Orezone Almost Triples Gold Resource at Bombore

OTTAWA, ON - Orezone Resources Inc. reported the results of a new National Instrument 43-101 compliant gold resource estimate for its Bombore Project in Burkina Faso, West Africa making it the second largest gold resource in the country. Orezone's Essakane Project, currently being developed, is the country's largest gold resource at over 4.0Moz.
SRK Consulting (Canada) Inc., has audited the estimate with a total Indicated resource of 926,600oz contained in 49.4Mt at a grade of 0.59g/t along with Inferred resources of 1,781,000oz contained within 91.8Mt at a grade of 0.61g/t. This resource estimate is based on reverse circulation ("RC") and core drilling data compiled up to May 2007 using a lower cut off of 0.24 g/t in oxide material, 0.25g/t in transition material and 0.52g/t in fresh material, and a 5.0g/t top cut applied to individual samples (on average 1m length). The resources occur at surface to a depth of 100m in five zones contained within the Bombore geochemical anomaly. This gold-in-soil anomaly overlying the resources extends virtually uninterrupted at a level of +0.1g/t for more than 14km and represents the largest gold anomaly in Burkina Faso. Resources are totally open at depth and for the most part still open along strike. The project is situated beside the main highway just 80km east of the capital city of Ouagadougou. Infrastructure in the flat lying area is excellent with a very low population density.
"The Bombore resource appears to consist of a large oxide cap grading just over 0.5g/t that overlies a sulphide deposit with a grade just under 1.0g/t. We have only drilled to depths less than 75m and have not exhausted the near surface oxide targets so there remains tremendous potential to significantly increase resources again with more drilling. The total constrained resources lie within an aggregated 4km surface footprint resulting in more than 25,000oz per vertical meter with a stripping ratio estimated at well below 1:1. To date, we have been very successful in converting the Inferred resources to the Indicated category and the drilling results indicate that this trend should continue at depth," stated Pascal Marquis, President, for Orezone.
The company's address is 290 Picton Street, Suite 201, Ottawa, ON K1Z 8P8, (613) 241-3699, fax: (613) 241-6005, email: [email protected] .