Ottawa-based junior Orezone Resources (OZN-T, OZN-X) now has a resource estimate for its Sega gold project in northern Burkina Faso, which the company hopes to expand based on new drilling.
Sega has an inferred resource of 4.8 million tonnes grading 2 grams gold per tonne on four zones, Bakou, Gambo North and South, and RZ. The resource is cut off at 0.5 gram per tonne. Another 1.4 million tonnes is inferred, with an average gold grade of 1.6 grams per tonne.
The resource was calculated by consulting firm Met-Chem Canada, and used ordinary geostatistics.
Orezone, which hopes to have a resource about double that size to do an economic analysis, has found a number of new gold zones on the property. At the Tiba 4 prospect 8 km northeast of the main Sega resource, it has intersected mineralization over a 600-metre strike length. The RZ zone also has an eastern extension that was not part of the resource calculation.
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