Orezone’s Latest Drill Results Point to Growing Promise at Bomboré

Orezone Gold Corporation (TSXV: ORE, OTCQX: ORZCF) has released fresh drill results from its Bomboré gold project in Burkina Faso, and the numbers are catching the attention of both geologists and investors. The company’s latest round of drilling at the Siga East and Siga South deposits has turned up some notably high-grade gold intersections, further supporting the project’s potential as a significant West African gold asset.

The company’s update published today, highlights several standout results. Among the most eye-catching: one drill hole at Siga East intersected 11.33 grams per tonne (g/t) gold over 11.00 meters, while another at Siga South cut 10.28 g/t gold over 5.00 meters. These kinds of grades, especially over meaningful widths, are not just geological curiosities, they’re the sort of results that can move the needle for a mid-tier gold developer.

Orezone’s drilling focused on areas beneath and adjacent to existing open pits at Bomboré. The company’s goal: to test for extensions of high-grade mineralization that could be mined by underground methods in the future. According to Orezone, these latest intercepts not only confirm the presence of high-grade zones below the current pit shells but also suggest there’s more to be found at depth and along strike.

In addition to the headline-grabbing holes, the company reported several other strong results, including:

  • 4.53 g/t gold over 9.00 meters at Siga East
  • 6.09 g/t gold over 6.00 meters at Siga South
  • 3.84 g/t gold over 6.00 meters at Siga South

These results are part of an ongoing drill program aimed at upgrading and expanding Bomboré’s resource base. The company says it plans to continue drilling through the rest of the year, with a particular focus on targets that could support a future underground mining operation.

For Orezone, these results come at a critical time. The company recently brought Bomboré into production, and while the open-pit operation is already generating gold, the potential for underground mining could significantly extend the mine’s life and improve its economics. High-grade underground ounces are typically more valuable, as they can be mined at a lower cost per ounce and often yield higher margins.

Orezone’s management has stated that the latest intercepts “demonstrate the continuity and strength of high-grade mineralization at depth,” which could translate into a more robust resource estimate down the line. For investors, this means there’s a real possibility that Bomboré could become a larger and longer-lived operation than previously anticipated.

Looking ahead, Orezone plans to keep up the pace with its drill program. The company says it will release additional results as they become available and expects to update its resource estimates once the current campaign wraps up. Investors and analysts will be watching closely to see whether the high grades and thicknesses continue as drilling steps out from the current zones.

Orezone’s latest drill results at Bomboré are more than just numbers, they point to a project that’s growing in both scale and quality. With high-grade gold being uncovered below existing pits, the company is positioned to unlock new value from its flagship asset. As drilling continues, the market will be watching for further evidence that Bomboré can deliver on its promise as one of West Africa’s emerging gold mines.

Related posts