Orezone's Bombore Gold Project Reaches World Class Size

[Libertarian_Guard]

Measured and Indicated Mineral Resources up 160% and grade up 27%
OTTAWA, ONTARIO--(Marketwire - Aug. 27, 2012) - Orezone Gold Corporation (TSX:ORE) is pleased to announce that gold mineral resources at its Bombore Gold Deposit, located in Burkina Faso, West Africa, have substantially increased to:

125 million tonnes of measured and indicated mineral resources at 1.03 g/t for 4.13 million oz,

and 32.1 million tonnes of inferred mineral resources at a grade of 1.00 g/t for 1.03 million oz.

Bombore is now world class(1) and is the largest undeveloped gold deposit in Burkina Faso and possibly in all of West Africa.

Highlights



-- The mineral resource update includes an additional 214,146 m of drilling
for a total of 338,033 m, including 222,184 m of RC drilling (3,510
holes) and 115,849 m of core drilling (764 holes).
-- All resources are contained within optimized pit shells with a maximum
depth of 200 m, using current Burkina Faso operating cost and Bombore
recovery parameters and $1400/oz gold;
-- Measured and indicated mineral resources have increased by 2.54 Moz to
4.13 Moz (+160%) with grades increasing by 27% to 1.03 g/t;
-- The measured mineral resource is 1.87 Moz, with none in the previous
model;
-- Oxidized measured and indicated mineral resources have increased by 0.71
Moz to 1.76 Moz (+70%) with grades increasing by 32% to 0.94 g/t;
-- Upside potential remains to further upgrade and expand the oxidized
resources;
-- The gold mineralization remains open at depth in several major areas
with significant potential to further increase the mineral resources
amenable to open pit extraction in the fresh rock; and
-- The discovery cost of the Bombore gold resource to date is approximately$10/oz.


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 Bombore, the largest undeveloped gold deposit in the country that is situated 85 km east of the capital city, adjacent to an international highway. Mineral resources are constrained within optimized open pit shells that span 11 km, and include 4.13 Moz measured and indicated (125 Mt @ 1.03 g/t) and 1.03 Moz inferred resources (35 Mt @ 1.00 g/t) with an average drill depth of only 120 m. The Company is working to complete a definitive feasibility study in 2013 and become a mid-tier gold producer by 2015.

[beefsteak]

Hadn't heard of that one, L_G but did find Rick Rule's mention of it to be of interest.

http://www.stockhouse.com/Community-News/2012/May/24/Stockhouse-Movers---Shakers--Rule-sees--M-A-orgy--

'bout 3/4 way down the page, the following Rick Rule commentary can be found...



Active companies in West Africa include Orezone Gold Corp. (TSX: T.ORE (http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=t.ore), Stock Forum (http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=ORE&t=LIST)),
Goldrush Resources Ltd. (TSX: V.GOD (http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=v.god), Stock Forum (http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=GOD&t=LIST)),
Canaco Resources Inc. (TSX: V.CAN (http://www.stockhouse.com/FinancialTools/sn_overview.asp?symbol=v.can), Stock Forum (http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=CAN&t=LIST)),
Asante Gold Corp. (TSX: V.ASE (http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=v.ase), Stock Forum (http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=ASE&t=LIST)),
Avion Gold Corp. (TSX: V.AVR (http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=v.avr), Stock Forum (http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=AVR&t=LIST)).

Have no idea about your personal experience in this space, and I hope it is all good, but for the sake of others, please permit me to add the following caveat:

Before getting too excited in this M&A junior space, keep in mind 2 things:

1) outstanding issued/float shares numbers are customarily huge...

2) institutional participation "momentum - price lifting wave" will not become truly evident until these type stocks are above $3 CANADIAN per share. TSX shares are TRADING vehicles, not buy'n hold
type equities which throw off dividends, etc.

Rick Rule may play the M&A game as he has decades of networked connections and many life experiences under his belt.

It still boils down to the 3Ms of junior resource investing: Money, Management, Metal (in the ground.) This one sounds like it has some of the Metal m....still leaves the other two "M's" to deal with.

Jis sayin'...

Thanks for your post. It was fun to look up that one's chart on their little 85M share stock. Incredible DILUTION is just beginning would be my best guest...bwdik?


beefsteak

[Libertarian_Guard]

September 4, 2012

35,000 m of Positive Drill Results Support Further Growth at Bombore

OTTAWA, ONTARIO--(Marketwire - Sept. 4, 2012) - Orezone Gold Corporation (TSX:ORE) is pleased to announce 35,000 m of additional positive oxide and sulphide drill results from infill and expansion drilling completed during the second quarter at its wholly owned Bombore Gold Project in Burkina Faso, West Africa. These results were not included in the Bombore resource update announced on August 27, 2012.


Orezone is a Canadian company with a gold discovery track record of +12 M oz and recent mine development experience in Burkina Faso, West Africa. The company owns a 100% interest in Bombore, the largest undeveloped gold deposit in the country that is situated 85 km east of the capital city, adjacent to an international highway. Mineral resources are constrained within optimized open pit shells that span 11 km, and include 4.13 Moz of measured and indicated (125 Mt @ 1.03 g/t) and 1.03 Moz of inferred resources (35 Mt @ 1.00 g/t) with an average depth of drilling to only 120 meters. The Company is working to grow resources while completing a definitive feasibility study at Bombore in 2013 and become a mid-tier gold producer by 2015.