Orezone Gold Corporation (TSXV:ORE)

Mining

Orezone Gold Corporation is a Vancouver-based gold exploration and development company.

The company primarily focuses on developing Bomboré Gold Project located in Burkina Faso, a gold-producing country. The project consists of oxide resource supported by a higher-grade sulfide resource.

In 2019, Orezone under a feasibility study at the Bomboré project claims to indicated a presence of 1.6 million ounces in more than 13 years of mine-life.

Orezone has 90 per cent stake in the project and claims it to be a significant undeveloped gold property in Burkina Faso.

Located in Burkina Faso, the project has an estimated capacity of annually producing average 117,760 ounces in the 13 mine-life. It is an open pit mine located in West Africa. The remaining 10 per cent stake is owned by the government of the region.

It is situated 85 kilometer to the east of Ouagadougou city and is close to a paved international highway.

The mining firm says that the project has well-established infrastructure that includes sufficient water, a high voltage power line, and a local labor force.

The mining firm has undertaken geological interpretation, metallurgical recoveries, dilution and grade control and regional exploration.

The project consists of gold deposits found at the surface in several areas consisted of a gold-in-soil anomaly.

Orezone plans to explore and develop this project in stages.

The stage one concentrates on free dig oxides with CIL operation with an average restoration of 87 per cent without involving the crushing method and grinding.

Its Stage 2 operations are focused on primary higher-grade sulfides as a CIL operation with separate crushing and grinding methods.

In early June 2021, the mining firm entered into a formal agreement with Genser Energy Burkina S.A. for supplying clean energy electricity to its Bomboré Gold Project. The firm says liquefied natural gas (LNG) will be the main fuel with additional needs met by a solar plant. The Bomboré Gold Project would be the first project in Burkina Faso that would use LNG in its exploration, the mining firm claims.

As part of the agreement, Genser would permit, install, finance, and plan energy infrastructure, including diesel and LNG storage. It would be the holder and manager of the power plant facility.

Contact Information

company address 910 – 1111 Melville Street Vancouver, BC V6E 3V6, Canada

company phone778-945-8977

company email[email protected]

company websitehttps://www.orezone.com

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