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Roxgold Inc.
Summary
| Project: | Yaramoko | |
|---|---|---|
| Deposit: | Zone 55 | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 11/29/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-11-2016: Roxgold Inc. announces an Exploration/Drilling Update report for its Zone 55 deposit at the Yaramoko project. Drilling results incl. 23.8m @ 20.1g/t Au from 1064.7m. Toronto, Ontario – November 29, 2016 – Roxgold Inc. (“Roxgold” or “the Compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Yan Bourassa (Internal) | |
| ABSTRACT: | Toronto, Ontario – November 29, 2016 – Roxgold Inc. (“Roxgold” or “the Company”) (TSX.V: ROG) is pleased to announce initial results from its exploration drilling program at Zone 55 on the Yaramoko Gold Mine which is targeting extensions to the existing deposit. “We are encouraged by these initial results from the exploration program at Zone 55,” stated John Dorward, President and CEO of Roxgold. “Hole YRM-16-DD-426 is the deepest hole ever drilled at the 55 Zone and intersected the widest mineralized zone ever seen on this project which is over double the average width of the orebody currently being mined.” Drill results reported today account for approximately 5,300 metres of drilling from a total of 6 diamond drill holes out of the planned 15,000 metre program. The drilling program at Zone 55 is designed to target areas below the current mine envelope. The two primary goals of the program are 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. Results from this program continue to confirm the robustness and continuity of the 55 Zone with Hole YRM-16-DD-426 intersecting a thick zone of high grade mineralization at a vertical depth of 960 metres below surface, representing the deepest hole to ever intersect the 55 Zone. Previous drilling in the vicinity of Hole YRM-16-DD-426 has also returned thicker than average zones of mineralization, including holes YRM-13-DD-284 and YRM-12-DD-289 which intersected 13.3 gpt gold over 11.2 m and 12.7 gpt gold over 14.2 m respectively in the 2013 drilling program. | |
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