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Essakan Drilling Continues to Expand the Deposit - Intersections in new Lower Zone include 28m grading 3.6 g/t and 22m grading 4.6 g/t
Essakan Drilling Continues to Expand the Deposit - Intersections in new Lower Zone include 28m grading 3.6 g/t and 22m grading 4.6 g/t.
About this update from Orezone Gold Corporation
[{"type":"text","content":"\n\n\n\n\nOTTAWA, May 19 /CNW Telbec/ - Orezone Resources Inc. (OZN:TSX, AMEX) is\npleased to announce that drilling on the Company's Essakan gold project in\nBurkina Faso, West Africa continues to return significant results from both\nthe Essakan Main Zone (\"EMZ\") and from mineralization that has recently been\nidentified below the EMZ. Results from the Lower Zone include 28m grading\n3.6 g/t in hole ERC1080D and 22m grading 4.6 g/t in hole ERC874D. Hole\nERC1065D intersected mineralization below the EMZ at 170m and again at 220m\nindicating that there may be multiple zones at depth. Results from infill\ndrilling within the EMZ included 36m grading 7.8 g/t in hole ERC882 and 23m\ngrading 14.7 g/t in hole ERC894. These results are from an ongoing drill\nprogram with four rigs currently on site.\nOrezone and JV partner Gold Fields Limited (\"GFL\") have initiated a pre-\nfeasibility study on the EMZ and are carrying out expansion drilling to\nincrease the size of the deposit and infill drilling to increase the accuracy\nof the ore resource estimate. Expansion drilling is focussed on four areas;\nthe Lower Zone, the down dip extension of the deposit, and on both the north\nand south ends of the deposit. Orezone and GFL recently announced a\n$US7.9 million budget increase to fund work through to the end of September,\n2005. This will include US $2.9 million for the infill and expansion drilling\nand US $5.0 million to complete the pre-feasibility study.\nRon Little, President of Orezone stated, \"Our last resource estimate was\ncompleted in August, 2004 and over 80,000 meters of drilling has been\ncompleted since that time, including many higher grade intersections. A new\nresource estimate is scheduled for this July and will be based on results\nreceived to the end of April, 2005.\" He added that, \"We intend to update\nresources again in the late fall in order to incorporate results from drilling\nbetween April and September, 2005.\"\n\n>\n\nNote: Samples were collected at a minimum of every 1m down the hole and\n analyzed using a 2kg bottle roll cyanide leach at the SGS\n Laboratory in Tarkwa, Ghana, an internationally recognized\n laboratory. A minimum of 5% of the samples are for QA/QC, which\n includes duplicates, triplicates, standards and blanks. The\n program was carried out under the supervision of Jeffrey Ackert,\n VP ...