Orezone Intercepts High-Grade Mineralization Below North Zone Life of Mine Pits Including 2.55 G/T Gold Over 23.00m and 1.14 G/T Gold Over 29.50m

VANCOUVER, British Columbia, Jan. 26, 2025 (GLOBE NEWSWIRE) — Orezone Gold Company (TSX: ORE, OTCQX: ORZCF) (the “Firm” or “Orezone”) is happy to offer further drill outcomes from its lately introduced multi-year exploration marketing campaign at its flagship Bomboré Gold Mine. The brand new outcomes are centered on the North Zone, with excessive grades intercepted beneath each the North Zone Footwall and North Zone Hill useful resource and reserve pits.

Chosen Drill Highlights:

• 2.55 g/t Au over 23.00m, together with 5.54 g/t Au over 5.00m (BBD1324)
• 1.14 g/t Au over 29.50m, together with 2.30 g/t Au over 4.50m (BBD1320)
• 1.20 g/t Au over 23.80m (BBD1323)
• 1.01 g/t Au over 18.70m (BBD1319)
• 1.80 g/t Au over 15.00m (BBD1318)
• 1.59 g/t Au over 9.80m (BBD1318)
• 1.69 g/t Au over 6.85m (BBD1322)
• 24.74 g/t Au over 2.00m (BBD1323)

Patrick Downey, President and CEO acknowledged, “These newest drill outcomes additional underscore the numerous exploration upside at Bomboré, and the potential to materially develop the useful resource base from the present world 5.1 million gold ounces, to a focused 7 to 10 million gold ounces long run. Given Bomboré’s 14km lengthy reserve outlined strike size at a median reserve pit depth of lower than 40m, we’ve been aggressive in our pursuit of illustrating this potential. In the direction of this purpose, we’re accelerating the Section I exploration marketing campaign and planning a complete 30,000m drill program by means of 2025. Current drilling from solely 12 huge spaced drill holes within the North Zone Footwall has efficiently prolonged mineralization 100m to 250m beneath the reserve pit bottoms alongside a strike size of over 800m. This has clear implications by way of extending present lifetime of mine pits to depth and growing the long run manufacturing profile at Bomboré.

The invention potential of the orogenic gold setting at Bomboré can be highlighted by the a number of higher-grade sub-zones, which we consider might host the potential to transition into an underground mining situation beneath the prevailing lifetime of mine open pits. This prospect continues to be an space of focus at North Zone Hill, in addition to at P16 and P17 the place drilling has lately commenced.

Along with our ongoing manufacturing enlargement, which is at the moment forward of schedule, this renewed deal with exploration at Bomboré, and testing the general dimension and scale of the broader system, signify a very thrilling time for Orezone on a number of fronts.”

North Zone Footwall – Extending Mineral System to Depth

Preliminary drilling final 12 months, concentrating on the North Zone Footwall at depth, was profitable in extending high-grade mineralization 240m beneath the present reserve pit, with intercepts of 1.02g/t Au over 57.00m (BBD1313) and 1.64g/t Au over 46.00m (BBD1314). Huge spaced follow-up drilling was profitable in extending mineralization 100m to 250m beneath the reserve pits alongside a strike size of over 800m (Determine 2). This was marked by a number of broad high-grade intercepts together with 1.17g/t Au over 29.50m (BBD1320), 1.20g/t Au over 23.80m (BBD1323), 1.01g/t Au over 18.70m (BBD1319) and 1.80g/t Au over 15.00m (BBD1318).

Whereas early-stage, the primary takeaways from this current spherical of drilling alongside the North Zone Footwall embody:

1)   The potential, with subsequent infill drilling, to materially prolong the North Zone Footwall useful resource and reserve pits to depth. If profitable, this might have optimistic implications by way of additional increasing the manufacturing profile at Bomboré.

2)   Given the preliminary outcomes on the North Zone Footwall, there are comparable alternatives to increase the mineralized system at depth throughout the better 14km lengthy reserve outlined development, the place the typical reserve pit depth is at the moment lower than 40m.

North Zone Hill and Larger-Grade Sub-Zone Focusing on

As a part of the exploration marketing campaign to check the broader dimension and scale of the Bomboré mineralized system, a second focus of the present drill program is to additional delineate quite a lot of higher-grade sub-zones inside, and increasing beneath, the present lifetime of mine open pit useful resource and reserves. The Firm believes that these higher-grade sub-zones might host the potential to transition into underground mining beneath the open pits sooner or later. This can be a effectively demonstrated mine sequence in-country, and if profitable, wouldn’t solely serve to extend the working head grade at Bomboré, but additionally improve the general manufacturing profile.

With exploration efforts initially concentrated within the northern finish of the venture, preliminary testing of this thesis was centered on North Zone Hill, the place at open pit drill spacing, there’s a outlined development of higher-grade mineralization. As detailed in Determine 3, this sub-zone is marked by a number of high-grade intercepts together with 8.75g/t Au over 7.20m (BBD1246), 7.17g/t Au over 7.00m (BBD0903), 13.44g/t Au over 2.80m (BBD1249), and 6.92g/t Au over 6.00m (BBD0911). Preliminary drill testing down plunge alongside this development intercepted a broad interval of 2.55g/t Au over 23.00m, with a higher-grade sub-interval of 5.54g/t Au over 5.50m (BBD1324). Comply with-up testing at North Zone Hill sooner or later will deal with further step-outs down plunge and on tighter spaced drilling alongside development to additional resolve the controls on this higher-grade mineralization.

The Firm’s goal to additional delineate such higher-grade sub-zones has prolonged to the P16 and P17S deposits on the southern finish of the mining allow, upfront of the beginning of the wet season in Might. As outlined beneath, and detailed in Determine 4 and Determine 5, the P16 and P17S deposits host quite a lot of higher-grade sub-zones. Preliminary testing at these deposits will deal with the down plunge continuity of the high-grade sub-zones and the potential for limb extensions to the East and West. Comply with-up drill packages will additional scale back the drill spacing in the direction of the bottom of the pits and down plunge, in addition to to check for repeats of the system alongside strike, a prospect that’s effectively supported by historic drilling.

P16 – chosen high-grade historic intercepts:

• 10.63g/t Au over 14.0m (BBD0448)
• 16.50g/t Au over 5.0m (BBD0448)
• 9.03g/t Au over 12.0m (BBC3241)
• 6.69g/t Au over 15.5m (BBD0443)
• 5.91g/t Au over 15.0m (BBD0447)
• 7.82g/t Au over 9.0m (BBD0213)
• 58.91g/t Au over 3.0m (BBD0768)

P17S – chosen high-grade historic intercepts:

• 14.67g/t Au over 6.0m (BBD1066)
• 16.58g/t Au over 4.6m (BBD0991)
• 11.52g/t Au over 10.6m (BBD1081)
• 9.44g/t Au over 10.0m (TYD0041)
• 8.47g/t Au over 6.0m (BBD1132)
• 7.08g/t Au over 7.0m (TYC0123)
• 7.62g/t Au over 5.5m (TYD0035)

Determine 1: Bomboré Gold Mine Property Map

Determine 2: North Zone Footwall Lengthy Part Trying Southeast

Determine 3: North Zone Hill Lengthy Part Trying Northwest

Determine 4: P16 Lengthy Part Trying North-Northwest

Determine 5: P17 Lengthy Part Trying North-Northwest

Bomboré Drill Outcomes

Desk 1: Spotlight Drill Intercepts from the North Zone

^{True widths for North Zone drilling are roughly 85% of drilled lengths.
HR – Arduous Rock, OX – Oxide}

About Orezone Gold Company

Orezone Gold Company (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, creating, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved industrial manufacturing on its oxide operations on December 1, 2022, and is now centered on its staged exhausting rock enlargement that’s anticipated to materially improve annual and life-of-mine gold manufacturing from the processing of exhausting rock mineral reserves. Orezone is led by an skilled crew centered on social accountability and sustainability with a confirmed monitor file in venture building and operations, financings, capital markets and M&A.

The technical report entitled Bomboré Section II Enlargement, Definitive Feasibility Research is on the market on SEDAR+ and the Firm’s web site.

Contact Data

Patrick Downey
President and Chief Govt Officer

Vanessa Pickering
Supervisor, Investor Relations

Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
data@orezone.com / http://www.orezone.com

For additional info please contact Orezone at +1 (778) 945 8977 or go to the Firm’s web site at http://www.orezone.com.

The Toronto Inventory Alternate neither approves nor disapproves the data contained on this information launch.

QUALIFIED PERSON

Alastair Gallaugher (CGeol), Exploration Supervisor for Orezone, is the Certified Individuals underneath NI 43-101 and has reviewed and authorized the scientific and technical info contained on this information launch.  

QA/QC

The mineralized intervals are primarily based on a decrease cut-off grade of 0.28g/t within the Oxide+Higher Transition zone, and 0.45g/t Au within the Decrease Transition+Arduous Rock zone. The true width of the mineralization is roughly 85% of the drill size within the North Zone. The half-core drilling samples had been minimize utilizing a diamond noticed by Orezone staff. The samples had been ready by BIGS International Burkina s.a.r.l. (“BIGS International”) after which cut up by Orezone to 1 kg utilizing Rotary Pattern Dividers (“RSDs”). A 1-kg aliquot was analyzed for leachable gold at BIGS International in Ouagadougou, by bottle-roll cyanidation utilizing a LeachWellTM catalyst. The leach residues from all samples with a leach grade better than or equal to 0.25g/t Au had been ready by BIGS International after which cut up by Orezone to 50 g utilizing RSDs. A 50-g aliquot was analyzed by fireplace assay at BIGS International.

Orezone employs a rigorous High quality Management Program together with a minimal of 10% requirements, blanks and duplicates. The composite width and grade embody the ultimate leach residue assay outcomes for a lot of the drill intercepts reported.

Cautionary Notice Relating to Ahead-Trying Statements

This press launch incorporates sure info which will represent “forward-looking info” inside the which means of relevant Canadian Securities legal guidelines and “forward-looking statements” inside the which means of relevant U.S. securities legal guidelines (collectively, “forward-looking statements”). Ahead-looking statements are often characterised by phrases corresponding to “plan”, “anticipate”, “venture”, “intend”, “consider”, “anticipate”, “estimate”, “potential”, “attainable” and different comparable phrases, or statements that sure occasions or situations “might”, “will”, “might”, or “ought to” happen.

Ahead-looking statements on this press launch embody, however are usually not restricted to, statements with respect to the exploration program (together with the numerous exploration upside at Bomboré, and the potential to materially develop the venture’s useful resource base from the present world 5.13 million gold ounces, to a focused 7 to 10 million gold ounces long run; implications of extending the present lifetime of mine pits to depth, and growing the venture’s manufacturing profile; the potential with subsequent infill drilling to materially prolong the North Zone Footwall useful resource and reserve pits to depth; alternatives to increase the mineralized system at depth throughout the better 14km lengthy reserve outlined development; the assumption that the higher-grade sub-zones might host the potential to transition into underground mining beneath the prevailing open pits and that this can be a effectively demonstrated mine sequence in-country, and if profitable, wouldn’t solely serve to extend the working head grade at Bomboré, but additionally improve the general manufacturing profile; and historic drilling supporting P16 and P17S deposits’ down plunge continuity of the high-grade sub-zones, the potential for limb extensions to the East and West and repeats of the system alongside strike); the potential enlargement of mineral reservices and assets; exploration actions; interpretations of drilling outcomes; future manufacturing; venture growth timelines (together with the continuing manufacturing enlargement being forward of schedule); and anticipated financial advantages.

All such forward-looking statements are primarily based on sure assumptions and analyses made by administration in mild of their expertise and notion of historic tendencies, present situations and anticipated future developments, in addition to different elements administration and the certified individuals consider are acceptable within the circumstances.

All forward-looking statements are topic to quite a lot of dangers and uncertainties and different elements that would trigger precise occasions or outcomes to vary materially from these projected within the forward-looking statements together with, however not restricted to, delays brought on by pandemics, terrorist or different violent assaults (together with cyber safety assaults), the failure of events to contracts to honour contractual commitments, sudden modifications in legal guidelines, guidelines or laws, or their enforcement by relevant authorities; the failure of events to contracts to carry out as agreed; social or labour unrest; modifications in commodity costs; sudden failure or inadequacy of infrastructure, the potential of unanticipated prices and bills, accidents and gear breakdowns, political threat, unanticipated modifications in key administration personnel and basic financial, market or enterprise situations, the failure of exploration packages, together with drilling packages, to ship anticipated outcomes and the failure of ongoing and uncertainties referring to the supply and prices of financing wanted sooner or later, and different elements described within the Firm’s most up-to-date annual info kind and administration dialogue and evaluation filed on SEDAR+. Readers are cautioned to not place undue reliance on forward-looking statements.

Though the forward-looking statements contained on this press launch are primarily based upon what administration of the Firm believes are cheap assumptions, the Firm can not guarantee buyers that precise outcomes shall be per these forward-looking statements. These forward-looking statements are made as of the date of this press launch and are expressly certified of their entirety by this cautionary assertion. Topic to relevant securities legal guidelines, the Firm doesn’t assume any obligation to replace or revise the forward-looking statements contained herein to replicate occasions or circumstances occurring after the date of this press launch.

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