More gold at Intidougou

Drilling by Orezone Resources (ORZ-T) and its Australian partner, Delta Gold, has intersected more near-surface gold at the Intidougou project in Burkina Faso.

The partners sank 15 reverse-circulation holes in the Peksou zone and nine holes in the C zone. The former is 500 metres north of the latter and strikes in a similar direction.

At Peksou, hole 1 returned 12 metres grading 9.7 grams per tonne; hole 19 returned 22 metres grading 11.4 grams; hole 3 yielded 3.2 grams over 12.5 metres; and hole 21 yielded 2.4 grams over 10 metres. Hole 1 was drilled beneath the discovery hole, 5, which ran 19.1 grams over 10 metres.

Eight other holes drilled at Peksou averaged between 0.3 and 1.9 grams over 4-12 metres, with the remaining three of the total 15 failing to intersect any significant mineralization.

Mineralization at Peksou occurs along an altered contact between volcanic and intrusive rocks. The rocks themselves strike westerly and dip steeply.

Drilling is to resume shortly

Two holes were drilled at a nearby outcropping of quartz veining, but both came up dry.

At the C zone, hole 9 intersected two 4-metre sections assaying 3.8 and 2.2 grams. Hole 13 ran 1.6 grams over 10 metres and, of the remaining seven holes drilled there, four varied from 0.3 to 1.3 grams over 2-12 metres.

The C zone is at least 400 metres long and open in all directions.

Meanwhile, in Mali, Orezone continues to trench and pit a 2-km soil anomaly outlined at its Kantela gold property. The anomaly trends northeasterly, similar to high-grade zones at the neighbouring Sadiola mine of AngloGold (AU-N) and Iamgold (IMG-T).

Teck (TEK-T) can earn a 60% interest in the Kantela and Shea properties (the latter is in Ghana) by backing Orezone’s existing options and funding exploration leading up to a production decision at either property. At Kantela, Orezone can earn a 100% interest by spending US$1.5 million on exploration and paying $200,000 over five years.

In related news, Etruscan Resources (EET-T) has tied on to the south side of the Sadiola mine property (see separate story on page 14).