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Roxgold Inc.
Summary
| Project: | Yaramoko | |
|---|---|---|
| Deposit: | Zone 55, Bagassi South | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 2/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-2-2017: Roxgold Inc. announces an Exploration/Drilling Update report for its Zone 55, Bagassi South deposit at the Yaramoko project. Drilling results incl. 6.4m @ 12.4g/t Au from 587.0m. Roxgold Inc. (“Roxgold” or “the Company”) (TSX.V: ROG) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Yan Bourassa (Internal) | |
| ABSTRACT: | Roxgold Inc. (“Roxgold” or “the Company”) (TSX.V: ROG) is pleased to announce the complete results from its fourth quarter 2016 exploration drilling program at the 55 Zone and Bagassi South on the Yaramoko Gold Mine along with exploration plans for the first half of 2017. “The recently completed campaign of drilling reinforces our belief that Zone 55 continues well below the present inferred resource depth which currently extends to approximately 800 metres” stated John Dorward, President and CEO of Roxgold. “This is evidenced by holes 428 and 426. Hole 426, at approximately 1,000 metres, as previously reported, intersected 20.1 gpt gold over 23.8 m (10.6 m TW) including 50.4 gpt gold over 7.2 m (3.2 m TW) representing the deepest and widest intercept ever drilled at Yaramoko.” The 2016 fourth quarter drilling program at the 55 Zone totalled 13,658.4 m over 14 holes. Drill results for the first 6 diamond drill holes were previously reported in the fourth quarter of 2016 and accounted for approximately 5,300 m. The drilling program at Zone 55 was designed to target areas below the current mine envelope. The two primary goals of the program were to convert a portion of the current inferred resource to indicated status and to drill test the 55 Zone extension down plunge below the current inferred resource boundary. The fourth quarter drilling program at Bagassi South commenced on November 12th , 2016. A total of 1,970.2 m over 6 holes were drilled to target inferred resource growth along the QV’ structure. Drill hole YRM-16-RD-BGS-118 intersected 6.2 gpt gold over 8.2 m (5.8 m TW) including 12.9 gpt gold over 3.5 m (2.5 m TW) at proximity to the granite and mafic volcanic contact and down plunge from holes YRM-14- DD-BGS-051 and 056 which appear to be outlining a new high grade mineralized shoot. A follow up program along the QV’ structure is currently underway, with an additional six holes totalling approximately 2,500 m are planned to be drilled down plunge from hole YRM-16-RD-BGS-118 along the lithological contact. | |
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