Orezone Gold Corporation

Orezone Gold Corporation

November 10, 2014 10:10 ET

Orezone Update on Operations in Burkina Faso

OTTAWA, ONTARIO--(Marketwired - Nov. 10, 2014) - Orezone Gold Corporation (TSX:ORE) is pleased to report that regular operations are progressively resuming in Burkina Faso. Normal office activities in Ouagadougou and Bomboré site environmental monitoring resumed on November 4 and November 6, respectively. Work is underway at the Bomboré field camp to fully assess the damages and clean up and repair broken windows and office furniture. No major items were materially affected such as the building structures, stored drill core, drilling equipment, generators and the fuel depot. Some members of the community living near the site, acted on their own, to defend the camp and prevented more extensive damage. The vandals consisted of artisanal miners who have been squatting in the area without ties to the local community. Our employees noted that several of these squatters have already left the project area to avoid prosecution by the local authorities for their actions.

We are thankful for the Nobsin villagers and the local police for their quick actions. The episode has further solidified an already favorable relationship with the local community and stakeholders that support the development of the project.

About Orezone Gold Corporation

Orezone is a Canadian company with a gold discovery track record of +12 Moz and recent mine development experience in Burkina Faso, West Africa. The Company owns a 100% interest in Bomboré, the largest undeveloped oxide gold deposit in West Africa. The Company is continuing with various technical studies in order to be in a position to complete a full feasibility study and an application for a mining permit in H1 2015.

FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this release include statements regarding, among others; completing the FS and applying for a mining permit by H1 2015.

FORWARD-LOOKING STATEMENTS are based on certain assumptions, 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 and geotechnical data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, the ability of contracted parties (including laboratories and drill companies to provide services as contracted); 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. Comparisons between any resource model and estimates with the subsequent drill results are preliminary in nature and should not be relied upon as potential qualified changes to any future resource updates or estimates.

Readers are advised that National Instrument 43101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. Readers should refer to the annual information form of Orezone for the year ended December 31, 2013 and other continuous disclosure documents filed by Orezone since January 1, 2014 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.

Contact Information

  • Orezone Gold Corporation
    (613) 241-3699 or Toll Free: (888) 673-0663