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Orezone Identifies Large Gold in Soil Targets on Kossa Property
Drilling planned for November on 100% owned permit next to Essakane
Orezone Resources Inc. (OZN:TSX, Amex) is pleased to announce that a regional soil sampling program has been completed over its 100 per cent owned Kossa permit in Niger. Kossa is located immediately adjacent to the Orezone/Gold Fields Limited Essakane Project with the two properties being separated by the border between Burkina Faso and Niger. A number of major target areas have been identified on Kossa based on the gold in soil results as well as airborne geophysics and geological mapping. They will be immediately followed up by ground geophysics and detailed soil sampling prior to the commencement of drilling in November.
The Kossa permit has the same geology as Essakane, extensive artisanal workings exist throughout the area, and large gold in soil anomalies on the eastern limit of the Essakane project extend across the border onto Kossa. The recent survey confirms the presence of large mineralized structures which have many similarities with Essakane. Many of these structures appear to be 8 to 10km in length. One particular target, which parallels the eastern edge of the basin, has a length in excess of 30km.
Ron Little, President of Orezone stated, "Essakane and Kossa cover most of the 4,000 km² Gouroul sedimentary basin which appears to have been subjected to a very large and widespread mineralized event. Our survey has confirmed that like Essakane, multiple, large scale exploration targets exist on Kossa and we feel they are equally promising." He added that, "Because Kossa is 100 per cent owned and not subject to the Essakane joint venture agreement with Gold Fields Limited, any discoveries will have a very significant effect on the Company. "
Orezone is exploring the Kossa permit using the same successful techniques that the Company developed during its ten years of operation in Burkina Faso and which lead to discoveries at Bondi, Sega and Essakane. A total of 13,828 surface samples were collected, mostly on a 1km by 100m spacing. The majority were lag soil samples, with termite mound and rock samples taken where available. Due to extensive sand dune cover, a number of areas could not be sampled. The anomalies identified at Kossa are very similar to the early results from reconnaissance stage sampling at Essakane (see attached map).
Map of Soil Survey Results
One gold mine is already in operation in Niger and like Burkina Faso, the country has a modern mining code. The fiscal terms for any new mine development have already been established under the terms of the Kossa permit. The government of Niger retains a 5.5 % NSR, a 10% carried interest, and has the option for an additional 5% participating interest.
The 500g BLEG samples were assayed at SGS labs in Tarkwa, Ghana and Siguri, Guinea, and at Abilab in Ouagadougou. All are used by a wide range of international companies operating in West Africa. A minimum of 9% of the samples were for QAQC including blanks, standards, and duplicates. The program was carried out under the supervision of Jeffrey Ackert, VP Technical Services, and qualified person for Orezone.
Orezone Resources Inc. (OZN:TSX, AMEX) is an emerging gold producer that owns 50% of Essakane with its partner Gold Fields Limited, the largest gold deposit in Burkina Faso, as well as several other promising exploration projects in West Africa. All of Orezone's properties are located in politically stable areas within West Africa which is one of the world's fastest growing gold producing regions. Orezone's mission is to create wealth by discovering and developing the earth's resources in an efficient and responsible manner.
For further information please contact:
Ron Little
President & CEO
rlittle@orezone.com |
