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Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

Orezone Gold Corporation is a Canada-based gold mining company. The Company is engaged in the exploration and development of gold properties in Burkina Faso, West Africa, focusing on its 90%-owned Bombore gold project (Bombore Gold Mine or Bombore Project). The Bombore Project is a open pit gold mine situated approximately 85-kilometer (km) east of the capital city of Ouagadougou. The Bombore project hosts free digging oxide resources underlain by higher-grade sulphide resources.


TSX:ORE - Post by User

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Post by jmcaon Nov 28, 2006 9:37am
216 Views
Post# 11762244

CBP adds 75 Claims to Matoush Block

CBP adds 75 Claims to Matoush BlockCONSOL PACIFIC BAY MIN Pacific Bay Adds 75 Key Uranium Claims to Matoush Block, Otish Mountains, Quebec 11/28/2006 VANCOUVER, BRITISH COLUMBIA, Nov 28, 2006 (CCNMatthews via COMTEX News Network) -- Mr. George Sanders, President, Consolidated Pacific Bay Minerals Ltd. (TSX VENTURE:CBP) (the "Company") is pleased to announce the acquisition of an additional 75 claims in the Matoush area of Quebec's Otish Mountains. These claims have been purchased from a private individual for a total of $28,848, and carry a 2% NSR. PacBay now has 100% interest in 253 claims in the Matoush area totalling over 112 km2 (43 mi2). A number of these claims lie close to, and on-trend with, the high-grade Matoush structure discovered by Uranerz Exploration and Mining in the 1980's and currently being drilled by Strateco Resources, Inc. PacBay has now received the final results of a detailed 1,600 line-kilometre helicopter survey flown by Aeroquest International in August, 2006. The radiometric, magnetic and IMPULSE(R) EM (electro-magnetic) data is being analyzed in detail. PacBay's winter program envisages line cutting and appropriate ground geophysical surveys to locate areas for subsequent drill target definition. Rehabilitation of the Eastmain winter road now becomes critical for access to the properties, and pertinent discussions with Strateco Resources and Cameco Corporation are ongoing towards this goal of opening the road. Selection of a suitable drilling contractor is in-progress. George Sanders, P.Geo, President, and a Qualified Person under National Instrument 43-101 for the purposes of this News Release, states "With this additional key land acquisition, PacBay has again enhanced its position in this important high-grade uranium play." A new graphic showing these 75 claims has been posted on our website. The Company also reports that the board of directors has granted 550,000 incentive options at a price of $0.30 for a period of 2 years. Consolidated Pacific Bay Minerals, Ltd. is actively exploring for uranium and precious metals in Quebec and Argentina. Please visit our website www.pacificbayminerals.com for information on all of our programs. ON BEHALF OF THE BOARD OF DIRECTORS George Sanders SOURCE: Consolidated Pacific Bay Minerals Ltd. Consolidated Pacific Bay Minerals Ltd. George Sanders President (604) 682-2421 (604) 682-7576 (FAX) Website: www.pacificbayminerals.com Copyright (C) 2006 CCNMatthews. All rights reserved.
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