Orezone Gold Corporation (ORE-TSX) is pleased to announce that it filed a technical report entitled “Feasibility Study NI 43-101 Technical Report on the Bomboré Gold Project, Burkina Faso, West Africa” dated effective April 28, 2015 (the “Report”). The Report supports the disclosure made by the Company in its news release of April 28, 2015.
The Report was completed by Kappes, Cassiday and Associates of Reno (“KCA”, Processing and Study Manager), Golder Associates, Inc. of Reno and Montreal, (“Golder”, Geotechnical), RPA Inc. of Toronto (“RPA”), Reserves and Mining) and WSP Canada Inc. of Montreal (“WSP”) in conjunction with Socrege and BEGE of Burkina Faso (Social & Environmental).
About Orezone Gold Corporation
Orezone is a Canadian company with a gold discovery track record of +12 Moz and recent mine development experience in Burkina Faso, West Africa. The Company owns a 100% interest in Bomboré, the largest undeveloped oxide gold deposit in West Africa which is situated 85 km east of the capital city, adjacent to an international highway. The Company is in the process of updating the Mineral Resource estimate and has submitted an application for a mining permit on Bomboré that it anticipates receiving by Q1 2016.
For further information please contact Orezone at +1 613-241-3699 or Toll Free: +1 888-673-0663
Tim Miller, COO, Pascal Marquis, SVP and Ron Little, CEO of Orezone, are Qualified Persons under National Instrument 43-101 and have reviewed the information in this release.
FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information 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 release include statements regarding, among others; obtaining a mining permit in Q1 2016, updating the Bomboré resource estimate and if warranted update to the mineral reserve.
FORWARD-LOOKING STATEMENTS are based on certain assumptions, the opinions and estimates of management at the date the statements are made, and 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. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological and geotechnical data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, the ability of contracted parties (including laboratories and drill companies to provide services as contracted); uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements. Comparisons between any resource model and estimates with the subsequent drill results are preliminary in nature and should not be relied upon as potential qualified changes to any future resource updates or estimates.
Readers are advised that National Instrument 43‑101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. Readers should refer to the annual information form of Orezone for the year ended December 31, 2014 and other continuous disclosure documents filed by Orezone since January 1, 2015 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.