Symbol	Last	Change
ORE.TO	3.70	-0.16

Niger Uranium

Summary

5 exploration permits, 3,958 km² of well-located and prospective ground in Niger
2 of these permits are adjacent to Areva producing uranium mines, and one is adjacent to a GoviEx uranium deposit
Early drilling results indicate a significant presence of uranium
Consistent mineralization occurs on Zéline 1 exploration permit, 25 km to the north of Areva' s Arlit mines, which have produced 240 million pounds of uranium oxide (U₃O₈) since 1971
2011: Reconnaissance drilling on new discoveries and airborne geophysical surveys
Brighton Energy enables Orezone to capitalize on the uranium exploration potential in Niger without diluting its core business of gold exploration

Description

Orezone, through its 67% owned Brighton Energy subsidiary, has five exploration permits strategically located in the Tim Mersoï Basin in the Republic of Niger, West Africa.

The permits cover an area of 3,958 km2. Two of the permits are located within 20 km of Areva' s Somaïr (14,000 t U₃O₈@ 0.3%) and Cominak (29,000t U₃O₈ @0.4%) uranium mines, while one is adjacent to Areva' s Imouraren (120,000t U₃O₈ @ 0.15%) deposit. Furthermore, the permits are located along main structural breaks in an area known for favorable geology and uranium mineralization.

Early drilling results indicate a significant presence of uranium in the same sequence of Carboniferous rocks along with a similar structural setting to that of the neighboring mines that have produced uranium for the last 40 years.

Orezone has a strong presence in Niger along with the infrastructure and ability to build a focused uranium explorer. Brighton enables Orezone to capitalize on the uranium exploration potential in Niger without diluting its core business of gold exploration.