Orezone Intersects 30.86 G/T Au over 5.00M IN Ongoing Oxide Exploration
OREZONE GOLD CORPORATION
450-505 Burrard Street
Vancouver, BC, V7X 1M3
T: 778-945-8977
OREZONE INTERSECTS 30.86 G/T AU OVER 5.00M IN ONGOING OXIDE EXPLORATION
April 10, 2023 – Vancouver, BC - Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company”
or “Orezone”) is pleased to provide drill results from its ongoing oxide drill program at its Bomboré Gold
Mine. The release includes results from the Phase III resource definition program and drilling of
exploration targets outside of the current resources along known mineralized trends.
These results successfully:
• Confirmed the continuity of near-surface oxide mineralization within established resource areas.
• Demonstrated the potential to further expand the oxide resource along strike.
• Highlighted the potential to delineate additional oxide resources, supporting the Company’s goal
of offsetting mine depletion. Ongoing drilling throughout 2023 will further test and define these
targets.
Oxide Drilling Highlights:
• 30.86 g/t Au over 5.00m from 19.00m in hole BBC5287
• 42.19 g/t Au over 1.75m from 46.25m in hole BBD1279
• 1.42 g/t Au over 25.00m from 11.00m, including 3.15 g/t Au over 6.00 m from 19.00m in hole
BBC5392
• 1.01 g/t Au over 24.00m from 32.00m, including 1.76 g/t Au over 8.00 m from 33.00m in hole
BBC5174
• 1.56 g/t Au over 16.00m from surface, including 14.42 g/t Au over 1.00m from 13.00m in hole
BBC5336
• 1.65 g/t Au over 15.00m from 25.00m in hole BBC5338
• 2.05 g/t Au over 11.00m from 11.00m, including 10.63 g/t Au over 1 .00m from 11.00m in hole
BBC5078
Patrick Downey, President and CEO stated, “Results of our ongoing shallow oxide drill program continue
to show that the Bomboré mine remains open to expansion along known mineralized trends with certain
target areas returning very significant high -grade in tercepts. Several of these areas have never been
previously tested due to the presence of local infrastructure and villages which have since been relocated.
We plan to continue this program with the goal of testing new targets and replacing ongoing oxide m ine
depletion.”
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Table 1: Highlight Oxide Drill Results
Prospect Hole
#
From
(m)
To
(m)
Length
(m)
Grade
(g/t gold)
Maga
Main
BBC5263 63.00 74.00 11.00 1.26
incl. 70.00 73.00 3.00 2.99
BBC5264 23.00 60.00 37.00 0.66
incl. 25.00 27.00 2.00 3.96
Maga
Hill
BBC5272 31.00 40.00 9.00 1.67
incl. 34.00 39.00 5.00 2.58
Maga
HW
BBC5078 11.00 22.00 11.00 2.05
incl. 11.00 12.00 1.00 10.63
BBC5126 60.00 64.00 4.00 2.94
BBC5124 21.00 29.00 8.00 2.02
BBC5121 4.00 16.00 12.00 2.42
incl. 13.00 15.00 2.00 11.33
BBC5113 11.00 20.00 9.00 1.20
BBC5155 50.00 53.00 3.00 7.81
BBC5158 16.00 26.00 10.00 1.33
incl. 20.00 25.00 5.00 2.07
BBC5165 36.00 60.00 24.00 0.53
BBC5173 8.00 20.00 12.00 0.93
and 30.00 39.00 9.00 1.24
BBC5174 32.00 56.00 24.00 1.01
incl. 33.00 41.00 8.00 1.76
BBC5321 40.00 61.00 21.00 0.52
BBC5311 26.00 45.00 19.00 0.55
BBC5240 6.00 17.00 11.00 1.30
incl. 10.00 12.00 2.00 4.45
BBC5178 20.00 31.00 11.00 1.12
incl. 25.00 29.00 4.00 2.38
BBC5185 33.00 35.00 2.00 6.29
BBC5287 19.00 24.00 5.00 30.86
P8P9 BBC5395 6.00 30.00 24.00 0.51
BBC5393 23.00 47.00 24.00 0.82
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Prospect Hole
#
From
(m)
To
(m)
Length
(m)
Grade
(g/t gold)
P8P9
BBC5392 11.00 36.00 25.00 1.42
incl. 19.00 25.00 6.00 3.15
and 48.00 53.00 5.00 2.18
BBC5140 13.00 35.00 22.00 0.46
BBC5141 5.00 43.00 38.00 0.55
BBC5143 63.00 71.00 8.00 1.32
incl. 63.00 64.00 1.00 6.44
BBC5146 61.00 69.00 8.00 1.60
incl. 68.00 69.00 1.00 9.76
BBC5334 3.00 9.00 6.00 2.42
BBC5336 0.00 16.00 16.00 1.56
incl. 13.00 14.00 1.00 14.42
BBC5338 25.00 40.00 15.00 1.65
BBC5341 10.00 18.00 8.00 1.91
BBD1279 46.25 48.00 1.75 42.19
P11 BBC5025 1.00 10.00 9.00 1.10
incl. 6.00 10.00 4.00 2.05
Siga E BBC5041 41.00 50.00 9.00 2.00
incl. 45.00 46.00 1.00 12.82
Siga W BBC5044 17.00 24.00 7.00 2.32
* True widths for all oxide drill zones are approximately 75 to 85% of drilled
lengths.
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Figure 1: Bomboré Plan Map Overview
- 5 -
About Orezone Gold Corporation
Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a Canadian mining company operating the open
pit Bomboré Gold Mine in Burkina Faso.
Orezone is focusing on mining and processing the Phase I near surface free-dig oxides at a planned annual
throughput of 5.2 million tonnes. T he Company believes that Bomboré has a significant underlying
sulphide resource to support a substantially larger Phase II expansion. T he Company has recently
completed a resource definition drill program, and plans to issue an updated mineral resource , reserve
and life of mine plan, as part of this Phase II expansion. It is expected that the pending study will be
completed in Q3-2023 to be followed by a production decision.
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 for the 2019 Feasibility Study on Bomboré entitled NI 43 -101 Technical Report
(Amended) Feasibility Study of the Bomboré Gold Project is available on SEDAR under the Company’s
profile at www.Sedar.com.
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
Qualified Person
Dr. Pascal Marquis, Geo., Senior VP Exploration , is the Qualified Person who has approved the scientific
and technical information in this news release.
QA/QC
The mineralized intervals are based on a lower cut-off grade of 0.28 g/t Au, a minimal width of 1.5m and
up to a maximum of 3.0m of dilution being included. The true width of the mineralization is approximately
70-85% of the drill length at P8P9 and 85% of the drill length at Maga. The samples were prepared by SGS
Burkina Faso s. a.r.l. (“SGS”) or by BIGS Global Burkina s.a.r.l. (“BIGS Global”) at the ir respective
Ouagadougou facilities 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 by bottle- roll cyanidation using a LeachWell TM
catalyst. The leach residues from all samples with a leach grade greater than or equal to 0.25 g/t Au were
prepared by BIGS Global and then split by Orezone to 50 g using RSDs. A 50-g aliquot was analyzed by fire
assay at BIGS Global.
Orezone employs a rigorous Quality Control Program including a minimum of 10% standards, blanks and
duplicates. The composite width and grade include the final leach residue assay results for most of the
drill intercepts reported, with the details available in the tables posted on our web site.
For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at
www.orezone.com.
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The Toronto Stock Exchange neither approves nor disapproves the information contained in this news
release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information that may constitute “forward- looking information” within the
meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable
U.S. securities laws (together, “forward -looking statements”). 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 press release include, but are not limited to, statements with respect to
the potential to delineate additional oxide resources, the Bomboré mine being open to expansion, the continuation
of the drill program, and the updated mineral resource, reserve and life of mine plan as part of the Phase II expansion.
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 and the qualified persons believe are appropriate in the circumstances.
All forward-looking 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 the forward-looking statements including, but not
limited to, delays caused by the COVID-19 pandemic, terrorist or other violent attacks, the failure of parties to contracts to
honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by
applicable authorities; the failur e 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 statements.
Although the forward- looking statements contained in this press 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
press 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 press release.