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Roxgold Inc.
Summary
| Project: | Yaramoko | |
|---|---|---|
| Deposit: | Bagassi South | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 5/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-5-2017: Roxgold Inc. announces an Exploration/Drilling Update report for its Bagassi South deposit at the Yaramoko project. Drilling results incl. 13.9m @ 25.0g/t Au from 211.3m. Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTC: ROGFF) is plea | |
| Resources: | (Resource, Inf.): 563kt @ 12.14g/t Au for 220koz Au contained at Bagassi South | |
| CP/QP: | [Overall Report]: Yan Bourassa (Internal) | |
| ABSTRACT: | Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTC: ROGFF) is pleased to announce results from the Company’s Infill and Extensional drilling program at the Bagassi South deposit, located less than two kilometers from its flagship underground gold mine at the 55 Zone. The recent program returned a large number of high grade intercepts which are now being incorporated into an updated Mineral Resource Estimate which is anticipated to be released in the third quarter. “We are very pleased with the large number of high grade results over significant widths 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 on the QV1 and QV Prime structures is encouraging as we prepare an updated mineral resource estimate in the third quarter with a feasibility study for Bagassi South in the fourth quarter”. The latest drilling program totalled 29,160 meters over 134 holes at Bagassi South with 117 holes drilled along the QV1 structure and 17 holes drilled along the QV Prime structure (“QV’” or “QV Prime”). The program was primarily designed to infill the QV1 structure with sufficient additional intercepts to support the conversion of the existing inferred Mineral Resource Estimate (“MRE”) to indicated status, ahead of its potential inclusion in a feasibility study which is currently scheduled to be completed in the fourth quarter of 2017. The current MRE at Bagassi South features an inferred MRE of 563,000 tonnes at 12.14 gpt for 220,000 ounces of gold | |
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