Orezone Reports Positive Drill Results at Bomboré Demonstrating Growth Potential Ahead of Mineral Resource and Reserve Update in Q1 2027

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Postmedia has not reviewed the content. by GlobeNewswire Orezone Reports Positive Drill Results at Bomboré Demonstrating Growth Potential Ahead of Mineral Resource and Reserve Update in Q1 2027Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.Bomboré Plan Map Highlighting Selected Intercepts GNWVANCOUVER, British Columbia, Aug. 11, 2026 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to provide additional drill results from its Bomboré Gold Mine. The latest results are from multiple zones across the 14-kilometre-long reserve-defined Bomboré gold system.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountSelected Drill Highlights1:2.97g/t over 34.0m (BBD1393)1.74g/t over 26.0m (BBD1437) Incl. 4.50g/t over 7.0m Incl. 3.33g/t over 6.0m4.00g/t over 11.3m (BBD1409)8.34g/t over 6.0m (BBD1418)1.26g/t over 34.0m (BBD1430)1.39g/t over 19.0m (BBD1408) Incl. 5.46g/t over 2.0m Incl. 4.97g/t over 3.0m4.28g/t over 11.0m (BBD1393)223.25g/t over 1.0m (BBD1437)9.14g/t over 3.30m (BBD1411)4.88g/t over 4.60m (BBD1414)1.64g/t over 15.0m (BBD1394)1.81g/t over 13.0m (BBD1392)1.28g/t over 16.6m (BBD1402)1.70g/t over 12.0m (BBD1430)Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againPatrick Downey, President and CEO, commented “These latest exploration drill results continue to demonstrate the growth potential at Bomboré, confirming the continuity of gold mineralization beyond the current Mineral Resources and Mineral Reserves. Step-out drilling continues to highlight significant exploration upside along strike, demonstrated by follow-up drilling at P16, that confirmed the zone’s 600 metre strike extension and its overall sub-parallel orientation to the P17 high-grade trend. As with P17, the emerging P16 trend hosts notably higher-grade zones within a broader envelope of lower grade mineralization. Ongoing structural studies and future exploration drilling will focus on refining the controls and continuity of these higher-grade zones, which are potentially amenable to underground mining and could significantly enhance the production profile.In addition to our successful expansion drilling programs, the 2026 resource definition program focused on converting Inferred Resource to the Indicated category, supporting a Mineral Resource and Mineral Reserve update which is expected to be released in the first quarter of 2027. The updated estimate will incorporate the results of approximately 100,000m of additional drilling, in addition to an adjusted cut-off grade reflective of current operating costs and higher gold prices. Given Orezone’s ongoing exploration success in extending mineralization to depth and along strike, we expect that the new estimate will yield a material increase to both Mineral Resources and Mineral Reserves, further extending the overall life-of-mine at Bomboré”.Exploration Drilling ResultsFollow-up drilling at P16 was successful in confirming the P16 strike extension, which has now been traced over 600 metres to the northeast of the established P16 Mineral Resource. This newly emerging trend is subparallel to the established P17 Trend, located approximately 1 kilometre to the southeast. As with the P17 Trend, P16 hosts notably higher-grade zones, with mineralization plunging at 25 degrees to the north-northeast, parallel to the axes of tight folds in quartz veins. Follow-up drilling at P16 will look to both delineate mineralization along the broader trend, as well as to further refine the continuity of the higher-grade zones with increasingly tighter drill spacing.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The P16 strike extension is a significant discovery that has broader implications in terms of future resource growth within the Bomboré gold system. P16 strike extension was not previously recognized as a prospective target because of the approximately eight metres of Tertiary cover that masks the underlying mineralization. This recent finding opens up multiple areas under cover that were not previously advanced due to the absence of surficial geochemical anomalies.P16 selected intercepts – 600 metres northeast of established P16 resource:8.34g/t over 6.0m (BBD1418)4.88g/t over 4.6m (BBD1414)27.31g/t over 1.0m (BBD1405)2.83g/t over 6.0m (BBD1405)4.37g/t over 2.4m (BBD1422)12.50g/t over 1.0m (BBC7353) Previously reported – selected high-grade intercepts from P16 area:10.63g/t over 14.0m (BBD0448)16.50g/t over 5.0m (BBD0448)9.03g/t over 12.0m (BBC3241)6.69g/t over 15.5m (BBD0443)5.91g/t over 15.0m (BBD0477)7.82g/t over 9.0m (BBD0213)58.91g/t over 3.0m (BBD0768)25.87g/t over 1.0m (BBD0813) Resource Definition Drill ResultsFor 2026, Orezone has budgeted approximately 65,000m of drilling at Bomboré, with 45,000 metres dedicated to resource definition drilling. The definition program follows more recent 100 metre-spaced step-out drilling, which was successful in extending gold mineralization below several of the current life-of-mine resource pits. Targeted infill drilling is expected to expand the existing resource base, with future pit optimizations potentially extending pit boundaries further down depth and along strike.Further to the planned 2026 step-out and resource definition drill programs, mineralization at Bomboré remains open at depth and along strike. To date, the broader mineralized system has been traced across a continuous 14-kilometre strike length, with Mineral Reserves to an average depth of less than 40 metres and Mineral Resources to an average depth of approximately 70 metres. Future definition drilling at Bomboré will be focused on delineating higher-grade centers of mineralization, with the potential to be sequenced into the near-term mine plan, supporting further growth in production and operating cash flow.North Zone selected intercepts:2.97g/t over 34.0m (BBD1393)1.64g/t over 15.0m (BBD1394)Incl. 4.50g/t over 7.0mIncl. 2.31g/t over 4.0m4.28g/t over 11.0m (BBD1393)1.06g/t over 31.2m (BBD1394)1.81g/t over 13.0m (BBD1392)Incl. 2.62g/t over 4.0m1.05g/t over 12.4m (BBD1395)3.27g/t over 5.0m (BBC7295) 1.26g/t over 34.0m (BBD1430)1.39g/t over 19.0m (BBD1408)Incl. 5.46g/t over 2.0mIncl. 4.97g/t over 3.0m4.00g/t over 11.3m (BBD1409)9.14g/t over 3.3m (BBD1411)1.70g/t over 12.0m (BBD1430)4.92g/t over 3.0m (BBD1429) Siga selected intercepts:1.74g/t over 26.0m (BBD1437)1.08g/t over 27.2m (BBD1438)Incl. 3.33g/t over 6.0mIncl. 1.60g/t over 13.0m223.25g/t over 1.0m (BBD1437)2.96g/t over 7.0m (BBD1440)1.09g/t over 13.4m (BBD1439) P8P9 selected intercepts:1.28g/t over 16.6m (BBD1402)1.09g/t over 11.30m (BBD1401)Incl. 3.01g/t over 3.0m2.07g/t over 7.0m (BBC7341) Figure 1 – Bomboré Plan Map Highlighting Selected Intercepts Figure 2 – North Zone Long SectionFigure 3 – North Zone Cross SectionFigure 4 – Siga South Cross SectionFigure 5 – P16 Long SectionTable 1 – Drill Results TableHoleZoneEasting(m)Northing(m)Elv.(m)Dip(deg.)Azi.(deg.)EOH(m)From(m)To(m)Length*(m)Grade(g/t Au)TypeBBC7271CFU7293421352598270-50312709.0012.003.000.87OXAnd 28.0033.005.000.22OXBBC7272CFU7295491352745274-503121110.005.005.000.43OXAnd 9.0012.003.000.52OXAnd 19.0025.006.000.39OXAnd 57.0061.004.000.79HRAnd 78.0084.006.000.80HRAnd 92.0095.003.000.52HRAnd 107.00111.004.000.33HRBBC7273NORTH7280281352940268-5031213215.0020.005.001.40OXAnd 54.0057.003.000.51OXAnd 68.0077.009.000.28OXAnd 87.0091.004.000.30HRAnd 117.00120.003.000.97HRBBC7274CFU7295451352666272-5031010243.0048.005.000.20HRAnd 90.0093.003.000.46HRBBC7275SIGA S7282331344889267-50253809.0013.004.000.35OXAnd 22.0026.004.000.24OXBBC7276SIGA S7282501345004269-492547217.0022.005.000.99OXAnd 43.0047.004.000.26HRBBC7277SIGA S7282181345098270-50254603.006.003.000.32OXBBC7278SIGA S7282651345113271-492547011.0014.003.000.35OXAnd 21.0025.004.000.27OXBBC7279SIGA S7283131344811266-4925280 NSR BBC7280SIGA S7288871345126264-4925512065.0073.008.000.31HRBBC7281NORTH7298171354838279-503125026.0031.005.000.26OXBBC7282NORTH7297981354793280-5031280NSR NSR BBC7283NORTH7299011354901277-5031413039.0044.005.001.24OXBBC7284NORTH7301081354780277-5031212589.0094.005.000.36HRAnd 106.00110.004.000.29HRBBC7285NORTH7300421354776277-5031160 NSR BBC7286NORTH7300621354756277-4831510018.0026.008.000.35OXAnd 36.0039.003.000.35OXBBC7287NORTH7303941354323278-5031310015.0019.004.000.41OXAnd 26.0029.003.000.83OXBBC7288NORTH7304311354346276-5031210018.0039.0021.000.47OXIncl. 34.0036.002.001.18OXIncl. 31.0038.007.000.64OXAnd 62.0066.004.000.45HRBBC7289NORTH7301731354118282-48315120 NSR BBC7290NORTH7302041354261280-4931560 NSR BBC7291NORTH7303061354233281-48314120 NSR BBC7292NORTH7298091354814279-5131875 NSR BBC7293NORTH7302651354570277-50312803.0010.007.000.34OXBBC7294NORTH7303561354257280-5031712011.0014.003.003.12OXIncl. 12.0013.001.008.15OXBBC7295NORTH7303561354290280-503138048.0059.0011.001.64HRIncl. 50.0055.005.003.27HRAnd 63.0070.007.000.90HRBBC7296NORTH7303611354319280-513178038.0043.005.000.19OXAnd 60.0070.0010.000.85HRBBC7297NORTH7303561354358279-51315650.007.007.000.25OXBBC7298NORTH7302361354533277-5031480 NSR BBC7299NORTH7302991354577279-5231410033.0042.009.000.86OXBBC7333NORTH7297311354447287-5031210049.0055.006.000.40HRAnd 80.0085.005.000.43HRBBC7335NORTH7306091354260276-5131313064.0067.003.000.84HRBBC7339P8P97277901352625267-493139928.0035.007.000.99OXAnd 80.0086.006.001.23HRIncl. 80.0081.001.004.91HRBBC7340P8P97278341352585267-5031214096.00100.004.000.42HRBBC7341P8P97279451352472267-503158017.0045.0028.000.89OXIncl. 37.0044.007.002.07OXBBC7342P8P97280251352559266-503128036.0043.007.000.33HRBBC7343P8P97278311352658267-503125413.0016.003.000.59OXBBC7344P8P97278781352722267-5031212045.0050.005.000.31OXBBC7345P8P97279471352757267-50312150118.00123.005.000.56HRBBC7346P8P97279021352799267-493138039.0042.003.000.40OXBBC7347NORTH7282951352591266-4831210048.0053.005.000.42HRBBC7348P167296731344348260-5027094 NSR BBC7349P167297501344350260-5027095 NSR BBC7350P17 S7301811343198260-5027072 NSR BBC7351P167292551343900261-5027010410.0014.004.000.70OXBBC7352P167293831343948262-50270100 NSR BBC7353P167293961343899262-50270673.0023.0020.001.06OXIncl. 9.0010.001.0012.50OXAnd 39.0044.005.000.57OXAnd 50.0054.004.000.46HRBBD1374SIGA E7286911347159274-48252252111.00114.003.001.46HRAnd 197.00201.004.001.07HRAnd 205.00210.005.000.84HRBBD1375P8P97285401351955269-503103092.0017.0015.000.67OXIncl. 8.0010.002.001.75OXAnd 22.0028.506.500.71OXAnd 151.10179.0027.900.83HRIncl. 170.00178.008.001.30HRBBD1376P8P97274281350533302-5131225246.0049.003.002.55HRBBD1377SIGA E7284081346499266-50250375153.25156.403.150.55HRAnd 193.30206.1512.850.69HRAnd 243.00248.005.000.64HRAnd 256.00260.104.100.31HRAnd 279.00288.009.000.69HRAnd 293.00298.005.000.43HRBBD1378SIGA S7287911344665261-58248255149.40153.103.700.39HRBBD1379SIGA S7286321345724270-5024935498.10101.453.350.79HRAnd 195.00202.007.000.46HRAnd 253.00256.003.000.70HRAnd 293.60299.005.400.75HRAnd 305.20322.0016.800.75HRIncl. 306.00315.009.000.99HRBBD1380P8P97285361352025268-50311252132.10135.903.801.40HRBBD1382P8P97285421351824270-52312372267.00272.005.000.88HRAnd 278.00286.008.000.47HRAnd 316.01322.005.900.64HRAnd 332.00339.007.000.65HRBBD1383SIGA S7286671345686268-51252372136.15143.006.850.58HRAnd 265.00270.005.000.64HRAnd 274.00280.006.000.98HRAnd 293.00298.005.000.75HRAnd 317.00320.003.000.63HRAnd 324.00333.009.001.52HRIncl. 235.00241.006.002.01HRAnd 339.00351.1012.101.01HRIncl. 345.00350.105.101.76HRBBD1384SIGA S7286321345140267-4625022812.0016.004.000.53OXAnd 182.00191.809.800.87HRBBD1385SIGA S7287151345068270-492532859.3013.103.801.21OXAnd 17.0025.008.000.61OXAnd 83.0086.003.000.52HRAnd 136.00141.155.150.59HRAnd 154.00163.009.001.66HRIncl. 154.00158.004.002.75HRAnd 208.00214.306.300.53HRAnd 217.55223.005.451.45HRIncl. 222.15223.000.856.66HRAnd 229.85235.005.150.70HRBBD1386SIGA S7288051344776262-5025026719.8024.004.200.78OXAnd 208.00213.005.000.60HRBBD1387SIGA S7287271344965264-502512416.0012.506.500.44OXAnd 121.00134.0013.000.76HRAnd 171.30176.004.700.64HRAnd 194.00198.004.000.39HRBBD1388SIGA E7281721346993274-50253267116.00126.0010.000.55HRAnd 141.00147.006.000.75HRAnd 160.00169.009.000.42HRAnd 197.00203.106.100.47HRBBD1390SIGA E7278911347537275-50252192124.00129.005.000.46HRAnd 141.00144.003.000.38HRBBD1391SIGA S7289281344823262-51248382336.00339.003.000.65HRBBD1392NORTH7289651353592278-54311273190.00198.008.001.37HRIncl. 193.00195.002.002.83HRAnd 205.00218.0013.001.81HRIncl. 205.00210.005.002.57HRBBD1393NORTH7288971353620279-503132522.106.704.600.73OXAnd 29.0041.0012.000.69OXAnd 149.00183.0034.002.97HRIncl. 152.00159.007.004.50HRAnd 162.00173.0011.004.28HRAnd 219.50225.205.702.08HRIncl. 219.50222.002.503.15HRBBD1394NORTH7294461354272286-5531132743.0050.007.000.71HRAnd 229.00260.1531.151.06HRIncl. 233.00237.004.002.62HRAnd 270.00285.0015.001.64HRIncl. 277.00281.004.002.31HRBBD1395NORTH7294421354206285-5731139981.0087.006.000.78HRAnd 91.0097.006.000.53HRAnd 131.00137.006.000.50HRAnd 304.00353.0049.000.87HRIncl. 304.00316.4012.401.05HRAnd 359.00364.905.900.83HRBBD1396NORTH7290941354083285-54312297117.00141.0024.000.64HRIncl. 140.00141.001.003.39HRAnd 198.00201.003.000.46HRBBD1397NORTH7290511353955284-5630836630.0034.004.000.71HRAnd 73.0076.503.500.61HRAnd 169.00174.005.000.78HRAnd 198.00204.006.000.71HRAnd 246.60250.003.401.02HRAnd 305.00308.003.000.64HRAnd 322.00330.008.000.46HRAnd 343.10348.004.900.51HRBBD1398NORTH7288951353785280-50312189 NSR BBD1399NORTH7289371353819281-5030939691.0095.004.000.30HRAnd 295.00298.003.000.46HRAnd 345.00353.008.000.75HRBBD1400NORTH7291581354026285-563134055.0010.005.000.47OXAnd 251.00262.0011.000.73HRAnd 312.00318.006.001.52HRIncl. 312.00315.003.001.90HRAnd 325.00333.008.001.47HRIncl. 330.00333.003.003.34HRBBD1401P8P97277441350791287-503133248.0014.806.800.69OXAnd 70.0079.009.000.88HRAnd 90.00105.0015.000.89HRIncl. 96.00102.006.001.10HRAnd 142.00165.0023.000.49HRAnd 174.00178.204.200.51HRAnd 187.00193.006.000.53HRAnd 206.00218.0012.000.57HRAnd 249.00282.0033.000.66HRIncl. 252.70264.0011.301.09HRAnd 285.80291.005.200.60HRBBD1402P8P97276721350717292-5031232116.0021.105.100.37HRAnd 80.0083.003.000.68HRAnd 102.20105.203.000.89HRAnd 119.90126.006.100.63HRAnd 215.00219.004.000.66HRAnd 227.40244.0016.601.28HRIncl. 233.00236.003.003.01HRBBD1403P8P97276691350789291-503122404.0030.0026.000.37OXAnd 92.8097.004.200.69HRAnd 123.00132.009.000.76HRBBD1404P16 N7296661344998261-52270186103.00104.001.001.24HRBBD1405P16 N7295811344897261-5026922888.00100.0012.002.68HRIncl. 99.00100.001.0027.31HRAnd 107.00111.004.000.48HRAnd 125.00130.005.001.72HRIncl. 125.00128.003.002.69HRAnd 147.00151.004.000.41HRAnd 185.00191.006.000.43HRAnd 207.00213.006.002.83HRIncl. 207.00211.004.003.92HRBBD1406P17 S7302071343149260-502708159.5067.508.000.59HRAnd 71.0072.001.007.55HRBBD1407P17 S7302091343099260-492708754.0056.002.001.36HRBBD1408P17 S7302121343201260-5027110510.0015.005.002.04HRIncl. 14.2015.000.805.20HRAnd 37.0044.007.000.51HRAnd 48.0067.0019.001.39HRIncl. 64.0067.003.004.97HRBBD1409P17 S7301181342899259-542718155.0066.3011.304.00HRIncl. 60.4061.200.803.98HRBBD1410P17 S7302311343149261-5027011487.0088.001.004.18HRBBD1411P17 S7302501343200261-4927015319.0027.308.303.81HRIncl. 24.0027.303.309.14HRAnd 114.00122.008.000.77HRAnd 130.00143.0013.001.19HRIncl. 137.00141.004.002.67HRBBD1412P17 S7300451343156260-49269120 NSR BBD1413SIGA S7287741344504259-49250168 NSR BBD1414P16 N7295451344850261-5126920775.5080.104.604.88HRIncl. 76.5077.501.0012.69HRAnd 150.00155.005.000.49HRBBD1415SIGA S7293751345629261-5025114111.0027.0016.000.45OXAnd 99.00104.005.001.17HRBBD1416P8P97275751350670297-4931125576.8083.006.200.70HRBBD1417P16 N7295141344903261-5027019886.0091.005.000.73HRAnd 154.00157.903.900.52HRAnd 180.70184.153.450.72HRBBD1418P16 N7295621344952261-5127125527.0032.005.000.41HRAnd 44.0056.0012.004.32HRIncl. 48.0054.006.008.34HRAnd 149.00153.304.300.41HRAnd 181.00186.005.000.36HRBBD1419P16 N7296261344949261-51270204 NSR BBD1420P16 N7296801345099261-49270204168.00169.001.004.41HRBBD1421P16 N7293691345049261-4927012094.7095.801.100.74HRBBD1422P16 N7294801344851261-5127215964.4066.001.600.77HRAnd 132.00135.203.203.79HRIncl. 132.80135.202.404.37HRBBD1423P16 N7295801344800261-5026924344.0049.005.000.52HRBBD1424P16 N7295281344750261-5026816529.0030.001.000.58OXBBD1425P17 S7304481343253261-51270261 NSR BBD1426P17 S7302861343250260-5127118911.3513.001.651.62HRAnd 21.0025.004.001.27HRAnd 39.0041.002.002.44HRAnd 50.0055.005.001.61HRIncl. 53.0054.001.003.57HRAnd 76.0078.002.001.81HRAnd 91.0093.202.201.01HRAnd 106.00112.006.002.22HRIncl. 110.90112.001.1010.79HRAnd 170.00177.007.000.88HRAnd 181.00188.007.001.39HRIncl. 186.00188.002.002.83HRBBD1427P17 S7302191343251260-5027112034.0039.005.000.30HRBBD1428P17 S7303541343424262-50271228107.00110.003.000.72HRAnd 139.00141.002.002.49HRAnd 168.00175.007.002.03HRIncl. 173.00174.001.0010.70HRBBD1429P17 S7303481343375261-5127130071.3076.004.700.72HRAnd 89.0095.006.000.57HRAnd 100.00102.002.001.44HRAnd 111.00113.002.000.95HRAnd 136.00137.001.003.24HRAnd 146.00149.003.004.92HRAnd 161.00171.0010.000.81HRAnd 215.00216.901.902.03HRAnd 281.00292.6011.600.89HRIncl. 285.00287.002.003.05HRBBD1430P17 S7303401343325261-5027030029.0034.005.000.65HRAnd 40.0052.0012.001.70HRIncl. 43.0048.005.003.37HRAnd 57.0062.005.002.16HRIncl. 59.0062.003.003.16HRAnd 68.00102.0034.001.26HRIncl. 68.0070.002.005.46HRAnd 91.0093.002.005.29HRAnd 125.00134.009.001.47HRIncl. 131.00133.002.003.81HRAnd 151.00158.007.000.71HRBBD1431P17 S7303101343175261-5127134831.4034.603.200.85HRAnd 47.6059.0011.400.95HRAnd 105.00115.2010.200.88HRAnd 296.00301.005.001.99HRIncl. 299.00300.001.005.04HRBBD1432P17 S7303351342825252-54270186137.00144.907.901.71HRIncl. 139.00143.004.002.07HRBBD1433P17 S7302201343300261-49269135 NSR BBD1434P17 S7303221343448262-49271303 NSR BBD1435SIGA S7290421344809262-49253221199.00206.007.000.30HRBBD1436SIGA S7287441344917263-5025022531.0036.005.000.34HRAnd 60.3067.307.001.17HRIncl. 62.0063.001.004.72HRAnd 123.00128.005.000.45HRAnd 142.80148.005.200.45HRAnd 166.90195.9029.000.51HRAnd 199.30211.0011.700.43HRBBD1437SIGA S7287021344955264-502491918.0041.0033.000.46OXAnd 88.00114.0026.001.74HRIncl. 97.00103.006.003.33HRAnd 152.00167.3015.3014.64HRIncl. 154.00155.001.00223.25HRAnd 174.00189.7015.700.45HRBBD1438SIGA S7286351345297269-4525024830.0034.004.000.62HRAnd 52.0059.007.000.63HRAnd 100.00112.0012.000.49HRAnd 151.80179.0027.201.08HRIncl. 165.00178.0013.001.60HRAnd 188.00193.005.001.31HRAnd 228.00231.003.000.60HRBBD1439SIGA S7287031345000265-50250231113.00126.4013.401.09HRIncl. 123.00126.403.402.79HRAnd 163.00199.0036.000.72HRIncl. 178.00180.002.003.32HRBBD1440SIGA S7286721345634269-532513512.0018.0016.000.45OXAnd 47.0054.007.000.38HRAnd 105.00114.009.000.40HRAnd 119.00124.005.000.42HRAnd 252.00256.004.000.53HRAnd 264.00271.007.000.59HRAnd 299.00308.009.000.57HRAnd 328.00344.0016.001.60HRIncl. 336.00343.007.002.96HRBBD1441SIGA S7286421345623269-4824918010.7015.004.300.46OXBBD1442SIGA S7286291345828267-5125332178.4086.007.600.32HRAnd 147.00153.006.000.31HRAnd 165.00168.003.000.48HRAnd 233.00245.0012.000.38HRAnd 303.00321.0018.000.89HRIncl. 312.00317.005.001.62HRBBD1444SIGA S7285761345919265-552483006.0020.5014.500.57OXAnd 92.1095.403.302.13HRAnd 118.00127.009.000.52HRAnd 212.00220.008.000.71HRAnd 255.80261.205.401.57HRAnd 266.00283.0017.000.50HRBBD1448SIGA S7283641346161263-5025323175.7591.0015.250.57HRAnd 111.00122.0011.000.42HRAnd 137.00143.006.000.99HRAnd 157.00164.007.000.32HRAnd 185.00191.206.200.94HRBBD1451NORTH7288531353894279-50312240171.00174.003.000.50HRAnd 178.00199.1021.100.57HRAnd 217.00231.0014.000.95HRBBD1452NORTH7288101353863279-503132617.0014.007.000.26OXAnd 178.00188.0010.000.67HRAnd 227.00233.006.002.31HRIncl. 227.00228.001.009.98HRBBD1454NORTH7287441353859277-5131121032.0036.004.000.79HRAnd 63.5067.003.501.26HRAnd 110.00113.003.000.52HRAnd 189.40199.009.600.68HRBBD1455NORTH7283631353459271-5031327062.0068.006.000.69HRAnd 141.00145.004.000.55HR*True width of mineralized intercept to drill core length: Siga 80-100%, P8P9 & P17 75-85%, North Zone 60-80%, P16 yet to be determinedABOUT OREZONE GOLD CORPORATIONOrezone Gold is an emerging intermediate gold producer with operations in Canada and West Africa. Its Casa Berardi and Bomboré gold mines host significant mineral endowments, growth opportunities, and exploration upside. The recently acquired Casa Berardi mine in Quebec has produced over 3.2 million oz of gold to-date while the Bomboré mine was constructed and brought into production by Orezone in late 2022.Orezone is led by an experienced management team committed to safe, sustainable, and responsible mining practices, with a focus on delivering long-term value for all stakeholders.Patrick DowneyPresident and Chief Executive OfficerAmanda MalloughVice President, Investor RelationsTel: 1 778 945 8977 info@orezone.com / www.orezone.comFor further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at www.orezone.com. The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.This announcement was authorized for release by Patrick Downey, Director, President & CEO.Qualified Person and Competent Persons Statement Alastair Gallaugher (CGeol), Exploration Manager for Orezone, is the Qualified Person under NI 43-101 and has reviewed and approved the scientific and technical information contained in this news release. Information in this press release that relates to grade control drilling and exploration results is based on, and fairly represents, information and supporting documentation prepared by Mr. Gallaugher, a Competent Person who is a Member of the Geological Society of London. Mr. Gallaugher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr. Gallaugher is an employee of the Company and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.Cautionary Note Regarding Forward-Looking StatementsThis news release contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (collectively, “forward-looking statements”). Forward-looking statements are frequently characterized by words such as “expect”, “anticipate”, “believe”, “plan”, “intend”, “estimate”, “potential”, “continue”, “may”, “will”, “could”, “would” and similar expressions, or statements that certain actions, events or results “may”, “could”, “would” or “will” occur.Forward-looking statements in this news release include, but are not limited to, statements regarding: the continuity, extent and potential expansion of mineralization at Bomboré; the potential for future Mineral Resource and Mineral Reserve growth; the expected timing of an updated Mineral Resource and Mineral Reserve estimate in the first quarter of 2027; the incorporation of approximately 100,000 metres of drilling into the updated estimate; the expected impact of revised cut-off grades; the potential to extend the mine life at Bomboré; the delineation and continuity of higher-grade mineralized zones; the potential for future underground mining opportunities; the timing, scope and results of current and future drilling programs; future pit optimizations; the conversion of Inferred Mineral Resources to the Indicated category; and the Company’s exploration plans, objectives and expenditures.All forward-looking statements are based on assumptions that management believes are reasonable at the time such statements are made, including, without limitation, assumptions regarding the continuity of mineralization, the accuracy of geological interpretations, the results of current and future exploration programs, the completion of resource modelling and estimation work, the completion of pit optimization and mine planning studies, gold prices, operating costs, exchange rates, permitting, political and regulatory conditions, and the availability of labour, equipment and supplies.Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, without limitation: exploration results not supporting future Mineral Resource or Mineral Reserve estimates; geological, technical or metallurgical uncertainties; changes in mineral resource estimation assumptions; fluctuations in gold prices, foreign exchange rates and operating costs; delays in obtaining permits or regulatory approvals; changes in applicable laws or regulations; political and security risks in Burkina Faso; the availability of financing, labour, equipment and supplies; community relations; environmental and climate-related risks; operational risks; and the other risks described in the Company’s Annual Information Form and Management’s Discussion and Analysis filed under the Company’s profile on SEDAR+ at www.sedarplus.ca.Although Orezone believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. Except as required by applicable securities laws, Orezone undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.All dollar amounts are in USD unless otherwise indicatedSection 1 – Sampling Techniques and DataCriteriaJORC Code ExplanationCommentarySampling techniquesNature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.Aspects of the determination of mineralisation that are Material to the Public Report.In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.Reverse circulation (RC) drill samples are collected every metre for the entire length of the borehole. All material from each meter was sampled via conical splitter attached to the RC rig cyclone. This produces a 2-3kg sub-sample which is collected in a prelabelled sample bag with sequential sample numbers.Historical RC sampling includes collecting the cyclone underflow sample, splitting in a rotary sample divider to generate a RC sub-sample with a mass of ±2.1 kg.HQ and NQ drill core samples are collected from half-drill core cut evenly lengthwise with a diamond saw at regular 1 m intervals. Sampling per geological contacts is permitted ± 0.2m either side of the meter mark. Samples are numbered and bagged before dispatch to the laboratory. Samples were consistently cut on a nominal 10 degree rotation from the orientation line mark on the core (where orientation available, otherwise a consistent cut-line is established) and the non-orientation/cut-line marked side of the core is submitted for assay.Samples were submitted to BIGS Laboratory in Ouagadougou after drying, the entire sample is crushed to 6 mm and pulverised to achieve 85% passing 106 μm. The pulverised samples are returned to site and rotary split to 1 kg for use as original samples and duplicates. Samples are returned to BIGS for Au determination by 1kg LeachWELL with atomic absorption spectrometry (AAS) finish.Drilling techniquesDrill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).RC drilling was undertaken using a contractor owned rig with auxiliary air. 4” or 4 1/2” face sampling hammers are used.Diamond drill core material from both surface drilling and pre-collars is collected from a combination of HQ and NQ diameter diamond drilling (collaring in HQ and change over to NQ diameter in fresh rock) obtained by wireline drilling with standard tube.Core orientations were completed using Reflex ACT III RD and ACTx orientation tools with the orientation line marked up at the rig side and reviewed by geologists in the core shed.Drill sample recoveryMethod of recording and assessing core and chip sample recoveries and results assessed.Measures taken to maximise sample recovery and ensure representative nature of the samples.Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.Diamond core recoveries are measured in the core trays and recorded as recovered meters and recovered % as part of the geological logging process. RC sample recovery was qualitatively logged with weights of bulk samples recorded at the rig side.Sample recovery and integrity was maximised by drilling with sufficient air pressure to maintain dry samples with holes stopped if significant water ingress. Dry, moist or wet samples are recorded in the database.Examination of the RC and DD composite grade distributions suggests a slight positive bias between the RC and DD composite sample populations at grades 85% passing 75microns.The 2-3 kg sample size is deemed appropriate given that the gold occurs as fine grained electrum.Quality of assay data and laboratory testsThe nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.Reviews of the sampling, analytical, and quality assurance and quality control (QA/QC) protocols used on the RC and core programs have been completed and acceptable levels of accuracy have been achieved.No geophysical tools, spectrometers, or handheld XRF instruments have been used in the reported exploration results to determine chemical composition at a semi-quantitative level of accuracy. Assaying for gold is by the LeachWELL bottle roll cyanide leach method. Gold content in the solution is determined using atomic absorption analysis. For all the samples having liquor grade >0.2 g/t Au, the tail is washed, dried and a 50 g charge is split and submitted for assaying using a conventional fire assay procedure on 50 g sub-sample.The QA/QC protocol since 2011 is to submit 2% Blind Field Duplicates, 3% Blind Pulp Duplicates, 5% Lab Aware Pulp Duplicates, 2% Blind Blanks and 3% Blind Standards.The laboratory inserted commercial standards and completed repeat assays. Repeat or duplicate analysis for samples shows that the precision of samples is within acceptable limits, and a review of results from both laboratory and Company inserted commercial standards indicate acceptable levels of accuracy have been established.Verification of sampling and assayingThe verification of significant intersections by either independent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.Discuss any adjustment to assay data.The Competent Person has confirmed the sample preparation, security, analytical procedures and QA/QC undertaken are adequate for the purposes of Mineral Resource estimation and that there are no factors that materially impact the reliability or accuracy of the dataset employed in the calculation.Data acquisition is completed on a combination of paper log sheets, and entry into a self-validating data entry software package (LogChief). Integrated datasets have been uploaded to the Company’s SQL hosted database and archived on physical back-up drives.There are no twinned holes.Below detection limit values (negatives) have been replaced by background values.Location of data pointsAccuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control.The borehole collars are spotted in the field and pegged using a differential global positioning system (DGPS) set to achieve sub-metre accuracy. Post drilling, the completed holes are surveyed by Bomboré mine surveyors using Trimble GNSS with correction by real time kinematic (RTK) to ensure sub decimeter accuracy.Grid system is based on the UTM30N grid on the WGS84 ellipsoid. Down hole surveys were undertaken by the Company using a Reflex Ez-Trac tool and Reflex OMNI Gyro with readings measured in continuous and multishot mode with readings taken between 10-30m. Holes are validated in IMDEX Hub prior to inclusion in the drillhole database. Azimuths measured using magnetic fields are converted to a geographic azimuth using the declination applicable at the time of the survey.Data spacing and distributionData spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.Whether sample compositing has been applied.Data spacing is variable across the deposit, ranging from 50x50m at the periphery to 25x25m in the more densely drilled core.The oxide resources have been defined along 50 m-spaced drill sections with 25 m between the drill collars. The hard rock resources have been defined generally along 50 m-spaced drill sections with 50 m between the drill collars.Drill samples were composited to 1m for use in resource estimation. Mining at Bomboré has demonstrated reasonable continuity over a strike of 10 km at a cut-off grade of 0.15 g/t Au. At this cut-off grade, the gold mineralisation forms corridors 500 m to 1,000 m in length and 10 m to 100 m in width. At a cut-off grade of 0.5 g/t Au, the higher-grade subdomains have a strike length of up to 500 m and a width typically between 5 m and 30 m.Support of the strong continuity of mineralisation along strike has been confirmed by mining production and mapping of pit walls and floors.Orientation of data in relation to geological structureWhether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.In all areas, the drilling direction is opposite to the dip and orthogonal to the average strike of the lithological units, major fabrics, and wireframed mineralised domains. The plunge of the boreholes at the collar is generally 50° ±5°, thereby intersecting the lithological units, major fabric and wireframed mineralised domains at an angle between 65° and 90°.No sampling bias was deemed to have occurred.Sample securityThe measures taken to ensure sample security.Strict security measures are applied throughout the sampling, sample preparation, and analytical stages. The RC samples and the drill core retrieved by the drillers are collected and handled at the drill site by Orezone personnel. The sample bags are transported by a dedicated driver to a secure storage area in the Bomboré Gold Project area. The sample storage area at the Bomboré Gold Project is fenced and a watchman provides full-time security. Finally, the samples are dispatched to the analytical laboratories under the direct control of Orezone staff, who monitor the preparation and shipment of the samples. This procedure ensures reasonable chain of custody by Orezone from the drill sites to the analytical laboratory.Audits or reviewsThe results of any audits or reviews of sampling techniques and data.In 2017, Mr Yassa collected 50 samples from 15 RC boreholes and 35 cored boreholes during the site visit for independent analysis of gold content. There was a good correlation between the independently collected verification samples analysed at SGS and the Orezone data.Section 2 – Reporting of Exploration ResultsCriteriaJORC Code ExplanationCommentaryMineral tenement and land tenure statusType, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.The Project covers an area of 12,963 ha and consists of one Industrial Operating Permit (the Bomboré Mining Permit) of 2,887 ha, surrounded by four Mining Exploration Permits: the Bomboré II Exploration Permit of 1,265 ha, the Bomboré III Exploration Permit of 3,360 ha, the Bomboré IV Exploration Permit of 833 ha and the Bomboré V permit of 4,618 ha.The Bomboré Mining Permit is registered in the name of Orezone Bomboré S.A. (OBSA), a 90%-owned subsidiary of Orezone Inc. S.A.R.L, itself a 100%-owned subsidiary of Orezone Inc., which is 100% owned by Orezone. The Bomboré Mining Permit was granted to OBSA by way of Decree No. 2016-1266/PRES/PM/MEMC/MINEFID/MEEVCC dated 30 December 2016 and is valid for an initial tenure of 10.7 years but can be extended if the mine life is extended beyond what was initially applied for.All mining ventures in Burkina Faso are subject to a 10% free carried interest and a royalty on gold sold in favour of the Government of Burkina Faso, upon the award of an operating permit from the government.Exploration done by other partiesAcknowledgment and appraisal of exploration by other parties.Between 1989 and 2000, mineral exploration programs were completed by La Générale des Mines et des Carrières (GMC), Channel, Solomon, and Placer Dome. A total of 1,271 core, RC and rotary air blast (RAB) boreholes were completed. Channel completed 10 diamond boreholes for approximately 1,100 m, 261 RC boreholes for approximately 20,000 m, and 1,000 RAB boreholes for approximately 34,000 m.GeologyDeposit type, geological setting and style of mineralisation.Bomboré is an orogenic gold deposit, exhibiting structural control and associated hydrothermal alteration mineral assemblages. The deposit represents a large tonnage, low-grade gold mineralisation system similar to other Birimian gold deposits, such as Kiaka in Burkina Faso, Damang, Yamfo-Selwi in Ghana, and Sadiola in Mali.The geological setting is part of a northeast–southwest trending greenstone belt extending for 50 km. The permit area is underlain mainly by a metasedimentary flysch-type sequence dominated by metasandstones with subordinate carbonaceous meta-pelites and polymictic metaconglomerates.The Bomboré gold deposits occur within a major north to northeast trending structure. The gold deposits were discovered by tracing gold-in-soil anomalies to bedrock by drilling. Gold mineralisation is associated with arrays of structurally controlled quartz veins and veinlets and attendant silica, sulphide, and carbonate alteration.Drill hole InformationA summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collarelevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collardip and azimuth of the holedown hole length and interception depthhole length.If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.The Bomboré mine commenced production in 2022.The Mineral Resource estimate includes a total of 6,322 RC drill holes and 1,426 diamond drill core holes.The Competent Person has determined that the detailed information on the drill holes is not material and does not detract from the understanding of the report.Data aggregation methodsIn reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.The assumptions used for any reporting of metal equivalent values should be clearly stated.All intersections are assayed on predominantly 1 m intervals and no top-cuts are applied to exploration results.Reporting of mineralised intervals is based on a lower cut-off grade of 0.28 g/t in the Oxide+Upper Transition zone, and 0.45 g/t Au in the Lower Transition+Hard Rock zone, with a minimal width of 1.5 m and up to a maximum of 3.0 m of dilution being included.Relationship between mineralisation widths and intercept lengthsThese relationships are particularly important in the reporting of Exploration Results.If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).The majority of the drilling was planned to intersect mineralisation in a perpendicular manner or as close as practicable.The true width of the mineralisation to drill core length: -Siga: 80-100% -P8P8 & P17: 75-85% -North Zone: 60-80% -P16: Yet to be determinedDiagramsAppropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include but not be limited to a plan view of drill hole collar locations and appropriate sectional views.Appropriate diagrams have been included for reporting of significant intercepts.Balanced reportingWhere comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.All grades, high and low, are reported accurately with ‘from’ and ‘to’ depths and ‘hole identification’ shown.Other substantive exploration dataOther exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.All material exploration data including metallurgical test results have been reported.Further workThe nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.In 2024 Orezone designed an initial 30,000 m first pass exploration drill program, that will test multiple targets across the greater than 14 km long mineralised system. This initial program will be used to refine target priority for subsequent exploration drilling in this multi-year campaign, as well as to advance the project’s evolving structural framework. Phase 1 of this initial program will be centred on the North Zone and thereafter, drilling will progressively advance towards the southern half of the mining lease.First pass drilling along the Bomboré Shear Zone (BSZ) will be focused on testing the potential of the mineralised system to depths of up to 400 m. While drilling will be wide spaced in nature, the objective will be to increase pit depths longer-term, as well as to illustrate the broad continuity of multiple higher grade plunging zones of mineralisation that are well defined by shallower drilling and current mining operations. These higher-grade plunging sub-zones may further support an underground mining scenario later in the project’s mine life, once high-grade near-surface open pits are depleted.__________________________________1. Results are from multiple zones, are uncapped, and have variable true widths. See Section 2 of release for per zone estimated true widths.Photos accompanying this announcement are available at Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.