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Roxgold Inc.
Summary
| Project: | Yaramoko | |
|---|---|---|
| Deposit: | Bagassi South, 55 Zone | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 11/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-11-2018: Roxgold Inc. announces an Exploration/Drilling Update report for its Bagassi South, 55 Zone deposit at the Yaramoko project. Drilling results incl. 10.1m @ 19.5g/t Au from 576.6m. Toronto, Ontario – November 13, 2018 – Roxgold Inc. (“Roxgold” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Weedon (Internal) | |
| ABSTRACT: | Toronto, Ontario – November 13, 2018 – Roxgold Inc. (“Roxgold” or “the Company”) (TSX: ROXG) (OTC: ROGFF) today reported results from its 2018 exploration drilling program at the 55 Zone and Bagassi South at the Yaramoko Gold Mine along with exploration plans for the balance of 2018 and the first half of 2019. John Dorward, President and Chief Executive Officer of Roxgold commented: “An extensive drilling program is currently underway at Yaramoko. Deeper drilling at the 55 Zone and new regional drilling, especially at the new Kaho target, located along the Yaramoko Shear Corridor to the south of Bagassi South are priorities for the current quarter and the first quarter of next year. With seven rigs active, we are positioned for an exciting six months.” 55 Zone Drilling The primary objectives of the 2018 drilling program are to drill test and delineate the 55 Zone extension along strike to the east and west beyond the current inferred resource boundary, and to upgrade the down plunge portion at 750 – 800 metres at depth of the high-grade orebody from Inferred to Indicated Resource. A total of 15,315 metres out of the 24,000 metre program was completed to date. Strike extension drilling was successful in intersecting the shear structure in all drill holes, with better results beyond the existing resource limits including drill hole YRM-18-DD474W2 intersecting 7.0 gpt over 3.6m, and YRM-18-DD-482 intersecting 9.2 gpt over 5.4m (refer to Table 1 for the Zone 55 results). The drilling was also successful in confirming the geological interpretation of the mineralized limits to the main mineralized shoot. Infill drilling has confirmed the orientation and continuity of high grade quartz veins within the 55 Zone ore shoot, with YRM-18-DD-456A intersecting 47.4 gpt over a 2.2m interval from 335.3m and YRM-18-DD-475W intersected 19.5 gpt over 10.1m from 576.6m, and combined with ongoing detailed mapping of the ore drives, is helping to improve the understanding of the key controls and distribution of these high grade quartz veins. | |
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