Orezone Gold Corp. is pleased to announce additional results from its ongoing drilling program to test the expansion potential of the P17 trend at its Bombor? Gold Project, located in Burkina Faso. The focus of this latest drilling was to test the continuity of high-grade mineralization into the "Gap Zone" between P17S and P17. This area had not been previously subject to any drilling and represented a 600 m gap between [...]
Orezone Gold Corp. is pleased to provide an update on construction progress at its Bombor? Gold Project in Burkina Faso. Patrick Downey, President and CEO stated, "Significant progress has been achieved during the first half of 2021 and I am very pleased to report that the project capital cost remains consistent with the estimate in the 2019 Feasibility Study and the project is on schedule and fully funded to pour first [...]
Orezone Gold Corp. announces that it will host an investor webinar on July 12, 2021, the results of its annual and special meeting of shareholders held on June 30, 2021 and provides an update on timing for approval of the Convertible Note Facility. Investor Webinar Monday, July 12th at 10:00 am / 1:00 pm Orezone will host an investor webinar on Monday, July 12th at 10:00 am PDT / 1:00 pm EDT to provide an update on the [...]
Orezone Gold Corp. is pleased to announce initial results from its ongoing drilling program to test the expansion potential at the P17S deposit at its Bombor? Gold Project, located in Burkina Faso. The drilling program has been very successful returning the best hole to date at P17S with several other wide, multigram gold intercepts near surface outside of the current reserves and resource envelopes . These drill results [...]
Orezone Gold Corp. is very pleased to announce that it has signed a Power Purchase Agreement with Genser Energy Burkina S.A. for the supply of clean energy electrical power for its Bombor? Gold Project, located in Burkina Faso. PPA Highlights Genser will use liquefied natural gas as its main fuel, augmented with a staged solar plant. The Bombor? project will be the first mine in Burkina Faso to use LNG to power its [...]
Orezone Gold Corp. announces that the Project Debt Package is progressing well and the Company is working to finalize documentation on the Senior Debt Facility, the Convertible Note Facility, the Silver Stream Agreement and the related intercreditor agreement. As required by the policies of the TSX Venture Exchange, the Company is issuing this press release as part of the application to the TSXV with respect to the [...]
Orezone Gold Corp. is pleased to announce that it has taken several key steps as it continues to rapidly advance development of its 90% owned Bombor? Gold Project located in Burkina Faso. Development Update: Ball mill and other major equipment ordered: The order for the ball mill has been placed with NCP International in South Africa, a well-respected and experienced mill fabrication company. The mill will have dimensions [...]
Orezone Gold Corp. is pleased to announce it has entered into a binding letter of intent for a silver streaming agreement with EURO Ressources S.A. to sell 50% of the future payable silver production from the Bombor? Gold Project for an upfront cash payment of US$7,150,000. Highlights Realizes value for silver not included in the 2019 feasibility study - The value of the silver is not included in the 2019 Bombor [...]
Orezone Gold Corp. is pleased to provide an early project update of key developments on its Bombor? Gold Project in Burkina Faso since its recent project financing announcements. The Company has selected Sila Equipement ET BTP SA, an established Burkinab? company, as its open pit mining contractor for Bombor?. An important schedule milestone is the mining of the Off-Channel Reservoir which will serve as the main water [...]
Orezone Gold Corp. announces that it has completed its previously announced bought deal equity financing for aggregate gross proceeds of C$73,754,625. The Offering was co-led by Canaccord Genuity Corp. and CIBC Capital Markets, and included Raymond James Ltd., PI Financial Corp. and Sprott Capital Partners LP. The Underwriters received a cash commission equal to 4% of the gross proceeds of the Offering. Pursuant to the [...]
Orezone Gold Corp. is pleased to announce that the Company has secured binding commitments totalling in excess of US$182 million to fully finance the construction of its shovel-ready Bomboré Gold Project located in Burkina Faso, West Africa . The Project remains on track for first gold pour by Q3-2022. The Project Financing Package is comprised of the following key terms: US$96 million senior secured debt facility with [...]
Orezone Gold Corp. is pleased to announce that it has taken several key steps in advancing its 90% owned Bombor? Gold Project towards project construction. Highlights include: EPCM Award: The Company has awarded the engineering, procurement, and construction management contract to Lycopodium Minerals Pty Ltd. , a company with an excellent track record of delivering projects on time and on budget in West Africa. First gold [...]