The Company has selected
Mr.
With this major contract now in place, I look forward to regularly updating investors on our achievements at Bomboré as construction and development advances.”
Photos showing the mobilization of Sila heavy equipment to the Bomboré site are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1417d7ff-3dad-459a-b891-2ca8a8bc3020
https://www.globenewswire.com/NewsRoom/AttachmentNg/2e09f7b1-916b-4eca-9a74-b9bd1dc8753f
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
EPCM
Since the recent appointment of
- Pre-production mining to commence in
March 2021 - Ball mill order (a critical long lead item) to be placed in
March 2021 - Award of power plant contract in
March 2021 - Site-wide bulk earthworks to commence
April 2021
The Company will provide a further update on the construction timetable once refinement of the project schedule is completed with Lycopodium.
Expansion of Orezone Team
The Company has expanded its technical and finance teams at both the project and corporate head office in anticipation of the rapid ramp up of engineering and construction activities. The Company has granted stock options totalling 500,000 common shares as well as 100,000 restricted share units to these new Company employees. Each stock option is exercisable at
Qualified Person
Dr.
About
The 2019 feasibility study highlights Bomboré 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
President and Chief Executive Officer
Manager, Investor Relations
Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
info@orezone.com /www.orezone.com
For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at www.orezone.com.
Neither
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information that may constitute “forward-looking information” within the meaning of applicable
All such forward-looking statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances.
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.
Mobilization of Sila heavy equipment to the Bomboré Gold Project 1
Mobilization of Sila heavy equipment to the Bomboré Gold Project
Mobilization of Sila heavy equipment to the Bomboré Gold Project 2
Mobilization of Sila heavy equipment to the Bomboré Gold Project
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