The Conversation (0)
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.
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.