AMN - BURKINA FASO: Approvals for Bomboré gold project

Orezone Gold Corp has received the formal and final approval from the Ministry of Environment, Green Economy and Climate Change for the Resettlement Action Plan and the Environmental and Social Impact Assessment with respect to its ongoing mining permit application for its wholly-owned Bomboré gold project in Burkina Faso.

With the environmental approvals in hand, the project will be presented, in the coming weeks, to the National Commission of Mines. The presentation is the final step in the permitting process before a decision can be made by the Council of Ministers and decreed by the Government to grant the mining permit; expected during the third quarter of 2016.

Orezone is a Canadian company with a successful gold discovery track record and mine development experience in Burkina Faso, West Africa. The company owns a 100% interest in Bomboré, which it says is “the largest undeveloped oxide gold deposit in West Africa,” situated 85 km east of the capital city, adjacent to an international highway. Orezone has completed a feasibility study and received all environmental approvals for a mining permit at Bomboré that is expected during the third quarter of 2016.

Highlights:

-          +2 Moz of oxide resources in the top 50 m that is heap leachable, high grade based on heap leach comparables, high recoveries, low cost

-          More than 11 km long, 200 metre average width

-          Resource update completed April 29, 2013, next resource update in the second half of 2015 including 50,000 metres of additional drilling

-          4.56 Moz M&I + 0.72 Moz Inferred (NI 43-101, April 2013 using $1,400 gold, constrained to pit shells)

-          120 metres average drill depth to date, open at depth and along strike

-          Pending permitting and a full project financing, the project could achieve production after a 20 month construction phase with a planned capacity of 135,000 oz/year for the first eight years.

http://orezone.com

News courtesy of International Mining