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Orezone Gold Corp.
Summary
| Project: | Bombore | |
|---|---|---|
| Deposit: | Bombore | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 1/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-1-2020: Orezone Gold Corp. announces a Feasibility Study report for its Bombore deposit at the Bombore project. Amended Feasibility Study results incl. post-tax NPV (5%) of $361M, IRR of 43.8%. This Technical Report was compiled by Lycopodium Minerals C | |
| Resources: | (Reserve, P+P): 70.1Mt @ 0.81g/t Au for 1.835Moz Au contained | |
| CP/QP: | [Resources]: Jose Texidor Carlsson, Tudorel Ciuculescu (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | This Technical Report was compiled by Lycopodium Minerals Canada Ltd (Lycopodium) for Orezone Gold Corporation (Orezone) from contributions from Qualified Persons as set out in Table 1.1 to support the Company’s press release dated June 26, 2019, and to summarize the results of the July 2019 Feasibility Study of the Bomboré Gold Project. This Technical Report expands on the Feasibility Study and Technical Report issued in 2018 (Feasibility Study of the Bomboré Gold Project, Burkina Faso, August 23, 2018) to incorporate lower transition and fresh rock material into the mine plan and mill feed. This Technical Report was prepared in compliance with the disclosure requirements of NI 43-101 and in accordance with the requirements of Form 43-101 F1. The study on which this Technical Report is based incorporates the mineral resource update completed by RPA and dated January 5, 2017. The Bomboré Gold Project property (the Property) comprises a block of contiguous permits totalling 15,029 ha located in Ganzourgou Province, Burkina Faso, approximately 85 km east of the capital city of Ouagadougou (Figure 1.1). The Property is easily accessible by the paved road, national highway N4 from Ouagadougou. Orezone, has recently upgraded the 5 km unsealed road from N4 to the accommodation camp at the north of the Property, including installation of culverts to allow all weather access. All of the Property is accessible in the dry season. Access in the wet season can be restricted by the flooding of local watercourses but, as part of the project development, permanent bridges will be installed providing yearround access for light and heavy vehicles. | |
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