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. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion