Vancouver - Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the 'Company' or 'Orezone') is pleased to provide ongoing drill results from the Phase III program along the P17 mineralized trend at the Bombore Gold Project, located in Burkina Faso.
The focus of the Phase III drilling at the P17 Trend is as follows
To better define the continuity of the repeat, folded high-grade granodiorite mineralized zones at P17S
To test the continuity and expansion potential of P17 located 1 km to the north of P17S and which was last drilled in 2013
The drill results continue to be very positive confirming the following: Down-plunge continuity of the mineralized zones at P17S
Mineralized system at P17S remains open above and below the drilled portion of the granodiorite on most sections, which will warrant follow-up definition drilling
Significant new intercept on the deeper extension of the main zone beneath the P17S-NE deposit and outside of the current mineral resource envelopes indicating good potential to further expand the main P17S deposit
Results from P17 have confirmed continuity of existing shallowly north-plunging mineralized zones and have further extended the P17 Trend, with a new high-grade shallow intercept to the north
Dr. Pascal Marquis, SVP of Exploration stated, 'Drilling to date at P17S continues to be very successful as demonstrated by excellent continuity of the gold mineralization, which remains open along trend and at depth, including extensions outside of the current resource model. I am also very encouraged by the drilling results at the P17 zone, which had not been drilled since 2013. Current results have confirmed that P17 is now open to the north and at depth and will warrant further drilling. A third drill rig has now been mobilized to accelerate the ongoing drill program.'
About Orezone Gold Corporation
Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a Canadian development company which owns a 90% interest in Bombore, one of the largest undeveloped gold deposits in Burkina Faso.
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 US$730/ounce with an after-tax payback period of 2.5 years at an assumed gold price of US$1,300/ounce. Bombore is underpinned by a mineral resource base in excess of 5 million gold ounces and possesses significant expansion potential. Orezone is fully funded to bring Bombore into production with the first gold pour scheduled for Q3-2022.
Contact:
Patrick Downey
Tel: 1 778 945 8977
Toll Free: 1 888 673 0663
Email: info@orezone.com
Web: www.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 Canadian Securities laws and 'forward-looking statements' within the meaning of applicable U.S. securities laws. Forward-looking statements are frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'potential', 'possible' and other similar words, or statements that certain events or conditions 'may', 'will', 'could', or 'should' occur. Forward-looking statements in this press release include, but are not limited to, statements with respect to the potential at the P17 trend, confirmation of the continuity of mineralization at the P17 trend, the expansion potential at the project, Bombore project being fully funded to production and projected first gold by Q3-2022.
IAMGOLD CORPORATION 
