Goldene Zeiten - Orezone Ressource (OZN) - 500 Beiträge pro Seite

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Der alte Thread von hpoth Thread: Kennt jemand diesen Gold-Explorer Orezone Resources??? ist ja geschlossen, deshalb beginne ich noch mal von vorn:

OREZONE RESOURCE (AMEX - OZN)
http://www.orezone.com/

verfügt über ausgedehnte Explorationsgebiete (über 5000 qkm) in Burkina Faso (West-Africa). Die Geologie und Mineralisierung ist hier ähnlich wie in den Nachbarländern Ghana und Mali. Die beiden Länder stehen auf Rang 2 bzw. 3 der afrikanischen Goldproduktion.

Burkina Faso ist derzeit die am schnellsten wachsende goldproduzierende Region weltweit. Und dabei ist das Land noch weitestgehend ‚unentdeckt`.

Projekte

OZN verfügt eine Reihe von Projekten. 3 davon sind bereits in einem fortgeschrittenen Stadium:

ESSAKAN

Essakan is Orezone`s premier property in Burkina Faso. It currently hosts the largest known gold resource in the country, and Orezone is aggressively exploring this property with the financial backing of Gold Fields, its partner. Orezone is the operator on this project for the first $US2 million, however Gold Fields is spending $US8 million to earn 50% then bankable feasibility to earn 60%.

Their goal is to outline >2.0 million oz at 3.0 g/t, or a much larger tonnage at 2.0 g/t. Essakan is likely to be the first gold mine that Orezone brings into production.

Progress

1.9 million ounces gold indicated resource has currently been defined, with the potential for 2-5 million ounces through exploration and deposit development.

800 km² has been explored with geochemical sampling, representing ~50% of the Essakan project area.

~30,000 m of RC drilling has been completed.

15 targets have been identified by surface sampling, including 5 new targets.

More than 21,000 samples have been analyzed.

The next steps include 33,000m drilling from Sep -Dec 2004, and to bring 2 regional targets to the resource evaluation stage. In addition, regional evaluation of the Essakan property will continue.

SEGA

Orezone acquired a 100% interest in the Sega permit from Repadre/IAMgold less a 3% NSR royalty. Repadre previously inferred a resource of 300,000 ounces at 2.8gAu/t.

Orezone believes there is potential for a 1 to 2 million ounce resource .

Progress

Orezone completed a 76 hole reverse circulation (RC) drill program on its Sega Property in June 2004.

Discovery of the RZ zone, showing high grade intersection within 3 sub-parallel en-echelon veins.

Intersections include 19.3 gAu/t over 13m and 5.82 over 20m.

The company has spent US$973,886 to date on the Sega project.

The Property contains 3 major zones, the RZ, Bakou and Gambo.

BONDI

The Bondi Permit lies directly south of the Golden Hill property where Orezone has discovered several gold bearing zones. The Bondi property lies along strike of this mineralization and holds tremendous potential for hosting significant gold mineralization. Orezone has a 100% interest in the exploration permit.

Progress

An exploration program was initiated in 1999 with a high resolution aeromagnetic survey over the property.

1355 soil samples were taken during a program performed over two high priority areas.

Results of this soil program indicate an anomalous corridor along the contact of the Eastern Volcanic Domain and the Tarkwa Sedimentary Basin.

Orezone completed its initial 41 hole, 2250m Reverse Circulation (RC) drill program in June 2003 to test recent positive trench results in Target area 2.

Drill results indicate a gold mineralized corridor over 800 metres in length with horizontal widths up to 25m.

Ressourcen

aktuell (hauptsächlich ESSAKAN)
Measured and Indicated___1,910 Mio oz
Inferred___2,010 Mio oz


Partner

Strategischer Partner von OZN ist Gold Fields. Das Essakan Projekt wird als Joint Venture betrieben. Gold Fields ist aber auch an OZN beteiligt.

Die Beeteiligung von Gold Fields am Essakan Projekt läßt einiges erwarten. Nicht nur für dieses Priojekt , sondern auch für die weiteren Aktivitäten der Gesellschaft in Burkina Faso. Für Übernahmephantasie ist jedenfalls bei OZN gesorgt.

Gold Fields Limited, headquartered in South Africa is one of the world`s largest gold producers, with an annual attributable gold production of more than 4.3 million ounces of gold and attributable mineral reserves of 81.5 million ounces, , became a significant shareholder of Orezone and has an option to earn a 50% interest in the Essakan Project, the largest gold deposit in Burkina Faso, by spending US$8.0 million over 5 years.

Orezone is the operator for the first $2.0 million and is 50% of the operation team until Gold Fields earns an interest. Upon earning a 50% interest, Gold Fields can go on to earn a 60% interest by completing a bankable feasibility study.

Gold Fields will also investigate Orezone`s other projects in Burkina Faso.

Exploration

Aktuell hat OZN ein umfangreiches Explorationsprogramm gestartet. Insgesamt 11 Mio $ sind in den nächsten Monaten für weitere Bohrungen in den 3 Hauptprojekten budgetiert.

Für ESSAKAN hofft man nach Abschluß der Bohrungen Ende Juni 2005 auf zusätzliche 1 - 2 mio oz an Ressourcen; für SEGA werden ca. 1 mio oz Ressourcen erwartet.

Alle 3 Projekte sollen so schnell als möglich zur Machbarkeitsstudie geführt werden!


--- LESEN !---
Gold and Precious Metals Conference in San Francisco

Orezone is a plum takeover target in Burkina Faso
By: Allan Seccombe
Posted: `30-NOV-04 04:00` GMT © Mineweb 1997-2004

SAN FRANCISCO(Mineweb.com) -- Toronto-listed explorer Orezone is preparing to take the leap into gold production, but it could well be snapped up mid-stride by another larger miner because of its suite of projects in Burkina Faso and Niger, one of which could have more than 5 million ounces.

“We are explorers and labelled as explorers we are now ready to make the transition from exploration to production,” Ron Little, chief executive and president of Orezone, told delegates at the Gold and Precious Metals Conference in San Francisco on Monday.

The company has three “very advanced” greenstone projects in Burkina Faso, the land-locked West African country, with South Africa’s Gold Fields playing an active role in one of them, the Essakan gold project, which has a relatively low-grade resource of about three million ounces.

“We are quite aggressive about drilling this project and the other two over the next six months. The next six months will be quite a dramatic change for the company. We will spend $11 million up to June next year and hope to have all three in feasibility stage by that time ,” Little said.

There is increasing interest in the company, not only by other miners, but from precious metal and general funds too, all of whom would be keen to offer sponsorship as the drilling progresses , he said. Orezone has about $8 million in cash and no debt.

“We have not only Gold Fields but several other majors and intermediates very interested in our land package.
“Most of our institutional investors are in this story because they know we are going to production but along the way they think we are more than likely to be consolidated.”
Orezone hopes to up its current resource base of nearly four million ounces at its Essakan, Bondi and Sega projects all in Burkina Faso by another one to two million ounces by June through its drilling programme.

Orezone is drilling high-grade chutes at depth at Essakan. “This is the new model that has got Gold Fields quite excited as well as ourselves. We think can extend deposit down to a depth of 250 yards and end up with a pit half mile long and quarter mile wide in two gram scenario and this would add two million ounces to the current deposit.”

There are another five nearby targets that Orezone has tested and which have shown substantial mineralisation.
“In the big theory we think this project has the potential for five to 10 million ounces, a world class deposit ,” he said.

Essakan is close to the Niger border and Orezone is about to start an exploration programme there to see if there is a similar mineralisation.

“If we start to pull down targets of (Essakan’s) size in Niger it will make Gold Fields quite twitchy and it is the reason other majors are looking to joint venture several of our projects.”

At Sega, Orezone wants to build up a resource of a million ounces, conduct a feasibility study and begin production in two to three years. Orezone has six drill rigs operating in Burkina Faso and will add another two by January.

Little said there was government support for gold mining, seeing how successful mining has been in boosting Mali’s economy. Three mines will begin production in three years and become major contributors to the impoverished economy’s gross domestic product.

Shares Info

Über 50% ! der Aktien werden von instiutionellen Anlegern gehalten:
Sprott Asset Management, RBC, Acuity, Altimira, Amaranth, Apogee, Dynamic, Fidelity, Gabelli, Global Resource Investments, Osiris, Prudent Bear, TCW, TD, Tocqueville, US Global and Van Eck

Ich denke, die wissen schon warum sie investiert sind. Hier noch mal:

“Most of our institutional investors are in this story because they know we are going to production but along the way they think we are more than likely to be consolidated.”

Die Aktie ist gelistet in Toronto und an der AMEX. Der Handel ist recht liquide. In Deutschland gibt’s OZN in Berlin-Bremen unter WKN 548225.



Rolling 52 Week High 1.670
Rolling 52 Week Low 0.860
Quoted Market Value 147,856,862
# of Shares Outstanding 111,170,573

Last Trade: 03 Dec 2004 11:57 EST
Last Traded 1.400 Net Change +0.070
Last Bid Size 120 Volume 884,600
Last Bid Price 1.390 Open 1.350
Last Ask Price 1.410 High 1.410
Last Ask Size 182 Low 1.340

Der Aktienkurs ist zuletzt deutlich zurückgekommen; gute Einstiegschance.

/cbx/

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Hier noch die aktuelle Studie von Dundee Securities zu OZN

http://www.orezone.com/site/pdf/Dundee112904.pdf

Mir gefällt der vorletzte Satz unter `Investment Strategy` bestens:


"All properties have high potential for new discoveries,
and the company is an obvious candidate for the new Gold Fields International if it is consummated "

/cbx/

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Die OZN-Projekte im Überblick



Zwischenzeitlich hat Orezone weitere 2000 qkm Land östlich von Essakan (Kossa/NIGER) erworben. Das Gebiet ist nicht Bestandteil des JV mit Gold Fields.

Orezone Adds 2,000km² to Essakan Holdings
November 4, 2004
New permit covers eastern extension of sedimentary basin

Orezone Resources Inc. (OZN:TSX, AMEX) is pleased to announce that it has converted its prospecting licenses in Niger into a 2,000 km² exploration permit that also establishes the fiscal terms for any new mine development.

The new Kossa permit covers the eastern extension of the sedimentary basin that hosts the Essakan gold deposit in Burkina Faso and is adjacent to the border of Burkina Faso and the Essakan permit.

Geophysical surveying and extensive geochemical sampling indicate that mineralized structures in the western part of the Gorouol Sedimentary Basin, which hosts the 1.9M ounce (indicated) Essakan deposit, extend eastward into Niger. In addition, extensive artisanal workings exist on both sides of the border. Samples from these artisanal sites, as well as regional soil surveys carried out by previous operators, have returned anomalous and widespread gold values.

"Orezone now controls 3,400km2 of a sedimentary basin that has the potential for other large sediment hosted gold deposits similar to Essakan" stated Jeff Ackert, Orezone’s Vice President of Exploration. "Opportunities to acquire large, highly prospective tracts of land that have only received a superficial level of exploration simply do not exist in most parts of the world today", he added.

A US $600,000 exploration program is planned to evaluate the permit with surface geochemistry and shallow subsurface sampling, including Rotary Air Blast (RAB) drilling. The program will employ gold exploration techniques that Orezone has refined and perfected during its eight years of operation in Burkina Faso and which lead to discoveries at Bondi, Sega and on the Essakan property itself. The Kossa permit is not subject to the Essakan joint venture agreement with Gold Fields Limited.

/cbx/

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Weitere Expansion in NIGER ??

Canadian firm to conduct gold research in Niger
Niamey, Niger, 11/27

Niger and Canadian firm Orezone Inc have signed an agreement allowing the firm to conduct research on gold deposits in the western Tillabéry region.

Mining minister Rabiou Hassane Yari and a representative of the Canadian company signed the accord here Tuesday for an investment of about one billion francs CFA (about US$1.9 million) mainly earmarked for research work, official sources said.

Speaking at the signing ceremony, Minister Yari said the renewed interest in gold research stemmed from the rise in the price of the commodity and Niger`s new-found calm and political stability.

Nearly 15 years after the discovery of gold deposits in its western region, Niger produced in early October its first gold ingot.

Weighing 15 kg, the ingot was presented to President Mamadou Tandja during the inauguration of the first gold-mining factory in Samira, a locality situated some 150 km west of Niamey.

The Lipptako Mining Company is the fruit of a partnership between Canada, Morocco and Niger.

Regions in western Niger are endowed with gold deposits, exploited on a small-scale basis by artisan gold miners from Niger and neighbouring countries.

/cbx/

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Etwas älter schon, aber interessant:

Orezone lands new investor
By Ottawa Business Journal Staff
Mon, Aug 30, 2004 11:00 AM EST

Ottawa-based junior gold company Orezone Resources has a new investor. Actis Capital, based in London, England, has acquired 4.32 million shares of the company on the open market, representing an investment of approximately $5.5 million dollars or 4 per cent of the company.

Orezone has been exploring for gold in Burkina Faso in West Africa for eight years. Actis Capital invests in companies working in developing countries, with the aim of encouraging economic development and eventually earning a return on its investment.

"We are making our first investment in Burkina Faso with the objective of accelerating the pace of exploration and gold mine development in that country. Orezone represents an ideal means of achieving this goal," Peter Ruxton, investment principal with Actis, said in a statement.

For Orezone, the investment represents another step forward. The company already has a large stable of institutional investors, including TD and Royal Bank and Sprott Securities. Each owns between 5 and 10 per cent of the company.

"We`re moving up the food chain quicker than most," president and CEO Ron Little told ttawabusinessjournal.com in a telephone interview.

"Orezone is really becoming one of the stronger junior stories out there."

Little said he expects a "very dramatic year" for the company, which could involve a takeover. Larger gold producers have been consolidating, and little exploration has been going on. That makes junior companies with promising results attractive candidates for a takeover.

----------------------------------------------------------------------------------------------------------------------
Emerging Market Fund Becomes Strategic Partner
10:08 EDT Monday, August 30, 2004 OTTAWA
(Business Wire)

... Actis is a leading private equity investor in emerging markets and manages approximately $2.7 billion on behalf of CDC Capital Partners and other third party investors. Actis has been investing in emerging markets for over 55 years though its association with CDC, a UK government company that invests in the private sector in developing countries. Actis takes significant equity positions and/or provides mezzanine financing for businesses with talented management teams and strong market positions.

Peter Ruxton, Investment Principal, stated that "We are making our first investment in Burkina Faso with the objective of accelerating the pace of exploration and gold mine development in that country. Orezone represents an ideal means of achieving this goal as it has strong management and a number of high quality properties that are advancing toward the feasibility stage and ultimately production." He added that "In 2003 Actis invested over $130 million in Africa and has committed a further $350 million for investment in the next three years...


/cbx/

[hpoth]

#5
chaterbox,

schön das Du das reingestellt hast, halte die s Akiet schon eine längere Zeit, war eine Empfhelung vom Zürich-Club.
gruß hpoth

[chatterbox]

OZN hält sich im aktuellen Marktumfeld recht gut

Trade Time: 3:54PM ET
Last Trade: 1.27
Day`s Range: 1.24 - 1.30
52wk Range: 0.60 - 1.40

Jetzt erfolgte noch die Aufnahme in den Amex Gold Miners Index; fast schon ein Basisinvestment

Orezone Added to Amex Gold Miners Index

Orezone Resources Inc. (OZN:TSX, AMEX) is pleased to announce that the Company has been added to the new Amex Gold Miners Index (GDM:AMEX) as of December 20, 2004. The Amex Gold Miners Index is a broad based barometer of the gold and silver mining industry that is currently made up of 40 companies which meet market capitalization and trading volume requirements. Over the five year period from September 30, 1999 to September 30, 2004 the index had a cumulative return of 93 per cent and an annualized return of 14 per cent.

Ron Little, President and CEO, stated that “In the past year Orezone has made tremendous progress in establishing itself as an emerging gold producer and obtaining an Amex listing has increased our visibility with US investors. For the last three months Orezone’s average daily trading volume has exceeded 500,000 shares with almost 40 per cent on the Amex.” He added that “We hope to see increased demand for the Company’s shares from index investors and from an Exchange Traded Fund should one be established by the Amex.”

Orezone Resources Inc. (OZN:TSX, Amex) is an emerging Canadian gold producer with three advanced exploration projects in Burkina Faso, West Africa. Burkina Faso is a politically stable part of one of the world’s fastest growing gold producing regions. Orezone’s mission is to create wealth by discovering and developing the earth’s resources in an efficient and responsible manner.

Index Components as of: 12/20/04

Company Name Symbol % Weighting

Newmont Mining NEM 12.96%
Barrick Gold ABX 8.86%
Anglogold Ltd Ads AU 6.77%
Gold Fields Ltd Adr GFI 6.14%
Placer Dome Inc PDG 5.47%
Freep`t Mcmoran Copper&gold`b` FCX 5.04%
Harmony Gold Mining Adr HMY 4.99%
Goldcorp Inc GG 4.92%
Kinross Gold KGC 4.48%
Comp De Minas Buenaventura Ads BVN 4.43%
Glamis Gold Ltd GLG 4.21%
Wheaton River Minerals WHT 3.38%
Meridian Gold MDG 3.31%
Agnico Eagle Mines AEM 2.16%
Bema Gold BGO 2.07%
Pan American Silver Corp PAAS 1.98%
Iamgoldcorp IAG 1.78%
Coeur d`alene Mines CDE 1.76%
Apex Silver Mines Ord SIL 1.52%
Eldorado Gold Corporation EGO 1.43%
Cambior Inc CBJ 1.34%
Hecla Mining HL 1.26%
Randgold Resources Ads GOLD 1.24%
Crystallex Intl KRY 1.18%
Golden Star Resources GSS 0.93%
NovaGold Resources, Inc NG 0.85%
Western Silver Corp WTZ 0.65%
Royal Gold, Inc. - Common Stock RGLD 0.65%
Northern Orion Resources Inc NTO 0.59%
Gammon Lake Resources, Inc GRS 0.58%
Northgate Minerals Corporation NXG 0.58%
Yamana Gold, Inc AUY 0.53%
Miramar Mining Corp MNG 0.33%
N.A. GRZ 0.31%
N.A. OZN 0.26%
Randgold & Exploration Company, Limited - American Depositary Shares RANGY 0.24%
N.A. TGB 0.22%
N.A. MRB 0.21%
N.A. DEZ 0.20%
Great Basin Gold Ltd GBN 0.19%

/cbx/

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Interessantes aus dem stockhouse board

SUBJECT: From Dave Pescod`s Late Edition Today Posted By: Otter
Post Time: 12/20/04 18:55

Pretty interesting stuff, and also helps explain the firming stock price lately:

"That was a bit of a disappointment a few weeks ago when Orezone announced that their reserve numbers for Bondi came in at 200,000 ounces, as they had been expecting a 200,000 to 300,000 ounce variance. But, now it looks like they got a little bit of help coming (totally) out of left field.

Gold Fields (GFI-NYSE) is one of this planet`s biggest producers and it looks like they are having a little bit of trouble with their Cerro Corona project in Peru. Gold Fields had thought that it was their number one project to be in development, but currently it looks like political and permitting problems with the Peruvian government are going to delay it.

That means, according to Ron Little, after discussions with Gold Fields it now looks like Orezone’s Essakan project is the number one project. That means a whole bunch of drilling starts in January hoping to prove up Gold Fields` thoughts on this project.

Expectations are, Little says, that the drilling budget could be increased dramatically and they do have hopes that this one project could deliver two to five million ounces of gold and they’ll have an idea of whether it’s there or not in the next six months."

/cbx/

[chatterbox]

Wünsche allen viel Glück und Gesundheit im neuen Jahr !
.... und hoffe mal das folgendes zutrifft:


2005 – Year of the Juniors

`load the boat with your favorite junior gold mining shares`

By: Eric Hommelberg

Many Gold letter writers are calling for another leg down in Gold shares. I simply don’t agree. Here’s why. All previous bottoms in PM shares during this bull market have been characterized by extreme undervaluation of the PM shares against Gold. Each extreme undervaluation didn’t last for more than 2-3 weeks. Now it happened again, the PM shares are extremely undervalued against Gold since Dec 8. The valuation of Gold stocks against Gold is illustrated by the Gold/HUI ratio. The Gold/HUI chart suggests that the HUI bottom is in and issued a ‘BUY’ for PM shares.


Based on historical data the Gold/HUI chart suggests that extreme weakness in PM shares reflected by RSI tops in the Gold/HUI charts exceeding 70 won’t stay there for a long period of time (2-3 weeks maximum). Now let’s have a look at the Gold/HUI chart:



So based on its own history we could suggest :

PM shares do bottom at RSI tops > 70 of the Gold/HUI ratio.

RSI tops > 70 mark the beginning of an uptrend in PM shares lasting 2 to 9 month.

Each rally in PM shares which started from a RSI top >70 gained 50 to 130%.

RSI tops > 70 have a very short life span (less than two weeks)

Right now (Dec 8) RSI crossed the 70 mark again, so PM shares bottoming within two weeks ? Expected minimum gain of HUI is 50% within three month, so HUI >300 before end of Q1 2005 ?

Now when we zoom in on the last year of the Gold/HUI chart you should notice that PM shares are a ‘BUY’ indeed:



So what to do now when the PM shares are so dirt cheap ?

Well, load the boat with your favorite junior gold mining shares.
Why ?

Again. read the conclusions of chart I, it says :

Right now (Dec 8) RSI crossed the 70 mark again, so PM shares bottoming within two weeks ? Expected minimum gain of HUI is 50% within three month, so HUI >300 before end of Q1 2005 ?

If the HUI reaches >300 by end of Q1 2005 (even end of Q2 will do), what do you think the Junior shares will do ? They’ll go ballistic. We just saw a preview of what can happen in 2003 when lots of Junior shares appreciated by a multiple of 100%.

Juniors are trading at fire sale prices now and could be rewarded well next year. Remember that 75% of all discoveries are made by juniors and that the major producers are facing a decline in gold reserves so they’ll have to go after the juniors. As an investor you should do the same. (see for details my article ‘Juniors in denial’)

I know the sentiment regarding juniors is terrible these days, but that makes them dirt cheap and worthwhile to buy. Same sentiment we’ve witnessed in Dec 2002. In my piece ‘2003 - Year of the juniors’ I wrote:

Profits of 100 – 1000 % are in the pipeline next year if invested in high quality junior mining companies. END

Well, that’s exactly what happened. Now, two years later I would say the same for the year of 2005. But remember, in order to enjoy a multiple 100% profit next year you’ll have to buy low, and that’s NOW !

As said before, senior producers have to go after the juniors (details see ‘Juniors in denial’), so when a junior makes a big discovery it will be in the spotlight straight away. Just to remind you what could happen with a junior making a big discovery is best illustrated with the example of Arequipa Resources in 1996. Arequipa shares were trading at 1 CAD$ just before they found 7 million ounces of Gold. Within 6 month they were taken out by Barrick Gold at a share price of +30 CAD$ , see chart below:



It seems that the awareness is growing among Gold analysts regarding such opportunities. The Wall Street Journal (Dec 02) quoted John Bridges, a senior gold analyst at J.P. Morgan Chase & Co who said :

“If you are lucky enough to buy into an exploration company that makes a discovery, you can effectively buy your own auto teller machine. Some of these things are just phenomenally profitable.” END.

Your own auto teller machine, isn’t that what we all dream of ?

Just buy the next Arequipa and enjoy your own auto teller machine by the end of 2005 !

Wish you all a healthy and golden 2005

Best, Eric
[e-mail]
-- Posted Wednesday, December 29 2004
http://news.goldseek.com/EricHommelberg/1104336682.php

/cbx/

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Im gegenwärtigen Marktumfeld hält sich OZN recht gut; wenig Bewegung.

Trade Time: Jan 7
Last Trade: 1.19
Change: 0.01 (0.85%)
Day`s Range: 1.14 - 1.20
52wk Range: 0.60 - 1.40
Volume: 37,600
Avg Vol (3m): 187,863

Wen`s interessiert, hier noch ein Überblick über die in Burkina Faso tätigen Gold-Explorer/Produzenten.

Der Kampf um strategische Landpositionen ist in vollem Gange. Akquisitionen gab es zuletzt z.B. von High River Gold und Etruscan.

Organization Status Property Name Province/State Country
AFCAN Mining Corporation Prospect (5)
AXMIN Inc Prospect (2) Ankouna
AXMIN Inc Prospect (2) Bouroum
AXMIN Inc Prospect (2) Yeou
AngloGold Ashanti Limited Prospect (14) Youga/Bitou
Challenger Minerals Ltd Prospect (1)
Channel Resources Ltd Prospect (1)
Crew Gold Corporation Prospect (2)
Etruscan Resources Inc Prospect (6) Datambi
Goldbelt Resources Ltd Prospect (1)
Goldcrest Resources Ltd Prospect (2)
High River Gold Mines Ltd Prospect (3) Bouroum
High River Gold Mines Ltd Prospect (3) Taparko
High River Gold Mines Ltd Prospect (5)
InterStar Group Inc Prospect (1) Tambao
Jilbey Gold Exploration Ltd Prospect (1) Tarparko
Jilbey Gold Exploration Ltd Prospect (2) Bissa
Jilbey Gold Exploration Ltd Prospect (3) Hounde
Kinbauri Gold Corp Prospect (4)
Orezone Resources Inc Prospect (1) Essakan
Orezone Resources Inc Prospect (2) Sega
Orezone Resources Inc Prospect (3) Bondi
Orezone Resources Inc Prospect (4) Bombore
Orezone Resources Inc Prospect (5) Golden Hill
Orezone Resources Inc Prospect (6) Sébédougou
Orezone Resources Inc Prospect (7) Kerboulé
Riverstone Resources Inc Prospect (1) Rambo
SEMAFO Inc Prospect (3) Mana
Solomon Resources Limited Prospect (2) Bombore
St. Jude Resources Ltd Prospect (3) Goulagou

Etruscan ist vielleicht noch einen Blick wert, mit Projekten in Mali, Niger, Burkina Faso, Elfenbeinküste und SüdAfrika. Mit den anderen habe ich mich aber nicht beschäftigt. Es gibt einfach zu viele.

Sonst ist vorerst alles gesagt. Abwarten. 2005 wird DAS Jahr für OZN.

/cbx/

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Bei OZN läuft alles weiter nach "Plan"

Press Release Source: OREZONE RESOURCES INC.

Drilling on Essakan Main Zone Continues to Yield Strong Results - Intersections include 10.2 g/t over 45m and 5.9 g/t over 56m
Tuesday January 18, 9:32 am ET

OTTAWA, Jan. 18 /PRNewswire-FirstCall/ - Orezone Resources Inc. (OZN:TSX, AMEX) is pleased to announce the latest results from a US $5.2 million exploration program being carried out on the Company`s Essakan gold project in Burkina Faso, West Africa. The results are from reverse circulation ("RC") and core holes designed to expand resources by drilling the down plunge extension of the Essakan Main Zone ("EMZ"), and from 25m by 25m infill drilling on the existing resource. Results from resource expansion drilling include 11.2 g/t over 16.5m in hole ERC758D, 6.9 g/t over 18m in hole ERC817D and 5.0 g/t over 20.3m in hole ERC685D. Infill drilling results include 10.2 g/t over 45m in hole ERC860, 5.9 g/t over 56m in hole ERC854 and 1.8 g/t over 130m in hole ERC837.

To date, 15,077m of RC and 3,154m of diamond core drilling have been completed during the current campaign which commenced in August, 2004. The core drilling primarily consisted of deepening shallow holes drilled with an RC rig which is less expensive but has limited depth capabilities. Drilling has confirmed the geological model which predicted that the deposit, including high grade lenses or shoots, continues down the shallow east dipping structure. The deepest holes drilled to date intersect the structure at a vertical depth of 220m where it remains open. Infill drilling at 25m centres has been initiated to confirm the continuity of the mineralization and bring a portion of the previously published NI 43-101 compliant indicated resource up to the measured category.

Ron Little, President of Orezone stated that "Drilling results continue to show that the orebody and its high grade shoots persist at depth." He added that, "Our plan is to carry on drilling the EMZ at a 25m spacing in order to better define these high grade lenses and to expand resources." Indicated resources in the EMZ currently total 49 Mt grading 1.5 g/t (2.4 Moz) and inferred resources total an additional 5.7 Mt grading 1.7 g/t (0.3 Moz) based on a 0.5 g/t cut off grade. The latest results are not included in these resource calculations.

...
Die Details zu den Bohrergebnissen lasse ich mal weg. S. z.B. hier:
http://biz.yahoo.com/prnews/050118/mo008_1.html

/cbx/

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Wie bereits von Ron Little im Dezember angekündigt...

Gold Fields Accelerates Essakan Project to Top Priority

Monday January 31, 9:04 am ET

OTTAWA, Jan. 31 /PRNewswire-FirstCall/ -
Orezone Resources Inc. (OZN:TSX, AMEX) is pleased to announce that its joint venture partner, Gold Fields Limited, has agreed to accelerate exploration and development of the Essakan Project in Burkina Faso, West Africa.

This has resulted in the drilling budget for the next four months being increased by US $1.4 million to US $3.8 million with the objective of completing a new resource calculation for the Essakan Main Zone ("EMZ") by June, commencing a full feasibility study in September, and making a final production decision by June, 2006.

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On completion of the new budget, which is subject to final approval by Gold Field`s Executive Committee on February 6th, Gold Fields will have surpassed their commitment to spend US $8.0 million to earn a 50 per cent interest in the project. Gold Fields will increase their interest to 60 per cent by completing the bankable feasibility study. Orezone is currently the operator of the project and is fully carried until a production decision is made. Thereafter, Orezone will be responsible for 40 per cent of project development costs.

The majority of the new budget is for 48,000m of resource expansion and definition drilling with the objective of increasing both the size of the resources in the EMZ and the percentage of resources in the measured and indicated categories.

Results to date have indicated that current resources extend along strike and at depth and have demonstrated that there is continuity to the higher grade portions of the orebody. The accelerated drilling program will enable the joint venture partners to update resources by June and commence a full feasibility study in September. A Gold Fields development team is scheduled to visit the property in February to initiate work on a number of the elements required for the feasibility study including baseline environmental studies, metallurgical testing and resource modelling.

Craig Nelsen, Vice President of Exploration for Gold Fields Limited commented that "We are extremely pleased with the work done by Orezone to date. Their project team lead by Pascal Marquis in Burkina Faso has proven to be our most efficient in terms of total cost per metre drilled and more importantly, has proven that there is a great deal of potential to increase resources in the EMZ and surrounding targets. Essakan has become our highest priority gold exploration and development project and we look forward to working with Orezone to move it towards production as quickly and as efficiently as possible."

Ron Little, President of Orezone stated that "We will be extremely busy over the next five months with a total exploration budget of over US$7.5 million including US $3.7 million that will be spent on our own Bondi and Sega projects. We expect to have 3 to 4 drill rigs operating continuously at Essakan and 2 to 3 additional drill rigs operating continuously between Bondi, Sega and several other projects."

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`load the boat`
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1,20 geknackt, wird auch Zeit...

AMEX
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Kursausbruch bei OZN - Intraday neues ATH (Schlußkurs über 1,40 wäre natürlich besser)

...AMEX
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Hier die news dazu:

Orezone Resources Inc. - Significant New Mineralization Intersected Below Essakan Main Zone

http://biz.yahoo.com/bw/050308/85585_1.html

/cbx/

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Steady, Undramatic Orezone Advances in Burkina Faso

By Ben Abelson
16 Mar 2005 at 08:49 AM EST

NEW YORK (ResourceInvestor.com) -- Almost a decade of exploring for gold in West Africa is starting to pay significant dividends for interlisted junior Orezone Resources [OZN.A].

With several early-stage gold projects in the tiny nation of Burkina Faso, Orezone doesn`t seem all that remarkable in the world of gold exploration. Yet Orezone is among the handful of juniors that has been able to attract a senior company - South African heavyweight Gold Fields - to a project that has every prospect of going into production in this gold cycle.

That has made all the difference for Orezone with its U.S.-listed shares climbing more than 50%. They are currently trading at $1.40, near a recent all-time high.

The company`s largest and most advanced project is its Essakan property - a massive 1,400 square kilometer tract of land where Gold Fields is directing $8 million towards exploration in order to earn a 50% stake; an especially good deal for Orezone stockholders. Already, the two companies have mapped out 2.4 million measured and indicated resource ounces at the property, with a final feasibility study anticipated by September.

Orezone has also attracted the interest of British government fund CDC Capital Partners. In August 2004, UK private equity firm Actis Capital LLP snapped up over 4 million shares in Orezone, or about a 4% interest in the company -- on behalf of CDC and other third party investors.

While speaking at last month`s BMO Nesbitt Burns Global Resources Conference, Orezone CEO Ron Little highlited CDC`s investment, and the fact that the fund is apparently ready and willing to help fund future exploration.

"If Gold Fields wants to push harder [on Essakan] they`d [CDC Capital] be there for $40 million or $50 million of funding on the project," Little added.

Gold Fields has confirmed that Essakan is a priority project in its pipeline, and the company is scheduled to make a production decision by June 2006. By this summer Gold Fields should be up to a 60% stake in Essakan with the completion of a bankable feasiblity study.

It was Orezone`s acquisition of Essakan through a 2002 merger with Coronation International Mining that first attracted the interest of Gold Fields. While Gold Fields doesn`t hold any stake in Orezone`s other properties, it is a major shareholder in the company - having acquired 2.5 million shares of Orezone during its acquisition of Coronation.

_____________


Initial Metallurgical Testing Indicates Excellent Recoveries at Essakan

Wednesday March 23, 4:36 pm ET

Orezone Resources Inc. (OZN:TSX, AMEX) is pleased to announce the results from initial metallurgical testing done on two samples from the Essakan Main Zone (“EMZ”) by SGS Lakefield in South Africa. The objective of the study was to investigate how near surface oxide material and deeper sulphide material (below 75m depth) would react to standard gravity recovery and cyanide leaching.

The results are extremely encouraging as average gold recoveries exceeded 95 per cent for both the oxide and sulphide material with more than 50 per cent of the gold reporting to the gravity circuit and the remaining gold leaching well within a 24 hour period. There was no evidence of any characteristics that could negatively impact gold recovery times and costs.

Head grade Back Calculated Grade Gravity Recovery (%)1 Leach Recovery (%)1,2 Total Recovery (%)1,2
g/t g/t primary concentrate portion mids/tailings portion gravity plus leaching
Oxide 1.36 2.08 51.62 97.95 99.01
Sulphide 2.97 4.4 83.28 72.75 95.44
1. Because of the coarse nature of the gold in the Essakan deposit, recoveries are based on the back calculated grade
2. Based on 24 hour cyanide leach

Ron Little , President of Orezone Resources commented that “We are extremely encouraged by the test results which indicate that very good gold recoveries can be achieved using standard milling processes. We are also pleased that the sulphide material is very clean and leaches well as this will allow us to model the deposit to greater depths.” He also added that “While more detailed metallurgical testing will be carried out as part of completing a feasibility study, initial indications are that the EMZ will be a simple deposit to process.”
...

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...Steady, Undramatic Orezone Advances in Burkina Faso - II

- MAY 2005 -

Orezone Raises US $5.3 Million Through Exercise of Warrants

Orezone and Goldfields Announce US $7.9 Million Increase in Essakan Budget

Total expenditure commitment rises to US $16.7 million

US $2.9 million of the increased budget will be used to continue expanding resources in the Essakan Main Zone (“EMZ”) and the balance of US $5.0 million will be used to complete a pre-feasibility study.

The expanded budget will allow drilling to continue on the EMZ with the objectives of:

- Infill drilling the core of the EMZ on 25m by 50m centers.
- Extending the EMZ down dip to the east.
- Completing further definition drilling of the newly discovered Lower Zone below the EMZ.
- Infill drilling the EMZ where it has been extended along strike to both the north and south.
- Calculating a new resource in the fall of 2005.

Drilling Intersects Significant Grades at Sega Project

Intersections in RZ Structure include 18m grading 15.2 g/t and 16m grading 11.0 g/t

Ron Little, President of Orezone stated:
"As a result of the higher grades at RZ, as well as the existence of potentially open-pittable resources at the nearby Gambo and Bakou zones, Orezone has decided to move forward with a scoping study in order to define the economic parameters of the Sega project. These parameters will assist in focusing our resource drilling moving forward and allow a more rapid development of the project if the results continue to be positive."

Orezone Appoints New Director and VP of Operations

Essakan Drilling Continues to Expand Deposit

Intersections in new Lower Zone include 28m grading 3.6 g/t and 22m grading 4.6 g/t

Ron Little, President of Orezone stated:
“Our last resource estimate was completed in August, 2004 and over 80,000 meters of drilling has been completed since that time, including many higher grade intersections. A new resource estimate is scheduled for this July and will be based on results received to the end of April, 2005.” He added that, ”We intend to update resources again in the late fall in order to incorporate results from drilling between April and September, 2005.”


More to come ...

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Bishop`s TOP 3 Gold Expl.

Orezone
Viceroy
Virginia Gold

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AUSBRUCH !

Tagesschluss auf ATH
Last Trade: 1.66
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Day`s Range: 1.49 - 1.66
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Volume: 177,600

/cbx/

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Orezone heute wieder auf ATH

>>>>> last trade

1.81
Trade Time: Sep 23
Change: 0.12 (7.10%)
Prev Close: 1.69
Open: 1.73
Day`s Range: 1.71 - 1.84
52wk Range: 0.95 - 1.84
Volume: 219,700
Avg Vol (3m): 102,075



>>>>> weitere Entdeckungen

Orezone Identifies Large Gold in Soil Targets on Kossa Property
Thursday September 22, 5:59 pm ET

Drilling planned for November on 100% owned permit next to Essakane

OTTAWA--(BUSINESS WIRE)--Sept. 22, 2005-- Orezone Resources Inc. is pleased to announce that a regional soil sampling program has been completed over its 100 per cent owned Kossa permit in Niger. Kossa is located immediately adjacent to the Orezone/Gold Fields Limited Essakane Project with the two properties being separated by the border between Burkina Faso and Niger.

A number of major target areas have been identified on Kossa based on the gold in soil results as well as airborne geophysics and geological mapping. They will be immediately followed up by ground geophysics and detailed soil sampling prior to the commencement of drilling in November.

The Kossa permit has the same geology as Essakane, extensive artisanal workings exist throughout the area, and large gold in soil anomalies on the eastern limit of the Essakane project extend across the border onto Kossa. The recent survey confirms the presence of large mineralized structures which have many similarities with Essakane.

Many of these structures appear to be 8 to 10km in length. One particular target, which parallels the eastern edge of the basin, has a length in excess of 30km.

Ron Little, President of Orezone stated, "Essakane and Kossa cover most of the 4,000 km2 Gouroul sedimentary basin which appears to have been subjected to a very large and widespread mineralized event. Our survey has confirmed that like Essakane, multiple, large scale exploration targets exist on Kossa and we feel they are equally promising." He added that, "Because Kossa is 100 per cent owned and not subject to the Essakane joint venture agreement with Gold Fields Limited, any discoveries will have a very significant effect on the Company. "

Orezone is exploring the Kossa permit using the same successful techniques that the Company developed during its ten years of operation in Burkina Faso and which lead to discoveries at Bondi, Sega and Essakane. A total of 13,828 surface samples were collected, mostly on a 1km by 100m spacing. The majority were lag soil samples, with termite mound and rock samples taken where available. Due to extensive sand dune cover, a number of areas could not be sampled. The anomalies identified at Kossa are very similar to the early results from reconnaissance stage sampling at Essakane (see attached map).




Auf der anderen Seite der Grenze könnte gar noch mehr Gold liegen als in "Essakan". Bin mal gespannt wie sich die Jungs von Gold Fields verhalten, wenn erste Bohrungen dies bestätigen.


>>>>>> Interview mit Joachim Berlenbach von Craton Capital

… Generell gefallen uns kleinere Explorationsfirmen, speziell zählen dazu einige Gesellschaften aus Westafrika . Zu unseren Favoriten gehören Orezone Resources, die mit einem sehr guten Erzkörper überzeugen, und Bendigo Mining sowie Ballarat Goldfields. Diese beiden Unternehmen besitzen riesige Erzvorkommen. Diese haben ein gewaltiges Potential und beinhalten folglich sehr gute Wachstumschancen. Im Bereich Platin sind wir von Impala Platin angetan…

http://www.faz.net/s/Rub42AFB371C83147B795D889BB33AF8404/Doc…


>>>>>> Aktuell

- Abschluß lfd. Bohrprogramm in Essakan bis Ende Spetember

- Pre-Feasibility für Essakan main zone und Ressourcen-update in Kürze

- erste Kossa-Bohrungen im November

- Bohrungen in Bondi, Sega and Bombore laufen o. in Kürze

"Although Essakane may be perceived as a development project with further exploration upside, it is important to recognize that Orezone will continue to generate momentum and growth through the ongoing exploration of all our projects.”(Ron Little)


/cbx/

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KAUFT OREZONE

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