Orezone Update on Bombore and Burkina Faso
OTTAWA, ONTARIO--(Marketwired - Nov 3, 2014) - Orezone Gold Corp. (TSX:ORE) has temporarily halted its activities in Burkina Faso until the political situation in country has stabilized. All personnel are safe and accounted for. Although the area around Bomboré has been relatively calm during the recent events, minor vandalism occurred at the Bomboré camp over the weekend. Our staff and the local community at Bomboré, including the police and local representatives, have been very supportive with respect to the safety or our employees, camp security and our efforts to continue to develop the project; for that we are grateful.
The majority of the field investigations required for the ongoing feasibility study have been completed. Social, environmental and geotechnical assessments in progress, although delayed, may not affect the overall completion of the study. The desktop and design work can continue with our various consultants in North America. Orezone continues to closely monitor events and will provide further updates along with any adjustments to the time line of the study.
About Orezone Gold Corporation
Orezone is a Canadian company with a gold discovery track record of +12 Moz and recent mine development experience in Burkina Faso, West Africa. The Company owns a 100% interest in Bomboré, the largest undeveloped oxide gold deposit in West Africa. The Company is continuing with various technical studies in order to be in a position to complete a full feasibility study and an application for a mining permit in H1 2015.
FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this release include statements regarding, among others; completing the FS and applying for a mining permit by H1 2015.
FORWARD-LOOKING STATEMENTS are based on certain assumptions, 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 and geotechnical data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, the ability of contracted parties (including laboratories and drill companies to provide services as contracted); 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's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements. Comparisons between any resource model and estimates with the subsequent drill results are preliminary in nature and should not be relied upon as potential qualified changes to any future resource updates or estimates.
Readers are advised that National Instrument 43101 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, 2013 and other continuous disclosure documents filed by Orezone since January 1, 2014 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.