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Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

Orezone Gold Corporation is a Canada-based West African gold producer engaged in mining, developing, and exploring its flagship Bombore Gold Mine (90%-owned) in Burkina Faso. The Bombore mine is an open pit gold. The Bombore mine is focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Bombore is situated 85 kilometers (kms) east of the capital city of Ouagadougou and is readily accessed by paved international highway thereby offering excellent infrastructure and simple logistics.


TSX:ORE - Post by User

Bullboard Posts
Post by InvestorOon May 11, 2017 11:45am
92 Views
Post# 26231624

Burkina Faso - Industry News

Burkina Faso - Industry News
Phase Two Diamond Drill Program Completed At Niangouela; Assays Pending, Second Gold Project Bouboulou Drilling To Commence

 

Vancouver, Canada TheNewswire May 11, 2017 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to provide updates from its two gold exploration projects in Burkina Faso, West Africa.

Phase Two Drill Program at Niangouela Completed

The Company is pleased to report it has completed its phase two diamond drill program at the 178-square kilometre Niangouela exploration permit, located approximately 85 kilometres north of Ouagadougou. The completed drilling included the remaining phase one holes (approximately 500 metres) and an additional 2000 metres comprising the phase two program. A total of 18 holes, consisting of 2572 metres, were drilled in this latest round.

Eleven of the holes drill tested the westerly strike and dip extension of the main quartz-shear zone. Of the remaining seven holes, three tested the eastern extension of the main zone and four tested two of the newly identified zones (see news release of May 3, 2017).

In addition, the Company also completed a trenching program which consisted of six trenches totalling 384 metres. Three of the six trenches were designed to test the easterly strike extension of the main zone identified in phase one drilling, and to expose the trends of the mineralization identified by surficial mapping conducted by the Company. The remaining three trenches were dug to test newly discovered zones.

The phase two diamond drill program at Niangouela was undertaken to test the dip and strike extensions of gold mineralization identified by the Company in its initial phase one program. The program also tested additional targets identified through surface mapping and prospecting. To date the Company has now completed 4020.5 metres of diamond drilling at Niangouela. Results from the latest program will be released once received, reviewed and verified.

Previously announced phase one drill results can be found on the Company website here:

https://www.nexusgoldcorp.com/index.php/en/projects-3/niangouela-gold-concession

TSX News Link


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