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Orezone Gold Corp.
Summary
| Project: | Bombore | |
|---|---|---|
| Deposit: | Bombore | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 1/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-1-2017: Orezone Gold Corp. announces a Resource Estimation report for its Bombore deposit at the Bombore project. Updated mineral resource estimate, 15% increase in Meas + Ind resources. Roscoe Postle Associates Inc. (RPA) was retained by Orezone Gold | |
| Resources: | (Resource, M+I): 218.1Mt @ 0.68g/t Au for 4.77Moz Au contained at project | |
| CP/QP: | [Resources]: Reno Pressacco, Jose Texidor-Carlsson, Tudorel Ciuculescu (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Orezone Gold Corporation (Orezone) to prepare an independent Technical Report on the Bomboré Project (the Project or the Property), located in Burkina Faso, West Africa. The purpose of this Technical Report is to support an updated Mineral Resource estimate for the Project. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. The Property consists of a contiguous block of mining tenures totalling 16,600 ha comprising a mining permit, an exploration permit, and three exploration permit applications located in Ganzourgou Province, approximately 85 km east of the capital of Ouagadougou. The Project is readily accessible by paved road from Ouagadougou. The Project was the subject of a 2013 Mineral Resource estimate update, a 2014 Preliminary Economic Assessment (PEA), and a 2015 Feasibility Study (FS). In consideration of the recent geological re-interpretation of the mineralized domains coupled with restrictions on the grade modelling of the low grade domains, as described in a press release dated August 22, 2016, a new Mineral Resource estimate was prepared with an effective date of September 7, 2016. The September 7, 2016 Mineral Resource estimate was subsequently updated by RPA to include 391 new low grade wireframe-constrained domain models in those areas where a minimum of three intervals longer than three metres and an overall grade above 0.20 g/t Au can be observed to be present in adjacent drill sections and there are a minimum of two such intersects in at least one section, as more fully described in Section 14. The results of this update, with a new effective date of January 5, 2017, were disclosed in a News Release dated January 10, 2017. An updated FS will be prepared to incorporate the Mineral Resource estimate of January 5, 2017. | |
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