Orezone Gold was informed of the development by Roscoe Postle Associates who indicate the reports will be ready by the Q3, 2017.
The Orezone Gold board of directors and Ronald Little have agreed that he will step down as president, CEO and director of the company effective immediately.
Patrick Downey, who is currently executive chairman, has been appointed president and CEO of Orezone Gold. Downey was appointed non-executive chairman in September 2016 and was subsequently appointed executive chairman in January 2017.
Downey will now step down from the executive chairman role.
Keith Peck will assume the role of chairman of the board and work closely with Downey on overall corporate strategy. Peck has been a director at Orezone Gold since 2011.
Downey has over 30 years of international experience in the resource industry. He held the position of president, CEO and director for Elgin Mining prior to its acquisition by Mandalay Resources, Aura Minerals and previously Viceroy Exploration before its acquisition by Yamana Gold in 2006.
Downey also served as president of Oliver Gold, where he negotiated their successful merger to form Canico Resource Corporation, which was purchased by CVRD in 2006.
He has held numerous senior engineering positions at several large-scale gold mining operations and has also held operating positions at several mining projects for Anglo American in South Africa.
Downey holds a Bachelor of Science (Honours) degree in engineering from Queen’s University in Belfast, Ireland.
Keith Peck is chairman and CEO of Lincoln Peck Financial, a financial advisory firm focused on the resource sector. He has over 30 years of investment banking experience and has a broad business background that includes financings in public and private markets and mergers and acquisitions.
Feature image credit: Orezone Gold