Orezone Bombore Project Reaches Another Permitting Milestone
Orezone Bombore Project Reaches Another Permitting Milestone
OTTAWA, ONTARIO--(Marketwired - Jun 13, 2016) - Orezone Gold Corporation (TSX VENTURE:ORE) is pleased to announce that it has successfully completed a presentation and critical technical review of its Bomboré Gold Project with the Burkina Faso National Commission of Mines ("NCM")(1). The NCM reviewed the project's feasibility study, including an environmental assessment and impact study, and a relocation action plan. The Company has now fulfilled all the conditions set by the NCM and was advised that the NCM will issue a favorable and binding opinion with respect to the Company's application for a commercial mining permit. This was the last step in the permitting process before a final decision can be made by the Council of Ministers and decreed by the Government (at a full cabinet session) to grant a mining permit, which is expected during the third quarter of 2016.
About Orezone Gold Corporation
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, the largest undeveloped oxide gold deposit in West Africa, situated 85 km east of the capital city and adjacent to an international highway. The Company has completed a Feasibility Study and received all environmental and critical approvals for the granting of a mining permit at Bomboré that is expected during the third quarter of 2016.
Tim Miller, COO, Pascal Marquis, SVP and Ron Little, CEO of Orezone, are Qualified Persons under National Instrument 43-101 and have reviewed the information in this release. Readers should refer to Orezone's annual information form for the year ended December 31, 2015 and other continuous disclosure documents filed by Orezone since January 1, 2016 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.
FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this release include statements regarding, among others; the granting of the Bomboré mining permit in Q3 2016; the expectation the permit will be subject to the terms of the 2003 mining code as per the permit application in Q2 2015; confirmation the applicable mining code via the delivery of the Mining Convention, will not occur until after the permit is granted.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
(1) Commission Nationale des Mines
Orezone
(613) 241 3699
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.