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Roxgold Inc.
Summary
| Project: | Yaramoko | |
|---|---|---|
| Deposit: | Bagassi South | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 11/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-11-2017: Roxgold Inc. announces an Exploration/Drilling Update report for its Bagassi South deposit at the Yaramoko project. Drilling results incl. 0.5m @ 144g/t Au from 822.4m. Toronto, Ontario – November 27, 2017 – Roxgold Inc. (“Roxgold” or the “Com | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Yan Bourassa (Internal) | |
| ABSTRACT: | Toronto, Ontario – November 27, 2017 – Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTC: ROGFF) is pleased to announce interim results from the Company’s Infill and Extensional drilling program along the QV Prime structure at the Bagassi South deposit, located less than two kilometres from its flagship underground gold mine at the 55 Zone. “We are very pleased with the large number of high grade results reported as part of the infill and extensional drilling campaign at Bagassi South,” commented John Dorward, President and CEO of Roxgold. “The consistency of mineralized intervals along the QV Prime structure is encouraging as we prepare an updated mineral resource estimate in the first quarter of 2018 for QV Prime with the aim of increasing life of mine production beyond that envisaged in the recently released Bagassi South feasibility study.” The initial planning for the latest drilling program at QV Prime totalled approximately 10,000 metres over 44 holes. The program has been increased by approximately 3,500 metres to account for the shallower dip of the dolerite dyke which has opened a larger portion of the mineralized shoot west of the dyke. Two drill rigs are currently drilling that portion of the shoot as illustrated on the longitudinal section in Figure 1. The program was primarily designed to infill the QV Prime structure with sufficient additional intercepts to support the conversion of the existing inferred Mineral Resource Estimate (“MRE”) to indicated status, ahead of its inclusion in the 2017 year-end resource and reserve disclosure exercise scheduled for the first quarter of 2018. The current MRE at Bagassi South features an inferred MRE of 51,000 tonnes at 22.0 g/t for 36,000 ounces of gold along the QV Prime structure (please see press release dated July 19, 2017). | |
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