
Orezone Gold is pleased to report shallow, high-grade confirmatory grade control drill results from the P17 Zone at its flagship Bomboré Gold Mine. The P17 Zone is a high-grade hard rock deposit outcropping at surface located at the southern end of the Bomboré mining lease. In addition to several phased oxide pits, which have locally been advanced into the hard rock, the P17 Zone will be a primary mill feed source in 2026 for the new hard rock plant, currently being commissioned.
Selected Drill Highlights1:
3.28g/t Au over 26mfrom 6m (P17-GCP-0672) 5.55g/t Au over 15mfrom 6m (P17-GCP-0749)
3.29g/t Au over 22mfrom 15m (P17-GCP-0653) 4.18g/t Au over 16mfrom 24m (P17-GCP-0617)
3.18g/t Au over 21mfrom 8m (P17-GCP-0326) 3.91g/t Au over 17mfrom 11m (P17-GCP-0723)
3.86g/t Au over 17mfrom 4m (P17-GCP-0687) 2.98g/t Au over 22mfrom 15m (P17-GCP-0296)
4.59g/t Au over 14mfrom 21m (P17-GCP-0724) 3.90g/t Au over 16mfrom 2m (P17-GCP-0760)
3.26g/t Au over 19mfrom 13m (P17-GCP-0635) 4.31g/t Au over 14mfrom 26m (P17-GCP-0584)
2.72g/t Au over 22mfrom 18m (P17-GCP-0637) 7.46g/t Au over 8mfrom 32m (P17-GCP-0313)
5.37g/t Au over 11mfrom 3m (P17-GCP-0769) 3.39g/t Au over 17mfrom 8m (P17-GCP-0650)
7.14g/t Au over 8mfrom 7m (P17-GCP-0770) 2.48g/t Au over 23mfrom 17m (P17-GCP-0614)
2.60g/t Au over 21mfrom 9m (P17-GCP-0634) 3.12g/t Au over 17mfrom 2m (P17-GCP-0748)
2.52g/t Au over 21mfrom 9m (P17-GCP-0613) 5.84g/t Au over 9mfrom 19m (P17-GCP-0660)
4.04g/t Au over 13mfrom 3m (P17-GCP-0791) 2.44g/t Au over 21mfrom 19m (P17-GCP-0601)
4.57g/t Au over 11mfrom 24m (P17-GCP-0655) 3.82g/t Au over 13mfrom 11m (P17-GCP-0249)
4.85g/t Au over 10mfrom 13m (P17-GCP-0476) 2.20g/t Au over 22mfrom 8m (P17-GCP-0652)
3.72g/t Au over 13mfrom 25m (P17-GCP-0742) 5.32g/t Au over 9mfrom 2m (P17-GCP-0797)
Patrick Downey, President and CEO stated, “The results of the near-surface P17 Zone grade control drill program were successful in confirming the P17 resource and reserve models. Furthermore, the results serve to underscore the high-grade nature and overall continuity of mineralization within the P17 Zone.
This initial grade control drill program is centered on the first six months of planned production from the P17 Zone. Mining activities in this area of the pit are now underway, with mined ore scheduled to be fed to the mill in early 2026 once commissioning is complete.
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1. True widths of mineralization are between 75-80% of drilled lengths.
Commissioning of the stage 1 hard rock plant is well advanced, with the jaw crusher now commissioned and a crushed ore stockpile established. The SAG mill is now turning, with grinding media being added and first ore through the mill expected to follow very soon. Water testing of the CIL circuit is now complete, with the tanks to be filled and fresh carbon to be added by the end of the week. Overall, commissioning activities remain on schedule, with first gold expected in the coming days.
This is truly an exciting time for the Company, and I want to thank everyone involved for all their hard work and dedication. The commencement of production from the stage 1 hard rock plant represents a major milestone for Orezone, with overall gold production at Bomboré set to increase by 45% to 170,000 to 185,000oz in 2026. This will mark a significant cash flow inflection point, underscored by the Company’s solid balance sheet and record high gold prices.”