The Company has selected
Mr.
With this major contract now in place, I look forward to regularly updating investors on our achievements at Bombore as construction and development advances.'
Sila's initial contract scope covers the mining of the OCR pit and includes the upfront establishment of mine site services (maintenance workshops, wash bays, warehouse, ablutions and accommodations, offices, and communications), the clearing and grubbing of the OCR footprint including topsoil relocation as well as pit dewatering and haul road maintenance. The Company is working in partnership with Sila to finalize certain key terms under the long-term mining contract.
Grade Control ('GC') Drilling
The Company completed a 527-hole 19,759 metre GC drilling program of the OCR in
About
The 2019 feasibility study highlights Bombore as an attractive shovel-ready gold project with forecasted annual gold production of 118,000 ounces over a 13+ year mine life at an All-In Sustaining Cost of
Contact:
Tel: 1 778 945 8977
Email: info@orezone.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information that may constitute 'forward-looking information' within the meaning of applicable
All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, delays caused by the COVID-19 pandemic, terrorist or other violent attacks, the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company's most recent annual information form and management discussion and analysis filed on SEDAR on www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements.
Although the forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release.
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