Orezone Gold Corp.: Developing a Large Multiphase Gold Deposit with Low Capex and Low Opex

Orezone Gold Corporation (TSX:ORE) is now on Gold Investing News. Orezone owns a 100% interest in the Bomboré Gold Project, the largest undeveloped gold deposit in both Burkina Faso and West Africa. Bomboré has 4.56 Moz Measured & Indicated + 0.72 Moz Inferred Resource with significant upside and expansion potential. Orezone’s experienced management team developed and commenced construction at Essakane – the largest operating mine in Burkina Faso – prior to selling it to IAMGOLD in 2008.

Highlights for this company include:

• Bomboré is Burkina Faso’s and West Africa’s largest undeveloped gold deposit.
• Phase 1 – Near-surface, large tonnage, better than average grade heap leach deposit.
• Phase 2 – Sulphide CIL expansion where resources have been well defined and studied.
• Bomboré has 4.56 Moz Measured & Indicated + 0.72 Moz Inferred Resource (April 2013).
• +2 Moz of oxide resources in the top 50 m that is heap leachable.
• Significant Upside: +3Moz sulphide resource that is open at depth.
• Expansion potential: Deposit is 11km long and average depth of drilling is only 120m.
• Burkina Faso Ranked 2nd in Africa and 27th out of 96 best in Current Mineral Potential in the Fraser Institute of Canada’s “2012/2013 Annual Survey of Mining Companies.”
• Orezone has discovered over 12 Moz of qualified gold resources and arranged +$630 million in financings in Burkina Faso in the past 10 years.
• Management developed and commenced construction at Essakane (largest operating mine in Burkina Faso) prior to selling it to IAMGOLD during the difficult markets in 2008.
• Recently secured US$3 Million Financing and a US$5 Million Standby Facility.
• Feasibility Study completion Q2 2015, permitting by Q1 2016.

Learn more about Orezone Gold Corporation (TSX:ORE)