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Roxgold Inc.
Summary
| Project: | Seguela | |
|---|---|---|
| Deposit: | Seguela | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 4/14/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-4-2020: Roxgold Inc. announces a PEA report for its Seguela deposit at the Seguela project. PEA results incl. post-tax NPV (5%) of A$268M and IRR of 66%. Toronto, Ontario – April 14, 2020 - Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTCQX: | |
| Resources: | (Resources, Ind.): 7.1Mt @ 2.3g/t Au | |
| CP/QP: | [Overall Report]: Paul Criddle (Internal) | |
| ABSTRACT: | Toronto, Ontario – April 14, 2020 - Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTCQX: ROGFF) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) for the high-grade Séguéla Gold Project (“Séguéla”) in Côte d’Ivoire. The PEA was prepared in accordance with Canadian Securities Administrators’ National Instrument 43- 101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The PEA provides a base case assessment of developing the Antenna, Ancien, Agouti and Boulder deposits as open pit mines feeding a central gold processing facility. Roxgold expects to continue its evaluation of Séguéla with the intent of growing the resource base and advancing to the feasibility stage. A webcast and conference call to discuss the PEA results will be held on Wednesday, April 15 th, 2019, at 8:00AM Eastern time – details of the call are outlined in the “Séguéla Gold Project PEA Conference Call” section below. John Dorward, President and Chief Executive Officer commented: “The PEA illustrates the substantial value accretion of the Séguéla Gold Project which stands alongside our current operations to build the foundation for Roxgold and its future. | |
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