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	<title>Orezone Gold Corporation</title>
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	<description>Expanding Through Proven Resource Growth</description>
	<pubDate>Thu, 29 Jul 2010 14:40:39 +0000</pubDate>
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		<title>Continued Success at Bomboré</title>
		<link>http://www.orezone.com/?p=1098</link>
		<comments>http://www.orezone.com/?p=1098#comments</comments>
		<pubDate>Wed, 28 Jul 2010 13:07:13 +0000</pubDate>
		<dc:creator>Stephanie Traun</dc:creator>
		
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		<description><![CDATA[Final drill results confirm a 1.6km Southern Extension that includes 
37m at 1.09 g/t 
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Orezone Gold Corporation ( ORE : TSX ) is pleased to announce its fifth and final batch of positive results from an infill and resource expansion drill program at its Bomboré Gold Project in Burkina Faso, West Africa.  These results are for the [...]]]></description>
			<content:encoded><![CDATA[<h2><em>Final drill results confirm a 1.6km Southern Extension that includes </em></h2>
<h2><em>37m at 1.09 g/t </em></h2>
<p style="TEXT-ALIGN: left"><a href="http://www.orezone.com/wp-content/uploads/2010/07/continued-success-at-bombore-july-28-2010-pr3.pdf" target="_blank">Download PDF</a></p>
<p style="text-align: justify;"><strong>Orezone Gold Corporation ( ORE : TSX )</strong> is pleased to announce its fifth and final batch of positive results from an infill and resource expansion drill program at its Bomboré Gold Project in Burkina Faso, West Africa.  These results are for the last 165 holes from the 619-hole RC program and include scout drilling results from the new Siga South target.  The goal of the 42,500m RC drill program is to upgrade and expand the current near surface oxide resources in Q3, providing the foundation for a preliminary economic assessment to be released in Q4.</p>
<p style="text-align: justify;">The Bomboré project consists of several deposits along a 9km trend, with an additional 2.5km of possible extension recently identified and drill tested.  Results in this release include the final infill holes in the P11, Siga East and Siga West deposits, as well as the results from the new Siga South target. The latest infill drill hole results from the P11, Siga East and Siga West deposits are broadly in line with the current resource model, including those areas where better than average grade was expected.  <strong>The limited scout drilling between the Siga West and Siga East deposits returned some very positive results and significant mineralization was intersected on all of the eight 200 meter-spaced Siga South drill sections.</strong>    </p>
<p style="text-align: justify;"><strong>“The latest results from the P11, Siga East and Siga West deposits continue to indicate an improved continuity from section to section in the higher grade areas and the Siga South discovery appears to be an extension of the Siga West deposit adding an additional 1.6km of strike length that still remains open to the south and to the west,”</strong> said Pascal Marquis, V.P. Exploration for Orezone.  All of these factors will contribute to improving the project economics in the preliminary assessment.  A <a href="http://www.orezone.com/wp-content/uploads/2010/07/pr-2010-07-28_final-table1.pdf" target="_blank">complete table</a> of results can be found on the Orezone website.  Please note that a complete statistical analysis of the results has not yet been completed. </p>
<p><strong><span style="text-decoration: underline;">Table 1 Highlights from recent Bomboré Infill and Expansion RC Drilling</span></strong></p>
<div><strong></strong></div>
<table border="0" cellspacing="0" cellpadding="0" width="571">
<colgroup span="1"><col span="5" width="64"></col><col span="1" width="68"></col><col span="1" width="60"></col><col span="1" width="123"></col></colgroup>
<tbody>
<tr height="7">
<td style="text-align: left;" width="64" height="20"><strong>Prospect</strong></td>
<td style="text-align: left;" width="64"><strong>Section</strong></td>
<td style="text-align: left;" width="64"><strong>Hole-ID</strong></td>
<td style="text-align: center;" width="64"><strong>From (m)</strong></td>
<td style="text-align: center;" width="64"><strong>To (m)</strong></td>
<td style="text-align: center;" width="68"><strong>Length (m)</strong></td>
<td style="text-align: center;" width="60"><strong>Au g/t</strong></td>
<td style="text-align: center;" width="123"><strong>Comment</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>Siga E</strong></td>
<td><strong>12900</strong></td>
<td><strong>BBC1095</strong></td>
<td style="text-align: center;"><strong>27.00</strong></td>
<td style="text-align: center;"><strong>42.00</strong></td>
<td style="text-align: center;"><strong>15.00</strong></td>
<td style="text-align: center;"><strong>2.469</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga E</strong></td>
<td><strong>12350</strong></td>
<td><strong>BBC1096</strong></td>
<td style="text-align: center;"><strong>23.00</strong></td>
<td style="text-align: center;"><strong>31.00</strong></td>
<td style="text-align: center;"><strong>8.00</strong></td>
<td style="text-align: center;"><strong>1.278</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga E</strong></td>
<td><strong>12150</strong></td>
<td><strong>BBC1099</strong></td>
<td style="text-align: center;"><strong>5.00</strong></td>
<td style="text-align: center;"><strong>24.00</strong></td>
<td style="text-align: center;"><strong>19.00</strong></td>
<td style="text-align: center;"><strong>2.041</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga E</strong></td>
<td><strong>12150</strong></td>
<td><strong>BBC1099</strong></td>
<td style="text-align: center;"><strong>46.00</strong></td>
<td style="text-align: center;"><strong>61.00</strong></td>
<td style="text-align: center;"><strong>15.00</strong></td>
<td style="text-align: center;"><strong>0.949</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga E</strong></td>
<td><strong>12150</strong></td>
<td><strong>BBC1099</strong></td>
<td style="text-align: center;"><strong>64.00</strong></td>
<td style="text-align: center;"><strong>72.00</strong></td>
<td style="text-align: center;"><strong>8.00</strong></td>
<td style="text-align: center;"><strong>1.691</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga E</strong></td>
<td><strong>12150</strong></td>
<td><strong>BBC1100</strong></td>
<td style="text-align: center;"><strong>59.00</strong></td>
<td style="text-align: center;"><strong>68.00</strong></td>
<td style="text-align: center;"><strong>9.00</strong></td>
<td style="text-align: center;"><strong>1.678</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga E</strong></td>
<td><strong>12100</strong></td>
<td style="text-align: center;"><strong>BBC1106</strong></td>
<td style="text-align: center;"><strong>13.00</strong></td>
<td style="text-align: center;"><strong>34.00</strong></td>
<td style="text-align: center;"><strong>21.00</strong></td>
<td style="text-align: center;"><strong>0.552</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga W</strong></td>
<td><strong>11550</strong></td>
<td><strong>BBC1142</strong></td>
<td style="text-align: center;"><strong>21.00</strong></td>
<td style="text-align: center;"><strong>44.00</strong></td>
<td style="text-align: center;"><strong>23.00</strong></td>
<td style="text-align: center;"><strong>0.843</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga W</strong></td>
<td><strong>12950</strong></td>
<td><strong>BBC1147</strong></td>
<td style="text-align: center;"><strong>13.00</strong></td>
<td style="text-align: center;"><strong>23.00</strong></td>
<td style="text-align: center;"><strong>10.00</strong></td>
<td style="text-align: center;"><strong>2.378</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga W</strong></td>
<td><strong>12900</strong></td>
<td><strong>BBC1150</strong></td>
<td style="text-align: center;"><strong>2.00</strong></td>
<td style="text-align: center;"><strong>19.00</strong></td>
<td style="text-align: center;"><strong>17.00</strong></td>
<td style="text-align: center;"><strong>0.689</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga W</strong></td>
<td><strong>12550</strong></td>
<td style="text-align: left;"><strong>BBC1154</strong></td>
<td style="text-align: center;"><strong>6.00</strong></td>
<td style="text-align: center;"><strong>20.00</strong></td>
<td style="text-align: center;"><strong>14.00</strong></td>
<td style="text-align: center;"><strong>0.818</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga W</strong></td>
<td><strong>12150</strong></td>
<td><strong>BBC1166</strong></td>
<td style="text-align: center;"><strong>3.00</strong></td>
<td style="text-align: center;"><strong>13.00</strong></td>
<td style="text-align: center;"><strong>10.00</strong></td>
<td style="text-align: center;"><strong>2.561</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga W</strong></td>
<td><strong>12050</strong></td>
<td><strong>BBC1169</strong></td>
<td style="text-align: center;"><strong>37.00</strong></td>
<td style="text-align: center;"><strong>54.00</strong></td>
<td style="text-align: center;"><strong>17.00</strong></td>
<td style="text-align: center;"><strong>0.77</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga W</strong></td>
<td><strong>11950</strong></td>
<td><strong>BBC1171</strong></td>
<td style="text-align: center;"><strong>2.00</strong></td>
<td style="text-align: center;"><strong>54.00</strong></td>
<td style="text-align: center;"><strong>52.00</strong></td>
<td style="text-align: center;"><strong>0.733</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga W</strong></td>
<td><strong>11750</strong></td>
<td><strong>BBC1178</strong></td>
<td style="text-align: center;"><strong>14.00</strong></td>
<td style="text-align: center;"><strong>27.00</strong></td>
<td style="text-align: center;"><strong>13.00</strong></td>
<td style="text-align: center;"><strong>0.952</strong></td>
<td style="text-align: left;">Infill</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga W</strong></td>
<td><strong>11400</strong></td>
<td><strong>BBC1192</strong></td>
<td style="text-align: center;"><strong>22.00</strong></td>
<td style="text-align: center;"><strong>42.00</strong></td>
<td style="text-align: center;"><strong>20.00</strong></td>
<td style="text-align: center;"><strong>0.629</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga W</strong></td>
<td><strong>11400</strong></td>
<td><strong>BBC1194</strong></td>
<td style="text-align: center;"><strong>18.00</strong></td>
<td style="text-align: center;"><strong>31.00</strong></td>
<td style="text-align: center;"><strong>13.00</strong></td>
<td style="text-align: center;"><strong>1.219</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga S</strong></td>
<td><strong>10600</strong></td>
<td style="text-align: left;"><strong>BBC1212</strong></td>
<td style="text-align: center;"><strong>0.00</strong></td>
<td style="text-align: center;"><strong>28.00</strong></td>
<td style="text-align: center;"><strong>28.00</strong></td>
<td style="text-align: center;"><strong>0.897</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga S</strong></td>
<td><strong>10600</strong></td>
<td><strong>BBC1213</strong></td>
<td style="text-align: center;"><strong>25.00</strong></td>
<td style="text-align: center;"><strong>56.00</strong></td>
<td style="text-align: center;"><strong>31.00</strong></td>
<td style="text-align: center;"><strong>0.719</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga S</strong></td>
<td><strong>10600</strong></td>
<td><strong>BBC1214</strong></td>
<td style="text-align: center;"><strong>39.00</strong></td>
<td style="text-align: center;"><strong>46.00</strong></td>
<td style="text-align: center;"><strong>7.00</strong></td>
<td style="text-align: center;"><strong>1.61</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga S</strong></td>
<td><strong>10600</strong></td>
<td><strong>BBC1222</strong></td>
<td style="text-align: center;"><strong>15.00</strong></td>
<td style="text-align: center;"><strong>25.00</strong></td>
<td style="text-align: center;"><strong>10.00</strong></td>
<td style="text-align: center;"><strong>1.004</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga S</strong></td>
<td><strong>10400</strong></td>
<td><strong>BBC1226</strong></td>
<td style="text-align: center;"><strong>21.00</strong></td>
<td style="text-align: center;"><strong>34.00</strong></td>
<td style="text-align: center;"><strong>13.00</strong></td>
<td style="text-align: center;"><strong>1.642</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga S</strong></td>
<td><strong>10200</strong></td>
<td><strong>BBC1239</strong></td>
<td style="text-align: center;"><strong>1.00</strong></td>
<td style="text-align: center;"><strong>38.00</strong></td>
<td style="text-align: center;"><strong>37.00</strong></td>
<td style="text-align: center;"><strong>1.087</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga S</strong></td>
<td><strong>10200</strong></td>
<td><strong>BBC1240</strong></td>
<td style="text-align: center;"><strong>9.00</strong></td>
<td style="text-align: center;"><strong>47.00</strong></td>
<td style="text-align: center;"><strong>38.00</strong></td>
<td style="text-align: center;"><strong>0.584</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga S</strong></td>
<td><strong>10000</strong></td>
<td><strong>BBC1252</strong></td>
<td style="text-align: center;"><strong>0.00</strong></td>
<td style="text-align: center;"><strong>28.00</strong></td>
<td style="text-align: center;"><strong>28.00</strong></td>
<td style="text-align: center;"><strong>0.563</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga S</strong></td>
<td><strong>9800</strong></td>
<td><strong>BBC1256</strong></td>
<td style="text-align: center;"><strong>4.00</strong></td>
<td style="text-align: center;"><strong>23.00</strong></td>
<td style="text-align: center;"><strong>19.00</strong></td>
<td style="text-align: center;"><strong>0.545</strong></td>
<td>Resource expansion</td>
</tr>
<tr height="7">
<td height="7"><strong>Siga S</strong></td>
<td><strong>9800</strong></td>
<td style="text-align: left;"><strong>BBC1256</strong></td>
<td style="text-align: center;"><strong>26.00</strong></td>
<td style="text-align: center;"><strong>50.00</strong></td>
<td style="text-align: center;"><strong>24.00</strong></td>
<td style="text-align: center;"><strong>0.532</strong></td>
<td>Resource expansion</td>
</tr>
</tbody>
</table>
<p><em>The RC drilling samples were divided by Orezone employees using Rotary Sample Dividers (RSDs). A 2kg split was prepared by Abilab Burkina s.a.r.l. (a subsidiary of ALS-Chemex) and SGS Burkina Faso s.a.r.l., and then split by Orezone to 1kg using RSDs. A 1kg aliquot was analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by bottle-roll cyanidation using a LeachWellTM catalyst. Orezone employs a rigorous Quality Control Program (QCP) including a minimum of 15% standards, blanks and duplicates. The true widths are approximately 70-75% of the interval length. This program was executed under the supervision of Dr. Pascal Marquis, V.P. Exploration for Orezone, who is a Qualified Person under National Instrument 43-101 and approved the technical information in this release.</em></p>
<p style="text-align: justify;"><strong>The Bomboré Project</strong> is located 85km east of the capital city of Ouagadougou along a major national highway.  The deposit has a total Indicated resource of 0.93Moz (contained in 49.4Mt at a grade of 0.59g/t) and an Inferred resource of 1.78Moz (contained within 91.8Mt at a grade of 0.61g/t).  <strong>The grade of the resource is based on approximately 65,000 assay results, including about 44,000 assays from bottle-roll cyanidation extraction (not a complete extraction), therefore understating the <em>in-situ</em> grade of the resource.</strong>  Approximately one half of the current resource is oxidized and occurs essentially within 50m from surface.  The above mentioned drill programs are designed to upgrade and expand the oxidized resource in order to complete a preliminary assessment for a heap leach operation.  Detailed metallurgical results to date are quite favorable for this type of deposit indicating heap leach recoveries of 80% with 0.27kg/t of cyanide and 6kg/t of cement consumption on average.  The topography, drainage and rainfall are suitable to construct a large water reservoir without negatively impacting downstream users.  The project footprint is in an area of low population density and an international power grid is expected to be constructed in the near future.  These infrastructure advantages will translate into reduced project development and operating costs.</p>
<p style="text-align: justify;">Orezone is a gold exploration and development company with more than 15 years experience in West Africa, one of the world’s fastest growing gold producing regions.  Orezone delineated, permitted, and developed Burkina Faso’s largest gold deposit (Essakane) before it was bought by IAMGOLD in a transaction worth approximately $350M.  Orezone continues to focus on developing the rest of its pipeline of advanced gold projects including Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.  Orezone’s mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.</p>
<h2 style="text-align: justify;">For further information please contact Orezone at (613) 241-3699 or Toll Free (888) 673-0663             </h2>
<p style="text-align: justify;">Ron Little, CEO, <a href="mailto:rlittle@orezone.com">rlittle@orezone.com</a>   Pascal Marquis, VP Exploration, <a href="mailto:pmarquis@orezone.com">pmarquis@orezone.com</a></p>
<p style="text-align: justify;"><em>FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain &#8220;forward-looking statements&#8221; within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;anticipate&#8221;, &#8220;estimate&#8221; and other similar words, or statements that certain events or conditions &#8220;may&#8221; or &#8220;will&#8221; occur.  </em></p>
<p style="text-align: justify;"><em>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&#8217;s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.</em></p>
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		</item>
		<item>
		<title>Fourth Round of Positive Drill Results at Bomboré</title>
		<link>http://www.orezone.com/?p=1070</link>
		<comments>http://www.orezone.com/?p=1070#comments</comments>
		<pubDate>Tue, 06 Jul 2010 12:42:58 +0000</pubDate>
		<dc:creator>Stephanie Traun</dc:creator>
		
		<category><![CDATA[Bomboré]]></category>

		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.orezone.com/?p=1070</guid>
		<description><![CDATA[Highlights include 20m at 1.52 g/t, 13m at 1.79 g/t and 7m at 6.32 g/t
Download PDF
Orezone Gold Corporation ( ORE : TSX ) is pleased to announce its fourth consecutive batch of positive results from an infill and resource expansion drill program at its Bomboré Gold Project in Burkina Faso, West Africa.  Results include 139 holes, or 457 to date [...]]]></description>
			<content:encoded><![CDATA[<h2><em>Highlights include 20m at 1.52 g/t, 13m at 1.79 g/t and 7m at 6.32 g/t</em></h2>
<p style="TEXT-ALIGN: left"><a href="http://www.orezone.com/wp-content/uploads/2010/07/pr_bombore_p8p9_p11-july-2010-v8final.pdf" target="_blank">Download PDF</a></p>
<p style="text-align: justify;"><strong>Orezone Gold Corporation ( ORE : TSX )</strong> is pleased to announce its fourth consecutive batch of positive results from an infill and resource expansion drill program at its Bomboré Gold Project in Burkina Faso, West Africa.  Results include 139 holes, or 457 to date out of 619 holes.  The goal of the 42,500m RC drill program is to upgrade and expand the current near surface oxide resources in Q3 to provide the foundation for a preliminary economic assessment to be released in Q4.  </p>
<p style="text-align: justify;">The Bomboré project consists of several deposits along a 9km trend, with an additional 2.5km of possible extension recently identified and drill tested.  Results in this release include the final infill holes in the P8P9 deposit and about 85% of the holes drilled at the P11 deposit. The drill program was completed on April 30th and approximately 80% of the samples have been analyzed to date.  The latest infill drill hole results from the P8P9 and P11 deposits are broadly in line with the current resource model, including those areas where better than average grade was expected.  Partial scout drilling results of the 1km gap between the P8P9 and P11 deposits suggest that the zone is narrow and lower grade than the average resource grade of both deposits.  The remaining results are expected in July.    </p>
<p style="text-align: justify;"><strong>“The latest results from the P8P9 deposit continue to indicate an improved continuity from section to section in the higher grade areas,”</strong> said Pascal Marquis, V.P. Exploration for Orezone.  All of these attributes will contribute to improving the project economics in the preliminary assessment.  A <a href="http://www.orezone.com/wp-content/uploads/2010/07/pr-2010-07-table-v2.pdf" target="_blank">complete table</a> of results can be found on the Orezone website.  Please note that a complete statistical analysis of the results has not yet been completed. </p>
<p><strong><span style="text-decoration: underline;">Table 1 Highlights from recent Bomboré Infill and Expansion RC Drilling</span></strong></p>
<table border="0" cellspacing="0" cellpadding="0" width="535">
<colgroup span="1"><col span="1" width="86"></col><col span="1" width="75"></col><col span="1" width="87"></col><col span="1" width="78"></col><col span="1" width="71"></col><col span="1" width="74"></col><col span="1" width="64"></col></colgroup>
<tbody>
<tr height="7">
<td width="86" height="7"><strong>Prospect</strong></td>
<td width="75"><strong>Section</strong></td>
<td width="87"><strong>Hole-ID</strong></td>
<td style="TEXT-ALIGN: center" width="78"><strong>From (m)</strong></td>
<td style="TEXT-ALIGN: center" width="71"><strong>To (m)</strong></td>
<td style="TEXT-ALIGN: center" width="74"><strong>Length (m)</strong></td>
<td style="TEXT-ALIGN: center" width="64"><strong>Au g/t</strong></td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1850</td>
<td>BBC0948</td>
<td style="TEXT-ALIGN: center">43.00</td>
<td style="TEXT-ALIGN: center">58.00</td>
<td style="TEXT-ALIGN: center">15.00</td>
<td style="TEXT-ALIGN: center">0.78</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1950</td>
<td>BBC0950</td>
<td style="TEXT-ALIGN: center">16.00</td>
<td style="TEXT-ALIGN: center">31.00</td>
<td style="TEXT-ALIGN: center">15.00</td>
<td style="TEXT-ALIGN: center">0.84</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>2350</td>
<td>BBC0962</td>
<td style="TEXT-ALIGN: center">33.00</td>
<td style="TEXT-ALIGN: center">41.00</td>
<td style="TEXT-ALIGN: center">8.00</td>
<td style="TEXT-ALIGN: center">2.53</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>2075</td>
<td style="text-align: left;">BBC0963</td>
<td style="text-align: center;">0.00</td>
<td style="text-align: center;">9.00</td>
<td style="text-align: center;">9.00</td>
<td style="text-align: center;">1.47</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>2075</td>
<td>BBC0964</td>
<td style="text-align: center;">38.00</td>
<td style="text-align: center;">54.00</td>
<td style="text-align: center;">16.00</td>
<td style="text-align: center;">0.81</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>2025</td>
<td>BBC0966</td>
<td style="text-align: center;">31.00</td>
<td style="text-align: center;">44.00</td>
<td style="text-align: center;">13.00</td>
<td style="text-align: center;">0.94</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1725</td>
<td>BBC0979</td>
<td style="text-align: center;">15.00</td>
<td style="text-align: center;">27.00</td>
<td style="text-align: center;">12.00</td>
<td style="text-align: center;">1.57</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1725</td>
<td>BBC0980</td>
<td style="text-align: center;">19.00</td>
<td style="text-align: center;">39.00</td>
<td style="text-align: center;">20.00</td>
<td style="text-align: center;">1.52</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1725</td>
<td>BBC0980</td>
<td style="text-align: center;">44.00</td>
<td style="text-align: center;">52.00</td>
<td style="text-align: center;">8.00</td>
<td style="text-align: center;">2.62</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1725</td>
<td>BBC0981</td>
<td style="text-align: center;">0.00</td>
<td style="text-align: center;">13.00</td>
<td style="text-align: center;">13.00</td>
<td style="text-align: center;">0.93</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1725</td>
<td>BBC0981</td>
<td style="text-align: center;">32.00</td>
<td style="text-align: center;">49.00</td>
<td style="text-align: center;">17.00</td>
<td style="text-align: center;">0.69</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1725</td>
<td>BBC0982</td>
<td style="text-align: center;">40.00</td>
<td style="text-align: center;">48.00</td>
<td style="text-align: center;">8.00</td>
<td style="text-align: center;">1.91</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1725</td>
<td>BBC0983</td>
<td style="text-align: center;">29.00</td>
<td style="text-align: center;">78.00</td>
<td style="text-align: center;">49.00</td>
<td style="text-align: center;">0.77</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1275</td>
<td>BBC0987</td>
<td style="text-align: center;">4.00</td>
<td style="text-align: center;">26.00</td>
<td style="text-align: center;">22.00</td>
<td style="text-align: center;">0.8</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1425</td>
<td style="text-align: left;">BBC0991</td>
<td style="text-align: center;">4.00</td>
<td style="text-align: center;">28.00</td>
<td style="text-align: center;">24.00</td>
<td style="text-align: center;">0.78</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1425</td>
<td>BBC0991</td>
<td style="text-align: center;">44.00</td>
<td style="text-align: center;">76.00</td>
<td style="text-align: center;">32.00</td>
<td style="text-align: center;">0.73</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1100</td>
<td>BBC0994</td>
<td style="text-align: center;">43.00</td>
<td style="text-align: center;">74.00</td>
<td style="text-align: center;">31.00</td>
<td style="text-align: center;">0.72</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1475</td>
<td>BBC0998</td>
<td style="text-align: center;">26.00</td>
<td style="text-align: center;">42.00</td>
<td style="text-align: center;">16.00</td>
<td style="text-align: center;">1.1</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1650</td>
<td>BBC0999</td>
<td style="text-align: center;">0.00</td>
<td style="text-align: center;">21.00</td>
<td style="text-align: center;">21.00</td>
<td style="text-align: center;">0.64</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>975</td>
<td>BBC1001</td>
<td style="text-align: center;">0.00</td>
<td style="text-align: center;">52.00</td>
<td style="text-align: center;">52.00</td>
<td style="text-align: center;">0.53</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>775</td>
<td>BBC1004</td>
<td style="text-align: center;">2.00</td>
<td style="text-align: center;">9.00</td>
<td style="text-align: center;">7.00</td>
<td style="text-align: center;">6.32</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>775</td>
<td style="text-align: left;">BBC1004</td>
<td style="text-align: center;">32.00</td>
<td style="text-align: center;">55.00</td>
<td style="text-align: center;">23.00</td>
<td style="text-align: center;">0.73</td>
</tr>
<tr height="7">
<td height="7">P11</td>
<td>48900</td>
<td>BBC1041</td>
<td style="text-align: center;">15.00</td>
<td style="text-align: center;">28.00</td>
<td style="text-align: center;">13.00</td>
<td style="text-align: center;">1.79</td>
</tr>
<tr height="7">
<td height="7">P11</td>
<td>48650</td>
<td style="text-align: left;">BBC1053</td>
<td style="text-align: center;">1.00</td>
<td style="text-align: center;">27.00</td>
<td style="text-align: center;">26.00</td>
<td style="text-align: center;">0.68</td>
</tr>
<tr height="7">
<td height="7">P11</td>
<td>48600</td>
<td style="text-align: left;">BBC1059</td>
<td style="text-align: center;">7.00</td>
<td style="text-align: center;">23.00</td>
<td style="text-align: center;">16.00</td>
<td style="text-align: center;">0.71</td>
</tr>
<tr height="7">
<td height="7">P11</td>
<td>48550</td>
<td>BBC1061</td>
<td style="text-align: center;">0.00</td>
<td style="text-align: center;">6.00</td>
<td style="text-align: center;">6.00</td>
<td style="text-align: center;">5.8</td>
</tr>
<tr height="7">
<td height="7">P11</td>
<td>48550</td>
<td style="text-align: left;">BBC1063</td>
<td style="text-align: center;">8.00</td>
<td style="text-align: center;">22.00</td>
<td style="text-align: center;">14.00</td>
<td style="text-align: center;">1.4</td>
</tr>
<tr height="7">
<td height="7">P11</td>
<td>48550</td>
<td>BBC1064</td>
<td style="text-align: center;">25.00</td>
<td style="text-align: center;">48.00</td>
<td style="text-align: center;">23.00</td>
<td style="text-align: center;">0.95</td>
</tr>
<tr height="7">
<td height="7">P11</td>
<td>48400</td>
<td>BBC1074</td>
<td style="text-align: center;">6.00</td>
<td style="text-align: center;">29.00</td>
<td style="text-align: center;">23.00</td>
<td style="text-align: center;">0.61</td>
</tr>
<tr height="7">
<td height="7">P11</td>
<td>48300</td>
<td>BBC1080</td>
<td style="text-align: center;">30.00</td>
<td style="text-align: center;">36.00</td>
<td style="text-align: center;">6.00</td>
<td style="text-align: center;">1.83</td>
</tr>
<tr height="7">
<td height="7">Siga E</td>
<td>12750</td>
<td>BBC1089</td>
<td style="text-align: center;">14.00</td>
<td style="text-align: center;">33.00</td>
<td style="text-align: center;">19.00</td>
<td style="text-align: center;">0.68</td>
</tr>
<tr height="7">
<td style="TEXT-ALIGN: left" height="7">Siga E</td>
<td style="TEXT-ALIGN: left">12650</td>
<td style="TEXT-ALIGN: left">BBC1090</td>
<td style="text-align: center;">28.00</td>
<td style="text-align: center;">35.00</td>
<td style="text-align: center;">7.00</td>
<td style="text-align: center;">1.87</td>
</tr>
<tr height="7">
<td style="TEXT-ALIGN: left" height="7">Siga E</td>
<td style="TEXT-ALIGN: left">12075</td>
<td style="TEXT-ALIGN: left">BBC1124</td>
<td style="text-align: center;">44.00</td>
<td style="text-align: center;">62.00</td>
<td style="text-align: center;">18.00</td>
<td style="text-align: center;">0.75</td>
</tr>
</tbody>
</table>
<p style="text-align: justify;"><em>The RC drilling samples were divided by Orezone employees using Rotary Sample Dividers (RSDs). A 2kg split was prepared by Abilab Burkina s.a.r.l. (a subsidiary of ALS-Chemex) and SGS Burkina Faso s.a.r.l., and then split by Orezone to 1kg using RSDs. A 1kg aliquot was analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by bottle-roll cyanidation using a LeachWellTM catalyst. Orezone employs a rigorous Quality Control Program (QCP) including a minimum of 15% standards, blanks and duplicates. This program was executed under the supervision of Dr. Pascal Marquis, V.P. Exploration for Orezone, who is a Qualified Person under National Instrument 43-101 and approved the technical information in this release.</em></p>
<p style="text-align: justify;"><strong>The Bomboré Project</strong> is located 85km east of the capital city of Ouagadougou along a major national highway.  The deposit has a total Indicated resource of 0.93Moz (contained in 49.4Mt at a grade of 0.59g/t) and an Inferred resource of 1.78Moz (contained within 91.8Mt at a grade of 0.61g/t).  <strong>The grade of the resource is based on approximately 65,000 assay results, including about 44,000 assays from bottle-roll cyanidation extraction (not a complete extraction), therefore understating the in-situ grade of the resource.</strong>  Approximately one half of the current resource is oxidized and occurs essentially within 50m from surface.  The above mentioned drill programs are designed to upgrade and expand the oxidized resource in order to complete a preliminary assessment for a heap leach operation.  Detailed metallurgical results to date are quite favorable for this type of deposit indicating heap leach recoveries of 80% with 0.27kg/t of cyanide and 6kg/t of cement consumption on average.  The topography, drainage and rainfall are suitable to construct a large water reservoir without negatively impacting downstream users.  The project footprint is in an area of low population density and an international power grid is expected to be constructed in the near future.  These infrastructure advantages will translate into reduced project development and operating costs.</p>
<p style="text-align: justify;">Orezone is a gold exploration and development company with more than 15 years experience in West Africa, one of the world’s fastest growing gold producing regions.  Orezone delineated, permitted, and developed Burkina Faso’s largest gold deposit (Essakane) before it was bought by IAMGOLD in a transaction worth approximately $350M.  Orezone continues to focus on developing the rest of its pipeline of advanced gold projects including Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.  Orezone’s mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.</p>
<h2 style="text-align: justify;">For further information please contact Orezone at     (613) 241-3699     or Toll Free     (888) 673-0663    </h2>
<p style="text-align: justify;">Ron Little, CEO, <a href="mailto:rlittle@orezone.com">rlittle@orezone.com</a>   Pascal Marquis, VP Exploration, <a href="mailto:pmarquis@orezone.com">pmarquis@orezone.com</a></p>
<p style="text-align: justify;"><em>FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain &#8220;forward-looking statements&#8221; within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;anticipate&#8221;, &#8220;estimate&#8221; and other similar words, or statements that certain events or conditions &#8220;may&#8221; or &#8220;will&#8221; occur.  </em></p>
<p style="text-align: justify;"><em>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&#8217;s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.</em></p>
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		<item>
		<title>Orezone Arranges C$5M Private Placement for Brighton Energy</title>
		<link>http://www.orezone.com/?p=1029</link>
		<comments>http://www.orezone.com/?p=1029#comments</comments>
		<pubDate>Wed, 23 Jun 2010 13:09:20 +0000</pubDate>
		<dc:creator>Stephanie Traun</dc:creator>
		
		<category><![CDATA[Corporate]]></category>

		<category><![CDATA[Uranium - Niger]]></category>

		<guid isPermaLink="false">http://www.orezone.com/?p=1029</guid>
		<description><![CDATA[Orezone consolidates its interest in Brighton Energy

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Orezone Gold Corporation ( ORE : TSX ) is pleased to announce that it has arranged a non-brokered private placement financing of C$5M for Brighton Energy (“Brighton”) through Brighton’s subsidiary Niger Resources Inc. (“Niger”).  Under the terms of the placement, 5 million ordinary common shares of Niger will [...]]]></description>
			<content:encoded><![CDATA[<h2><em>Orezone consolidates its interest in Brighton Energy<br />
</em></h2>
<p style="TEXT-ALIGN: left"><a href="http://www.orezone.com/wp-content/uploads/2010/06/private-placement-june-23-v1-6-final.pdf" target="_blank">Download PDF</a></p>
<p style="text-align: justify;"><strong>Orezone Gold Corporation ( ORE : TSX )</strong> is pleased to announce that it has arranged a non-brokered private placement financing of C$5M for Brighton Energy (“Brighton”) through Brighton’s subsidiary Niger Resources Inc. (“Niger”).  Under the terms of the placement, 5 million ordinary common shares of Niger will be issued at C$1/share.  No commissions or finder’s fees have been paid in connection with the placement.  All subscription agreements have been completed and the clearance of all funds and share certificate issuance is expected before June 30, 2010.  The proceeds of the private placement will be used to commence exploration work on the company’s uranium permits in Niger including the establishment of field offices, airborne geophysical surveys, target generation and subsequent drill testing of priority targets.</p>
<p style="text-align: justify;">Orezone  is also pleased to announce that its wholly owned uranium subsidiary has entered into a binding agreement to purchase all of the outstanding common shares of Niger currently held by North Atlantic Resources Inc. (NAC-V) for C$1M.  The transaction is subject to certain closing conditions and is expected to be completed on or before September 9, 2010.  Upon completion of the transaction and the financing, Orezone will indirectly own 66.6% of the shares of Niger. </p>
<p style="text-align: justify;">“We are very pleased to secure this financing and consolidate our ownership in Brighton to the benefit of all Orezone and Brighton stakeholders”, said Ron Little, President and CEO for Orezone.  “Brighton is well funded and well positioned in this prolific region”.  Brighton plans to conclude an IPO by Q2 2011 after spending a minimum of C$3M in exploration expenditures.</p>
<p style="text-align: justify;">Brighton, through its Niger subsidiary, is a uranium focused explorer with title to 4,000 km² of well located and prospective ground. The area contains key geological structures and favorable rocks that are known to host or control the mineralization at producing uranium mines in the region (<a href="http://www.orezone.com/wp-content/uploads/2009/03/pr-brigthon-fig1-2010-02-17.jpg" target="_blank">Location Map</a>). The basin currently ranks as the sixth largest uranium producing area in the world and is expected to become the second largest by 2013 with production from Areva and China Nuclear.  Even with the increased production profile the area remains largely under-explored.</p>
<p style="text-align: justify;">Orezone is a gold exploration and development company with more than 15 years experience in West Africa, one of the world’s fastest growing gold producing regions.  Orezone delineated, permitted, and developed Burkina Faso’s largest gold deposit (Essakane) before it was bought by IAMGOLD in a transaction worth approximately C$350M.  Orezone continues to focus on developing the rest of its pipeline of advanced gold projects including Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.  Orezone’s mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.</p>
<h2 style="text-align: justify;">For further information please contact Orezone at (613) 241-3699 or Toll Free (888) 673-0663 </h2>
<p style="text-align: justify;">Ron Little, CEO, <a href="mailto:rlittle@orezone.com">rlittle@orezone.com</a>       Sean Homuth, CFO, <a href="mailto:pmarquis@orezone.com">shomuth@orezone.com</a></p>
<div><em></em></div>
<div><em></em></div>
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<p style="text-align: justify;"><em>FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION:  This news release contains certain &#8220;forward-looking statements&#8221; within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;anticipate&#8221;, &#8220;estimate&#8221; and other similar words, or statements that certain events or conditions &#8220;may&#8221; or &#8220;will&#8221; occur.</em></p>
<p style="text-align: justify;"><em>Forward-looking statements are based on certain assumptions, opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking statements. The assumptions include that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for the drilling program is available as scheduled, that no labour shortages or delays are incurred, that no material adverse change occurs to Orezone, that court and regulatory approvals are received in a timely manner. Factors that could cause the forward-looking statements and forward-looking information to differ materially in actuality include the failure of contracted parties to perform as contracted and the failure of equipment. The Company undertakes no obligation to update forward-looking statements if circumstances or management&#8217;s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.</em></p>
<p style="text-align: justify;"><em>Readers are advised that National Instrument 43-101 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, 2007, and other continuous disclosure documents filed by Orezone since January 1, 2008 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.</em></p>
<p style="text-align: justify;"><em>Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This press release uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. </em><strong><em>United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.</em> </strong></p>
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		<title>Positive Results Continue from Bomboré Infill and Expansion Drilling</title>
		<link>http://www.orezone.com/?p=998</link>
		<comments>http://www.orezone.com/?p=998#comments</comments>
		<pubDate>Wed, 16 Jun 2010 13:17:04 +0000</pubDate>
		<dc:creator>Frank</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.orezone.com/?p=998</guid>
		<description><![CDATA[Highlights Include 11 m at 6.09 g/t and 10 m at 3.49 g/t
Download PDF
Orezone Gold Corporation ( ORE : TSX ) is pleased to announce positive results from  an additional 152 holes (for a total of 318 holes to date) of infill and resource expansion drilling at its Bomboré Gold Project in Burkina Faso, West Africa.  The goal [...]]]></description>
			<content:encoded><![CDATA[<h2><em>Highlights Include 11 m at 6.09 g/t and 10 m at 3.49 g/t</em></h2>
<p style="TEXT-ALIGN: left"><a href="http://www.orezone.com/wp-content/uploads/2010/06/pr_bombore_p8p9-june-2010-final1.pdf" target="_blank">Download PDF</a></p>
<p style="text-align: justify;"><strong>Orezone Gold Corporation ( ORE : TSX )</strong> is pleased to announce positive results from  an additional 152 holes (for a total of 318 holes to date) of infill and resource expansion drilling at its Bomboré Gold Project in Burkina Faso, West Africa.  The goal of the 42,500 m RC infill and expansion drilling program is to upgrade and expand the current near surface oxide resources in Q3 to provide the foundation for a preliminary economic assessment to be released in Q4.  A preliminary comparison of the new infill results to the older geological model indicates that the depth of oxidation is about 15% greater than expected within the Maga deposit area and about 10% greater within the P8/P9 deposit area.  Similarly, the average width and grade of the mineralization is broadly in line with the model.  Infill drilling has clearly defined improved continuity in discrete higher grade zones within the larger lower grade envelope.    </p>
<p style="text-align: justify;">The Bomboré project consists of several deposits along a 9km trend with an additional 2.5km of possible extension recently identified and drill tested.  Results in this release include the final infill holes in the CFU deposit and about two thirds of the holes drilled at P8/P9 deposit. The 42,500 m drill program was completed on April 30th and about 60% of the samples have been analyzed to date.  Results are expected to continue into July.  </p>
<p style="text-align: justify;"><strong>“Results to date indicate the potential for significant extensions, an increase in resource tonnage along with improved continuity from section to section in the higher grade areas,”</strong> said Pascal Marquis, V.P. Exploration for Orezone.  All of these attributes will contribute to improving the project economics in the preliminary assessment.  A <a href="http://www.orezone.com/wp-content/uploads/2010/06/pr-2010-06-complete-table.pdf" target="_blank">complete table</a> of results can be found on the Orezone website.  Please note that a complete statistical analysis of the results has not yet been completed. </p>
<p><strong><span style="text-decoration: underline;">Table 1 Highlights from recent Bomboré Infill and Expansion RC Drilling</span></strong></p>
<table style="width: 568px; height: 334px;" border="0" cellspacing="0" cellpadding="0" width="568">
<colgroup span="1"><col span="7" width="76"></col><col span="1" width="76"></col></colgroup>
<tbody>
<tr height="7">
<td width="76" height="7"><strong>Prospect</strong></td>
<td width="76"><strong>Section</strong></td>
<td style="TEXT-ALIGN: center" width="76"><strong>Hole</strong></td>
<td width="76"><strong>From</strong></td>
<td style="text-align: left;" width="76"><strong>To</strong></td>
<td width="76"><strong>Length</strong></td>
<td width="76"><strong>Au g/t</strong></td>
<td width="132"><strong>Comment</strong></td>
</tr>
<tr height="7">
<td height="7">CFU</td>
<td>2650</td>
<td>BBC0804</td>
<td>10.00</td>
<td>27.00</td>
<td>17.00</td>
<td>1.07</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">CFU</td>
<td>2450</td>
<td>BBC0808</td>
<td>56.00</td>
<td>62.00</td>
<td>6.00</td>
<td>5.40</td>
<td>Resource Expansion</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>2150</td>
<td>BBC0824</td>
<td>6.00</td>
<td>15.00</td>
<td>9.00</td>
<td>1.61</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>2150</td>
<td>BBC0824</td>
<td>52.00</td>
<td>68.00</td>
<td>16.00</td>
<td>0.71</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1800</td>
<td>BBC0837</td>
<td>22.00</td>
<td>33.00</td>
<td>11.00</td>
<td>0.99</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1750</td>
<td>BBC0844</td>
<td>39.00</td>
<td>50.00</td>
<td>11.00</td>
<td>6.09</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1450</td>
<td>BBC0854</td>
<td>39.00</td>
<td>48.00</td>
<td>9.00</td>
<td>4.38</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1325</td>
<td>BBC0860</td>
<td>82.00</td>
<td>94.00</td>
<td>12.00</td>
<td>1.69</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1225</td>
<td>BBC0864</td>
<td>80.00</td>
<td>91.00</td>
<td>11.00</td>
<td>1.22</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1175</td>
<td>BBC0867</td>
<td>53.00</td>
<td>66.00</td>
<td>13.00</td>
<td>1.35</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>875</td>
<td>BBC0877</td>
<td>21.00</td>
<td>39.00</td>
<td>18.00</td>
<td>0.76</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>875</td>
<td>BBC0878</td>
<td>0.00</td>
<td>10.00</td>
<td>10.00</td>
<td>3.49</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>2000</td>
<td>BBC0892</td>
<td>17.00</td>
<td>38.00</td>
<td>21.00</td>
<td>1.18</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1950</td>
<td>BBC0895</td>
<td>2.00</td>
<td>35.00</td>
<td>33.00</td>
<td>0.72</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1600</td>
<td>BBC0902</td>
<td>7.00</td>
<td>12.00</td>
<td>5.00</td>
<td>4.73</td>
<td>Resource Expansion</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1250</td>
<td>BBC0924</td>
<td>15.00</td>
<td>41.00</td>
<td>26.00</td>
<td>1.24</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1450</td>
<td>BBC0931</td>
<td>54.00</td>
<td>63.00</td>
<td>9.00</td>
<td>1.20</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1650</td>
<td>BBC0939</td>
<td>1.00</td>
<td>20.00</td>
<td>19.00</td>
<td>1.02</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1750</td>
<td>BBC0945</td>
<td>50.00</td>
<td>66.00</td>
<td>16.00</td>
<td>1.34</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1850</td>
<td>BBC0948</td>
<td>0.00</td>
<td>17.00</td>
<td>17.00</td>
<td>1.40</td>
<td>Infill</td>
</tr>
<tr height="7">
<td height="7">P8P9</td>
<td>1975</td>
<td>BBC0974</td>
<td>59.00</td>
<td>75.00</td>
<td>16.00</td>
<td>0.92</td>
<td>Infill</td>
</tr>
</tbody>
</table>
<p style="text-align: justify;"><em>The RC drilling samples were divided by Orezone employees using Rotary Sample Dividers (RSDs). A 2kg split was prepared by Abilab Burkina s.a.r.l. (a subsidiary of ALS-Chemex) and SGS Burkina Faso s.a.r.l., and then split by Orezone to 1kg using RSDs. A 1kg aliquot was analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by bottle-roll cyanidation using a LeachWellTM catalyst. Orezone employs a rigorous Quality Control Program (QCP) including a minimum of 15% standards, blanks and duplicates. This program was executed under the supervision of Dr. Pascal Marquis, V.P. Exploration for Orezone, who is a Qualified Person under National Instrument 43-101 and approved the technical information in this release.</em></p>
<p style="text-align: justify;"><strong>The Bomboré Project</strong> is located 85km east of the capital city of Ouagadougou along a major national highway.  The deposit has a total Indicated resource of 0.93Moz (contained in 49.4Mt at a grade of 0.59g/t) and an Inferred resource of 1.78Moz (contained within 91.8Mt at a grade of 0.61g/t).  <strong>The grade of the resource is based on approximately 65,000 assay results, including about 44,000 assays from bottle-roll cyanidation extraction (not a complete extraction), therefore understating the <em>in-situ</em> grade of the resource.</strong>  Approximately one half of the current resource is oxidized and occurs essentially within 50 m from surface.  The above mentioned drill programs are designed to upgrade and expand the oxidized resource in order to complete a preliminary assessment for a heap leach operation.  Detailed metallurgical results to date indicate average heap leach recoveries of 80%, with an average consumption of 0.25kg/t of cyanide and 6kg/t of cement.  The topography, drainage and rainfall are suitable to construct a large water reservoir without negatively impacting downstream users.  The project footprint is in an area of low population density and an international power grid is expected to be constructed in the near future.  These infrastructure advantages will translate into reduced project development and operating costs.</p>
<p style="text-align: justify;">Orezone is a gold exploration and development company with more than 15 years experience in West Africa, one of the world’s fastest growing gold producing regions.  Orezone delineated, permitted, and developed Burkina Faso’s largest gold deposit (Essakane) before it was bought by IAMGOLD in a transaction worth approximately $350M.  Orezone continues to focus on developing the rest of its pipeline of advanced gold projects including Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.  Orezone’s mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.  </p>
<h2 style="text-align: justify;">For further information please contact Orezone at    (613) 241-3699    or Toll Free    (888) 673-0663     </h2>
<p style="text-align: justify;">Ron Little, CEO, <a href="mailto:rlittle@orezone.com">rlittle@orezone.com</a>   Pascal Marquis, VP Exploration, <a href="mailto:pmarquis@orezone.com">pmarquis@orezone.com</a></p>
<p style="text-align: justify;"><em>FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain &#8220;forward-looking statements&#8221; within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;anticipate&#8221;, &#8220;estimate&#8221; and other similar words, or statements that certain events or conditions &#8220;may&#8221; or &#8220;will&#8221; occur.  </em></p>
<p style="text-align: justify;"><em>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&#8217;s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.</em></p>
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		<title>Additional Positive Infill and Expansion Drilling Results at Bomboré</title>
		<link>http://www.orezone.com/?p=898</link>
		<comments>http://www.orezone.com/?p=898#comments</comments>
		<pubDate>Thu, 13 May 2010 12:50:16 +0000</pubDate>
		<dc:creator>Frank</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.orezone.com/?p=898</guid>
		<description><![CDATA[Highlights Include 21m at 1.41 g/t and 19m at 1.07 g/t
A Second Extension Identified with 2km of Artisanal Workings
Download PDF
Orezone Gold Corporation ( ORE : TSX ) is pleased to announce positive results from  an additional 81 holes of infill drilling at its Bomboré Gold Project in Burkina Faso, West Africa.  The goal of the 42,500m RC infill [...]]]></description>
			<content:encoded><![CDATA[<h2><em>Highlights Include 21m at 1.41 g/t and 19m at 1.07 g/t</em></h2>
<h2><em>A Second Extension Identified with 2km of Artisanal Workings</em></h2>
<p style="TEXT-ALIGN: left"><a href="http://www.orezone.com/wp-content/uploads/2010/05/may-13-2010-pr-bombore-updated-may-21.pdf" target="_blank">Download PDF</a></p>
<p><strong>Orezone Gold Corporation ( ORE : TSX )</strong> is pleased to announce positive results from  an additional 81 holes of infill drilling at its Bomboré Gold Project in Burkina Faso, West Africa.  The goal of the 42,500m RC infill and expansion drilling program is to upgrade and expand the current near surface oxide resources in Q3 to be followed by a preliminary economic assessment of the project in Q4.  An initial comparison of the new infill results to the older geological model indicates that the depth of oxidation is about 15% greater than expected within the Maga deposit area, about 10% greater within the P8P9 deposit area, and that the average width and grade of the mineralization is broadly in line with the model.  Infill drilling has clearly defined improved continuity in discrete higher grade zones within the larger lower grade envelope.  At the NE end of the <a href="http://www.orezone.com/wp-content/uploads/2010/05/orezone-pr-may-13-2010-new-image.jpg" target="_blank">P8P9-CFU</a> deposit a possible 2km NE extension has been identified that includes historical artisanal workings.  This area amongst others will receive more drilling in the subsequent programs.   </p>
<p>The Bomboré project consists of several deposits along a 9km trend with an additional 2.5km of possible extension recently identified and drill tested.  Results in this release include the final infill holes in the Maga deposit at the north end of the 9km trend. The first 85 holes were announced on April 12th, 2010.  Drilling of the 42,500m was completed on April 30, however only 67% of the samples have been prepared at the laboratory and only 35% of the samples have been analyzed to date.  Results are expected to continue into July.  </p>
<p><strong>“Results to date indicate the potential for significant extensions, an increase in resource tonnage and grade along with improved continuity from section to section in the higher grade areas,”</strong> said Pascal Marquis, V.P. Exploration for Orezone.  All of these attributes will contribute to improving the project economics in the preliminary assessment.  A <a href="http://www.orezone.com/wp-content/uploads/2009/03/pr-may-13-2010-bombore-drill-results-table1.pdf" target="_blank">complete table </a>of results can be found on the Orezone website.  Please note that a complete statistical analysis of the results has not yet been completed.</p>
<p><strong><span style="text-decoration: underline;">Table 1 Highlights from recent Bomboré Infill and Expansion RC Drilling</span></strong></p>
<table style="width: 659px; height: 322px;" border="0" cellspacing="0" cellpadding="0" width="659">
<colgroup span="1"><col span="7" width="76"></col><col span="1" width="130"></col></colgroup>
<tbody>
<tr height="7">
<td width="76" height="7"><strong>PROSPECT</strong></td>
<td width="76"><strong>SECTION</strong></td>
<td width="76"><strong>HOLE</strong></td>
<td style="TEXT-ALIGN: right" width="76"><strong>FROM</strong></td>
<td style="TEXT-ALIGN: right" width="76"><strong>TO</strong></td>
<td style="TEXT-ALIGN: right" width="76"><strong>LENGTH</strong></td>
<td style="text-align: center;" width="76"><strong>Au g/t</strong></td>
<td style="text-align: center;" width="130"><strong>Comment</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>CFU</strong></td>
<td><strong>3500</strong></td>
<td><strong>BBC0766</strong></td>
<td align="right"><strong>1.00</strong></td>
<td align="right"><strong>15.00</strong></td>
<td align="right"><strong>14.00</strong></td>
<td style="text-align: center;"><strong>0.99</strong></td>
<td style="text-align: center;"><strong>New - Expansion</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>CFU</strong></td>
<td><strong>3500</strong></td>
<td><strong>BBC0767</strong></td>
<td align="right"><strong>29.00</strong></td>
<td align="right"><strong>44.00</strong></td>
<td align="right"><strong>15.00</strong></td>
<td style="text-align: center;"><strong>0.90</strong></td>
<td style="text-align: center;"><strong>New - Expansion</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>CFU</strong></td>
<td><strong>3500</strong></td>
<td><strong>BBC0768</strong></td>
<td align="right"><strong>84.00</strong></td>
<td align="right"><strong>96.00</strong></td>
<td align="right"><strong>12.00</strong></td>
<td style="text-align: center;"><strong>1.37</strong></td>
<td style="text-align: center;"><strong>New - Expansion</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>CFU</strong></td>
<td><strong>3350</strong></td>
<td><strong>BBC0778</strong></td>
<td align="right"><strong>60.00</strong></td>
<td align="right"><strong>65.00</strong></td>
<td align="right"><strong>5.00</strong></td>
<td style="text-align: center;"><strong>2.26</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>CFU</strong></td>
<td><strong>3350</strong></td>
<td><strong>BBC0778</strong></td>
<td align="right"><strong>77.00</strong></td>
<td align="right"><strong>82.00</strong></td>
<td align="right"><strong>5.00</strong></td>
<td style="text-align: center;"><strong>4.14</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>CFU</strong></td>
<td><strong>3350</strong></td>
<td><strong>BBC0779</strong></td>
<td align="right"><strong>6.00</strong></td>
<td align="right"><strong>25.00</strong></td>
<td align="right"><strong>19.00</strong></td>
<td style="text-align: center;"><strong>1.07</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>CFU</strong></td>
<td><strong>3250</strong></td>
<td><strong>BBC0786</strong></td>
<td align="right"><strong>28.00</strong></td>
<td align="right"><strong>45.00</strong></td>
<td align="right"><strong>17.00</strong></td>
<td style="text-align: center;"><strong>0.62</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>CFU</strong></td>
<td><strong>3200</strong></td>
<td><strong>BBC0795</strong></td>
<td align="right"><strong>32.00</strong></td>
<td align="right"><strong>53.00</strong></td>
<td align="right"><strong>21.00</strong></td>
<td style="text-align: center;"><strong>1.41</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>CFU</strong></td>
<td><strong>3150</strong></td>
<td><strong>BBC0794</strong></td>
<td align="right"><strong>52.00</strong></td>
<td align="right"><strong>56.00</strong></td>
<td align="right"><strong>4.00</strong></td>
<td style="text-align: center;"><strong>2.83</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>Maga</strong></td>
<td><strong>3250</strong></td>
<td><strong>BBC0744</strong></td>
<td align="right"><strong>2.00</strong></td>
<td align="right"><strong>18.00</strong></td>
<td align="right"><strong>16.00</strong></td>
<td style="text-align: center;"><strong>0.88</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>Maga</strong></td>
<td><strong>3250</strong></td>
<td><strong>BBC0745</strong></td>
<td align="right"><strong>16.00</strong></td>
<td align="right"><strong>34.00</strong></td>
<td align="right"><strong>18.00</strong></td>
<td style="text-align: center;"><strong>0.67</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>Maga</strong></td>
<td><strong>2975</strong></td>
<td><strong>BBC0757</strong></td>
<td align="right"><strong>15.00</strong></td>
<td align="right"><strong>41.00</strong></td>
<td align="right"><strong>26.00</strong></td>
<td style="text-align: center;"><strong>0.50</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>Maga</strong></td>
<td><strong>2900</strong></td>
<td><strong>BBC0756</strong></td>
<td align="right"><strong>5.00</strong></td>
<td align="right"><strong>21.00</strong></td>
<td align="right"><strong>16.00</strong></td>
<td style="text-align: center;"><strong>0.88</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>Maga</strong></td>
<td><strong>2900</strong></td>
<td><strong>BBC0756</strong></td>
<td align="right"><strong>37.00</strong></td>
<td align="right"><strong>60.00</strong></td>
<td align="right"><strong>23.00</strong></td>
<td style="text-align: center;"><strong>0.46</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>P8P9</strong></td>
<td><strong>2150</strong></td>
<td><strong>BBC0824</strong></td>
<td align="right"><strong>6.00</strong></td>
<td align="right"><strong>15.00</strong></td>
<td align="right"><strong>9.00</strong></td>
<td style="text-align: center;"><strong>1.61</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
<tr height="7">
<td height="7"><strong>P8P9</strong></td>
<td><strong>2150</strong></td>
<td><strong>BBC0824</strong></td>
<td align="right"><strong>52.00</strong></td>
<td align="right"><strong>68.00</strong></td>
<td align="right"><strong>16.00</strong></td>
<td style="text-align: center;"><strong>0.71</strong></td>
<td style="text-align: center;"><strong>New</strong></td>
</tr>
</tbody>
</table>
<p><em>The RC drilling samples were divided by Orezone employees using Rotary Sample Dividers (RSDs). A 2kg split was prepared by Abilab Burkina s.a.r.l. (a subsidiary of ALS-Chemex) and SGS Burkina Faso s.a.r.l., and then split by Orezone to 1kg using RSDs. A 1kg aliquot was analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by bottle-roll cyanidation using a LeachWellTM catalyst. Orezone employs a rigorous Quality Control Program (QCP) including a minimum of 15% standards, blanks and duplicates. This program was executed under the supervision of Dr. Pascal Marquis, V.P. Exploration for Orezone, who is a Qualified Person under National Instrument 43-101 and approved the technical information in this release.</em></p>
<p><strong>The Bomboré Project</strong> is located 85km east of the capital city of Ouagadougou along a major national highway.  The deposit has a total Indicated resource of 0.93Moz (contained in 49.4Mt at a grade of 0.59g/t) and an Inferred resource of 1.78Moz (contained within 91.8Mt at a grade of 0.61g/t).  <strong>The grade of the resource is based on approximately 65,000 assay results, including about 44,000 assays from bottle-roll cyanidation extraction (not a complete extraction), therefore understating the in-situ grade of the resource.</strong>  Approximately one half of the current resource is oxidized and occurs essentially within 50m from surface.  The above mentioned drill programs are designed to upgrade and expand the oxidized resource in order to complete a preliminary assessment for a heap leach operation.  Detailed metallurgical results to date indicate average heap leach recoveries of 80%, with an average consumption of 0.25kg/t of cyanide and 6kg/t of cement.  The topography, drainage and rainfall are suitable to construct a large water reservoir without negatively impacting those down stream.  The project footprint is in an area of low population density and an international power grid is expected to be constructed in the near future.  These infrastructure advantages will translate into reduced project development and operating costs.</p>
<p>Orezone is a gold exploration and development company with more than 15 years experience in West Africa, one of the world’s fastest growing gold producing regions.  Orezone delineated, permitted, and developed Burkina Faso’s largest gold deposit (Essakane) before it was bought by IAMGOLD for $350M.  Orezone continues to focus on developing the rest of its pipeline of advanced gold projects including Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.  Orezone’s mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.</p>
<p> </p>
<h2>For further information please contact Orezone at (613) 241-3699 or Toll Free (888) 673-0663  </h2>
<p>Ron Little, CEO, <a href="mailto:rlittle@orezone.com">rlittle@orezone.com</a>   Pascal Marquis, VP Exploration, <a href="mailto:pmarquis@orezone.com">pmarquis@orezone.com</a></p>
<p><em>FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain &#8220;forward-looking statements&#8221; within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;anticipate&#8221;, &#8220;estimate&#8221; and other similar words, or statements that certain events or conditions &#8220;may&#8221; or &#8220;will&#8221; occur.  </em></p>
<p><em>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&#8217;s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.</em></p>
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		<item>
		<title>Positive Infill Drilling Results to Date at Bomboré</title>
		<link>http://www.orezone.com/?p=870</link>
		<comments>http://www.orezone.com/?p=870#comments</comments>
		<pubDate>Mon, 12 Apr 2010 13:29:11 +0000</pubDate>
		<dc:creator>Frank</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.orezone.com/?p=870</guid>
		<description><![CDATA[Highlights Include 40m at 2.21 g/t and 33m at 1.94 g/t
Download PDF
Orezone Gold Corporation ( ORE : TSX ) is pleased to announce positive results from the first 85 holes of an ongoing 40,500m RC infill and expansion drilling program at its Bomboré Gold Project in Burkina Faso, West Africa.  The program is designed to upgrade [...]]]></description>
			<content:encoded><![CDATA[<h2><em>Highlights Include 40m at 2.21 g/t and 33m at 1.94 g/t</em></h2>
<p style="TEXT-ALIGN: left"><a href="http://www.orezone.com/wp-content/uploads/2010/04/pr_bomboremagainfill-v3.pdf" target="_blank">Download PDF</a></p>
<p><strong>Orezone Gold Corporation ( ORE : TSX )</strong> is pleased to announce positive results from the first 85 holes of an ongoing 40,500m RC infill and expansion drilling program at its Bomboré Gold Project in Burkina Faso, West Africa.  The program is designed to upgrade and expand the current oxide resources in order to complete a preliminary economic assessment of the project before the end of this year.  Although a complete statistical comparison has not been performed, a comparison of all holes from section to section in the Maga deposit indicates that the depth of oxidation is about 5 to 10% greater than expected and that the mineralized width and grade is broadly in line with the model.  A <a href="http://www.orezone.com/wp-content/uploads/2009/03/table-1-april-12-2010-release-results.pdf" target="_blank">complete table</a> of results can be found on the company’s website at www.orezone.com/bombore/infillresults. Of particular interest, the new infill holes contribute to clearly define discrete higher grade zones within the larger lower grade mineralized envelope.  With the current resource averaging a grade of 0.6g/t, intersections that are above 0.8g/t are very important and can significantly improve the economics of the deposit.  The fact that the higher grade zones display good continuity from section to section will result in improved mining sequencing and a quicker project payback. </p>
<p><strong><span style="text-decoration: underline;">Table 1 Highlights from Bomboré Infill RC Drilling</span></strong></p>
<table style="width: 660px; height: 282px;" border="0" cellspacing="0" cellpadding="0" width="660">
<colgroup span="1"><col span="7" width="76"></col></colgroup>
<tbody>
<tr height="7">
<td width="76" height="7"><span style="text-decoration: underline;">ZONE</span></td>
<td width="76"><span style="text-decoration: underline;">SECTION</span></td>
<td width="76"><span style="text-decoration: underline;">HOLE ID</span></td>
<td style="TEXT-ALIGN: right" width="76"><strong><span style="text-decoration: underline;">FROM</span></strong></td>
<td style="TEXT-ALIGN: right" width="76"><strong><span style="text-decoration: underline;">TO</span></strong></td>
<td style="TEXT-ALIGN: right" width="76"><strong><span style="text-decoration: underline;">LENGTH</span></strong></td>
<td style="TEXT-ALIGN: center" width="76"><strong><span style="text-decoration: underline;">Au g/t</span></strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>4350</td>
<td>BBC0656</td>
<td align="right"><strong>0.00</strong></td>
<td align="right"><strong>29.00</strong></td>
<td align="right"><strong>29.00</strong></td>
<td style="TEXT-ALIGN: center"><strong>0.98</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>4350</td>
<td>BBC0657</td>
<td align="right"><strong>16.00</strong></td>
<td align="right"><strong>80.00</strong></td>
<td align="right"><strong>64.00</strong></td>
<td style="TEXT-ALIGN: center"><strong>0.81</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>4075</td>
<td>BBC0663</td>
<td align="right"><strong>51.00</strong></td>
<td align="right"><strong>70.00</strong></td>
<td style="text-align: right;"><strong>19.00</strong></td>
<td style="TEXT-ALIGN: center"><strong>0.82</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>4025</td>
<td>BBC0665</td>
<td align="right"><strong>0.00</strong></td>
<td align="right"><strong>17.00</strong></td>
<td align="right"><strong>17.00</strong></td>
<td style="text-align: center;"><strong>1.11</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>3950</td>
<td>BBC0669</td>
<td align="right"><strong>20.00</strong></td>
<td align="right"><strong>70.00</strong></td>
<td align="right"><strong>50.00</strong></td>
<td style="text-align: center;"><strong>0.84</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>3900</td>
<td>BBC0670</td>
<td align="right"><strong>0.00</strong></td>
<td align="right"><strong>40.00</strong></td>
<td style="text-align: right;"><strong>40.00</strong></td>
<td style="text-align: center;"><strong>2.21</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>3900</td>
<td>BBC0671</td>
<td align="right"><strong>21.00</strong></td>
<td align="right"><strong>65.00</strong></td>
<td align="right"><strong>44.00</strong></td>
<td style="text-align: center;"><strong>1.08</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>3800</td>
<td>BBC0675</td>
<td align="right"><strong>0.00</strong></td>
<td align="right"><strong>19.00</strong></td>
<td align="right"><strong>19.00</strong></td>
<td style="text-align: center;"><strong>1.22</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>3575</td>
<td>BBC0719</td>
<td align="right"><strong>21.00</strong></td>
<td align="right"><strong>29.00</strong></td>
<td align="right"><strong>8.00</strong></td>
<td style="text-align: center;"><strong>3.14</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>3575</td>
<td>BBC0720</td>
<td align="right"><strong>3.00</strong></td>
<td align="right"><strong>36.00</strong></td>
<td align="right"><strong>33.00</strong></td>
<td style="text-align: center;"><strong>1.94</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>3575</td>
<td>BBC0721</td>
<td align="right"><strong>51.00</strong></td>
<td align="right"><strong>68.00</strong></td>
<td align="right"><strong>17.00</strong></td>
<td style="text-align: center;"><strong>1.16</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>3150</td>
<td>BBC0705</td>
<td align="right"><strong>33.00</strong></td>
<td align="right"><strong>49.00</strong></td>
<td align="right"><strong>16.00</strong></td>
<td style="text-align: center;"><strong>0.82</strong></td>
</tr>
<tr height="7">
<td height="7">Maga</td>
<td>3100</td>
<td>BBC0707</td>
<td align="right"><strong>9.00</strong></td>
<td align="right"><strong>22.00</strong></td>
<td align="right"><strong>13.00</strong></td>
<td style="text-align: center;"><strong>0.99</strong></td>
</tr>
</tbody>
</table>
<p>Orezone recently announced that the mineralization may extend for an additional 2.5km beyond the approximately 9km of mineralized strike length containing the current resource.  Drilling is ongoing and will be completed by the end of April.  To date, over 35,000m have been drilled, 44% of the samples have been prepared at the laboratory and 17% have been analyzed.  The drilling program is on schedule and the laboratory turn around time for sample analysis has been approximately 5 days, with the main bottleneck being the sample preparation capacity. </p>
<p>“We are on track to expand the current near surface oxide resource” said Pascal Marquis, Vice President of Exploration.   With over 40,000m of additional RC drilling, the Bomboré resource will be updated in Q3 and a preliminary assessment released in Q4.</p>
<p>The Bomboré Project is located 85km east of the capital city of Ouagadougou along a major national highway.  The deposit has a total Indicated resource of 0.93Moz (contained in 49.4Mt at a grade of 0.59g/t) and an Inferred resource of 1.78Moz (contained within 91.8Mt at a grade of 0.61g/t).  The grade of the resource is based on approximately 65,000 assay results, including about 44,000 assays from bottle-roll cyanidation extraction (not a complete extraction), therefore understating the in-situ grade of the resource.  Approximately one half of the current resource is oxidized and occurs essentially within 50m from surface.  The above mentioned drill programs are designed to upgrade and expand the oxidized resource in order to complete a preliminary assessment for a heap leach operation.  Detailed metallurgical results to date indicate average heap leach recoveries of 80%, with an average consumption of 0.25kg/t of cyanide and 6kg/t of cement.  The topography, drainage and rainfall are suitable to construct a large water reservoir without negatively impacting those down stream.  The project footprint is in an area of low population density and an international power grid is expected to be constructed in the near future.  These infrastructure advantages will translate into reduced project development and operating costs.</p>
<p>Orezone is a gold exploration and development company with more than 15 years experience in West Africa, one of the world’s fastest growing gold producing regions.  Orezone delineated, permitted, and developed Burkina Faso’s largest gold deposit (Essakane) before it was bought by IAMGOLD for $350M.  Orezone continues to focus on developing the rest of its pipeline of advanced gold projects including Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.  Orezone’s mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.</p>
<p>The RC drilling samples were prepared by Abilab Burkina s.a.r.l. (a subsidiary of ALS-Chemex) and SGS Burkina Faso s.a.r.l. and a 1kg aliquot was analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by bottle-roll using a LeachWellTM catalyst. Orezone employs a rigorous Quality Control Program (QCP) employing a minimum of 15% standards, blanks and duplicates. This program was executed under the supervision of Dr. Pascal Marquis, V.P. Exploration for Orezone, who is a Qualified Persons under National Instrument 43-101 and approved the technical information in this release.</p>
<p> </p>
<p><strong>For further information please contact Orezone at     (613) 241-3699   or Toll Free     (888) 673-0663  </strong></p>
<p>Ron Little, CEO, <a href="mailto:rlittle@orezone.com">rlittle@orezone.com</a>   Pascal Marquis, VP Exploration, <a href="mailto:pmarquis@orezone.com">pmarquis@orezone.com</a></p>
<p><em>FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain &#8220;forward-looking statements&#8221; within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;anticipate&#8221;, &#8220;estimate&#8221; and other similar words, or statements that certain events or conditions &#8220;may&#8221; or &#8220;will&#8221; occur.  </em></p>
<p><em>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&#8217;s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.</em></p>
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		<title>Bomboré Auger Drilling Results Indicate Possible 2.5km of Extension</title>
		<link>http://www.orezone.com/?p=839</link>
		<comments>http://www.orezone.com/?p=839#comments</comments>
		<pubDate>Thu, 25 Mar 2010 13:06:43 +0000</pubDate>
		<dc:creator>Frank</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.orezone.com/?p=839</guid>
		<description><![CDATA[Resource Infill drilling extends depth of oxidation
Download PDF
Orezone Gold Corporation ( ORE : TSX ) is pleased to announce positive results from a 3,000m, 489-hole auger drilling program on its Bomboré project in Burkina Faso, West Africa.  The program was designed to investigate the gold-in-soil anomalies that occur along the trend of the qualified resource at [...]]]></description>
			<content:encoded><![CDATA[<h2 style="TEXT-ALIGN: left"><span style="color: #ffcc00;"><em><span style="color: #ffffff;">Resource Infill drilling extends depth of oxidation</span></em></span></h2>
<p style="TEXT-ALIGN: left"><a href="http://www.orezone.com/wp-content/uploads/2010/03/pr_bomboreauger.pdf" target="_blank">Download PDF</a></p>
<p><strong>Orezone Gold Corporation ( ORE : TSX )</strong> is pleased to announce positive results from a 3,000m, 489-hole auger drilling program on its Bomboré project in Burkina Faso, West Africa.  The program was designed to investigate the gold-in-soil anomalies that occur along the trend of the qualified resource at Bomboré.  South of the Siga deposit (<a href="http://www.orezone.com/wp-content/uploads/2010/03/pn651-map.pdf" target="_blank">see location map</a>), 35% of the saprolite samples returned gold assays in excess of 0.2g/t and 9% in excess of 0.5g/t.  These results define a new RC drilling target that could extend the Siga deposit by 1.5km further south.  The gap between the P8/P9 deposit and the P11 deposit also returned similar values that are coincident with a high-resolution resistivity survey lithological domain, and clearly defines a second 1km RC drilling target.  Approximately 300 of the auger holes were drilled in these two areas.</p>
<p>The 2.5km of potential deposit extension will be followed up immediately with a 5,000m, 79-hole RC drill program that will be completed in addition to the ongoing 35,500m RC infill and expansion drilling program. To date, 29,000m have been drilled, one third of the samples have been prepared at the laboratory and 10% have been analyzed.  Announcement of infill results for the Maga deposit are expected in April, followed by P8/P9 and Siga.  The drilling program is on schedule and the laboratory turn around time for sample analysis has been approximately 20 days. </p>
<p>“The Infill drilling results to date indicate that the depth of oxidation is about 5 to 10% greater than expected.  This combined with the possible strike extensions as indicated by the auger drilling will undoubtedly result in expanding the current near surface oxide resource” said Pascal Marquis, Vice President of Exploration.   With over 40,000m of additional RC drilling, the Bomboré resource will be updated in Q3 and a preliminary assessment released in Q4.</p>
<p>The Bomboré Project is located 85km east of the capital city of Ouagadougou along a major national highway.  The deposit has a total Indicated resource of 0.93Moz (contained in 49.4Mt at a recoverable grade of 0.59g/t) and an Inferred resource of 1.78Moz (contained within 91.8Mt at a recoverable grade of 0.61g/t).  Approximately one half of the current resource is oxidized and occurs essentially within 50m from surface.  The above mentioned drill programs are designed to upgrade and expand the oxidized resource in order to complete a preliminary assessment for a heap leach operation.  Detailed metallurgical results to date indicate average heap leach recoveries of 80%, with an average consumption of 0.25kg/t of cyanide and 6kg/t of cement.  The topography, drainage and rainfall are suitable to construct a large water reservoir without negatively impacting those down stream.  The project footprint is in an area of low population density and an international power grid is expected to be constructed in the near future.  These infrastructure advantages will translate into reduced project development and operating costs.</p>
<p>Orezone is a gold exploration and development company with more than 15 years experience in West Africa, one of the world’s fastest growing gold producing regions.  Orezone delineated, permitted, and developed Burkina Faso’s largest gold deposit (Essakane) before it was bought by IAMGOLD for $350M.  Orezone continues to focus on developing the rest of its pipeline of advanced gold projects including Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.  Orezone’s mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.</p>
<p>The auger samples were collected by Coffey Mining Pty Limited at the overburden-saprolite interface and if possible a second sample was collected in the underlying saprolite zone. The samples were prepared by Abilab Burkina s.a.r.l. (a subsidiary of ALS-Chemex) and SGS Burkina Faso s.a.r.l. and a 1kg aliquot was analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by bottle-roll using a LeachWellTM catalyst. Orezone employs a rigorous Quality Control Program (QCP) employing a minimum 15% standards, blanks and duplicates. This program was executed under the supervision of Dr. Pascal Marquis, V.P. Exploration for Orezone, who is a Qualified Persons under National Instrument 43-101 and approved the technical information in this release.</p>
<p><strong>For further information please contact Orezone at     (613) 241-3699   or Toll Free     (888) 673-0663  </strong></p>
<p>Ron Little, CEO, <a href="mailto:rlittle@orezone.com">rlittle@orezone.com</a>   Pascal Marquis, VP Exploration, <a href="mailto:pmarquis@orezone.com">pmarquis@orezone.com</a></p>
<p><em>FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain &#8220;forward-looking statements&#8221; within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;anticipate&#8221;, &#8220;estimate&#8221; and other similar words, or statements that certain events or conditions &#8220;may&#8221; or &#8220;will&#8221; occur.  </em></p>
<p><em>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&#8217;s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.</em></p>
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		<title>Brighton Energy Limited Receives Niger Uranium Permit Approvals</title>
		<link>http://www.orezone.com/?p=829</link>
		<comments>http://www.orezone.com/?p=829#comments</comments>
		<pubDate>Wed, 17 Feb 2010 13:40:15 +0000</pubDate>
		<dc:creator>Frank</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.orezone.com/?p=829</guid>
		<description><![CDATA[Download PDF
Orezone Gold Corporation ( ORE : TSX ) is pleased to announce that its subsidiary, Brighton Energy Limited (“Brighton”), has completed the acquisition of three uranium exploration permits in the Republic of Niger, West Africa.  Brighton is a uranium focused explorer with title to 4,000 km² of well located and prospective ground that contains key [...]]]></description>
			<content:encoded><![CDATA[<p style="TEXT-ALIGN: left"><a href="http://www.orezone.com/wp-content/uploads/2010/02/pr_brighton2010-02-16v6-final.pdf" target="_blank">Download PDF</a></p>
<p><strong>Orezone Gold Corporation ( ORE : TSX )</strong> is pleased to announce that its subsidiary, Brighton Energy Limited (“Brighton”), has completed the acquisition of three uranium exploration permits in the Republic of Niger, West Africa.  Brighton is a uranium focused explorer with title to 4,000 km² of well located and prospective ground that contains key geological structures and favorable rocks that are known to host or control the mineralization at producing uranium mines in the region (<a href="http://www.orezone.com/?page_id=42" target="_blank">Location Map</a>). The basin currently ranks as the sixth largest uranium producing area in the world and is expected to become the second largest by 2012 with production from Areva and China Nuclear.  It still remains to be one of the most under-explored yet most prolific uranium producing districts. </p>
<p>Orezone currently holds an 80% equity interest in Brighton and will be the initial manager and operator of the exploration programs on the properties.  Orezone is preparing Brighton to become an independently financed, managed and listed public company.   The 2010 exploration program is expected to be US$3M and will include airborne geophysical surveys followed by ground verification and drilling of the higher priority uranium targets identified along the major mineralized trends. </p>
<p>Orezone will make use of its strong presence and infrastructure in Niger to assist Brighton in becoming a successful uranium company.   This region is on its way to becoming the second largest uranium producing region in the world by 2012 and Orezone is well positioned through its equity stake in Brighton to capitalize on the exploration potential of Brighton’s extensive land holdings,&#8221; said Ron Little, President and CEO.</p>
<p>Orezone is a gold exploration and development company with more than 15 years experience in West Africa, one of the world’s fastest growing gold producing regions.  Orezone delineated, permitted, developed, and financed Burkina Faso’s largest gold deposit (Essakane) before it was bought by IAMGOLD for $350M.  Orezone continues to focus on developing the rest of its pipeline of advanced gold projects including Bomboré, the largest undeveloped gold deposit in Burkina Faso.  Orezone’s mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders. </p>
<p><strong>For further information please contact Orezone at  (613) 241-3699  or Toll Free  (888) 673-0663  or visit </strong><a href="http://www.orezone.com"><strong>www.orezone.com</strong></a><strong>.</strong></p>
<p>Ron Little, CEO, <a href="mailto:rlittle@orezone.com">rlittle@orezone.com</a>   Pascal Marquis, VP Exploration, <a href="mailto:pmarquis@orezone.com">pmarquis@orezone.com</a></p>
<p><em>FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain &#8220;forward-looking statements&#8221; within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;anticipate&#8221;, &#8220;estimate&#8221; and other similar words, or statements that certain events or conditions &#8220;may&#8221; or &#8220;will&#8221; occur.  </em></p>
<p><em>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&#8217;s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.</em></p>
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		<title>Orezone Commences $2 Million Drill Program at Bomboré</title>
		<link>http://www.orezone.com/?p=814</link>
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		<pubDate>Thu, 28 Jan 2010 13:59:43 +0000</pubDate>
		<dc:creator>Frank</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.orezone.com/?p=814</guid>
		<description><![CDATA[35,000 m of Infill and Expansion Drilling to Upgrade Resources

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Orezone Gold Corporation ( ORE : TSX ) is pleased to report that the Company has commenced a $2 million RC drill program to upgrade and expand the oxide gold resources at its Bomboré gold deposit in Burkina Faso, West Africa.  The deposit has 0.93 [...]]]></description>
			<content:encoded><![CDATA[<h2 style="TEXT-ALIGN: left"><em>35,000 m of Infill and Expansion Drilling to Upgrade Resources</em></h2>
<p style="TEXT-ALIGN: left"><strong></strong></p>
<p><a href="http://www.orezone.com/wp-content/uploads/2010/01/pr_bombore_drillingstarted_v8.pdf" target="_blank">Download PDF</a></p>
<p><strong>Orezone Gold Corporation ( ORE : TSX )</strong> is pleased to report that the Company has commenced a $2 million RC drill program to upgrade and expand the oxide gold resources at its Bomboré gold deposit in Burkina Faso, West Africa.  The deposit has 0.93 million ounces of indicated resources and 1.78 million ounces of inferred resources at an average recoverable gold grade of 0.6 g/t.  Approximately one half of the resources are oxidized and occur within 40 m from surface.  The program will be comprised of 25,000 m of drilling to upgrade the oxidized resources to the indicated category and 10,000 m to test for extensions to the pit shells that host the current resources.  An additional auger drilling program will test new undrilled targets within the 14 km gold in soil anomaly to identify areas for further oxide resource expansion.  The program is expected to be completed before the end of the second quarter with all results released by the third quarter.</p>
<p>The drill program is part of an overall $3 to 4 million budget to complete a preliminary economic assessment on the project.  Positive metallurgical results announced in December 2009 indicate that the oxidized resources have expected heap leach recoveries of +80%.  A baseline environmental study was also completed in 2009.  The drill program will lead to an updated geological model, resource update and optimized mining pit shells that will form the core of the assessment. </p>
<p>The Bomboré project is located 85 km east of the capital city of Ouagadougou along a major national highway.  The topography, drainage and rainfall are suitable to construct a large water reservoir without negatively impacting those down stream.  The project footprint is in an area of low population density and an international power grid is expected to be constructed in the near future.  These infrastructure advantages will translate into reduced project development and operating costs. </p>
<p>The Company recently completed six test holes to depths up to 300 m below several of the pit shells that contain the sulphide resources.  Although the geology and mineralization continue to these depths the grade of the mineralization did not improve.  The metallurgical study indicated that the deeper sulphide mineralization is not conducive to heap leaching and therefore would require recoverable grades of better than 1g/t and enough resources to consider a CIL operation.  As a result, further work on the sulphides will be deferred until higher gold prices.</p>
<p>Orezone is a gold exploration and development company with more than 15 years experience in West Africa, one of the world’s fastest growing gold producing regions.  Orezone delineated, developed, financed and sold Burkina Faso’s largest deposit (Essakane) to IAMGOLD for $350M and continues to focus on developing the rest of its pipeline of advanced projects including Bomboré, one of the largest deposits in Burkina Faso.  Orezone’s mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.</p>
<p>Dr. Pascal Marquis, V.P. Exploration for Orezone, is a Qualified Persons under National Instrument 43-101 and approved the technical information in this release.</p>
<p> </p>
<p><strong>For further information please contact Orezone at  (613) 241-3699  or Toll Free  (888) 673-0663  or visit </strong><a href="http://www.orezone.com"><strong>www.orezone.com</strong></a><strong>.</strong></p>
<p>Ron Little, CEO, <a href="mailto:rlittle@orezone.com">rlittle@orezone.com</a>   Pascal Marquis, VP Exploration, <a href="mailto:pmarquis@orezone.com">pmarquis@orezone.com</a></p>
<p>FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain &#8220;forward-looking statements&#8221; within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;anticipate&#8221;, &#8220;estimate&#8221; and other similar words, or statements that certain events or conditions &#8220;may&#8221; or &#8220;will&#8221; occur. Forward-looking statements and forward-looking information in this new release include statements with respect to the scope and timing of the drilling project and metallurgical testing for Bombore and the timing of the release of a resource update for the Sega project.</p>
<p>Forward-looking statements are based on certain assumptions, opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking statements. The assumptions include that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for the drilling program is available as scheduled, that no labour shortages or delays are incurred, that no material adverse change occurs to Orezone.  Factors that could cause the forward-looking statements and forward-looking information to differ materially in actuality include the failure of contracted parties to perform as contracted and the failure of equipment. The Company undertakes no obligation to update forward-looking statements if circumstances or management&#8217;s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.</p>
<p>Readers are advised that National Instrument 43-101 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, 2008, and other continuous disclosure documents filed by Orezone since January 1, 2008 available at <a href="http://www.sedar.com" target="_blank">www.sedar.com</a>, for this detailed information, which is subject to the qualifications and notes set forth therein.</p>
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		<title>Orezone Completes Cdn$10 Million Equity Financing</title>
		<link>http://www.orezone.com/?p=804</link>
		<comments>http://www.orezone.com/?p=804#comments</comments>
		<pubDate>Tue, 26 Jan 2010 14:12:21 +0000</pubDate>
		<dc:creator>Frank</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.orezone.com/?p=804</guid>
		<description><![CDATA[
Not For Distribution to U.S. Newswire Services or For Dissemination in the United States
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Orezone Gold Corporation ( ORE: TSX ) (the &#8220;Company&#8221; or &#8220;Orezone&#8221;) is pleased to announce that it has completed its previously announced equity financing (the &#8220;Offering&#8221;). A total of 13,340,000 common shares have been issued today at a price of $0.75 per [...]]]></description>
			<content:encoded><![CDATA[<p style="TEXT-ALIGN: left"><strong></strong></p>
<p style="TEXT-ALIGN: left"><strong>Not For Distribution to U.S. Newswire Services or For Dissemination in the United States</strong></p>
<p style="TEXT-ALIGN: left"><strong><a href="http://www.orezone.com/wp-content/uploads/2010/01/pr_orezone_2010_financing_closing1.pdf" target="_blank">Download PDF</a></strong></p>
<p style="TEXT-ALIGN: left"><strong>Orezone Gold Corporation ( ORE: TSX )</strong> (the &#8220;Company&#8221; or &#8220;Orezone&#8221;) is pleased to announce that it has completed its previously announced equity financing (the &#8220;Offering&#8221;). A total of 13,340,000 common shares have been issued today at a price of $0.75 per share to an underwriting syndicate led by Canaccord Financial Ltd. and CIBC World Markets Inc., and including Desjardins Securities Inc. and Raymond James Ltd. for gross proceeds before expenses of CDN $10,005,000. The common shares were sold by way of a short form prospectus filed in all of the provinces of Canada, except Québec.</p>
<p style="TEXT-ALIGN: left">The net proceeds from the Offering are to be used principally to fund ongoing exploration and development activities at the Company&#8217;s West African projects.</p>
<p style="TEXT-ALIGN: left"><em>This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.</em></p>
<p style="TEXT-ALIGN: left">Orezone is a gold exploration and development company with more than 15 years experience in West Africa. Orezone delineated, developed, financed and sold Burkina Faso&#8217;s largest deposit (Essakane) to IAMGOLD for $350M and continues to focus on developing the rest of its pipeline of advanced projects including Bomboré, one of the largest deposits in Burkina Faso. Orezone&#8217;s mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.</p>
<p style="TEXT-ALIGN: left"><strong>For further information please contact Orezone at  (613) 241-3699  or Toll Free:   (888) 673-0663  or visit <a href="http://www.orezone.com">www.orezone.com</a></strong></p>
<p>Ron Little, CEO, <a href="mailto:rlittle@orezone.com">rlittle@orezone.com</a>            Sean Homuth, CFO, <a href="mailto:shomuth@orezone.com">shomuth@orezone.com</a></p>
<p><em>FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain &#8220;forward-looking statements&#8221; within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;anticipate&#8221;, &#8220;estimate&#8221; and other similar words, or statements that certain events or conditions &#8220;may&#8221; or &#8220;will&#8221; occur. Forward-looking statements include statements with respect to the use of proceeds from the Offering.</em></p>
<p><em>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, regulatory approvals, 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&#8217;s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements. The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company&#8217;s expectation.</em></p>
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