Orezone res.

[Libertarian_Guard]

The BEARX fund has a position in Orezone res.

http://poweredby.morningstar.com/fun...html?CN=SIL152

[Libertarian_Guard]

http://www.orezone.com

Go to their website and scroll down to see their powerpoint presention.

This is no pick and shovel operation, and even though they will not be getting any Au out of the ground for another 2 to 3 years the gold is there. They are exploring in an area of West Africa that is largely unexplored. The nation of Burkina Faso has a developed road system and water is not a problem either, except when the floods come. It has a stable government as only one tribe lives there. And all exploration is being conducted in a flat desert area.

Orezone has a solid experienced team of geologists running the company and with their strategic alliance with Gold Fields they will likely be successful.

You will not read about this one at GE, they are not a sponsor.

[Libertarian_Guard]

Orezone is up 100% since I rearned of it in september.

Here is the latest news release.

http://www.newswire.ca/en/releases/a.../06/c9413.html

[Libertarian_Guard]

Orezone is up 5% on todays news.

News from Canada NewsWire


Orezone's Burkina Faso drill program update
12:14 EST Monday, December 22, 2003




Bondi Results include 6.1 gAu/t over 11m
Essakan, Results from Falagountou include 3.9 gAu/t over 33m

OTTAWA, Dec. 22 /CNW/ - OREZONE RESOURCES INC. (ORZ.TSX) is pleased to announce that it has completed 10,500m of Rotary Air Blast (RAB) and 16,800m of Reverse Circulation (RC) drilling in Burkina Faso, West Africa. Drilling will continue at Essakan, Bondi and Sega in January 2004 with an additional 40,000 metres.

Bondi Project- Orezone 100% in Bondigui permit.

3500m of RC drilling at Bondi commenced in November to investigate the recently discovered main zone (Press Release June 2, 2003) The main zone represents only 800m of a 4km long gold in soil anomaly, which is part of a 45km long mineralized corridor controlled by Orezone. Results from the first 7 of 35 infill holes drilled at 50m centres on the Bondi main zone have confirmed significant mineralization. Hole BDRC44 intersected 3.8 gAu/t over 11m, hole BDRC46 intersected 3.0 gAu/t over 15m and hole BDRC48 intersected 6.1 gAu/t over 11m. These holes represent only a short portion of the 800m length of the zone at a vertical depth of 20 to 30 metres. A second level of holes has been drilled to intersect the zone at a vertical depth of 65 metres. Results from the remainder of the infill drilling are pending. An initial resource calculation of the mineralization at the Bondi main zone will be completed in the first quarter of 2004. The zone remains open at depth and may be offset and extend further to the south.

Detailed surface sampling and trenching in the vicinity of the main zone indicates a southern extension and parallel zones. Three holes have been drilled under the Zone 2W area, 6 holes under the Zone 2S area and 3 holes were drilled under the Zone 2E trench. Results from these holes are pending and expected before the end of January 2004.


Table 1. Summary of Results from Infill Drilling at Bondi - Oxidized
Main Zone


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Hole East North Azimuth Dip Depth From To Grade Length
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UTM UTM degrees degrees m m m gAu/t m
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BDRC42 434740 1207227 286 -45 60 24 28 2.7 4
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BDRC43 434755 1207280 286 -45 60 23 29 3.2 6
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BDRC44 434784 1207401 286 -45 70 19 30 3.8 11
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39 47 2.4 8
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BDRC45 434802 1207450 286 -45 60 21 23 3.4 2
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BDRC46 434815 1207522 286 -45 60 11 26 3.1 15
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Including 286 -45 60 11 20 4.1 9
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BDRC47 434849 1207619 286 -45 60 9 23 2.8 14
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42 48 2.0 6
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BDRC48 434884 1207737 286 -45 60 23 34 6.1 11
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Note: Samples were collected every 1m down the hole and analyzed using a 2kg bottle roll cyanide leach at the Transworld Laboratory in Tarkwa, Ghana, an internationally recognized laboratory. A minimum of 5% of the samples is for QA/QC, which include duplicates, triplicates, standards and blanks. The program was carried out under the supervision of Jeffrey Ackert, VP Exploration, and qualified person for Orezone.

Essakan Project- Gold Fields Limited earning up to 60% interest.

The 10,500m of RAB drilling indicates bedrock mineralization at Sokadie, Falagountou, Gossey and Korezeina (all satellite prospects within 15km of the main zone) that have been followed up with an initial 10,000m of RC drilling.

At Falagountou initial RC results show a mineralized zone associated with a gabbro intrusive and sediments. Hole FRC489 intersected 3.9 gAu/t over 33m. An extensive core drilling program is planned at Falagountou in January to test the extents of the mineralization along strike and at depth. At Sokadie, 15km south of Essakan Main Zone, results also show significant mineralization with 2.1 gAu/t over 10m in hole SRC472 and 2.2 gAu/t over 8m in hole SRC476.

At Gossey, 10km northwest of the Essakan Main Zone, RAB drilling has intersected bedrock mineralization on 3 sections for a minimum strike length of 850m. This coincides with a much larger surface soil geochemical anomaly that shows the Gossey prospect could be mineralized for up to 10 kilometres. The host rock is a sedimentary package with alteration and mineralization similar to the Essakan Main Zone. RC drilling of 1117m in 15 holes has covered the same 3 sections and results are expected in early January. Pending positive RC results, an aggressive infill drill program, initially on 100m centres, will commence immediately.

Orezone Resources Inc. (ORZ.TSX) is a Canadian-based, emerging gold producer focused on the discovery and development of gold deposits in West Africa, primarily in Burkina Faso.

/For further information: Ron Little, President & CEO, OREZONE RESOURCES INC., 290 Picton St., Suite 201, Ottawa Ontario Canada K1Z 8P8, tel 613 241 3699, fax 613 241 6005, info(at)orezone.com, www.orezone.com/