Past year: ▼ 64%(16.0c – 1.75 USD)
Each one in plain English, with the numbers worked through for a shareholder.
18 June 2008resource reserve update● NeutralMajor
Orezone filed an updated feasibility study on Essakane, dated June 2008 and prepared by G Mining Services, as a 43-101 technical report. The visible part is mostly a table of contents; it refers to May 2007 resource and reserve estimates and a financial analysis, but no new headline figures are visible in the text provided.
8 Apr 2008resource reserve update● Neutral
Orezone filed a new Met-Chem technical report (dated March 2008) on the Bondigui gold project, on the 224 km2 Djarkadougou permit in Burkina Faso. It replaces the older 2004 report filed in November 2007, but the updated resource figures (0.5 g/t cut-off) are in the truncated part and cannot be stated here.
28 Mar 2008resource reserve update● Neutral
Orezone filed a Met-Chem technical report (dated February 2008) on the mineral resource of its Bomboré I gold project in central Burkina Faso, a project not previously in the story. The visible portion shows a 250 km2 permit and a 0.4 g/t cut-off, but the resource totals are in the truncated part and cannot be stated here.
9 Nov 2007resource reserve update● Neutral
Orezone filed a Met-Chem technical report on its Bondigui (Bondi) gold project in Burkina Faso, dated November 2004, showing indicated resources of 1,761,822 tonnes at 2.88 g/t (163,134 oz) and inferred 446,378 tonnes at 2.41 g/t (34,587 oz). This is an older 2004 estimate filed in 2007, not a new resource update.
24 Oct 2007resource reserve update● Neutral
Orezone filed the full Met-Chem technical report (dated October 2007) backing the Sega resource estimate announced on October 18. The visible portion adds no new headline figures beyond that announcement; it notes the estimate rests on about 80,000 m of RC and 8,700 m of core drilling.
18 Oct 2007resource reserve update▲ GoodMajor
Orezone raised the indicated gold resource at its Sega project in Burkina Faso by 44% to 446,000 oz (7.2 Mt at 1.9 g/t), plus 64,000 oz inferred, validated by Met-Chem and not including 2007 drilling. A 25,000 m drill program is under way, and a scoping study on a 3,000 tonne-per-day heap leach estimates capital cost of US$12.7 million.
19 Jan 2005drilling result▲ Good
Orezone reported more drilling results from its Essakan gold project in Burkina Faso, including 10.2 g/t over 45m and 5.9 g/t over 56m, part of a US$5.2 million exploration program. Indicated resources at the Main Zone stand at 49 Mt grading 1.5 g/t (2.4 Moz), not yet including these results; Gold Fields can earn 50% of the property by spending US$8 million over five years (over US$4.0 million spent so far), and Orezone is operator.
