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Orezone Gold to Commence a 30,000 Metre Discovery Focused Drill Program at Its Flagship Bomboré Gold Mine
VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to anno
About this update from Orezone Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce that it will be initiating a multi-year exploration campaign designed to test the broader size and scale of the Bomboré mineralized system. To date, Bomboré has been reserve defined over greater than a 14km strike length, with the average depth of drilling to approximately 200m hosting the current stated gold resource of 4.5Moz Measured and Indicated, and 0.6Moz Inferred. Within this Tier 1 mineralized footprint, the Company has designed a program for deeper drilling to: materially expand the reserve and resource base, delineate higher-grade centers of mineralization, and further increase the project’s mine life. Patrick Downey, President & CEO stated, “With the oxide operation at Bomboré now well-established, and the construction of the parallel Stage I hard rock expansion now underway, we are excited to launch this renewed focus on exploration at Bomboré. While we are on track to deliver significant production growth to an overall 225,000-250,000 ounces per year with the Stage I and Stage II hard rock expansions, we view the potential for a further transformational shift at Bomboré with successful exploration. With numerous existing high-grade intercepts below the current resource and reserve pit limits, across the greater than 14km reserve defined strike length, we have well-established proof of concept for such a transformational shift. This has clear implications in terms of extending the life of mine at Bomboré and providing the basis for an expanded production profile.” HARD ROCK EXPLORATION PROGRAM AND TARGETING OVERVIEW The Company has designed an initial 30,000m first pass drill program, which will test multiple targets across the greater than 14km long mineralized system. This initial program will be used to refine target priority for subsequent exploration drilling in this multi-year campaign, as well as to advance the project’s evolving structural framework. Phase 1 of this initial program will consist of 5,000m of drilling centered on the Maga Zone, with drilling to commence in early August. Thereafter, drilling will progressively advance towards the southern half of the mining lease. First pass drilling along the Bomboré Shear Zone (“BSZ”) will be...