Orezone jumps on intersect
(Kitco News) - Near-term producer Orezone Gold (TSX.V:ORE) traded higher Tuesday after announcing an intersects 32 m of 3.87 g/t gold including 6 m of 14.40 g/t gold and the indefication of near surface high-grade gold mineralization outside of reserves at Bomboré.
The company traded up 13.89% to $1.64 as of 12:40 p.m. ET.
Orezone is building its Bomboré mine in Burkina Faso. First pour is scheduled for Q3 of next year.
Patrick Downey, President and CEO, said drilling will continue along the strike.
"These results are very exciting and represent some of the best drill holes completed at Bomboré. The intercepts are thick, near surface, and show exceptional down-plunge continuity. With similar previous results at P17, we now have over 1.7 km of strike extent with multiple high-grade stacked zones and a very exciting target to expand these high-grade reserves and resources. We therefore plan to continue to drill along strike to establish the continuity of this untested gap between P17S and P17."