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Orezone Gold Corp.
Summary
| Project: | Bombore | |
|---|---|---|
| Deposit: | Bombore | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 4/14/2020 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-4-2020: Orezone Gold Corp. announces an EIA/ESIA report for its Bombore deposit at the Bombore project. ESIA apprival for Phase 2 expansion at Bombore. April 14, 2020 – Vancouver, BC - Orezone Gold Corporation (TSX.V: ORE) announcesthat the Environment | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Pascal Marquis, Ian Chang (Internal) | |
| ABSTRACT: | April 14, 2020 – Vancouver, BC - Orezone Gold Corporation (TSX.V: ORE) announcesthat the Environmental and Social Impact Assessment ("ESIA") approval for the Phase II Expansion at its Bomboré Gold Project has been received from the Burkina Faso Ministry of Environment and Sustainable Development. The approval marks a significant milestone in the permitting process and solidifies the staged development timeline of the Bomboré Project. The Bomboré Project was the subject of an updated feasibility study in 2019 (“2019 FS”) that incorporated a staged higher-grade expansion (“Phase II Expansion”) to the oxide-only mine plan in the 2018 feasibility study (“2018 FS”). The Phase II Expansion incorporates select zones of higher-grade fresh rock and lower transition reserves, the high-grade P17S deposit, and the previously excluded seasonal flood plain oxides. With this mine expansion, the 2019 FS highlighted a 60% increase in mineral reserves to 1.8 million gold ounces along with significantly improved project economics as compared to the 2018 FS (see Company’s press release dated June 26, 2019 for further details). | |
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