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CIL

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Orezone Increases and Upgrades the Bombore Gold Project Resource

29/04/2013 3:21pm

Marketwired Canada


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 increased to:


140 million tonnes of measured and indicated mineral resources at 1.01 g/t for
4.56 million oz, and

18 million tonnes of inferred mineral resources at a grade of 1.22 g/t for 0.72
million oz.


Bombore is one of the largest undeveloped gold deposits in West Africa with 2
million oz of M&I oxide resources near surface.


Highlights



--  Total measured resources have increased by 0.76 Moz to 2.63 Moz. 
    
--  Total measured and indicated (M&I) resources have increased by 0.49 Moz
    to 4.56 Moz with an estimated strip ratio of 2:1. 
    
--  Total oxidized M&I resources have increased by 0.21 Moz to 1.96 Moz with
    a strip ratio of 1.3:1. 
    
--  Further potential remains to upgrade and expand both the oxidized and
    sulphide resources. 
    
--  The deposit is scalable and leveraged to the gold price. Any increase in
    the gold price or drop in costs yields significantly higher contained
    ounces (see table 4). 
    
--  The resource update includes an additional 67,023 m of drilling since
    the August 2012 resource estimate, for a total of 404,648 m. The
    database includes 259,025 m of RC drilling (4,170 holes) and 145,623 m
    of core drilling (926 holes). 
    
--  All resources are contained within optimized pit shells using a $1400
    gold price, current Burkina Faso operating costs as well as
    metallurgical and geotechnical parameters that are the result of
    recently completed studies to a full feasibility level. 



"Bombore is one the largest undeveloped gold deposits in West Africa and it
remains open at depth and along strike" said Ron Little President and CEO. "Most
importantly, approximately half of the resource is oxidized and occurs in the
top 50 m from surface. As demonstrated in table 4, the oxidized resource remains
robust even at lower gold prices and represents the best opportunity for the
Company to get into production with the lowest possible capital investment and
operating costs. Plans are to complete the full Feasibility Study (FS) during
the second half of 2013."


With the resource update complete, the ongoing FS can now focus on completing
the mine design, site layout and the environmental impact study which will
enable the permitting process to begin. G Mining Services Inc. ("GMS", Montreal,
Canada) is working on the mine planning/sequencing, on a pit by pit basis, with
the most conservative mine sequence using a weighted average gold price of
$1225. The FS contemplates building a carbon in leach ("CIL") operation in two
phases. The first phase is an oxide-only plant with the benefits of lower
capital costs, lower operating costs and higher recoveries. A second phase
expansion to process the harder sulphide resources could be financed from
project cash flows at anytime in the future.


The mineral resource statement (Table 1) was prepared by SRK Consulting
(Toronto, Canada) Inc. ("SRK"). The mineral resources are constrained within
conceptual open pit shells prepared by GMS using parameters established by GMS
in January 2013 and taking into account the findings of the ongoing technical
studies (Table 3). The pit shells are based on a US$1,400 gold price, relevant
cost estimates for current mining, processing and G&A of comparable Burkina Faso
gold mines, and detailed metallurgical results to estimate recoveries for a CIL
plant scenario. The resources span over 11 km long and up to 1 km wide with an
estimated stripping ratio of 2:1. The majority of the total resource occurs
within the top 120m, where approximately 90% of the drilling was completed to
date, but pit shells can reach a depth of 200m. Resources remain open at depth
and for the most part along strike.




                                                                            
Table 1- 2013 Mineral Resource Statement(i) for the Bombore deposit, Burkina
    Faso, West Africa, SRK Consulting (Canada) Inc., April 29, 2013, CIL    
                             Processing Scenario                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
               Cut-off  Measured Mineral Resource Indicated Mineral Resource
                                                                            
Category          Gold Tonnage  Grade   Contained  Tonnage  Grade  Contained
                                             Gold                       Gold
                   g/t      Mt    g/t         koz       Mt    g/t        koz
----------------------------------------------------------------------------
North:                                                                      
Laterite/Oxide    0.45   13.57   0.95         417    14.20   0.82        375
Transitional      0.45    9.22   0.93         275     5.84   0.92        173
Fresh             0.50   22.04   1.00         711    11.98   1.29        497
Sub-total                44.83   0.97       1,402    32.02   1.02      1,046
----------------------------------------------------------------------------
South:                                                                      
Laterite/Oxide    0.45    8.11   0.94         246     4.53   0.86        125
Transitional      0.45    7.49   0.89         214     2.97   0.96         92
Fresh             0.50   20.58   1.02         674    15.26   1.19        584
Sub-total                36.17   0.98       1,134    22.76   1.10        801
----------------------------------------------------------------------------
Southeast:                                                                  
Laterite/Oxide    0.45    0.24   1.33          10     0.37   1.05         12
Transitional      0.45    0.25   1.53          12     0.34   0.97         11
Fresh             0.50    1.53   1.44          71     1.32   1.43         61
Sub-total                 2.03   1.44          94     2.02   1.28         83
----------------------------------------------------------------------------
Combined:                                                                   
Laterite/Oxide    0.45   21.92   0.95         673    19.10   0.84        513
Transitional      0.45   16.96   0.92         501     9.14   0.94        275
Lat/Ox/Tr                                                                   
 Total            0.45   38.88   0.94       1,174    28.24   0.87        789
Fresh             0.50   44.14   1.03       1,456    28.55   1.24      1,142
Total All                                                                   
 Material                83.03   0.99       2,630    56.79   1.06      1,930
----------------------------------------------------------------------------
Total M+I All Material  139.82   1.01       4,560                           
-------------------------------------------------                           
Total M+I                                                                   
 Oxidized                67.12   0.91       1,963                           

--------------------------------------------
--------------------------------------------
                                            
                   Inferred Mineral Resource
                                            
Category        Tonnage   Grade    Contained
                                        Gold
                     Mt     g/t          koz
--------------------------------------------
North:                                      
Laterite/Oxide     2.04    0.88           57
Transitional       0.79    1.00           25
Fresh              4.42    1.63          232
Sub-total          7.25    1.35          315
--------------------------------------------
South:                                      
Laterite/Oxide     1.66    0.89           48
Transitional       1.35    0.96           41
Fresh              5.46    1.26          222
Sub-total          8.46    1.14          311
--------------------------------------------
Southeast:                                  
Laterite/Oxide     0.30    0.97            9
Transitional       0.24    0.97            7
Fresh              2.18    1.15           81
Sub-total          2.71    1.12           97
--------------------------------------------
Combined:                                   
Laterite/Oxide     4.00    0.89          115
Transitional       2.37    0.97           74
Lat/Ox/Tr                                   
 Total             6.37    0.92          189
Fresh             12.05    1.38          534
Total All                                   
 Material         18.42    1.22          723
--------------------------------------------
Total M+I All                               
 Material                                   
--------------                              
Total M+I                                   
 Oxidized                                   
----------------------------------------------------------------------------
(i) Mineral resources are not mineral reserves and do not have a            
    demonstrated economic viability. All figures have been rounded to       
    reflect the relative accuracy of the estimates. The gold price of       
    US$1,400 and the cut-off grades from the previous resource estimation   
    have been retained for comparison purposes. The average calculated cut- 
    off grades based on the assumptions considered for the current pit      
    optimization are 0.29, 0.33 and 0.57 g/t for the oxide, transition and  
    fresh resources respectively. Reported within conceptual open pit shells
    optimized considering a carbon in leach CIL process option.             
----------------------------------------------------------------------------
                                                                            
                                                                            
    Table 2 - 2012 Mineral Resource Statement(i) for the Bombore deposit,   
  Burkina Faso, West Africa, SRK Consulting (Canada) Inc., August 20, 2012, 
                           CIL Processing Scenario                          
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
               Cut-off  Measured Mineral Resource Indicated Mineral Resource
                                                                            
                  Gold  Tonnage Grade   Contained  Tonnage Grade   Contained
Category                                     Gold                       Gold
                   gpt       Mt   g/t         koz       Mt   g/t         koz
----------------------------------------------------------------------------
                                                                            
North:                                                                      
Laterite/Oxide    0.45    11.24  0.92         333    15.10  0.91         441
Transitional      0.45     7.39  0.93         222     5.31  1.00         171
Fresh             0.50    19.29  1.03         638    16.60  1.27         676
Sub-total                 37.92  0.98       1,193    37.02  1.08       1,288
----------------------------------------------------------------------------
South:                                                                      
Laterite/Oxide    0.45     4.89  0.93         146     6.32  0.94         190
Transitional      0.45     3.65  0.90         105     3.55  0.96         110
Fresh             0.50    10.38  1.00         334    18.25  1.06         622
Sub-total                 18.91  0.96         585    28.12  1.02         922
----------------------------------------------------------------------------
Southeast:                                                                  
Laterite/Oxide    0.45     0.17  1.32           7     0.40  1.19          15
Transitional      0.45     0.14  1.68           8     0.18  1.16           7
Fresh             0.50     1.50  1.56          75     0.64  1.50          31
Sub-total                  1.81  1.54          90     1.22  1.35          53
----------------------------------------------------------------------------
Combined:                                                                   
Laterite/Oxide    0.45    16.29  0.93         487    21.82  0.92         647
Transitional      0.45    11.18  0.93         335     9.04  0.99         287
----------------------------------------------------------------------------
Lat/Ox/Tr                                                                   
 Total            0.45    27.47  0.93         822    30.87  0.94         934
----------------------------------------------------------------------------
Fresh             0.50    31.17  1.05       1,047    35.49  1.16       1,329
----------------------------------------------------------------------------
Total All                                                                   
 Material                 58.64  0.99       1,869    66.36  1.06       2,263
----------------------------------------------------------------------------
Total M+I                125.00  1.03       4,132                           
-------------------------------------------------                           
Total M+I Oxidized        58.34  0.94       1,756                           
----------------------------------------------------------------------------

                                            
--------------------------------------------
--------------------------------------------
                   Inferred Mineral Resource
                                            
                Tonnage   Grade    Contained
Category                                Gold
                     Mt     g/t          koz
--------------------------------------------
                                            
North:                                      
Laterite/Oxide     3.46    0.70           77
Transitional       1.57    0.74           37
Fresh             11.85    1.23          467
Sub-total         16.88    1.07          581
--------------------------------------------
South:                                      
Laterite/Oxide     2.85    0.85           78
Transitional       2.08    0.82           55
Fresh              9.73    0.97          303
Sub-total         14.65    0.93          436
--------------------------------------------
Southeast:                                  
Laterite/Oxide     0.16    0.77            4
Transitional       0.16    0.64            3
Fresh              0.29    0.97            9
Sub-total          0.61    0.83           16
--------------------------------------------
Combined:                                   
Laterite/Oxide     6.47    0.77          159
Transitional       3.80    0.78           95
--------------------------------------------
Lat/Ox/Tr                                   
 Total            10.27    0.77          254
--------------------------------------------
Fresh             21.86    1.11          779
--------------------------------------------
Total All                                   
 Material         32.13    1.00        1,033
--------------------------------------------
Total M+I                                   
--------------                              
Total M+I                                   
 Oxidized                                   
--------------------------------------------
(i) Mineral resources are not mineral reserves and do not have a            
    demonstrated economic viability. All figures have been rounded to       
    reflect the relative accuracy of the estimates. The cut-off grades are  
    based on a gold price of US$1,400 per ounce and metallurgical recovery  
    of 94 percent for laterite and oxide, 92 percent for transitional       
    material and 82 percent for fresh material. Reported within conceptual  
    open pit shells optimized considering a carbon in leach process option. 
----------------------------------------------------------------------------
                                                                            
                                                                            
                Table 3 - 2013 vs. 2012 Optimization Parameters             
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Optimization Parameter                          2013 CIL            2012 CIL
----------------------------------------------------------------------------
Gold Price                                     $1,400.00           $1,400.00
----------------------------------------------------------------------------
Gov't Royalty (5%)                                $70.00              $70.00
----------------------------------------------------------------------------
Selling Costs                                       $2.5                $2.5
----------------------------------------------------------------------------
Dilution                                              5%                  5%
----------------------------------------------------------------------------
Mining Losses                                         5%                  5%
----------------------------------------------------------------------------
Overall Pit Slopes                               Degrees             Degrees
                               Oxide               36(1)                  35
                          Transition               44(2)                  40
                               Fresh               51(3)                  45
----------------------------------------------------------------------------
Process recovery                                       %                   %
                               Oxide             92.0(4)                94.0
                          Transition             89.0(5)                92.0
                               Fresh             81.7(6)                82.0
----------------------------------------------------------------------------
Mining Costs - Ore                               $/tonne             $/tonne
                               Oxide                1.74                1.90
                          Transition                2.32                2.35
                               Fresh                2.44                2.44
----------------------------------------------------------------------------
Mining Costs - Waste                             $/tonne             $/tonne
                               Oxide                1.63                1.90
                          Transition                2.18                2.35
                               Fresh                2.28                2.44
----------------------------------------------------------------------------
Incr. Bench Cost per 10 m Bench                  $/tonne             $/tonne
                                                    0.03                0.04
----------------------------------------------------------------------------
Processing Costs (7)                             $/tonne             $/tonne
                               Oxide                6.60                7.21
                          Transition                7.83                9.76
                               Fresh               15.02               12.66
----------------------------------------------------------------------------
G&A Costs (8)                                    $/tonne             $/tonne
                               Oxide                3.72                3.84
                          Transition                3.72                3.84
                               Fresh                3.72                3.84
----------------------------------------------------------------------------



Notes:

(1,2,3) Average slopes were used for the 2013 Whittle optimization but Golder's
detailed recommendations will be used for the pit design; between 36 and 55
degrees for saprolite (where the height of the saprolite wall is less than 80
meters), between 40 and 45 degrees for transition, and between 45 and 55 degrees
for sulphide/fresh.


(4,5,6) For the 2013 Whittle optimization, this table shows the metallurgical
recovery expected around the average in-situ grade, and is including fine carbon
and solution losses to tailings of 0.017 g/t.


(7) 2013 Whittle optimization costs include $0.10/t in re-handling costs. 

(8) 2013 Whittle optimization costs include $0.60/t of rehabilitation and
sustaining capital provisions. Ore haulage costs will be refined for each pit in
the feasibility study.


Several factors account for the difference between the 2013 and 2012 mineral
resource estimates as follows: 




1.  An increase in the drilling data (67,023 m) resulting in the increase in
    the M+I resources. 
    
2.  Greater confidence in the geological and grade continuity, with improved
    geological and resource domain modeling. 
    
3.  Revised/enhanced geostatistical inputs including: revised variography,
    capping and estimation parameters. 
    
4.  Revised optimization parameters (including the reduction in metal
    recoveries). 
    
5.  More comprehensive estimation of leach residue ('tails') assay for all
    LeachWell samples. 
    
6.  Applied reduction factor in the density values to consider moisture
    content in the original samples. 
    
7.  Modeling of the new P17N deposit resulting in the increase of the
    Southeast Inferred resources. 
    

                                                                            
         Table 4 - Sensitivity to Gold Price for 2013 Measured + Indicated  
                  Mineral Resource, CIL Processing Scenario                 
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                  Measured and Indicated              Measured and Indicated
              Oxide + Transition + Fresh             Oxide + Transition Only
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
  Gold     Total      Au      Au   Strip  Total Oxide      Au      Au  Strip
  Price  Tonnage   Metal   Grade   Ratio      Tonnage   Metal   Grade  Ratio
 US$/oz     (Mt)   (Moz)   (g/t)     (i)         (Mt)   (Moz)   (g/t)    (i)
----------------------------------------------------------------------------
  1000      69.8    2.44    1.09     2.1         50.0    1.48    0.92    1.6
----------------------------------------------------------------------------
  1100      91.4    2.95    1.00     2.0         61.5    1.67    0.85    1.5
----------------------------------------------------------------------------
  1200     114.3    3.44    0.94     1.9         74.0    1.86    0.78    1.4
----------------------------------------------------------------------------
  1300     140.6    3.96    0.88     1.9         87.3    2.03    0.73    1.3
----------------------------------------------------------------------------
  1400     165.5    4.42    0.83     1.8         98.9    2.18    0.68    1.2
----------------------------------------------------------------------------
  1500     193.0    4.88    0.79     1.7        113.2    2.34    0.64    1.1
----------------------------------------------------------------------------
  1600     226.2    5.43    0.75     1.7        128.4    2.49    0.60    1.0
----------------------------------------------------------------------------
  1700     260.6    5.98    0.71     1.6        143.0    2.64    0.57    1.0
----------------------------------------------------------------------------
Notes: Resources are inclusive of 5% mining losses and 5% dilution with zero
grade. Total tonnage is from pit shells optimized on Measured and Indicated 
blocks of oxide, transition and fresh material. Oxide tonnage is from pit   
shells optimized only on the Measured and Indicated blocks of oxide and     
transition material. The economic cut-offs averaged 0.29, 0.33 and 0.57 g/t 
for oxide, transition and fresh resources respectively. (i)The strip ratio  
is that of the whittle shell and is expected to increase for the detailed   
pit designs.                                                                
----------------------------------------------------------------------------



Drilling on the Bombore property, geological modelling and the mineral resource
estimates were supervised by Pascal Marquis, Ph.D., P. Geo., Senior Vice
President and Qualified Person for Orezone, as defined by National Instrument
43-101, and who has reviewed and approved the technical information in this
release. The mineral resource estimate was prepared by Dorota El-Rassi, P.Eng.
and Glen Cole, P.Geo. of SRK; they are Independent Qualified Persons as defined
by National Instrument 43-101. The optimization parameters and the Whittle pit
optimization were established by Louis-Pierre Gignac, P.Eng. and CFA of GMS; he
is an independent Qualified Person as defined by National Instrument 43-101.
Orezone holds a 100% operating interest in the project while the government of
Burkina Faso will receive a 5% net smelter royalty and a 10% non-participating
(carried) interest should the project go into production.


Mineral Resource Estimate Parameters and Methodology



--  Mineral resources were estimated using a conventional geostatistical
    block modelling approach constrained by mineralization wireframes. 
    
--  Gemcom GEMS(TM) software was used to construct the geological solids,
    prepare assay data for geostatistical analysis, construct the block
    model, estimate metal grades, and to tabulate mineral resources.
    GEMS(TM), Leapfrog and GoCad software packages were used to create the
    three- dimensional geological model in close association with Andre
    Labonte, an independent geologist contracted by Orezone. The
    Geostatistical Software Library(TM) (GSLib) family of software and
    GEMS(TM) were used for geostatistical analysis and variography. Whittle
    4D was used for the pit optimization. 
    
--  The Bombore gold project database used for this mineral resource
    estimate contains drill holes up to November 15, 2012 and assay results
    up to November 27, 2012, except for P16 deposit for which drill holes up
    to February 20, 2013 and assay results up to March 14, 2013 were
    included. 
    
--  The Bombore gold project can be divided into three geographic areas
    comprising nine main gold Deposits; i.e. the KT, Maga, CFU and P8P9
    deposits in the North area, the P11, Siga West and Siga East deposits in
    the South area and the P16, P17 and P17N deposits in the Southeast area.
    
--  Orezone has provided SRK with digital topography and three weathering
    surfaces (Laterite, Oxide and Transition) delineated by geological
    logging that was validated using the specific gravity data and XRF
    litho-geochemical data. 
    
--  For mineral resource evaluation, in situ gold grades are estimated from
    the available assaying data. The total "in situ" gold content is
    determined by adding the partial leach gold value (LeachWell or BLEG)
    with the gold content in the leach residue either assayed or estimated.
    SRK has estimated the missing leach assays using a linear regression of
    the conditional mean of the (fire assay / LeachWell) ratio against the
    LeachWell results. 
    
--  Geostatistical analysis, capping, variography and estimation were
    conducted on the "in situ" gold data. 
    
--  Gold assay data within all domains were composited to a length of 1.5
    metres. 
    
--  For each domain, a capping value was determined by analyzing histograms
    and cumulative frequency plots of "in situ" gold composites in each
    domain separately. Capping values were adjusted iteratively by referring
    to summary statistics to ensure the robustness of the statistics for the
    chosen capping values, which are comprised between 1 and 35 g/t
    depending on the grade domain. 
    
--  The block model was populated with an "in situ" gold value using
    ordinary kriging from up to three estimation passes, with estimation
    parameters derived from variography. "Soft" and "hard" domain boundaries
    were considered for estimation and each resource domain was estimated
    separately. 
    
--  The block model was also populated with a specific gravity value using
    an inverse distance algorithm informed from a large database of specific
    gravity measurements on core samples. 
    
--  Variography was performed using the GSLib software using uncapped 1.5-
    metre "in situ" gold composites. Both directional and isotropic
    variograms were calculated. 
    
--  As a validation check of the ordinary kriging estimates, gold was also
    estimated using an inverse distance estimator. Results from the two
    estimators were compared visually and both estimators deliver very
    similar results. SRK prefers to report gold grades estimated by ordinary
    kriging because the spatial continuity and nugget effect can be modeled
    using variograms, and also because ordinary kriging delivers an estimate
    of the quality of the estimates in the form of the kriging variance. The
    model was further validated visually by comparing block grade estimates
    to informing capped composite data on vertical sections and elevation
    plans. The statistics of the informing capped composited data also
    compared well to those of the estimated resource blocks. 
    
--  Block classification involved a two-step process. The first step is an
    automated classification that considered four main criteria: the number
    of composites used to code a block, the estimation pass, the average
    distance to informing composites, and the kriging variance. Blocks coded
    during the first search pass were assigned an Indicated classification.
    All blocks interpolated during the second and third estimation passes
    were assigned an Inferred category. In the second step, the automated
    classification was manually adjusted to remove isolated blocks and to
    define regular areas at the same resource classification. Isolated
    blocks were reclassified to the category of the surrounding blocks. A
    Measured classification was assigned only to those blocks that are
    located close to two or more core boreholes on a section and completely
    located within the conceptual pit envelope used to constrain mineral
    resources. 
    
--  The mineral resources are reported in accordance with Canadian
    Securities Administrators' National Instrument 43-101 and have been
    estimated in conformity with generally accepted CIM Estimation of
    Mineral Resource and Mineral Reserves Best Practices Guidelines. Mineral
    resources are not mineral reserves and do not have demonstrated economic
    viability. There is no certainty that all or any part of the mineral
    resource will be converted into mineral reserve. 



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 which 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 4.6 Moz of
measured and indicated (140 Mt @ 1.0 g/t) and 0.7 Moz of inferred resources (18
Mt @ 1.2 g/t) with an average depth of drilling to only 120 meters. The Company
is working to further expand the resources at Bombore while it completes a FS
for a phase one oxide-only CIL plant in 2H 2013 and becomes a mid-tier gold
producer by 2015.


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; ground water;
infrastructure design; mine water management or waste management; scrubber and
grinding circuit design; improvements in the project economics; optimization and
trade-off studies; capital and operating cost estimates; gold production for the
project; completion of technical reports in Q2 2013; completion of a FS in 2H
2013; commencement of production at the Bombore Project in 2015.


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 or 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, 2012 and other continuous
disclosure documents filed by Orezone since January 1, 2013 available at
www.sedar.com, for this detailed information, which is subject to the
qualifications and notes set forth therein.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Orezone Gold Corporation
Ron Little
CEO
(613) 241-3699 or Toll Free: (888) 673-0663
info@orezone.com


Orezone Gold Corporation
Pascal Marquis
V.P. Exploration
(613) 241-3699 or Toll Free: (888) 673-0663
pmarquis@orezone.com
www.orezone.com

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