OTTAWA, ONTARIO--(Marketwired - Mar 20, 2014) - Orezone Gold Corp. (TSX:ORE) is pleased to announce that it has sold its 11 million share holding in Amara Mining plc for net proceeds of approximately $3.4 million USD. The shares were part of the consideration received by the Company for the sale of its Sega Gold Project to Amara in May 2012. "The additional cash provides us with a financial cushion and time to consider [...]
OTTAWA, ONTARIO--(Marketwired - Jan 22, 2014) - Orezone Gold Corp. (TSX:ORE) is pleased to announce the results of an independent Preliminary Economic Assessment (the "Study") for its wholly owned Bomboré Gold Project in Burkina Faso, West Africa. The Base Case financial model yields a robust after tax IRR of 23.9 % to Orezone with a mine plan optimized to deliver better grade in early years, revenues using a $1250 gold price and current costs based on operations in the region. The after tax IRR improves to 37.1 % from revenues at a $1,500 gold price, based on the same mine plan. Orezone expects to complete detailed heap leach ("HL") metallurgical and geotechnical studies in June, update the social and environmental assessments by September and be in... [...]
Orezone is pleased to announce that it has closed its previously announced non-brokered private placement. The Company raised C$5M through the issuance of 10 million new ordinary common shares at a price of C$0.50 per share. No commissions or finder's fees were paid in connection with the Private Placement. The Company will use the proceeds to advance technical studies towards completion of the feasibility study for an [...]
Orezone Gold is pleased to announce that it has arranged a non-brokered private placement financing of C$5M. Under the terms of the placement, 10 million ordinary common shares of the Company will be issued at C$.50/share. Commitments have been made by investors and a company with a closing is expected in the next two weeks. Directors of the company may subscribe to 10% of the financing. No commissions or finder's fees [...]
OTTAWA, ONTARIO -- (Marketwired) -- 06/19/13 -- Orezone Gold Corporation (TSX: ORE) announces that it intends to shift the focus of the Bombore Feasibility Study in order to review and reassess the lower capital cost heap leach (HL) scenario outlined in the August 2011 Preliminary Economic Assessment (PEA). The ongoing feasibility work for an oxide-only Carbon in Leach (CIL) circuit with a capacity of 8 Mt/yr for ten [...]
OTTAWA, ONTARIO -- (Marketwired) -- 06/04/13 -- Orezone Gold Corporation (TSX: ORE) is pleased to provide an update on a recently completed metallurgical study and the latest drill results for its wholly owned Bondi Gold Project in Burkina Faso, West Africa. Bondi is the Company's second tier project with an NI 43-101 qualified resource of 282,000 oz of Measured and Indicated resources (4.2 Mt @ 2.1 g/t) and 149,700 oz [...]
OTTAWA, ONTARIO -- (Marketwired) -- 05/24/13 -- Orezone Gold Corporation (TSX: ORE) is pleased to announce the results by proxy that were confirmed by a show of hands for its board of directors at its Annual General Meeting on May 23, 2013.
Name of Nominee Votes For Percent Votes Withheld Percent --------------------------------------------------------------------------- Ronald Batt [...]
Measured and Indicated Mineral Resources Increased to 4.6 Moz at 1.0 g/tOTTAWA, ONTARIO -- (Marketwired) -- 04/29/13 -- 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
OTTAWA, ONTARIO -- (Marketwire) -- 03/27/13 -- Orezone Gold Corporation (TSX: ORE) is pleased to provide an update on the progress of the ongoing Feasibility Study, resource update and the latest drilling results for its wholly owned Bombore Gold Project in Burkina Faso, West Africa.
Highlights
-- Mining and processing costs for the oxide material have been reduced as compared to those costs used in the August [...]
Highlights include 16 m @ 2.96 g/t, 18 m @ 2.36 g/t and 16 m @ 1.98 g/tOTTAWA, ONTARIO -- (Marketwire) -- 02/25/13 -- Orezone Gold Corporation (TSX: ORE) is pleased to announce additional positive results from an ongoing infill and expansion drill program at its wholly owned Bombore Gold Project in Burkina Faso, West Africa. The recent drilling has expanded the southern P16 and the P17N deposits and with open ended [...]
Orezone is pleased to announce additional positive results from an ongoing infill and expansion drill program at its wholly owned Bomboré Gold Project in Burkina Faso, West Africa. An additional 75,000 m of results have now been released since the August 2012 resource estimation. The 100,000 m drill program continues to demonstrate the potential to upgrade and expand the resources, especially the softer near surface oxide [...]
Orezone is pleased to announce additional positive results from an ongoing 125,000 m infill and expansion drill program at its wholly owned Bombore Gold Project in Burkina Faso, West Africa. The program is designed to upgrade and expand the resources, especially the softer near surface oxide and semi-oxidized resources (total oxide resource of 1.76 Moz M&I and 0.26 Moz Inferred, plus the sulphide resource of 2.37 Moz M&I [...]