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Orezone Enters Into Life of Mine LNG and Solar Power Contract for Bomboré and Provides Development Update Bomboré will be Burkina Faso's First Mine to use LNG as the Main Power Source


VANCOUVER, British Columbia, June 02, 2021 (GLOBE NEWSWIRE) —
Orezone Gold Corporation (TSX.V: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is very pleased to announce that it has signed a Power Purchase Agreement (“PPA”) with Genser Energy Burkina S.A. (“Genser”) for the supply of clean energy electrical power for its Bomboré Gold Project, located in Burkina Faso.
PPA Highlights
Genser will use liquefied natural gas (“LNG”) as its main fuel, augmented with a staged solar plant. The Bomboré project will be the first mine in Burkina Faso to use LNG to power its operations.
Fixed rate energy tariff will apply over the life-of-mine (“LOM”) oxide operation with a fixed rate tariff to be negotiated for the additional energy demand upon commissioning of the sulphide processing circuit expected in Year 3 of commercial production. ....

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Orezone Sells 50% Silver Production From Bombore for US$7.15M to Fund Exploration During Construction


Article content
VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) Orezone Gold Corporation (TSX.V: ORE OTCQX: ORZCF) is pleased to announce it has entered into a binding letter of intent for a silver streaming agreement with EURO Ressources S.A. (“EURO”) to sell 50% of the future payable silver production from the Bomboré Gold Project for an upfront cash payment of US$7,150,000.
Highlights
Realizes value for silver not included in the 2019 feasibility study –
The value of the silver is not included in the 2019 Bomboré feasibility study due to a lack of assay data. This streaming deal now unlocks that value while allowing the Company to participate in the remaining 50% silver values; ....

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