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Properties > Overview:

Overview

Orezone has focused its exploration on West Africa as this region offers relatively unexplored geological potential as well as near-surface oxidized deposits that can be explored and developed at a low cost. Burkina Faso is the country with the greatest untested potential in West Africa and it is here that Orezone holds a premier land position. The company has over 3,140 km² of properties that have similar geology and mineralogy to neighbouring countries (Mali and Ghana) that collectively produce over 5 million ounces of gold per year.

Orezone has interests in four different properties in Burkina Faso; Essakane, Bondi, Sega and Bomboré. As well, to the east of Burkina Faso Orezone also has two gold permits in neighbouring Niger.

Burkina Faso and Niger Regional Geology and Orezone Property Locations:
 

                         

Project Summary and Budget

PROPERTY Burkina Faso, Niger	AREA km2	STATUS	OREZONE'S PROPERTY INTEREST	BUDGET US$ 2008
Essakane	1,248	Mining Permit Granted Resource Drilling	100% Interest	US$2.9 Million
Sega	1,166	Scoping Work Exploration & Resource Drilling	100% Interest	US$2.1 Million
Bondi	924	Advanced Exploration Exploration & Resource Drilling	100% Interest	$500,000
Bomboré	250	Advanced Exploration Exploration & Resource Drilling	Currently 50%, Option to 100% less 1% NSR	US$3.1 Million
Kossa, Niger	999	Exploration	100%	$600,000
Koyria	1,045	Grass Roots Exploration	Currently 50%, Option to 100%	$700,000
TOTAL	5,185			$9,900,000

* Budget approved for proposed exploration program pending many factors such as drill availability, weather and logistics etc.