Orezone tests high-grade discovery

Fifteen holes sunk by Orezone Resources (ORZ-T) into the Peksou zone at the Intiedougou property in Burkina Faso, West Africa, have failed to match up to the grade encountered in the discovery hole.

The 26-hole, 1,000-metre program was funded by Orezone’s partner, Australia’s Delta Gold. It was aimed at: following up on a 10-metre intersection at Peksou grading 19.1 grams gold per tonne in hole 5; and testing the C zone, 500 metres to the south.

Fifteen angled holes tested Peksou. Several were drilled at right angles to hole 5 in order to test the orientation and continuation of the mineralized zone. One such hole, no. 1, tested directly below hole 5 and returned 12 metres grading 9.7 grams gold.

Twenty-five metres to the east, hole 19 cut 22 metres running 11.4 grams gold. This hole was halted in the zone (at 55 metres), upon hitting the water table. The end of the hole assayed 9 grams gold.

Two other holes on the zone cut 12.5 metres of 3.2 grams gold and 18 metres of 1.6 grams, respectively.

Of the remaining holes, eight contained gold values ranging from 0.3 gram over 12 metres to 1.9 grams over 4 metres. Three holes were drilled off of the zone.

Orezone says the results suggest that the Peksou zone is an altered contact between volcanic and intrusive rocks trending east-west with a steep dip. Further drilling is planned to delineate the size and nature of the zone before the start of the rainy season in late June.

Nine holes were collared on the C zone. Highlights include hole 9, which cut 4 metres grading 3.8 grams gold, and hole 13, which returned 10 metres of 1.6 grams gold. Four holes returned values that ranged from 12 metres grading 0.3 gram gold to 2 metres grading 1.3 grams.

Orezone continues to work its Kantela property in Mali. The project is beside the Sadiola Hill gold mine. Trenching and pitting are under way on a 2-km-long gold-in-soil anomaly. Deep pitting into the saprolite has revealed a zone with similar colour and texture to the main calcareous zone at Sadiola. Pending positive assay results, Orezone plans a drilling program before the end of July.

Orezone is earning a 100% interest in Kantela. Teck (TEK-T) holds the right of first refusal to earn a 60% interest from Orezone during the first $300,000 of expenditures.