Printer Friendly
The Free Library
14,800,529 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Orezone Intersects Bondi Zone 2 at Depth-Results Include 4.5 g/t over 19.5m and 4.1 g/t over 19.1m.


OTTAWA -- Orezone Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:OZN OZN Obiecte Zburatoare Neidentificate (Romanian: unidentified flying object)
OZN Organizacija Druzenih Narodov
) (AMEX AMEX

See: American Stock Exchange
:OZN) announces that drilling at its 100 per cent owned Bondi project in Burkina Faso Burkina Faso (burkē`nə fä`sō), republic (2005 est. pop. 13,925,000), 105,869 sq mi (274,200 sq km), W Africa. It borders on Mali in the west and north, on Niger in the northeast, on Benin in the southeast, and on Togo, Ghana, and , West Africa West Africa

A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century.



West African adj. & n.
 has intersected Zone 2 at depths to 225m below surface. Hole BDD BDD Base de Données (French: Database)
BDD Business Desktop Deployment (Microsoft)
BDD Behavior Driven Development
BDD Binary Decision Diagram
BDD Bantam Doubleday Dell
024 graded 4.1 g/t over 19.1m and Hole BRC BRC Black Rock City (Burning Man)
BRC British Retail Consortium
BRC Business Resource Center (Small Business Administration)
BRC Bisexual Resource Center
BRC Black Radical Congress
230D graded 4.5 g/t over 19.5m and confirm that gold mineralization Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.
 continues at depth.

Indicated resources within Zone 2 have been estimated at 1,761,822 tonnes grading 2.88 g/t (162,964 contained ounces of gold) and inferred resources amount to an additional 446,378 tonnes grading 2.41 g/t (34,591 contained ounces) using a 0.5 g/t cutoff. While the Zone 2 mineralized min·er·al·ize  
v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es

v.tr.
1. To convert to a mineral substance; petrify.

2. To transform a metal into a mineral by oxidation.

3.
 structure has been traced for over 2.5 km, much of the reported resource is contained within a 400m strike length to a depth of 150m where the mineralized breccia breccia: see conglomerate.
breccia

Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured.
 is up to 40m in width. The NI 43-101 compliant resource estimate was prepared by Met-Chem Canada Inc. and will be filed on SEDAR SEDAR System for Electronic Document Analysis and Retrieval
SEDAR Southeast Data, Assessment, and Review
 within 30 days.

Ron Little, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated that "While the initial resource calculation at Bondi is lower than we anticipated, our other projects have exceeded expectations and the Company's potential for resource expansion is much greater than it was a year ago. We remain very encouraged by the results at depth as well as the potential of the entire 100% owned Bondi property. Our 1,400 km2 land package straddles over 75km of one of the largest volcanic belts in Burkina Faso and to date, mineralization has already been identified along 45km of its strike length." He added that, "the Company's objective of building a million ounce resource at Bondi remains intact. Additional resource and scout drilling will start before the end of the year as part of an eight month, US$3.8M exploration program along the belt."

Orezone currently has five drill rigs operating in Burkina Faso and a sixth is expected to start shortly. Four rigs are drilling on the Company's Essakan property and a fifth is at the 100 per cent owned Sega project.
Summary of Bondi Drilling Results

---------------------------------------------------------------------

Prospect  Hole      East    North  Section  From    To   Length Grade
                   UTM m    UTM m             m      m      m   gAu/t
---------------------------------------------------------------------
Zone 2   BRC303   434684   1207325   2950    74.0   84.0  10.0   1.7
Zone 2   BDD010   434645   1207337   2950   174.0  181.5   7.5   1.3
Zone 2   BRC302   434686   1207378   3000    75.0   98.0  23.0   1.7
Zone 2   BDD023   434654   1207416   3025     7.5   10.5   3.0   4.5
Zone 2   BDD023   434654   1207416   3025    16.5   22.5   6.0   2.0
Zone 2   BRC317   434680   1207409   3025    55.0   60.0   5.0   2.4
Zone 2   BRC318   434689   1207406   3025    79.0   95.0  16.0   3.2
Zone 2   BDD024   434614   1207453   3050    22.5   40.5  18.0   0.9
Zone 2   BDD024   434614   1207453   3050    60.0   70.5  10.5   1.2
Zone 2   BDD024   434614   1207453   3050   247.5  267.0  19.5   4.1
Zone 2  BRC230D   434849   1207385   3050   159.0  178.5  19.5   4.5
Zone 2   BRC315   434629   1207448   3050    36.0   58.0  22.0   0.7
Zone 2   BDD020   434665   1207463   3075    15.0   19.5   4.5   2.3
Zone 2   BDD020   434665   1207463   3075   172.5  208.5  36.0   1.6
Zone 2   BDD020 including            3075   193.5  208.5  15.0   2.5
Zone 2   BDD021   434678   1207511   3125    55.5   57.0   1.5  13.6
Zone 2   BDD021   434678   1207511   3125    99.0  105.0   6.0   3.3
Zone 2   BDD021   434678   1207511   3125   184.5  204.0  19.5   1.1
Zone 2   BDD021 including            3125   195.0  202.5   7.5   1.6
Zone 2   BDD022   434692   1207558   3175   201.0  210.0   9.0   2.2
---------------------------------------------------------------------



(see complete table at www.orezone.com/site/bontable.asp)

Note: Samples were collected every 1m down the hole and analyzed using a 2kg bottle roll cyanide leach at the Transworld and SGS SGS Société Générale de Surveillance
SGS Symantec Gateway Security (appliance)
SGS School of Graduate Studies
SGS Subgrid Scale
SGS Singapore Government Securities
SGS Shell Global Solutions
 Laboratories in Tarkwa, Ghana Tarkwa is a town in the southwest of Ghana, located about 120 miles west of Accra. As of 2005, it was estimated to have a population of 40,397. Transport
Tarkwa is a junction on the Ghanaian Railways.
, both internationally recognized laboratories. A minimum of 5% of the samples are for QA/QC QA/QC Quality Assurance/Quality Control , which include duplicates, triplicates, standards and blanks. The program was carried out under the supervision of Jeffrey Ackert, VP Exploration, and qualified person for Orezone.

Orezone Resources Inc. (OZN:TSX, Amex) is an emerging Canadian gold producer with three advanced exploration projects in Burkina Faso, West Africa. Burkina Faso is a politically stable part of one of the world's fastest growing gold producing regions. Orezone's mission is to create wealth by discovering and developing the earth's resources in an efficient and responsible manner.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on 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 data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, 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.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1CANA
Date:Nov 26, 2004
Words:996
Previous Article:Capital Lease Funding to Present at the Friedman Billings Ramsey 11th Annual Investor Conference.
Next Article:Jefferson Bancshares, Inc. Declares Quarterly Dividend.



Related Articles
BRE-X MINERALS ANNOUNCES SIGNIFICANT RECOVERABLE GOLD GRADES FROM FINAL SIX HOLES OF PHASE II DRILLING AT THE BUSANG GOLD PROJECT EAST KALIMANTAN,...
Orezone Resources Inc.: Drilling Continues to Expand Resources on Sega Project.
Orezone Resources Inc.: Bondi Drilling Continues to Return Strong Gold Results-Intersections Include 51m Grading 4.0 g/t and 44m Grading 6.1 g/t.
Orezone Resources Inc.: Sega Drilling Continues to Expand RZ Discovery.
Sega Drilling Extends Gambo Zone-Results Include 38 m Grading 2.7 g/t and 13m Grading 4.5 g/t.
Orezone Resources Inc.: Significant New Mineralization Intersected Below Essakan Main Zone.
Orezone Resources Inc.: Drilling Intersects Significant Grades at Sega Project.
Orezone Resources Inc.: Potential to Expand at Bondi and Surrounding Area.
Median credit decision times.(businessBRIEFS)(Brief Article)(Illustration)
Orezone Resources Inc.: Drilling Identifies Another New Gold Zone at Sega.

Terms of use | Copyright © 2010 Farlex, Inc. | Feedback | For webmasters | Submit articles