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
- P17 now remains totally open at depth and to the north
P17S Drilling Highlights:
- 16.00 m of 1.66 g/t Au from 48 m in hole
BBD1100 - 14.70 m of 2.13 g/t Au from 190 m in hole
BBD1102 - 25.00 m of 1.63 g/t Au from 83 m in hole
BBD1103 - 9.25 m of 3.18 g/t Au from 294.30 m in hole
BBD1113 - 30.00 m of 2.12 g/t Au from 99 m including 2.00 m of 8.80 g/t Au in hole
BBD1114 - 30.00 m of 1.63 g/t Au from 124 m including 10.00 m of 2.98 g/t Au from 124 m and 5.00 m of 2.26 g/t Au from 166 m in hole
BBD1115
P17 Drilling Highlights:
- 8.80 m of 4.34 g/t Au from 80.20 m in hole
BBD1086 - 8.00 m of 2.36 g/t Au from 59 m in hole
BBD1088 - 22.00 m of 1.11 g/t Au from 124 m including 5.00 m of 2.29 g/t Au from 124 m in hole
BBD1094 - 57.00 m of 1.01 g/t Au from 34 m including 14.00 m of 1.57 g/t Au from 54 m and
5.00 m of 2.50 g/t Au from 86 m in holeBBD1096
Dr.
Table 1: P17 Trend Highlight Drill Results
Area | Hole # | From (m) | To (m) | Length (m) | Grade (g/t gold) |
P17* | 80.20 | 89.00 | 8.80 | 4.34 | |
incl. | 82.00 | 87.00 | 5.00 | 6.20 | |
96.00 | 104.20 | 8.20 | 1.25 | ||
59.00 | 67.00 | 8.00 | 2.36 | ||
incl. | 66.00 | 67.00 | 1.00 | 12.40 | |
124.00 | 146.00 | 22.00 | 1.11 | ||
incl. | 124.00 | 129.00 | 5.00 | 2.29 | |
123.00 | 130.00 | 7.00 | 1.68 | ||
34.00 | 91.00 | 57.00 | 1.01 | ||
incl. | 54.00 | 68.00 | 14.00 | 1.57 | |
and incl. | 86.00 | 91.00 | 5.00 | 2.50 | |
P17S NE Extension** | 48.00 | 64.00 | 16.00 | 1.66 | |
incl. | 55.00 | 56.00 | 1.00 | 13.60 | |
190.00 | 197.00 | 7.00 | 1.80 | ||
and | 214.65 | 222.25 | 7.60 | 1.60 | |
190.00 | 204.70 | 14.70 | 2.13 | ||
42.00 | 66.00 | 24.00 | 0.94 | ||
and | 74.00 | 108.00 | 34.00 | 1.46 | |
incl. | 83.00 | 108.00 | 25.00 | 1.63 | |
and incl. | 106.10 | 107.10 | 1.00 | 25.10 | |
24.10 | 31.00 | 7.00 | 1.75 | ||
incl. | 27.00 | 31.00 | 4.00 | 2.40 | |
99.00 | 129.00 | 30.00 | 2.12 | ||
incl. | 100.00 | 102.00 | 2.00 | 8.80 | |
124.00 | 154.00 | 30.00 | 1.63 | ||
incl. | 124.00 | 134.00 | 10.00 | 2.98 | |
and | 166.00 | 171.00 | 5.00 | 2.26 | |
P17S Main** | 294.30 | 303.55 | 9.25 | 3.18 |
* True widths for P17 drilling are approximately 70% of drilled lengths.
** True widths for P17S drilling are approximately 90% of drilled lengths.
Figure 1: P17 Trend Plan Map is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7dcdb626-8c51-4a51-b9c6-222280f7ed61
Figure 2: P17 Trend Long Section is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ba870fa6-201a-44d3-9fcc-94f74debd6c8
Figure 3: P17S Section 730280E – Pre 2022 Drill Programs is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c8934b11-4dd3-4bd7-b17c-7d260d91d653
Figure 4: P17S Section 730280E – Drilling to Date is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4af0b9fb-147d-4b8f-8b33-af1926ad66c8
Figure 5: P17 Section 730500E - Pre 2022 Drilling is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/521dd53e-59d0-4c62-ac5d-bf94a7392666
Figure 6: P17 Section 730500E - Drilling to Date is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/09132d88-9130-4570-8ca5-5e1a95e1754c
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
Qualified Person
Dr.
QA/QC
The mineralized intervals are based on a lower cut-off grade of 0.45 g/t, a minimal width of 1.5 m and up to a maximum of 3.0 m of dilution being included. The true width of the mineralization is approximately 90% of the drill length at P17S and 70% of the drilled length at P17. The half-core drilling samples were cut using a diamond saw by Orezone employees. The samples were prepared by SGS Burkina Faso s.a.r.l. (“SGS”) at their
Orezone employs a rigorous Quality Control Program including a minimum of 10% standards, blanks and duplicates. The composite width and grade include the final leach residue assay results for most of the drill intercepts reported, with the details available in the tables posted on our web site.
For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at 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
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.
Figure 1
P17 Trend Plan Map
Figure 2
P17 Trend Long Section
Figure 3
P17S Section 730280E – Pre 2022 Drill Programs
Figure 4
P17S Section 730280E – Drilling to Date
Figure 5
P17 Section 730500E - Pre 2022 Drilling
Figure 6
P17 Section 730500E - Drilling to Date
2022 GlobeNewswire, Inc., source