Orezone Resources Inc.
TSX : OZN
AMEX : OZN

Orezone Resources Inc.

February 21, 2007 08:45 ET

Orezone Drilling Expands Kossa South Zones

Intersects 11m of 3.9 g/t gold

OTTAWA, ONTARIO--(CCNMatthews - Feb. 21, 2007) - Orezone Resources Inc. (TSX:OZN)(AMEX:OZN) is pleased to report assay results from the second phase of drilling on the Company's 100 per cent owned Kossa permit in Niger, West Africa. The 2000km2 Kossa property is located immediately adjacent to the Orezone/Gold Fields Limited Essakane Project with the two properties being separated by the border between Burkina Faso and Niger. A total of 2,293 m of reverse circulation ("RC") drilling was performed along a 1,400m strike length of the Kossa South Target where most holes intersected gold mineralization under extensive sand cover.

The current interpretation suggests the presence of three separate and parallel mineralized horizons within a 100 m band along the NNW-trending contact between a mafic intrusive and overlying metasediments hosting the mineralization. From West to East, Zone 38 has only been intersected by a few holes north of section 1500N but several intersections returned significant grades up to 3 g/t. Zone 14 (the middle of the three zones) was the main target of the recent program and exhibits strong mineralization within 900m of the 1,400m trend between sections 1200N to 2100N. Zone 13 has only been intersected on a few sections but is generally weakly mineralized. The drilling program consists of holes drilled on 50m centers stepping out from previous positive results from the first phase of drilling. A complete table of results can be found at www.orezone.com/site/properties/kossasouthtable.asp

Summary of significant results from the Kossa South Prospect (Au greater than 0.5 g/t, greater than 3 m)



ZONE SECTION HOLE-ID FROM TO LENGTH(i) ASSAY COMMENTS
m m m Au g/t
---------------------------------------------------------------------
13 2100N KSC0021 6 9 3.0 1.97
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14 1850N KSC0044 24 27 3.0 2.21
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14 1800N KSC0043 27 31 4.0 1.21
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14 1600N KSC0039 29 33 4.0 3.07
14 1600N KSC0039 39 50 11.0 3.86
14 1600N KSC0049 16 23 7.0 1.72
38 1600N KSC0049 33 36 3.0 1.42
38 1600N KSC0050 70 77 7.0 2.32
---------------------------------------------------------------------
14 1550N KSC0038 33 37 4.0 1.32
38 1550N KSC0038 44 50 6.0 3.06
---------------------------------------------------------------------
14 1525N KSC0033 28 42 14.0 3.79 Previous
result
14 1525N KSC0035 59 73 14.0 2.27
---------------------------------------------------------------------
14 1500N KSC0014 24 30 6.0 1.34 Previous
result
14 1500N KSC0036 50 58 8.0 3.83
---------------------------------------------------------------------
14 1475N KSC0032 20 33 13.0 2.43 Previous
result
14 1475N KSC0034 58 61 3.0 1.19
---------------------------------------------------------------------
14 1250N KSC0055 71 77 6.0 2.07
---------------------------------------------------------------------
14 1200N KSC0056 53 56 3.0 1.23
14 1200N KSC0056 58 68 10.0 2.81
---------------------------------------------------------------------
14 0800N KSC0064 80 86 6.0 1.21

(i) Note: lengths are down hole lengths with true widths expected to
be about 70% of this.


Based on these positive results which occur along a 5 km strong geophysical trend the Company is currently preparing an immediate follow-up program of 1,600 m of RC drilling to further test the multiple zones and expand the trend of the mineralization.

Mr. Ron Little, President & CEO stated: "These results are very encouraging in that in that the structural setting is very similar to what is typical of the Essakane Project. The next round of drilling will be focused on testing the widths and limits of the zone in order to make a decision on resource drilling."

The latest results are part of an ongoing $2.5 million exploration program in Niger covering the Kossa permit and the Namaga and Koyria permits optioned from Greencastle Resources. Results are expected shortly in regards to the other two permits. Sample turn around at the assay labs has been steadily improving and is less than 25 days.

Drilling on the Kossa property was supervised by Dr. Pascal Marquis, VP Exploration and P.Geo., who is a Qualified Person under National Instrument 43-101 and has reviewed and approved the technical information in this release. Samples were collected at a minimum of every 1m down the hole and analyzed using a 2kg bottle roll cyanide leach at the Abilab Laboratory in Ouagadougou, Burkina Faso, an internationally recognized laboratory. A minimum of 10% of the samples are for QA/QC, which includes random head assays, duplicates, standards and blanks, as well as tail assays on samples that returned at least 0.5g/t.

Orezone is an emerging gold producer that has an exploration permit for Essakane, the largest gold deposit in Burkina Faso, West Africa where partner Gold Fields Limited is earning a 60 per cent interest by completing a bankable feasibility study. Orezone also has a pipeline of promising projects, all located in politically stable areas of West Africa which is 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.

Contact Information

  • Orezone Resources Inc.
    Ron Little
    President & CEO
    613-241-3699
    Toll Free: (888) ore-zone (673-0663)
    rlittle@orezone.com
    or
    Orezone Resources Inc.
    Niel Marotta
    V.P. Corporate Development
    613-241-3699
    Toll Free: (888) ore-zone (673-0663)
    nmarotta@orezone.com