 221.15 223.15 2.00 7.60
incl. 221.15 222.15 1.00 14.54
and 255.00 258.00 3.00 3.87
incl. 255.00 257.00 2.00 5.54
and 265.00 279.70 14.70 1.75
BBD1196 283.00 297.00 14.00 1.07
incl. 284.00 292.00 8.00 1.49
BBD1197 206.00 235.00 29.00 0.71
incl. 208.60 222.00 13.40 0.90
BBD1198 216.45 231.00 14.55 0.64
and 248.00 267.20 19.20 1.19
incl. 253.00 263.60 10.60 1.67
BBD1199 203.80 246.25 42.45 1.08
incl. 224.00 238.00 14.00 1.80
BBD1200 228.80 247.00 18.20 1.43
incl. 237.00 245.00 8.00 2.20
and 257.30 262.90 5.60 1.98
BBD1205 137.30 144.80 7.50 2.65
incl. 142.20 143.00 0.80 18.00
BBD1207 128.00 134.00 6.00 0.85
incl. 133.00 134.00 1.00 2.73
BBD1208 145.00 154.00 9.00 0.91
incl. 149.00 154.00 5.00 1.22
BBD1210 50.50 57.50 7.00 0.82
BBD1235 18.00 36.70 18.70 0.69
BBD1236 124.90 134.00 9.10 1.38
incl. 124.90 131.00 6.10 1.80
BBD1237 72.00 82.15 10.15 0.73
BBD1240 122.50 148.10 25.60 0.63
BBD1261 67.00 96.00 29.00 0.64
and 109.70 134.00 24.30 0.55
incl. 117.00 121.00 4.00 1.20
BBD1162 39.00 89.00 50.00 0.69
incl. 56.00 83.00 27.00 0.87
BBD1263 79.00 98.10 19.10 0.59
incl. 82.00 84.00 2.00 1.09
* True widths for Siga area drilling are approximately 90% of drilled lengths.
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Figure 1: Bomboré Plan Map Overview
- 8 -
Figure 2: Maga Plan Map