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Roxgold Inc.
Summary
| Project: | Yaramoko | |
|---|---|---|
| Deposit: | Bagassi South | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-7-2017: Roxgold Inc. announces a Resource Estimation report for its Bagassi South deposit at the Yaramoko project. Significant grade increases in updated Bagassi South Mineral Reserve estimate. Toronto, Ontario – July 19, 2017 - Roxgold Inc. (“Roxgold” | |
| Resources: | (Resource, Ind.) 352kt @ 16.6g/t Au for 188koz Au contained at Bagassi South | |
| CP/QP: | [Resources]: Yan Bourassa (Internal) | |
| ABSTRACT: | Toronto, Ontario – July 19, 2017 - Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTC: ROGFF) is pleased to announce an updated Mineral Resource Estimate (“MRE”) and complete drilling results from the Company’s first half (“H1”) 2017 Infill and Extensional drilling program at the Bagassi South deposit which is located less than two kilometers from its flagship underground gold mine at the 55 Zone. The MRE was undertaken by Roxgold and validated by SRK Consulting (Canada) Inc. (“SRK”) of Toronto and is based on 250 core boreholes totalling approximately 55,660 metres of drilling and has been prepared in accordance with National Instrument 43-101 (“43-101”) Standards of disclosure for Mineral Projects. The reported mineral resources have been estimated using a geostatistical block modelling approach informed by capped composited gold assay data collected in core boreholes. Resource domains were constructed as implicit wireframes using interval selections of assay and lithological data. The MRE was undertaken by Roxgold’s mine site personnel under the supervision of Yan Bourassa, P.Geo (APGO #1336), VP Geology for Roxgold Inc., a Qualified Person within the meaning of National Instrument 43-101. The MRE was reviewed by Sébastien Bernier, PGeo (APGO #1847) from SRK Consulting (Canada) Inc. (“SRK”) of Toronto. SRK is satisfied that work carried out by Roxgold has been conducted in a manner consistent with generally recognized industry best practices and, therefore, the exploration drilling data are sufficiently reliable for the purpose of supporting a mineral resource evaluation. The exploration database up to June 6th, 2017, comprises 250 core boreholes for a total of approximately 56,660 metres. The geological modelling consists of shear zone envelopes and quartz vein mineralized structures. Individual wireframes were constructed using logged intervals. Two shear zones were modelled for the QV1 and QV’ (QV prime) structures, while four individual gold-bearing quartz vein structures were modelled within the QV1 shear zone and one gold-bearing quartz vein structures was modelled within the QV’ shear zone. | |
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