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Roxgold Inc.
Summary
| Project: | Seguela | |
|---|---|---|
| Deposit: | Seguela | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 1/29/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2020: Roxgold Inc. announces a Resource Estimation report for its Seguela deposit at the Seguela project. Updated mineral resource estimate. TORONTO--(BUSINESS WIRE)--January 29, 2020--Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (O | |
| Resources: | (Resource): 7.1Mt @ 2.3g/t Au (Ind.) and 5.2Mt @ 2.8g/t Au (Inf.) | |
| CP/QP: | [Resources]: Hans Andersen (Internal) | |
| ABSTRACT: | TORONTO--(BUSINESS WIRE)--January 29, 2020--Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTC: ROGFF) is pleased to report an updated Mineral Resource Estimate for the Séguéla Gold Project located in Côte d’Ivoire. Total Indicated Mineral Resources increased 7% to 529,000 ounces (“oz”) and Inferred Mineral Resources increased 1,286% to 471,000 oz since Roxgold’s maiden March 19, 2019 Mineral Resource estimate. “I would like to congratulate our exploration team for achieving this important milestone,” stated John Dorward, President and Chief Executive Officer. “The Séguéla Project has become a substantial value accretive project for Roxgold, and we believe that this updated resource underscores the potential for this project to stand alongside our current operations to build the foundation for Roxgold and its future. Our next priority will be the completion of the PEA in the second quarter of this year. I am very excited by Séguéla’s significant potential, notably at the Ancien deposit which remains open at depth and along strike, as well as the potential within the Boulder-Agouti corridor and the additional 22 highly prospective targets that have been identified. We continue to have all hands on deck at Séguéla, with four rigs turning, and we are eagerly anticipating further results over the coming months.” | |
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