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Orezone Gold Corp.
Summary
| Project: | Bombore | |
|---|---|---|
| Deposit: | Bombore | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-7-2018: Orezone Gold Corp. announces a Feasibility Study report for its Bombore deposit at the Bombore project. Feasibility Study results incl. post-tax NPV of US $223M (5%), IRR of 42.4%, Reserve estimate. July 9, 2018, Orezone Gold Corporation (ORE-TS | |
| Resources: | (Reserve, P+P): 56.0Mt @ 0.64g/t Au for 1.149Moz Au contained at Bombore | |
| CP/QP: | [Resources]: Jose Carlsson, Tudorel Ciuculescu (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | July 9, 2018, Orezone Gold Corporation (ORE-TSXV) (“Orezone” or the “Company”) is pleased to announce the summary results of an updated independent Feasibility Study (the “FS”) for its 90%-owned Bomboré Gold Project in Burkina Faso, West Africa. All reported figures are in U.S. dollars and are on a 100% project basis unless otherwise stated. The FS envisions a shallow, free-dig open pit mining operation with a simple processing circuit consisting of a single stage grinding ball mill followed by a seven-stage carbon-in-leach (“CIL”) and standard Zadra gold recovery circuit. Tailings will be stored in a HDPE-lined facility that will be constructed in several stages over LOM from compacted mine waste, resulting in a smaller environmental footprint and improved costs. “The robust FS results clearly demonstrate that Bomboré is a compelling project. The project’s favourable location, soft and shallow free-digging ore, simple flowsheet, modest power demand, and rapid leaching kinetics contribute to its low capital intensity and top-tier per tonne operating costs. Its modest upfront capital will also allow Orezone to advance directly into construction,” said Patrick Downey, President and CEO of Orezone. “With a strong treasury, we plan to commence with the Resettlement Action Plan (“RAP”) and detailed engineering in Q3 2018 followed by main project construction in Q2 2019. Furthermore, we see several opportunities to enhance value and increase LOM gold production, and we will advance these during the detailed engineering phase. Bomboré is one of the largest and most advanced undeveloped gold deposits in the region and has a very large free-milling sulphide resource directly beneath the oxide | |
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