Highlights include 12 m at 3.4 gpt and
9.6 m at 3.8 gptRecent drill results suggests
potential for a 3 km prospective corridor
Orezone Gold Corporation (“Orezone” or the
“Company”) (TSXV:ORE) is pleased to announce further
positive results from an ongoing drill program at its Bomboré Gold
Project in Burkina Faso. The program is currently focused on
expanding the P17S sulphide zone situated 2 km south of the Bomboré
mining permit, and exploring for similar granodiorite-hosted gold
mineralization on the property.
Drilling to date has now intersected the P17S
mineralized granodiorite from surface to a vertical depth of 150 m
with a down-plunge continuity exceeding 425 m. Highlights
include:
Hole TYD0073, which returned 4.80 m of
2.29 g/t Au and 6.30 m of 4.47 g/t Au;
Hole TYD0074, which returned 8.50 m of
3.95 g/t Au;
Hole TYD0075, which returned 9.60 m of
3.80 g/t Au;
Hole TYD0076, which returned 12.00 m of
3.40 g/t Au;
Hole TYD0077, which returned 14.00 m of
1.65 g/t Au;
Hole TYD0078, which returned 5.00 m of
4.94 g/t Au;
Hole TYD0079, which returned 5.90 m of
2.44 g/t Au;
Hole TYD0080, which returned 5.00 m of
3.17 g/t Au;
Hole TYD0081, which returned 8.80 m of
2.70 g/t Au;
Hole TYD0082, which returned 13.30 m of
2.06 g/t Au;
Hole TYD0083, which returned 9.70 m of
3.38 g/t Au;
Hole TYD0084, which returned 2.00 m of
14.10 g/t Au; and
Hole TYD0087, which returned 6.90 m of
4.85 g/t Au.
Significantly mineralized granodiorite has now
been intercepted to the northeast of P17S in a series of scout
drilling holes that were targeting the gap between the P17S and P17
deposits where the prospective sequence has now been confirmed over
an additional strike length of more than 400 m. Highlights
include:
Hole BBD0978, which returned 9.00 m of
1.49 g/t Au;
Hole BBD0980, which returned 10.00 m of
3.20 g/t Au;
Hole BBD0981, which returned 8.20 m of
1.89 g/t Au and 7.80 m of 1.54 g/t Au;
Hole BBD0982, which returned 9.80 m of
1.55 g/t Au; and
Hole TYD0077, which returned 14.00 m of
1.65 g/t Au.
Furthermore, at Zone 172, less than one
kilometer to the southwest of P17S, scout RC drilling of auger
drilled gold anomalies and limited core drilling intersected
mineralized granodiorite within a meta-gabbro sequence. All three
zones, (172, P17S and P17) span a corridor of more than 2.5
kilometers in length and about 400 m in width that is now
interpreted to be very prospective for the higher-grade
granodiorite-hosted gold mineralization. See Figures 1 and 2
below.
Commenting on the results, Patrick Downey,
President and CEO, stated, “These new drill results along the P17
corridor continue to demonstrate the potential to both expand
higher grade shallow resources at Bomboré and open up previously
untested zones. The drilling continues both to intercept
mineralization containing both good grade and widths and is open
along strike and down dip. The Company plans to continue
drilling in this prospective corridor and to evaluate and drill
other prospective areas on this largely underexplored
property.”
The Company has completed more than 13,000 m of
auger, reverse circulation and core drilling to date in 2017 and is
planning additional drilling before the 2017 rainy season.
All assays were performed using a 1kg bottle
roll technique (identical to the other Bomboré samples); leach
residue assays are pending for 3 core holes. A complete list
of historical drill results on P17S and analytical procedures can
be found on the Company’s website at the following link (P17S Drill
Results). Please note true widths to be determined.
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% interest in
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. The Company is continuing with
exploration and various technical studies in order to be in a
position to release highlights of an updated feasibility study in
Q4 2017.
For further information please contact
Orezone at +1 (613) 241‑3699 or visit the Company’s website at
www.orezone.com.
Tim Miller, SME and COO, Pascal Marquis, Geo and
SVP and Patrick Downey, PEng and CEO of Orezone, are Qualified
Persons under National Instrument 43-101 and have approved the
information in this release. 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
since January 1, 2017 available at www.sedar.com, for this detailed
information, which is subject to the qualifications and notes set
forth therein.
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”, “could”, or “should”
occur. Forward-looking statements in this release include
statements regarding, among others; the drill results from the
recently completed drill program P17S have the potential to both
expand higher grade shallow resources at Bomboré and open up
previously untested zones, recent drill results suggests potential
for a 3 km prospective corridor, and releasing highlights of an
updated feasibility study at Bomboré in Q4 2017.
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.
Photos accompanying this release are available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/147dc6d4-a3f8-4344-9a97-1d7f7f98c259http://www.globenewswire.com/NewsRoom/AttachmentNg/2483d050-5f41-49a4-872d-28039810bff8
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